"I Can Say Things about Him": Trump after UK Envoy Calls Him "Inept"

Agencies
July 8, 2019

London, Jul 8: US President Donald Trump hit back on Sunday and the UK launched an inquiry after leaked memos revealed Britain's ambassador in the US had described the president and his White House as "inept" and "uniquely dysfunctional".

Trump said Ambassador Kim Darroch had "not served the UK well" and that he and his administration were "not big fans" of the envoy.

Darroch had said Trump's presidency could "crash and burn" and "end in disgrace", according to a cache of secret cables and briefing notes sent back to Britain seen by the Mail on Sunday newspaper.

"We don't really believe this administration is going to become substantially more normal; less dysfunctional; less unpredictable; less faction riven; less diplomatically clumsy and inept," Darroch allegedly wrote in one dispatch.

The paper said the most damning comments by Darroch described Trump, who was received by Queen Elizabeth II during a state visit to Britain just last month, as "insecure" and "incompetent".

A memo sent following the controversial visit said the president and his team had been "dazzled" by the visit but warned Britain might not remain "flavour of the month" because "this is still the land of America First".

He reportedly wrote that the "vicious infighting and chaos" inside the White House -- widely reported in the US but dismissed by Trump as "fake news" -- was "mostly true".

Asked about the leak, Trump told reporters in the US: "The ambassador has not served the UK well, I can tell you that.

"We are not big fans of that man and he has not served the UK well. So I can understand it, and I can say things about him but I won't bother."

The UK foreign ministry said it would carry out a formal investigation into the leak.

Jeremy Hunt, the foreign minister, distanced himself from Darroch's remarks, saying: "It's really important to say that the ambassador was doing his job as an ambassador which is to give frank reports and personal opinions about what's happening in the country where he works, and that's his job to send back those reports but they are personal opinions, not the opinions of the British Government, not my opinion.

"And we continue to think that under President Trump the United States administration is both highly effective and the best possible friend of Britain on the international stage."

From 2017 to now

Darroch is one of Britain's most experienced diplomats whose posting in Washington began in January, 2016, prior to Trump winning the presidency.

The Mail on Sunday said the memos, likely leaked by someone within Britain's sprawling civil service, cover a period beginning in 2017.

In one of the most recent reported dispatches filed on June 22, Darroch criticised Trump's fraught foreign policy on Iran, which has prompted fears in global capitals of a military conflict, as "incoherent" and "chaotic".

He allegedly said the president's assertion that he called off retaliatory missile strikes against the Iranian regime after a US drone was shot down because it risked killing 150 Iranians, "doesn't stand up".

"It's more likely that he was never fully on board and that he was worried about how this apparent reversal of his 2016 campaign promises would look come 2020," Darroch reportedly stated, referring to the next presidential election.

Britain's Foreign Office did not dispute the veracity of the memos.

"The British public would expect our ambassadors to provide ministers with an honest, unvarnished assessment of the politics in their country," a spokeswoman said.

"Their views are not necessarily the views of ministers or indeed the government," she added, noting "we pay them to be candid".

"Our team in Washington have strong relations with the White House and no doubt that these will withstand such mischievous behaviour," the spokeswoman said of the potential fallout from the leak.

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News Network
June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
February 3,2020

Mumbai, Feb 3: Maharashtra Chief Minister Uddhav Thackeray, whose party severed ties with the BJP after the state elections, on Monday said that if somebody breaks a promise, "pain and anger is obvious".

"No, I did not get any shock," Thackeray said in an interview with Shiv Sena mouthpiece Saamana while talking about forming an alliance with NCP and Congress, and becoming the Maharashtra Chief Minister.

"I am a son of Shiv Sena Pramukh (Balasaheb Thackeray), several people tried to give a shock to me but they didn't succeed. This is a field where you have to accept in the beginning that there will be a bit pushing and pulling," Thackeray said.

He added that accepting the Chief Minister's post was not a shock for him and neither was it his "dream at any point of time".

"But I can say one thing for sure that I had decided to go to any level to fulfil the promise which I made to Balasaheb Thackeray. I want to further clear it that me becoming Chief Minister is not the fulfilling of the promise made to Shiv Sena Pramukh but it's just a step towards that. I will fulfil every promise which I made to my father," Uddhav Thackeray said.

"There are several types of shock. Did people like it or not, it is the important part. I have spoken on this issue (alliance with NCP and Congress) several times and even people have understood this. Making promises and keeping them are two different things. If someone breaks a promise, pain and anger is obvious," he added.

The Chief Minister said that he does not know if BJP "has come out their shock till now or not."

"But I have to say if they had kept their promise what would have happened, what a big deal had I asked for? Did I ask for stars and moon? I only asked for what was decided before Lok Sabha polls, when we decided seat distribution," he said.

He further said, "Maharashtra and the country are watching (who betrayed/shocked whom), I don't need to say much on this."

Soon after the Assembly election results, Shiv Sena demanded rotation of the chief minister's post and equal power-sharing in the state government, which was rejected by then ally BJP. The weeks of political stalemate led to the imposition of President's rule on November 13.

Firm on its demands, Sena, the second-largest party in the state, did not hesitate to cobble up with the ideological opponents -- NCP and Congress -- and was given the chief minister's post.

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