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The $9.3 billion in additional costs through 2028 is for deals with the UAW as well as Canadian union Unifor, and translates to about $575 per vehicle over the life of the deals. GM's new guidance reduced expected net income attributable to stockholders for 2023 to a range of $9.1 billion to $9.7 billion, compared to the previous outlook of $9.3 billion to $10.7 billion. That includes an estimated $1.1 billion EBIT-adjusted impact from the UAW strike, which lasted just over six weeks, primarily from lost production. GM had approximately 1.37 billion shares of common stock outstanding prior to the buyback program, the company said. GM will still have another $1.4 billion of capacity remaining under its share repurchase authorization for additional stock buybacks.
Persons: Heather Somerville, Mary Barra, Barra, Cruise, Goldman Sachs, David Shepardson, Ben Klayman, Sharon Singleton, Mark Potter Organizations: General Motors, REUTERS, Detroit, United Auto Workers, UAW, GM, Cruise, Bank of America, Barclays, Citibank, Thomson Locations: San Francisco , California, U.S, California, Detroit
View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. The comments are the first by the company on the future of the Cobre Panama mine's ownership since Tuesday's court ruling. Panama has seen unprecedented public protests after the government signed a new contract with First Quantum for its Cobre Panama mine. MacWilliam told the conference that given the events in Panama, it remains unclear when Cobre Panama will be able to resume operations. The mine closure also has consequences for the Central American nation, as Cobre Panama contributes about 5% to Panama's economy.
Persons: Laurentino Cortizo, Ryan MacWilliam, MacWilliam, Divya Rajagopal, Elida Moreno, Denny Thomas, Chizu Nomiyama, Nick Zieminski Organizations: Minerals, REUTERS, Aris, Rights TORONTO, Quantum, Scotiabank, Reuters, Jiangxi Copper Co, Central, Thomson Locations: Panama, Donoso, Canadian, Jiangxi, Central American, Lincoln
GM cuts spending on Cruise self-driving cars
  + stars: | 2023-11-29 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +2 min
CNN —General Motors announced Wednesday that it’s cutting spending at its self-driving car unit, Cruise. GM had previously announced it intends to cut back Cruise’s operations once the company restarts testing and ride hailing services. The Cruise vehicle then pulled forward, dragging the person along pavement for 20 feet. Following the suspension, Cruise announced it was pausing its public operations throughout the US and, last week, Cruise chief executive Kyle Vogt resigned. The reduction in spending relates to the broad reigning in of production and operations for Cruise.
Persons: Mary Barra, Cruise, Kyle Vogt, Dan Kan, Barra Organizations: CNN — General Motors, GM, California Department of Motor Vehicles, Cruise, Reuters Locations: United States, San Francisco
Unfortunately it takes us three to four hours to reach Khan Younis," said Najar, speaking on the back of the cart. The slower pace gives a clear view of a city scarred by war, with the white donkey trotting past one scene of destruction after another. The destruction in Khan Younis in the south is not as extreme as in Gaza City and other parts of northern Gaza that have borne the brunt of Israel's military campaign. Vowing to destroy Hamas, Israel launched an assault on Gaza that has killed more than 15,000 people, four in ten of them children, according to health officials there. "They didn't leave a tree or a stone," he said, appealing to God to bring the war to an end.
Persons: Bassam Masoud, Fadi Shana KHAN YOUNIS, Khan Younis, Mohammed al Najar, Estelle Shirbon, Janet Lawrence Organizations: Reuters, World Health Organization Locations: Gaza, Khan, Khuza'a, Gaza City, rampaged, Israel
General Motors is slowing the expansion of its Cruise automated driving division and significantly cutting spending at the unit after suspending operations in response to growing safety concerns about its driverless cars. The company had been planning to roll out a ride service in San Francisco and three other cities and begin testing Cruise vehicles on the streets of several other markets. It now plans to focus on only one city as it works to improve the operation of its fleet of driverless vehicles it has been testing. “We expect the pace of Cruise’s expansion to be more deliberate when operations resume, resulting in substantially lower spending in 2024 than in 2023,” G.M.’s chief executive, Mary T. Barra, said Wednesday at an investor conference. “We must rebuild trust with regulators at the local, state and federal levels, as well as with the first responders and the communities in which Cruise will operate.”Last month, California regulators suspended Cruise’s license to operate in the state after an incident in which a Cruise self-driving vehicle in San Francisco ran over a pedestrian who had been hit by another car and dragged her for 20 feet.
