DIRS.INFO The most relevant business & tech news

☆ Some Russians are spending like no tomorrow with 'considerable' overheating in the economy
▼ + stars: | 2024-07-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

On Friday, the Russian central bank warned — yet again — of an overheating economy when it hiked rates from 16% to 18% in an attempt to rein in price gains. This suggests that overheating in the economy has remained considerable," said Elvira Nabiullina, Russia's central bank governor, on Friday during her rate hike announcement. Russians are traveling and spending on culture and hotelsThe rate hike from Russia's central bank comes amid a spending boom in the country where many appear to be spending very freely, even amid the war and Western sanctions, as the Financial Times reported on Friday. Russia's central bank may hike rates again if necessaryNabiullina said on Friday that Russia's GDP will grow 3.5% to 4% this year from a year ago. The central bank next meets on September 13.

Persons: —, Elvira Nabiullina, they're, Sergei Ishkov, Sawicki, Nabiullina, it's Organizations: Service, Business, Financial Times, Labour Locations: Russia, Russian, Russia's, Ukraine, Moscow, stoke

☆ Xi wants the world to know China's military is totally loyal despite the purges
▼ + stars: | 2024-07-27 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

China's military is loyal and will faithfully execute the policies set down by the Communist Party. In June, Chinese Leader Xi Jinping reminded the Central Military Commission — the country's top political-military body — that the military reports to the Communist Party. "Xi stressed that political work is always the lifeline of the country's military. "Xi stresses PLA's political loyalty at crucial meeting held in old revolutionary base," read the Global Times headline. Beyond military corruption, Xi also is concerned about what he sees as decadence in Chinese society — especially among young people — which is undermining Chinese military power.

Persons: Xi Jinping, Xi, Mei, he'd, he's, Stalin, Michael Peck Organizations: Service, Communist Party, Central Military Commission, Global Times, Business, Party, Times, People's Liberation Army, PLA, RAND Corp, Taiwan, PLA Rocket Force, CMC, Soviet Union, Political, Red Army, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, US, China —, Germany, Soviet Union, Forbes

☆ Retiring at 50 has long been a guarantee for parts of China's working class — until now
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.

Persons: —, Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia

☆ LMVH and other global luxury brands are hurting as Chinese shoppers rein in spending
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.

Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, ”, Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States

☆ Netanyahu’s visit to the US could be crucial to a ceasefire deal. But does he want one?
▼ + stars: | 2024-07-22 | by ( Jeremy Diamond | ) edition.cnn.com time to read: +7 min

But as detailed ceasefire negotiations aimed at turning a framework agreement into a final deal stretch into their third week, Netanyahu’s visit will still be critical to the prospects of a ceasefire in Gaza. Senior US officials say a deal is within reach, but the prospects of a deal may hinge on the answer to one key question: Does Netanyahu actually want a deal? And the right-wing coalition partners keeping him in power have threatened to bolt if Netanyahu cuts a deal that ends the war. And publicly, his rhetoric has undermined confidence in Israel’s commitment to reaching a deal that could end the war. And Netanyahu’s allies insist he is earnest in his desire to strike a hostage release deal – just the right deal, one that could allow Israel to resume fighting in Gaza.

Persons: Benjamin Netanyahu, –, Joe Biden’s, Netanyahu’s, Netanyahu, rebuffing, Biden, Antony Blinken, Joe Biden, Brendan Smialowski, Health –, Ronald Reagan, Donald Trump, Will Lanzoni, Netanyahu –, “, Israel, Bibi, ” Trump, Barak Ravid, ” Netanyahu Organizations: Israel CNN, Israeli, Gaza . Senior, Getty, Israel’s, Palestinian Ministry, Health, White, Israel, Republican, Convention, CNN, Trump, Republican National Convention Locations: Tel Aviv, Israel, Washington, Gaza ., Gaza, Israel’s, Egypt, AFP, Rafah, Milwaukee , Wisconsin

☆ Netanyahu, Who Clashed With Biden, Prepares for a Delicate Farewell
▼ + stars: | 2024-07-22 | by ( Patrick Kingsley | ) www.nytimes.com time to read: +1 min

Prime Minister Benjamin Netanyahu of Israel is unlikely to immediately change his approach to the Gaza war following President Biden’s decision to stand aside, even if he may privately welcome the president’s departure from the race, analysts said. Mr. Netanyahu would most likely have freer rein in Gaza under a potential new Trump administration, but the prime minister must still work with Mr. Biden for the next six months, leaving him with little immediate room for maneuver, they said. Until January, Mr. Biden will control the delivery of U.S. munitions to Israel, as well as the level of U.S. diplomatic support at the United Nations at a time when global scrutiny of Israel has rarely been higher. “Of course, Netanyahu benefits from a politically weak Biden, who is blamed by the Israeli right for restraining Israel,” said Mazal Mualem, an Israeli political commentator and a biographer of Mr. Netanyahu. “But Biden is still president and Netanyahu needs him,” she said.

