President Trump would ‘love' to broker Middle East peace...

November 24, 2016

Washington, Nov 24: President-elect Donald Trump said Tuesday he would “love” to clinch a deal to end the intractable conflict between Israel and the Palestinians, despite Israel's revived plans to build 500 new homes for Jewish settlers in annexed east Jerusalem.

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“I would love to be the one who made peace with Israel and the Palestinians, that would be such a great achievement,” Trump said in an interview with The New York Times.

A New York Times reporter tweeted that Trump also suggested that his son-in-law Jared Kushner could help broker the deal. Kushner, who is married to Trump's daughter Ivanka, is from an Orthodox Jewish family.

Trump has raised Palestinian ire by proposing that Jerusalem should be recognized as Israel's capital, an idea contrary to traditional US policy.

Almost all US presidents have, in the past, tried their hands at brokering peace between the Palestinians and the Israelis — unsuccessfully.

The Israeli right has expressed particular satisfaction with Trump's election win, viewing it as a sign to resume or accelerate settlement building in the Israel-occupied Palestinian territories, and even the end of the idea of an independent Palestinian state.

The Israeli settlement plan is an ominous sign for Palestinians wary of a Trump presidency, an NGO said.

“The political significance of this action is that it is the first plan to be promoted since the US elections,” Betty Herschman from the Ir Amim NGO said.

The plan for 500 housing units in Ramat Shlomo, an ultra-Orthodox Jewish neighborhood in east Jerusalem of around 20,000, had been on hold since 2014, Ir Amim said.

The Jerusalem municipality downplayed the significance of the new housing units, saying the plans were “not new and were approved years ago.”

Nevertheless, the announcement is likely to be interpreted by some as a first step in Israel expanding its settlements in the wake of Trump's upset election victory.

Israeli right-wingers hailed his triumph as ushering in an administration far less critical of settlement expansion than that of outgoing President Barack Obama's.

The president-elect's adviser on Israel, David Friedman, told AFP last month that he does not believe Trump sees Jewish settlements in the occupied West Bank as illegal.

One Israeli minister said Trump's win meant “the era of a Palestinian state is over” while Meir Turjeman, chairman of the Jerusalem municipality planning committee, told public radio earlier in November that it meant suspended permits in east Jerusalem would be given the green light.

He said the municipality intended to authorize thousands of housing units that had been frozen.

The international community considers all settlements illegal and sees them as one of the largest obstacles to peace between Israel and the Palestinians.

Ahead of Wednesday's announcement France said the planned constructions would be “illegal.”

“The unabated continuation of the settlement policy only serves to increase tensions on the ground and undermines the prospects for achieving a just and lasting peace,” the Foreign Ministry said in a statement Tuesday.

Prime Minister Benjamin Netanyahu, whose government is considered the most right-wing in Israeli history, has so far been cautious in green-lighting settlements.

While many on the Israeli right are looking forward to Trump's inauguration in January, they are also wary of what Obama may do in his final days in office.

Obama's administration has expressed mounting anger over Israeli settlement policy and speculation has grown that he could launch a final initiative before leaving.

The UN Security Council is set to debate proposals for a draft resolution calling for a halt to settlement expansion in the Palestinian territories, with speculation Obama could break with recent US practice and support — or at least not veto — such a resolution before his term expires on Jan. 20.

Netanyahu last month expressed concern over any potential attempt but Lieberman on Wednesday seemed less concerned.

Asked if he expected any surprises from Obama before his term ends, Lieberman said: “I don't think so.”

“It is clear we are in a transition period, it is clear today — not only in Israel but in the world — we are waiting for new policies, a new administration.”

Obama has had frosty personal relations with Netanyahu throughout his two-term presidency.

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June 1,2020

Washington, Jun 1: As protesters gathered outside the White House on Friday night in Washington DC, US President Donald Trump was briefly taken to the White House underground bunker, The New York Times reported citing a person having firsthand knowledge about the incident.

Trump was there for less than an hour before being brought upstairs. After hundreds of people surged towards the White House on Friday, Secret Service and the United States Park Police officers sought to block them.

Trump's team was surprised by the protests that were witnessed outside the White House on Friday night, according to the US daily. It is, however, unclear if Melania Trump and Barron Trump were also taken down with him.

in response to the continuing protests against the death of African-American man George Floyd in police custody.

National Guard members have been activated in 15 states and Washington, DC with another 2,000 prepared to activate if needed.

Demonstrators across the United States have been protesting since May 25, when George Floyd, a 46-year-old African-American man, died under the police custody in the city of Minneapolis.

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News Network
June 3,2020

Washington, Jun 3: US President Donald Trump's administration on Tuesday announced investigations into foreign digital services taxes it says are aimed squarely at American tech firms.

Following a similar trade investigation against France last year, the US Trade Representative office now is looking into taxes in Britain and the European Union, as well as Indonesia, Turkey and India.

"President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies," USTR Robert Lighthizer said in a statement.

"We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination."

Washington opposes the efforts to tax revenues from online sales and advertising, saying they single out US tech giants like Google, Apple, Facebook, Amazon and Netflix.

The US and France have agreed to negotiate till the end of the year over a digital services tax Paris approved in 2019, after USTR found them to be discriminating and threatened retaliatory duties of up to 100 percent on French imports such as champagne and camembert cheese.

Trump has embroiled the US in numerous trade disputes since taking office in 2017, including a months-long trade war with China that cooled with the signing of a partial deal in January.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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