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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMust keep Arctic region free from military usage and build-up, Iceland's president saysIcelandic President Guðni Thorlacius Jóhannesson discusses Sweden's NATO accession, geopolitics in the Arctic and concern over "Russian aggression" in Ukraine.
Persons: Guðni Thorlacius Jóhannesson Organizations: NATO Locations: Ukraine
Sweden this week became the newest member of the NATO alliance. On Tuesday, Hungary's parliament voted to approve Sweden's NATO membership in a move that may be exactly what the West needs to counter Putin and his underhand tactics. Sweden has accused Russia of spreading misinformation about Koran burnings to damage its bid for NATO membership. NATO has some major challengesDespite the boost from Sweden's membership, NATO still faces some of the gravest challenges in its history. "The same is true for Finland and Sweden's NATO membership."
Persons: , Vladimir Putin, He's, Putin, Oscar Jonsson, JONATHAN NACKSTRAND, Nima Khorrami, St, Russia's, It's, Shawn Coover, Emmanuel Macron, Jonsson, Khorammi, Donald Trump Organizations: NATO, Service, Russia, Swedish Defence University, Business, Forces, Swedish Amphibious Corps, US Marine Corps, Stockholm Archipelago, Getty, Arctic Institute, Staff, US Locations: Sweden, Ukraine, Russian, Hungary's, Russia, Baltic, Europe, Stockholm, NATO, St Petersburg, Kaliningrad, USSR, Crimea, South Carolina, Western, Finland
Read previewThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Apple's "Project Titan" car was also supposed to be an autonomous, expensive technology that most car companies have already put on the back burner. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.
Persons: , Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Service, EV, Apple, Bloomberg, Business, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America
Apple appears to be tapping out as car companies scramble to adjust EV plans. AdvertisementThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.
Persons: , Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Apple, Service, EV, Bloomberg, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America
Sweden is poised to become the 32nd member of NATO
  + stars: | 2024-02-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSweden is poised to become the 32nd member of NATOCNBC's Silvia Amaro reports on the latest expansion of the NATO military coalition, after holdout Hungary approved Sweden's membership bid.
Persons: NATO CNBC's Silvia Amaro Organizations: Sweden, NATO Locations: Hungary
Hungary votes to approve Sweden's NATO membership
  + stars: | 2024-02-26 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
Swedish Prime Minister Ulf Kristersson is meeting with Hungarian Prime Minister Viktor Orban in Budapest, as Hungary remains the last NATO member to not ratify Sweden's bid to join NATO, on (Photo by Balint Szentgallay/NurPhoto via Getty Images)Hungary on Monday voted to approve Sweden's NATO accession bid, ending months of diplomatic negotiations and finalizing Stockholm's membership almost two years after it first applied to join the military alliance. Hungarian lawmakers voted in favor of Sweden's membership after overcoming long-standing opposition from governing party members led by Prime Minister Viktor Orban. The Scandinavian country will become the 32nd NATO member, coming under the fold of Article 5 of the treaty, which vows that an attack on one member is an attack on all of them. Sweden applied to join NATO in May 2022 — at the same time as Finland — in a historic overhaul of its policy of military non-alignment following Russia's invasion of Ukraine. While a vast majority of NATO members backed Stockholm's bid from its early days, Orban was resistant amid Swedish criticism over Hungary's democracy.
Persons: Ulf Kristersson, Viktor Orban, Balint Szentgallay, , Orban Organizations: Swedish, Hungarian, NATO, Getty Images, Monday, Finland —, Gripen Locations: Budapest, Hungary, Sweden, Finland, Ukraine, Europe, Swedish
Of the 194 members of parliament who voted, just six rejected Sweden’s accession. NATO Secretary-General Jens Stoltenberg confirmed that Sweden will join the alliance now that all allies have approved Sweden’s bid to join. As NATO states, Finland and Sweden will enjoy the protection granted under Article 5 of the treaty that established the alliance – which states that an attack on one member is considered an attack against all. While most NATO members quickly approved Finland and Sweden’s applications, Hungary and Turkey held out for some time. Video Ad Feedback Turkish parliament approves Sweden's NATO membership bid 01:05 - Source: CNNShortly after the Turkish vote, Orban told NATO chief Stoltenberg that his government would also support Swedish membership.