Persons: , , Mary T, Barra Organizations: Motors, Cruise Locations: San Francisco, California
Israel and Hamas have extended their brief truce from four to six days, according to Qatar, which has been mediating their talks. Early in the war, the Israeli military ordered the evacuation of northern Gaza, ahead of a ground invasion. But there appear to be parts of northern Gaza that the Israeli military does not control. Ron Dermer, a member of Israel’s war cabinet, told Sky News on Nov. 7 that the Israeli military had killed “several thousand” Hamas fighters since the war began. More than 70 Israeli soldiers have been killed since the ground invasion began, according to the Israeli military.
Persons: Benjamin Netanyahu, , Ron Dermer, , Yahya Sinwar Organizations: Hamas, West Bank, Sky News, Palestinian Authority, Qatar Locations: Gaza, Israel, Qatar, Gaza City, Al, Gaza’s, Israel’s, Doha, Egypt, United States
WASHINGTON, Nov 29 (Reuters) - The U.S. House of Representatives is expected to vote on Friday on whether to expel scandal-plagued Republican George Santos, who faces criminal corruption charges and new accusations that he misspent campaign money, according to Republican aides. The motion requires a two-thirds majority in the House, which Republicans control by a narrow 222-213 majority. Santos' district, which includes a small slice of New York City and some of its eastern suburbs, is seen as competitive. The bipartisan Ethics Committee on Nov. 16 released a report on allegations that Santos committed campaign finance fraud. A vote on Nov. 1 to expel Santos failed because Republicans need Santos' seat to protect their narrow House majority, which empowers them to block much of Democratic President Joe Biden's legislative agenda.
Persons: Republican George Santos, Santos, Mike Johnson, Johnson, George Santos, Elizabeth Frantz, Hermes, Joe, Goldman Sachs, Katharine Jackson, Makini Brice, Scott Malone, Andy Sullivan, Grant McCool, Jonathan Oatis, Daniel Wallis Organizations: U.S . House, Republican, U.S . Rep, U.S, Capitol, Democratic, Representatives, REUTERS, Justice Department, Citibank, New York University, Thomson Locations: New York City, New York, Washington , U.S, OnlyFans
GM’s stock jumped nearly 10% on the news. The announcement comes just weeks after GM executives argued the company couldn’t afford to give the union the wage and benefit gains it wanted. The UAW strike dragged on for six weeks and shut down production in key manufacturing plants. New contracts for GM’s unionized workers in the United States and Canada will cost the company an additional $9.3 billion through 2028. Even with Wednesday’s surge in GM’s share price, the stock is trading for less than it did at the start of the strike.
Persons: Mark Reuss, , , Mary Barra, Buybacks, Sen, Elizabeth Warren, Warren, ” Warren, — CNN’s Matt Egan Organizations: New, New York CNN —, Motors, GM, United Auto Workers, nonunion automakers, UAW Locations: New York, salve, United States, Canada
In a blog post, Mr. Altman, who was rapidly reinstated last week, also outlined his priorities for OpenAI as he retakes the reins of the high-profile artificial intelligence start-up. He added that its board would focus on improving governance and overseeing an independent review of the events that led to and followed his removal as chief executive. Microsoft expands a three-person board that OpenAI announced last week. Microsoft will be able to participate in OpenAI’s board meetings but not vote on business decisions. “Part of what good governance means is that there’s more predictability, transparency and input from various stakeholders, and this seemed like a good way to get that from a very important one,” Mr. Altman said in an interview, referring to Microsoft.
Persons: OpenAI, Sam Altman, Altman, Mr Organizations: Microsoft
Russia's Ryabkov warns US against entering new arms race
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +2 min
Sergei Ryabkov, Russia's deputy foreign minister in charge of ties with the U.S., non-proliferation and arms control, told the Izvestia daily that present circumstances were not "conducive" to arms talks with Washington. "If the United States expects to win the next arms race, repeating to some extent the experience of the presidency of Ronald Reagan ... then the Americans are mistaken," Izvestia cited Ryabkov as saying. Russia's ties with many Western countries deteriorated after its full-scale invasion on Ukraine in February 2022, with Moscow now saying it is fighting what it calls the "collective West" in Ukraine. Ryabkov reiterated Russia's position that Moscow was not threatening a military conflict with NATO, but said a possible escalation depended on the action of the alliance. "The situation is not conducive to exchanging signals (on arms controls), even on such key issues," Ryabkov said.