Persons: Benjamin Netanyahu, Biden’s, Netanyahu, Trump, Biden, Israel, ”, Mazal Mualem, Mr, “ Organizations: Mr, United Nations Locations: Israel, Gaza

☆ Activist Starboard took a stake in Match. Here are steps the investor may take to help lift shares
▼ + stars: | 2024-07-20 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On July 15, Starboard sent a letter to Match highlighting various opportunities to improve operations, financial results and capital allocation. Match's EBITDA margin of 36% may be high for an average company, but it's low for a company like Match. Starboard thinks that this is a highly valuable asset that may be well-suited to operate as a private company. Starboard is not the first activist to launch a public campaign at Match.

Persons: Russell, Bernard Kim's, Jeff Smith, Thomas McInerney, Smith, Elliott, Ken Squire Organizations: IAC, Altaba, Yahoo, Elliott Management, Anson, 13D

☆ Britain's Labour faces an uphill battle as it looks to rein in AI's key players
▼ + stars: | 2024-07-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

By taking aim at the most powerful AI models, Labour would impose tighter restrictions on companies such as OpenAI, Microsoft , Google , Amazon , and AI startups including Anthropic, Cohere and Mistral. Matthew Houlihan, senior director of government affairs at Cisco, said any AI rules would need to be "centered on a thoughtful, risk-based approach." Even so, a U.K. AI law would be a step above the U.S., which currently doesn't have federal AI legislation of any kind. Sirion's Liu said one thing he's hoping the government doesn't do, is restrict open-source AI models. Herman Narula, CEO of metaverse venture builder Improbable, agreed that restricting open-source AI innovation would be a bad idea.

Persons: Keir Starmer's, King Charles III, doesn't, Starmer's, Matt Calkins, Appian, Lewis Liu, Liu, Rishi Sunak, Peter Kyle, Kyle, Zahra Bahrololoumi, Matthew Houlihan, Bill, Chris Holmes, Holmes, Matthew Holman, Cripps, Holman, Sirion's Liu, Herman Narula, Narula Organizations: Future Publishing, Labour, European Union, Microsoft, Google, CNBC, Conservative, BBC, AI Safety Institute, Cisco, Authority, EU, AI Safety, Tech, London Tech Week Locations: Jiangsu province, China, Ireland, Salesforce, U.S

☆ How to Rein In Rising Auto Insurance Rates
▼ + stars: | 2024-07-19 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Even as inflation has eased, car insurance rates are rising by double digits. According to the Bureau of Labor Statistics, auto insurance costs were 19.5 percent higher in June than a year earlier. Most drivers already know about discounts available for “bundling” auto and homeowner insurance policies with the same carrier or for insuring multiple cars. Becoming a better driver may help. Just one accident can mean you’re paying an average of 43 percent more than drivers with clean safety records, according to the financial website Bankrate, which analyzed insurance data from Quadrant Information Services.

Organizations: Bureau of Labor Statistics, Information Services

☆ Spanish town to fine tourists for hogging beach spots
▼ + stars: | 2024-07-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +1 min

CNN —While tourists in Barcelona risk being squirted with water pistols, those in the town of Calpe on Spain’s Mediterranean coast face another threat: a hefty fine for reserving space on the beach for themselves. Those who do not comply with this rule face being reported, their belongings being removed and fines of €250 euros (around $270). Chairs, hammocks and umbrellas that are left unattended for more than three hours during the day may be removed, the council said. In May, there were further crackdowns on party boats and public drinking on the islands of Ibiza and Mallorca. And in April, locals in the Canary Islands protested against excessive tourism, blaming visitors for pricing them out of their homes and causing environmental damage.