Persons: CNN —, Vladimir Putin, Ulf Kristersson, Viktor Orban, Sweden’s, ” Kristersson, Jens Stoltenberg, Recep Tayyip Erdogan, Orban, Stoltenberg, Putin, Luke McGee, Lauren Kent Organizations: CNN, NATO, Stockholm, Swedish, Gripen, , United, Russia, Ukraine, Union, EU, Sweden’s, Budapest, Kyiv Locations: Budapest, Hungary, Swedish, “ Sweden, Sweden, United States, Atlantic Treaty, Eastern Europe, Russia’s, Finland, Russia, Ukraine, Turkey, Stockholm, EU, Europe, Israel
Turkey spent nearly two years — along with Hungary — holding up Sweden's accession to NATO. Within hours of Ankara's decision, the U.S. approved a $23 billion sale for F-16 fighter jets to Turkey that had been delayed since 2021. It's worth noting that Hungary has yet to approve Sweden's NATO bid, and remains the only member of the alliance standing in the way of the Nordic country's accession. Turkey seemingly has a unique position that allows it to push the envelope and cross lines with its NATO allies. "My approval of Turkey's request to purchase F-16 aircraft has been contingent on Turkish approval of Sweden's NATO membership.
Persons: Turkey Recep Erdogan, It's, Recep Tayyip Erdogan, it's, Victoria Nuland, David Lepeska, Ben Cardin Organizations: NATO, Conference, Hungary —, UAE, Democratic, Senate Foreign Relations Locations: Turkey, Vilnius, Lithuania, Hungary, Sweden, Washington, Russian, Turkish, Eastern
Mette Frederiksen, Denmark's prime minister, speaks on day two of the Munich Security Conference in Munich, Germany, on Saturday, Feb. 17, 2024. Danish Prime Minister Mette Frederiksen criticized a waning sense of urgency among delegates at the Munich Security Conference on Saturday as Moscow's full-scale offensive nearly enters its third year. "The sense of urgency is simply not clear enough in our discussions," Frederiksen told a lunchtime session. Denmark has now donated its entire artillery to Ukraine, Frederiksen said, urging other countries to do the same as the war marks its second anniversary on Feb. 24. The policymakers were speaking at the 7th Munich Ukrainian Lunch, hosted on the sidelines of the MSC by the Yalta European Strategy (YES) forum and Ukrainian non-profit the Victor Pinchuk Foundation.
Persons: Mette Frederiksen, Denmark's, Frederiksen, Putin, Radosław Sikorski, Victor Pinchuk, Tobias Billström, Bakhmut, Nikolay Denkov, Denkov, Genya Savilov, Hillary Clinton, , Niall Ferguson, Clinton, Petr Pavel, Kaja Kallas, Alexander De Croo, Bulgaria Nikolay Denkov Organizations: Munich, Bloomberg, Getty, Kyiv, MSC, Yalta European Strategy, Victor, Victor Pinchuk Foundation, Sweden's, Moscow, 47th Mechanized Brigade, Bradley, Afp, Former, U.S, CNBC Locations: Munich, Germany, MUNICH, Ukraine, Danish, Denmark, Poland, Ukrainian, Avdiivka, Moscow, Russia, Europe, U.S, Donetsk, Western, Czech Republic, Republic of Estonia, Belgium, Bulgaria
Hungary Can Soon Ratify Sweden's NATO Bid, PM Orban Says
  + stars: | 2024-02-17 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: 1 min
BUDAPEST (Reuters) - The Hungarian parliament can ratify Sweden's NATO membership when it convenes for its new spring session later this month, Prime Minister Viktor Orban told his supporters on Saturday. "It's good news that our dispute with Sweden will soon be settled," Orban said. "We are going in the direction that at the start of parliament's spring session we can ratify Sweden's accession to NATO."