Persons: Sergei Ryabkov, Vladimir Putin, Ronald Reagan, Izvestia, Ryabkov, Lidia Kelly, Stephen Coates Organizations: Sputnik, NATO, U.S, Washington, Thomson Locations: Russia, Ukraine, Israel, Moscow, United, Washington, Russian, Melbourne
That challenge is one of the major reasons US officials are keen on seeing a surge of humanitarian aid into northern Gaza. Multiple US officials have also stressed the need to create areas in the south that are clearly understood to be protected for civilians. Instead, Israel must be “more cautious, more careful, more deliberate, and more precise in their targeting,” one senior administration official said. While it’s not clear whether Israel would ultimately agree, some US officials expressed optimism that Israel was at least receptive to considering such ideas. “There is an understanding that a different type of campaign has to be conducted in the south than was conducted in the north,” another senior administration official said.
Persons: CNN —, Joe Biden, , it’s, Israel, , Benjamin Netanyahu, Antony Blinken, Biden, Blinken, Samantha Power, CNN’s Kaitlan Collins, Israel won’t, Mahmoud Abbas, Kaitlan Collins Organizations: CNN, CNN — Biden, Israel Defense Forces, Biden, US, Democrats, Capitol, ” Palestinian, Palestinian Locations: Gaza, Israel, Qatar, Egypt, Doha, European,
Kim Yo Jong, sister of North Korea's leader Kim Jong Un, arrives at the Vostochny Сosmodrome before a meeting of Russia's President Vladimir Putin with North Korea's leader Kim Jong Un, in the far eastern Amur region, Russia, September 13, 2023. Sputnik/Vladimir Smirnov/Pool via REUTERS Acquire Licensing RightsSEOUL, Nov 30 (Reuters) - North Korea said it will never negotiate its sovereignty with the United States, criticising Washington as "double-faced" for offering talks while ramping up military activities in the region, state media KCNA reported on Thursday. Ambassador Linda Thomas-Greenfield and North Korean Ambassador Kim Song, both arguing that their countries' military activities are defensive. Kim Yo Jong said Thomas-Greenfield highlighted efforts to reopen talks with North Korea even as she lacked "justifiable ground" for denying its sovereign right to space development. The U.S. and South Korea have condemned the satellite launch as a violation of U.N. Security Council resolutions banning North Korea's use of any ballistic technology.
Persons: Kim Yo Jong, North, Kim Jong Un, Vladimir Putin, Vladimir Smirnov, Washington, Linda Thomas, Kim Song, Thomas, Greenfield, Kim, KCNA, Carl Vinson, Yoon Suk, Hyonhee Shin, Ed Osmond, Josie Kao Organizations: Sputnik, REUTERS Acquire, Rights, . Security, North Korean, North, U.S, DPRK, Democratic People's, Kadena, White House, Pentagon, South, Falcon, Thomson Locations: Amur, Russia, Rights SEOUL, North Korea, United States, U.S, Greenfield, South Korea, DPRK, Democratic People's Republic of Korea, San Diego, Japan, Pyongyang, Korean, Guam, Italy, Seoul, Washington
As international pressure grows to extend a temporary cease-fire with Hamas, some right-wing members of Prime Minister Benjamin Netanyahu’s government are threatening to bring it down if he does not resume fighting in Gaza. While Mr. Ben-Gvir’s departure alone would not topple the government, it would give Mr. Netanyahu a very slim majority to keep his hold on power. But far-right members of Mr. Netanyahu’s government have been critical of the cease-fire, arguing that Israel should continue its military assault on Gaza. Mr. Netanyahu’s approval ratings have steadily declined since the Oct. 7 attacks on Israel. In a poll conducted by Israel’s Bar-Ilan University earlier this month, trust in Mr. Netanyahu was at 4 percent.
Persons: Benjamin Netanyahu’s, Itamar Ben, Gvir, Israel, , Ben, Netanyahu, Mr, Netanyahu’s, Benny Gantz Organizations: Hamas, , Israel, Israel’s, Ilan University, Maariv, Mr Locations: Gaza, Israel
The company now predicts full-year net income of $9.1 billion to $9.7 billion, down from its previous outlook of $9.3 billion to $10.7 billion. But GM expects to generate more cash for the full year. To get there, GM expects to cut capital spending, including a slowdown in spending on electric vehicles and at Cruise, its troubled autonomous vehicle unit. In June of last year, electric vehicle sales were growing about 90% year over year, according to Motorintelligence.com. Barra wrote that GM has a strong cash balance due to record profits from selling gas-powered vehicles and more efficient internal combustion and electric vehicle operations.