Persons: beachgoers Organizations: CNN, – Locations: Barcelona, Calpe, Benidorm, Spain, Ibiza, Mallorca, Canary

☆ CFPB cracks down on popular paycheck advance programs. Here's what that means for workers
▼ + stars: | 2024-07-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Tierney L. Cross/Bloomberg via Getty ImagesThe Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in recent years. Such programs, also known as earned wage access, allow workers to tap their paychecks before payday, often for a fee, according to the CFPB. More than 7 million workers accessed about $22 billion in wages before payday in 2022, according to a CFPB analysis of employer-sponsored programs also published Thursday. Consumers may encounter earned wage access under various names, like daily pay, instant pay, accrued wage access, same-day pay and on-demand pay. However, most users do pay fees, CFPB found in its analysis of employer-sponsored programs.

Persons: Rohit Chopra, Tierney L, Biden, CFPB's, they've, Phil Goldfeder, Goldfeder, It's, hasn't, EarnIn, CFPB, Mitria Spotser, EWA Organizations: Consumer Financial Protection, Financial, Bloomberg, Getty, California Department of Financial Protection, Innovation, Federal Reserve, Finance, American Fintech Council, Biden, Workers, Center for Responsible

☆ China's cooking oil scandal prompts residents to buy oil presses amid food safety concerns
▼ + stars: | 2024-07-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

They are turning to making their own oil by buying household oil press machines. a post on social media platform Xiaohongshu, captioning a video of a bottle of cooking oil, showcased locals' worries. China's authorities have launched an investigation into food safety concerns after domestic media revealed that a major state-owned company, Sinograin, had been using tankers that carry fuel to transport cooking oil. Be careful of 'Made in China' food products," Rein told CNBC's "Squawk Box Europe." "Illegal enterprises and relevant responsible persons will be severely punished in accordance with the law and will not be tolerated," China's Commission on Food Safety of the State Council said.

Persons: It's, Shaun Rein, Rein, CNBC's Organizations: Chinese Communist Party, Beijing, Private, Hopefull, Oil Group, Beijing News, China Market Research, Times Finance, Food, State Locations: China, China's Guangxi, Australia, Europe, Hong Kong

☆ The Microsoft-CrowdStrike outage could spur a Big Tech trust reckoning and threaten tech giants' plans for AI
▼ + stars: | 2024-07-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

It also exposes the fragility of those systems and raises the question: Does Big Tech deserve our trust to properly safeguard a technology as powerful as AI? He said Big Tech companies evaluate systems based on if they work "pretty well most of the time," because there's a rush to get products to market. He said big tech companies should have alternative vendors and a multi-layered defense strategy. Big Tech companies, including Facebook, Amazon, and Google, saw the sharpest drop in trust, with an average decline in confidence ratings of 13% to 18%, according to Brookings. Big Tech companies have had "free rein," Patnaik said.

Persons: —, CrowdStrike, Gary Marcus, Marcus, John Schulman, Dan O'Dowd, there's, Javad Abed, Johns Hopkins, Abed, Sanjay Patnaik, Patnaik Organizations: Service, Big Tech, Tech, Business, Microsoft, Geometric Intelligence, Uber, Tesla's, BI, Companies, Google, Adobe, US Department of State, Johns, Carey Business School, Brookings Institution, Facebook Locations: Brookings

☆ Why a recession will strike in 2025, according to a veteran economist
▼ + stars: | 2024-07-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewThe US hasn't dodged a recession, and the economy is slowing too quickly to nail a soft landing, according to top economist Steve Hanke. AdvertisementM2 money supply has contracted for most of the past two years, and grew by just 0.5% year-over-year in early June, according to Fed data. That compares to early 2021, when the M2 money supply grew at 27% as pandemic stimulus juiced economic activity. The growth rate of the money supply is also well-below the 6% growth rate Hanke estimates is on par with 2% inflation. "The average guy on the street corner knows that if they goose the money supply, you're going to get inflation.

Persons: —, Steve Hanke, Johns Hopkins, Hanke, Julia La Roche, — we've Organizations: Service, Business, Federal Reserve, Fed, US, New York Fed Locations: New

☆ AT&T is telling customers they were hacked. Protecting data has been a big fight – from companies like AT&T
▼ + stars: | 2024-07-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

In a statement, AT&T said, “We have long supported a comprehensive federal privacy policy protecting all Americans that applies across the internet ecosystem. Currently, data privacy laws exist in 19 states covering at least 150 million Americans, though differing in scale and scope. Industry trade groups say that while cyber security and data privacy can be interrelated, there is tension between those concepts that might not be fully covered in a data privacy law. What it’s like trying to pass data privacy lawsWhen Collin Walke, a data privacy and cybersecurity attorney, was in the Oklahoma House, he focused on data privacy legislation. One lobby, the State Privacy & Security Coalition, represents AT&T, T-Mobile, Verizon, Meta, as well as automobile, healthcare and payment card companies.