Persons: Viktor Orban, " Orban Organizations: NATO Locations: BUDAPEST, Hungarian, Sweden
STOCKHOLM (Reuters) - Swedish prosecutors said on Thursday they had turned down a request to reopen investigations into the sinking of the "Estonia" ferry in 1994 with the loss of 852 lives, as there was no new evidence to suggest a collision, an explosion or a crime. The roll-on, roll-off ferry sank in international waters in the Baltic Sea during stormy weather on its way to Stockholm from Estonia's capital, Tallinn. Sweden's Prosecution Authority received a request in 2020 to resume investigations after footage on a television documentary showed holes in the ship's hull. Photos You Should See View All 22 Images"The case is closed," she added in a statement. The statement did not say who had made the request to resume investigations.
Persons: Karolina Wieslander, Anna Ringstrom, Andrew Heavens Organizations: Sweden's, Authority Locations: STOCKHOLM, Estonia, Baltic, Stockholm, Estonia's, Tallinn, Estonian
BRUSSELS (AP) — U.S. national security adviser Jake Sullivan said that he and his NATO counterparts cautioned Hungary on Wednesday against further delaying Sweden’s membership in the military alliance, and he warned that patience in Washington has its limits. The governing Fidesz party, which holds an absolute majority in Hungary's parliament, has stalled Sweden’s bid since July 2022, alleging that Swedish politicians have told “blatant lies” about the state of Hungarian democracy. The party insists that Sweden’s prime minister must come to Hungary first. The country, along with the other 30 allies, must all agree that Sweden should stand among NATO’s ranks. Hungary is the only member standing in its way.
Persons: Jake Sullivan, Viktor Orbán, Hungary’s, , ” Sullivan, Sullivan, , Orbán, Ulf Kristersson Organizations: , NATO, Wednesday, Fidesz, Sweden’s, Kremlin, Swedish Locations: BRUSSELS, Hungary, Washington, Hungarian, Hungary's, Sweden, Brussels, Finland, Russia, Ukraine, U.S, Budapest
The governing Fidesz party, which holds an absolute majority in parliament, has stalled Sweden’s bid since July 2022, alleging that Swedish politicians have told “blatant lies” about the condition of Hungary’s democracy. “The prime minister pledged to convene parliament to urge parliament to act at its earliest opportunity. Kristersson has said that he will make the trip, but only after Hungary approves his country's NATO membership. But Vadai, the lawmaker, said that there was no guarantee that Orbán's party would commit to a swift approval. “I’m not sure whether the opening session will start with the Swedish ratification, unfortunately,” she said.
Persons: Viktor Orbán, Hungary's, Orbán, Jens Stoltenberg, , didn't, David Pressman, Pressman, expeditiously, Sen, Ben Cardin, Agnes Vadai, , it’s, Ulf Kristersson, Kristersson, “ I’m Organizations: — Lawmakers, NATO, Fidesz, U.S, Maryland Democrat, Senate Foreign Relations, , Democratic Coalition, Associated Press, Swedish Locations: BUDAPEST, Hungary, Hungarian, United States, NATO, U.S, Maryland, Budapest, Swedish, Hungary's
It's the kind of obstruction of key policy objectives for which Orbán has become notorious within the European Union. “We are the sand in the machinery, the stick between the spokes, the splinter under the fingernail,” Orbán said in a speech to tens of thousands of supporters in 2021. Now, frustrated EU officials are trying to determine what Orbán seeks to achieve with his obstructionist strategy, and how they might overcome it. But with his veto power, the nationalist leader will have plenty of further opportunities to sow discord within the EU. Widely considered to be Russian President Vladimir Putin’s closest ally in the EU, Orbán has been accused by his critics of promoting Moscow’s interests over those of his EU and NATO allies, and of preparing to lead his country out of the EU entirely.