Persons: Motors, Barra, Cruise, It's, Mary Barra, Shawn Fain, she’s, ” Barra Organizations: DETROIT, , autoworkers, Detroit, Wednesday, United Auto Workers, GM, San, Cruise, Ford, UAW Locations: Cruise, California, San Francisco, Barra, Detroit
UN Chief Says Gaza in Midst of 'Epic Humanitarian Catastrophe'
  + stars: | 2023-11-29 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
By Michelle NicholsUNITED NATIONS (Reuters) - United Nations Secretary-General Antonio Guterres on Wednesday said the Gaza Strip was in the midst of an "epic humanitarian catastrophe", urging the world not to look away. Last-minute negotiations were continuing between Israel and Palestinian militants Hamas on Wednesday to extend a truce in Gaza. "The people of Gaza are in the midst of an epic humanitarian catastrophe before the eyes of the world," he said. Hamas is a genocidal terror organization - they don't hide it - not a reliable partner for peace," Erdan told the Security Council. The massacres cannot be allowed to resume," Palestinian Foreign Minister Riyad al-Maliki told the Security Council.
Persons: Michelle Nichols UNITED, Antonio Guterres, Wang Yi, Guterres, Israel's U.N, Gilad Erdan, Erdan, Israel, Riyad al, Maliki, Michelle Nichols, Kanishka Singh, Deepa Babington Organizations: Michelle Nichols UNITED NATIONS, Reuters, United Nations, . Security, China's, Hamas, Security Council, Palestinian, Security Locations: Gaza, China, Israel, New York, Hamas, Palestine
Israel has welcomed the release of dozens of hostages in recent days and says it will maintain the truce if Hamas keeps freeing captives. Weeks of heavy aerial bombardment and a ground invasion have demolished vast swaths of northern Gaza and killed thousands of Palestinians. With information hard to come by, authorities have only given approximate counts of the number of hostages held in Gaza. Another 21 hostages — 19 Thais, one Filipino and one Russian-Israeli — have been released in separate negotiations since the truce began. Before the cease-fire, Hamas released four hostages, and the Israeli army rescued one.
Persons: Yehya Sinwar, Biden, Israel, ” Martin Indyk, Antony Blinken, Benjamin Netanyahu, , Israel's, , Omar al, Dr, Tedros Adhanom Ghebreyesus, ___ Magdy Organizations: , Health Ministry, Hamas, World Health Organization Locations: RAFAH, Gaza, Israel, Israeli, United States, U.S, Egypt, Qatar, Brussels, GAZA, Al, Aqsa, Cairo, Lidman, Jerusalem, israel
WASHINGTON (AP) — The last Omer Neutra's parents heard from him, he told them reassuringly that he anticipated a quiet weekend. They would later learn that their son, a dual Israeli-U.S. citizen, had been ambushed and pulled out of his tank. He was taken to Gaza, where he is believed to remain as a hostage more than 50 days later. The Israeli military said Wednesday that Hamas had begun releasing 12 hostages from captivity in Gaza, the sixth release of Israeli hostages under the cease-fire agreement. Several days later, two police officers knocked on their door to tell them that their son had been abducted by Hamas and was in Gaza.
Persons: Omer Neutra's, , Orna Neutra, Neutras, Abigail Edan —, , it’s, Ronen Neutra, Ruby Chen, Itay, we've, wasn't, Chen, Abigail, Joe Biden, she’s, Liz Hirsh Naftali, “ Abigail, Hirsh Naftali, Benjamin Netanyahu, Noa Naftali Organizations: WASHINGTON, ., Capitol, Biden, Hamas Locations: New York, Gaza, Israel, United States, Washington
The extension of the current deal expires later Wednesday. U.S. President Joe Biden has said he would like to see the pause continue for as long as feasible. Biden and Blinken have also stressed the importance of planning for post-conflict Gaza as well as the need to resume negotiations for the eventual creation of an independent Palestinian state. Netanyahu is opposed to a Palestinian state and has said he is the only Israeli leader who can prevent one from being formed. “We believe that that is the only path to enduring peace, to enduring security, to the preservation of Israel as a strong secure, democratic Jewish state and Palestinians having their legitimate aspirations for a state and self determination,” Blinken said.