Persons: It’s, “, ” Dominic Sellitto, ” Sellitto, They’re, Alan Butler, ”, Eric Noonan, ” Andrew Kingman, Collin Walke, ” Walke, ” Monica Priestley, ” Priestley, something’s, ” Noonan, ” Butler Organizations: New, New York CNN, FBI, Securities and Exchange Commission, Consumer, Big Tech, Social, University at Buffalo, Privacy, “, State Privacy, Security Coalition, Industry, Oklahoma House, Amazon, Google, Verizon, CNN, U.S, Privacy & Security Coalition, Mobile, Meta, “ Industries, Tech, Companies, FCC, Federal Communications Commission Locations: New York, “, Oklahoma, California, Vermont

☆ Up to $1 Billion May Go to Waste After Hochul’s Congestion Pricing Halt
▼ + stars: | 2024-07-16 | by ( Ana Ley | ) www.nytimes.com time to read: +1 min

Kathy Hochul made the abrupt decision to cancel congestion pricing in New York City last month, transit leaders had already allocated more than a half a billion dollars to get the long-awaited tolling program off the ground. The Metropolitan Transportation Authority entered into a $556 million contract for cameras, software and other tools that would have been used to detect vehicles entering the planned tolling zone south of 60th Street in Manhattan. With the program indefinitely suspended, that money is, at least for the moment, wasted. Congestion pricing was designed to rein in traffic and pollution while improving travel speeds in some of the world’s most crowded streets. The money raised from the first-in-the-nation program would have generated $1 billion annually for the M.T.A., which would have used it to pay for critical upgrades and improvements to the city’s transit network.

Persons: Kathy Hochul, Rachael Fauss Organizations: New York City, Metropolitan Transportation Authority Locations: New York, Manhattan, Albany

☆ Trading Free-Market Ideals for Protectionism, G.O.P. Goes Full Trump
▼ + stars: | 2024-07-15 | by ( Jeanna Smialek | Ana Swanson | ) www.nytimes.com time to read: +1 min

Donald J. Trump’s presidency was a major turn away from the Republican Party’s long embrace of free-market economics. If the Republican platform is any indication, a second Trump term would be a near-complete abandonment. The platform does not directly mention fiscal deficits, and, apart from curbing government spending, it does not make any clear and detailed promises to rein in the nation’s borrowing. Other policies it proposes — including cutting taxes and expanding the military — would most likely swell the nation’s debt. The Republican platform also does not mention exports or encouraging trade.

Persons: Donald J, Trump’s Organizations: Republican, Trump, Republican National Convention Locations: Milwaukee

☆ Melting polar ice is changing the way the Earth spins, making our days longer
▼ + stars: | 2024-07-15 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —The impacts of human-caused climate change are so overwhelming they’re actually messing with time, according to new research. “This is a testament to the gravity of ongoing climate change,” said Surendra Adhikari, a geophysicist at NASA’s Jet Propulsion Laboratory, and a report author. These include processes in the planet’s fluid core, the ongoing impact of the melting of huge glaciers after the last ice age, as well as melting polar ice due to climate change. If the world continues to pump out planet-heating pollution, “climate change could become the new dominant factor,” outpacing the moon’s role, he told CNN. They found any influence from the molten core was outweighed by that of climate change.

Persons: ”, Surendra Adhikari, “, Benedikt Soja, , Olivier Marin, ” Adhikari, Mostafa Kiani Shahvandi, Shahvandi, Duncan Agnew, Jacqueline McCleary, It’s Organizations: CNN, National Academy of Sciences, GPS, Jet Propulsion Laboratory, Swiss, ETH Zurich, Getty, University of California San, Northeastern University, Zurich’s Soja Locations: Scoresby, East Greenland, AFP, Greenland, Antarctica, University of California San Diego

☆ Climate change is messing with time more than previously thought, scientists find
▼ + stars: | 2024-07-15 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —The impacts of human-caused climate change are so overwhelming they’re actually messing with time, according to new research. “This is a testament to the gravity of ongoing climate change,” said Surendra Adhikari, a geophysicist at NASA’s Jet Propulsion Laboratory, and a report author. If the world continues to pump out planet-heating pollution, “climate change could become the new dominant factor,” outpacing the moon’s role, he told CNN. They found the impact of climate change on day length has increased significantly. They found any influence from the molten core was outweighed by that of climate change.