Persons: , Viktor Orbán, Orbán, ” Orbán, Donald Tusk, , , Péter Krekó, ” Krekó, “ Orbán, Daniel Freund, Freund, it’s, he's, Donald Trump, Joe Biden, “ He’s, he’s, Krekó, Vladimir Putin’s Organizations: NATO, European Union, EU, Conservative Political, Green, United, U.S, Trump, Germany, Political Locations: BUDAPEST, Hungary, Brussels, Polish, Ukraine, Budapest, Germany, France, Italy, Europe, United States, Washington, Netherlands, Union
BUDAPEST, Hungary (AP) — A bipartisan group of U.S. lawmakers are urging Hungary to immediately ratify Sweden's application to join NATO, saying patience with the Central European country is “wearing thin” as it continues to delay its approval for the Nordic nation. “Despite its numerous prior public commitments, Hungary is the last remaining NATO member to have not ratified Sweden’s bid and both time and patience are wearing thin. Hungary’s inaction risks irrevocably damaging its relationship with the United States and with NATO,” the senators wrote. Orbán, a staunch nationalist that has led Hungary since 2010, has long promised that his country wouldn't be the last NATO member to approve Sweden's application. Photos You Should See View All 45 ImagesA vote on the protocols for Sweden’s NATO accession hasn’t yet appeared on the Hungarian parliament’s agenda, and the matter is unlikely to go before lawmakers until at least late February when the parliament reconvenes.
Persons: Jeanne Shaheen, Thom Tillis, Viktor Orbán, Orbán, Sen, Ben Cardin, ” Cardin, Biden, Cardin, , Organizations: NATO, Central, New, New Hampshire Democrat, North Carolina Republican, Hungarian, Maryland Democrat, Senate Foreign Relations, U.S, Visa, Global, European Union Locations: BUDAPEST, Hungary, U.S, Nordic, Budapest, Sens, New Hampshire, United States, Ukraine, Maryland, Washington
The Russia-Ukraine war has dealt multiple setbacks to Vladimir Putin, says CIA chief William Burns. The invasion, Burns said, had weakened Russia's military and economy. "Russia's economy is suffering long-term setbacks, and the country is sealing its fate as China's economic vassal," Burns wrote in an opinion article for Foreign Affairs on Tuesday. AdvertisementThe Ukraine war, Burns said, has dealt "immense damage" to Russia's military. Russia's military and economic setbacks have also seen it turn to countries like North Korea and Iran for munitions.
Persons: Vladimir Putin, William Burns, Burns, Putin, , William J, Grant Shapps Organizations: CIA, Foreign Affairs, Service, subjugating, NATO, UK Defense, Business Insider Locations: Russia, Ukraine, beholden, China, Kyiv, subjugating Ukraine, North Korea, Iran, Finland
By Boldizsar GyoriBUDAPEST (Reuters) - Hungarian opposition parties submitted a motion on Monday calling for an extraordinary session of parliament on Feb. 5 to ratify Sweden's application to join NATO. Hungary is the only country in the 31-member Atlantic alliance yet to ratify Sweden's application. Turkey completed its approval last week, some 20 months after Stockholm applied to join NATO following Russia's full-scale invasion of Ukraine. But parliamentary speaker Laszlo Kover said there was no urgency for any extraordinary move to ratify Sweden's NATO accession and suggested that opposition attempts at an extra session would be likely to fail. Hungary's parliament is not currently in session, but NATO chief Jens Stoltenberg said last Friday he expected the assembly to ratify Sweden's accession at the end of February after it reconvenes.