Persons: Antony Blinken, Biden, Blinken, we’ll, ” Blinken, “ Everyone’s, Benjamin Netanyahu, Joe Biden, Netanyahu Organizations: , NATO, West Bank, , U.S Locations: BRUSSELS, Gaza, Israel, Brussels, Palestinian, israel
[1/2] The office door of U.S. Rep. George Santos (R-NY) is seen the morning after two Democratic lawmakers moved to force a vote to expel Santos from the House of Representatives, on Capitol Hill in Washington, U.S., November 29, 2023. The motion requires a two-thirds majority in the House, which Republicans control by a narrow 222-213 majority. Republicans are divided on whether to expel Santos because he has not been convicted of a crime, the speaker said. The bipartisan Ethics Committee on Nov. 16 released a report on allegations that Santos committed campaign finance fraud. A vote on Nov. 1 to expel Santos failed because Republicans need Santos' seat to protect their narrow House majority, which empowers them to block much of Democratic President Joe Biden's legislative agenda.
Persons: George Santos, Santos, Elizabeth Frantz, Republican George Santos, Mike Johnson, Johnson, Hermes, Joe, Goldman Sachs, Katharine Jackson, Moira Warburton, Scott Malone, Andy Sullivan, Grant McCool, Jonathan Oatis Organizations: U.S . Rep, Democratic, Capitol, REUTERS, Rights, U.S . House, Republican, Justice Department, Citibank, New York University, Thomson Locations: U.S, Washington , U.S, New York City, New York, OnlyFans, Washington
"We have decided to unanimously declare unconstitutional the entire law 406 of October 20, 2023," Supreme Court President Maria Eugenia Lopez said. First Quantum acknowledged the ruling and affirmed its "unwavering commitment to regulatory compliance in all aspects of our operations within the country." Panama President Laurentino Cortizo said the country will abide by the court ruling. For First Quantum, the Panama ruling would be a repeat of its decade-old experience in the Democratic Republic Of Congo. The company exited DRC in 2012 after it filed an arbitration procedure against the African country for cancelling its mining contract.
Persons: Aris Martinez, Maria Eugenia Lopez, Quantum, Laurentino Cortizo, Morgan, Ricardo Martinelli, Leonardo Di Caprio, Elida Moreno, Valentine Hilaire, Natalia Siniawski, Denny Thomas, Chizu Nomiyama, Mark Porter Organizations: Minerals, REUTERS, PANAMA CITY, Reuters, Panama, London Metal Exchange, Central, RBC, Democratic, Natural Resources Corporation PLC, Cobre, Thomson Locations: Panama's, Panama, Panama City, PANAMA, Central American, Democratic Republic Of Congo, Hollywood, Cobre Panama
"These measures could boost (earnings) growth and help asset prices recover in 2024," Liu said. As per the forecasts, the consumer staples and software sectors are set to post earnings growth of 40% and 30%, respectively. The consumer discretionary and industrial sectors are each expected to see roughly 20% growth, while the real estate sector may grow 18%. Such stable or growth-centric government policies would also boost investor confidence in the e-commerce and consumer sectors, Lau added. Maurer, however, points to how cheap Chinese stocks are and that the risks might already be priced in.
Persons: Minyue Liu, Liu, John Lau, Lau, Alec Jin, Jin, Caroline Yu Maurer, Maurer, Patturaja Murugaboopathy, Vidya Ranganathan Organizations: BNP, Management, Asia Pacific, SEI, Reuters, Reuters Graphics, Stock Connect, HSBC Asset Management, Thomson Locations: Asia, China, Shanghai, U.S
The decision by Israel and Hamas to extend their brief truce has created short-term benefits for both sides but amplified uncertainty about how, when and whether Israel will continue its invasion of the Gaza Strip. From the outside world, Israeli leaders will face calls to make cease-fire permanent. Within their own country, however, there will be competing demands that they resume fighting and crush Hamas, while also securing the release of Israeli hostages. On Tuesday, both Israel and Hamas accused each other of violating the truce. Hamas said its fighters had engaged in a “field clash” provoked by Israel, without offering additional details.
Persons: Israel Locations: Israel, Gaza
TEL AVIV, Israel (AP) — A truce between Israel and Hamas entered its fifth day on Tuesday, with the militant group promising to release more civilian hostages to delay the expected resumption of the war and Israel under growing pressure to spare Palestinian civilians when the fighting resumes. The sides agreed to extend their truce through Wednesday, with another two planned exchanges of militant-held hostages for Palestinians imprisoned by Israel. Hamas and other militants are still holding about 160 people, out of the 240 seized in their Oct. 7 assault into southern Israel that ignited the war. Most of the hostages freed so far have appeared to be physically well. The hostages freed from Gaza have mostly stayed out of the public eye, but details of their captivity have started to emerge.