☆ China basically just admitted it's also concerned about solar panel overcapacity
▼ + stars: | 2024-07-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China just issued draft regulations to rein in solar cell production. This shows Beijing knows and is concerned about industrial overcapacity. China and the West have been mired in a trade dispute over overcapacity, which Beijing has pushed back on. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But Beijing recently released a new set of draft rules that show China knows and is concerned about overcapacity too — specifically in solar cell production.

Persons: — Organizations: Service, Business Locations: China, Beijing

☆ Here's the deflation breakdown for June 2024 — in one chart
▼ + stars: | 2024-07-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Physical goods have accounted for much of the deflation over the past year, according to economists. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. However, a shift toward higher tariffs and less free trade could serve to push up goods prices "quite significantly," she added. Why there's been deflation for food, travel, electronicsPrices have also declined for items including food, travel and electronics. Travelers have seen deflation for airline fares (prices are down 5.1% annually) amid factors like an increased volume of available seats.

Persons: Olivia Cross, Cross Organizations: Getty, Capital Economics, U.S, AAA, Travelers Locations: U.S, North America, China

☆ Marathon Oil Agrees to Record Penalty for Alleged Clean Air Act Violations
▼ + stars: | 2024-07-12 | by ( Rebecca F. Elliott | ) www.nytimes.com time to read: 1 min

Marathon Oil agreed to spend $241.5 million to resolve federal allegations that it unlawfully emitted methane, a planet-warming greenhouse gas, and other pollutants from oil and gas facilities in North Dakota. Under the proposed settlement announced on Thursday, the oil and gas producer, based in Houston, would pay a $64.5 million civil penalty. The federal government said it was the largest-ever fine for alleged violations of the Clean Air Act that took place at stationary infrastructure. The settlement is part of a wider effort by the E.P.A. to rein in greenhouse gas emissions at oil and gas facilities.

Organizations: Oil, Fort, Environmental Protection Agency Locations: North Dakota, Houston, Fort Berthold

☆ Chinese EV makers currently as good or better than Tesla, strategist says
▼ + stars: | 2024-07-12 | 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 EmailChinese EV makers currently as good or better than Tesla, strategist saysShaun Rein, managing director of the China Market Research Group, says some Chinese EV makers are currently "as good, if not better" than Tesla as the U.S. firm hasn't changed its model in six or seven years.

Persons: Shaun Rein, Tesla, hasn't Organizations: China Market Research Locations: China, U.S

☆ Once a G.O.P. Rallying Cry, Debt and Deficits Fall From the Party’s Platform
▼ + stars: | 2024-07-11 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

When Donald J. Trump ran for president in 2016, the official Republican platform called for imposing “firm caps on future debt” to “accelerate the repayment of the trillions we now owe.”When Mr. Trump sought a second term in 2020, the party’s platform pummeled Democrats for refusing to help Republicans rein in spending and proposed a constitutional requirement that the federal budget be balanced. Those ambitions were cast aside in the platform that the Republican Party unveiled this week ahead of its convention. Nowhere in the 16-page document do the words “debt” or “deficit” as they relate to the nation’s grim fiscal situation appear. The platform included only a glancing reference to slashing “wasteful” spending, a perennial Republican talking point. To budget hawks who have spent years warning that the United States is spending more than it can afford, the omissions signaled the completion of a Republican transformation from a party that once espoused fiscal restraint to one that is beholden to the ideology of Mr. Trump, who once billed himself the “king of debt.”

Persons: Donald J, Trump, ” Organizations: Republican, Republican Party Locations: United States

Diplomats and officials who spoke with CNN said Rutte is seen as a staunch trans-Atlanticist and a consensus builder. “He is really a seasoned political official, and this is essential to keep the cohesion of the alliance,” a European official said. “It was just a very polite, slightly humorous way of dealing Trump, and Trump appreciated it,” Hoekstra recalled to CNN. “We are not there yet, but it is better than when Trump left,” the official told CNN. Biden likes Rutte personally, they get along well, and the US president sees them as sharing the same values, the official told CNN.

Persons: Donald Trump, Trump, Mark Rutte, Jens Stoltenberg, Rutte, ”, “ Trump, Pete Hoekstra, ” Hoekstra, ‘ Touche, ’ ”, “, ” Rutte, Stoltenberg, Joe Biden, Biden, “ Rutte, Putin Organizations: CNN, NATO, Dutch, Diplomats, Trump, Kyiv – Locations: Washington, NATO, Russia, Netherlands, European, Europe, Ukraine, China, US, ”

Search resuls for: "Rein"

25 mentions found