Persons: Zita Gurmai, Gurmai, Viktor Orban, Vladimir Putin, Laszlo Kover, Jens Stoltenberg, Orban, Boldizsar Gyori, Jason Hovet, Timothy Heritage Organizations: Gyori, NATO, Atlantic, Reuters, Fidesz, Christian Democrat, Sweden's, Union Locations: Gyori BUDAPEST, Hungary, Turkey, Stockholm, Ukraine, Hungarian, Brussels
Turkey Moving Swiftly Toward Final Step on Sweden's NATO Bid
  + stars: | 2024-01-26 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +1 min
ISTANBUL (Reuters) - Turkey is expected to send the final instrument of ratification for Sweden's NATO membership to Washington within days, now that President Tayyip Erdogan signed it off, in a move Ankara hopes will clear the way to its purchase of U.S. F-16 fighter jets. A source familiar with the issue said the document could be deposited as early as Friday, marking the last step in a process that began in 2022. After 20 months of delay, Turkey moved rapidly this week to ratify the Swedish bid, with parliamentary ratification coming on Tuesday and President Tayyip Erdogan signing off on the approval on Thursday. As per formal NATO rules, the final document in the process - the instrument of ratification - needs to be deposited in the U.S. State Department archives in Washington. Both Erdogan and members of the U.S. Congress had previously linked Ankara's final approval of Sweden to the $20 billion sale of Lockheed Martin F-16s and modernization kits to Turkey.
Persons: Tayyip Erdogan, Erdogan, Lockheed Martin, Joe Biden, Jonathan Spicer, Tomasz Janowski Organizations: NATO, U.S, U.S . State Department, U.S . Congress, Lockheed, Turkish, Reuters, Congress, State Department Locations: ISTANBUL, Turkey, Washington, Ankara, Hungary, Sweden, NATO, Ambassador
By Jonathan SpicerISTANBUL (Reuters) - Canada and Turkey have reached a deal to restart Canadian exports of drone parts in exchange for more transparency on where they are used, and it would take effect after Ankara completes its ratification of Sweden's NATO bid, two sources told Reuters. A second person familiar with the plan said the sides agreed it would take effect after Sweden's ratification was complete. U.S. leaders have said Turkey's ratification of Sweden's NATO membership clears the way for Ankara's long-sought purchase of U.S. F-16 fighter jets. Ottawa halted talks on lifting them in 2022 when Ankara raised objections to both Finland and Sweden's NATO bids. But it re-started talks after a NATO leaders summit in July last year, Reuters reported at the time.
Persons: Jonathan Spicer ISTANBUL, Charlotte MacLeod, Jonathan Spicer, Steve Scherer, Toby Chopra Organizations: NATO, Reuters, Canadian Foreign Ministry, U.S, Ottawa Locations: Canada, Turkey, Ankara, Hungary, Washington, Ottawa, NATO, Stockholm, Turkish, Azerbaijan, Nagorno Karabakh, Baku, Finland, Istanbul
In an exclusive interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S. State Department will immediately send Congress notification of the F-16s sale. Turkey's parliament ratified Sweden's NATO membership bid on Tuesday, clearing a major hurdle to expanding the Western military alliance after 20 months of delay. "So I would expect as soon as that is conveyed to Washington, then congressional notification (of the F-16 sales) will happen." "The president here needs to sign it and then the instrument needs to be conveyed to Washington," he told Reuters by phone. Both Erdogan and members of the U.S. Congress had tied Turkey's backing of Sweden's NATO bid with congressional approval of the $20 billion sale of Lockheed Martin aircraft and modernization kits to Turkey.
Persons: Jonathan Spicer ISTANBUL, Tayyip Erdogan, Jeff Flake, Erdogan, Lockheed Martin, Joe Biden, Jonathan Spicer, Mark Potter Organizations: NATO, U.S, Congress, U.S . State Department, Gazette, Republican, Reuters, U.S . Congress, Lockheed Locations: U.S, Turkey, Ankara, Washington, Sweden, NATO
BUDAPEST, Hungary (AP) — With Turkey completing its ratification of Sweden's bid to join NATO, Hungary is the last member of the military alliance not to have given its approval. Orbán has long promised that Hungary wouldn't be the last NATO member to ratify Sweden's request to join the alliance. Yet Orbán's critics say that there is no such schism within his party, and that when it comes to Hungary's approval of Sweden's NATO membership, Orbán alone is in control. Hungary's opposition parties, which favor Sweden's membership in NATO, have made several attempts over the past year to schedule a vote on the matter. “Anybody who believed that it’s in the hands of the governing party lawmakers was seriously mistaken,” she said.