Persons: Israel, Antony Blinken, Blinken, Elma Avraham, Munder, , Alaa Mansour, ___ Magdy Organizations: Hamas, State Department, Israel’s Channel, Health Ministry, Humanitarian Affairs Locations: TEL AVIV, Israel, Gaza, Qatar, Egypt, U.S, GAZA, Gaza City, , Cairo, ___, israel
Thirty-three Palestinian prisoners released by Israel arrived early Tuesday in east Jerusalem and the West Bank town of Ramallah. Political Cartoons View All 1267 ImagesCurrently:— Israel and Hamas extend their truce, but it seems only a matter of time before the war resumes. So far, Hamas has released 69 hostages, including 51 Israelis, and Israel has released 150 Palestinian prisoners. Fifty Israeli hostages have been freed under the terms of an initial four-day truce, which has been extended to Wednesday. Israel has said it would extend the cease-fire by one day for every 10 additional hostages released.
Persons: Israel, — Israel, — Freed, — Blinken, Israel —, , Israel — Kfir Bibas, Ariel, Eylon, Kfir’s, , William Burns, David Barnea, Burns, Barnea, Isabel Debre, Jon Gambrell, Eli Cohen, Parnpree, Thais, ” Parnpree, Cohen, GAZA WASHINGTON —, Biden, Benjamin Netanyahu, Joe Biden, Constantinos Letymbiotis, Nikos Christodoulides, Christodoulides, Qatar’s, Sheikh Tamim bin Hamad Al Thani, Catherine Colonna, Antonio Guterres, Guterres, ” Israel, ” Elad Levy, Levy’s, Roni Eshel, ” Levy, Antony Blinken, John Kirby, Jason J, Eaton, General Merrick Garland Organizations: Hamas, West Bank, Health Ministry, , TEL, CIA, DUBAI, United Arab Emirates, Officials, U.S, The Washington Post, Shamir, Thais, GERMANY BERLIN, White, Israeli Defense Forces, Cyprus ’, Cypriot, AP, UNIT, Gaza Health Ministry, Shifa, World Health Organization, PARIS, Foreign, RTL, UN, UNITED NATIONS, United Nations, Palestinian, of Solidarity, AS US, FIRE BRUSSELS, State Department, NATO, Organization for Peace, Security, National Security, MEN, UNIVERSITY OF VERMONT, BURLINGTON , Vermont —, University of Vermont, U.S . Department of Justice Locations: Israel, Gaza, Jerusalem, Ramallah, East, israel, ISRAEL, TEL AVIV, Israeli, Tel Aviv, QATAR, United Arab, Qatar, Egypt, ___, Dubai, United Arab Emirates, JERUSALEM, GERMANY, Germany, Berlin, GAZA WASHINGTON, CYPRUS, GAZA NICOSIA, Cyprus, CAIRO, Shifa, Europe, France, CANBERRA, Australia, Australia’s, Canberra, Ukraine, Brussels, Skopje, North Macedonia, UNIVERSITY, BURLINGTON , Vermont, Vermont, Burlington
BUDAPEST, Hungary (AP) — Turkish President Recep Tayyip Erdogan will visit Hungary's capital in December, his second trip to Budapest this year at a time when both countries remain the only NATO members not to have ratified Sweden's accession into the trans-Atlantic military alliance. It wasn't clear whether Erdogan and Orbán would discuss Sweden's NATO membership, which has been delayed for more than a year by Hungary and Turkey. Erdogan's government has delayed Sweden's ratification over accusations that Stockholm is too soft on Kurdish militants and other groups Turkey considers to be security threats. Finland became a NATO member in April after Turkey and Hungary were the last two members of the alliance to ratify the Nordic nation’s accession. Orbán's government has alleged that Swedish politicians have told “blatant lies” about the condition of Hungary’s democracy, but hasn't given specific conditions for approving Sweden's accession.
Persons: Recep Tayyip Erdogan, Erdogan, Bertalan Havasi, Viktor Orbán, Havasi didn't, Orbán, Hungary's, , ___ Suzan Fraser Organizations: NATO, Turkish Strategic Cooperation Council, Hungarian, ATV, Associated Press, Fidesz, Sweden’s Locations: BUDAPEST, Hungary, Budapest, Hungarian, Turkey, Stockholm, Sweden, Finland, Ukraine, , Ankara
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