Persons: Viktor Orbán, Orbán, Hungary wouldn't, , Agnes Vadai, parliament's, It’s, , he'd, Ulf Kristersson, Kristersson hasn't, Tobias Billström, Budapest hasn't, he’d, Jens Stoltenberg, Dorka, Kristersson, , ” Vadai, Vladimir Putin, Vadai, Orbán's Organizations: , Turkey, NATO, Central European, Fidesz, European Union, Democratic Coalition, Ministry of Defense, Hungary, Centre, Integration Locations: BUDAPEST, Hungary, Budapest, Sweden, Turkey, Stockholm, Swedish, Ukraine, NATO
Swedbank CEO sees tough spring for Swedish economy
  + stars: | 2024-01-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSwedbank CEO sees tough spring for Swedish economySwedbank CEO Jens Henriksson discusses the lender's fourth-quarter earnings and gives his outlook for Sweden's economy and central bank action.
Persons: Jens Henriksson
Scientists extracted DNA from chewing gum used by teenagers almost 10,000 years ago. The gum provided clues into what the teenagers had eaten and their lifestyle. Stone Age teenagers' diets included hazelnuts, duck, deer, fox, and trout, the study said. AdvertisementDNA extracted from chewing gum used by teenagers almost 10,000 years ago has provided fascinating clues into their prehistoric diet. "She would probably start to lose her teeth shortly after chewing this gum.
Persons: , Anders Götherström, Palaeogenetics, Götherström, Lisa Matisoo, Smith, Emrah Kırdök Organizations: Stone, Service, Guardian, Science News, University of Otago, Science Locations: Birch, Dunedin, Huseby
By Humeyra PamukWASHINGTON (Reuters) - The United States on Wednesday welcomed the Turkish parliament's ratification of Sweden's NATO membership bid this week and urged Ankara to formally finalize the process. State Department deputy spokesperson Vedant Patel told a briefing that Washington was looking forward to Hungary, which has yet to approve Sweden's NATO bid, moving along in the process. Turkey's ratification of Sweden's NATO bid and the U.S. sale of F-16 fighter jets to Turkey have become linked over the past years. The Biden administration has said it supports the sale but kept urging Ankara to approve Sweden's NATO bid saying Congress might be connecting the two issues. When asked on Wednesday if the State Department would send the formal notification for the jets once Sweden's NATO process is fully formalized, Patel did not commit to a timeline.
Persons: Humeyra Pamuk, Vedant Patel, Washington, Tayyip, Erdogan, Patel, Biden, Blinken, I'm, Jasper Ward, Simon Lewis, Daphne Psaledakis, Alistair Bell Organizations: Wednesday, NATO, State Department, Finland's Locations: Humeyra Pamuk WASHINGTON, United States, Ankara, Hungary, Washington, Sweden, Finland, Turkey, U.S, NATO, Turkey's, Jasper
Here is a look at Sweden's complicated path toward NATO membership. Sweden has stayed out of military alliances for more than 200 years and long ruled out seeking NATO membership. But the Russian aggression caused a dramatic shift in both countries, with polls showing a surge in support for NATO membership. That leaves Hungary as the last hurdle for Sweden's NATO bid. Not surprisingly, Moscow reacted negatively to Sweden and Finland's decision to abandon nonalignment and seek NATO membership, and warned of unspecified countermeasures.
Persons: , hasn’t, Nonalignment, Recep Tayyip Erdogan, Erdogan, Viktor Orbán, Ulf Kristersson, Organizations: STOCKHOLM, NATO —, Nordic, NATO, Kurdistan Workers ’ Party, Kremlin, Swedish, ALLIANCE, Finns, RUSSIA, nonalignment Locations: NATO, Hungary, Sweden, Ukraine, Finland, Russia, Baltic, U.S, Turkey, Turkish, Swedish, Kurdistan, Stockholm, Budapest, SWEDEN, St, Petersburg, Kaliningrad, Moscow, Northern Europe
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