Tensions show as Trump, Merkel meet for first time

March 18, 2017

Washington, Mar 18: Stark differences between President Donald Trump and German Chancellor Angela Merkel on everything from trade to immigration were in full view during an icy first meeting at the White House on Friday.

MerkelIn a frequently awkward joint press conference, Mr. Trump and Ms. Merkel showed little common ground as they addressed a host of thorny issues including NATO, defense spending and free trade deals.

For most of the 30 minutes in the East Room, Ms. Merkel was stony-faced as Mr. Trump ripped into Washington's NATO allies for not paying for their "fair share" for transatlantic defense and demanded "fair and reciprocal trade" deals.

The veteran German Chancellor had arrived at a snowy White House hoping to reverse a chill in relations after Mr. Trump's incendiary election rhetoric.

The visit began cordially, with the pair shaking hands at the entrance of the White House.

But later, sitting side-by-side in the Oval Office, Ms. Merkel's suggestion of another handshake went unheard or ignored by Mr. Trump -- an awkward moment in what are usually highly scripted occasions.

There was never going to be an easy rapport between the cautious German Chancellor and impulsive US President.

For years, Ms. Merkel -- a trained physicist -- had been president Barack Obama's closest international partner, with the two sharing a strong rapport and a similar deliberative approach.

Before coming to office in January, Mr. Trump had set the tone by calling Ms. Merkel's acceptance of refugees a "catastrophic mistake" and suggested she was "ruining Germany."

In a similar vein, Ms. Merkel has sought to remind -- some in the White House would say lecture -- the real estate mogul about democratic values.

Comments like that have prompted some of Mr. Trump's fiercest critics to declare Ms. Merkel the new "leader of the free world" -- a moniker normally taken up by the occupant of the White House.

During the press conference, Ms. Merkel said "it's much, much better to talk to one another and not about one another, and I think our conversation proved this."

But even the lighter moments were tinged with tension.

Amid a furor over Mr. Trump's unfounded allegations that he was wiretapped by Mr. Obama, the new President cracked a joke referring to past revelations that Ms. Merkel's phone had also been bugged by his Democratic predecessor.

"As far as wiretapping, I guess, by this past administration, at least we have something in common perhaps," he said.

Ms. Merkel appeared not to find the humor in what had been a major political scandal.

And neither side tried to make small talk about Mr. Trump's own background.

His family hails from Kallstadt, a tidy village nestled in southwest Germany's lush wine country. His grandparents left for America more than a century ago fleeing poverty and later, after a brief return, trouble with the law.

Voice of Europe

Although Mr. Trump has tempered his criticism of NATO and the personal attacks against European leaders, officials still fret that Mr. Trump has too closely embraced the nationalist ideology of key advisor Steve Bannon.

Mr. Bannon has championed trade protectionism and opposed the European Union and other multilateral institutions that underpin the world order.

Mr. Trump on Friday pledged to "respect historic institutions" but Mr. Bannon, also in the East Room, gave a chuckle as Ms. Merkel was asked whether she believed Mr. Trump had lied and treated the European Union disrespectfully.

Mr. Trump insisted he was not isolationist, saying: "I'm a free trader but also a fair trader."

Ms. Merkel rejected Mr. Trump's suggestion that individual European countries should negotiate free trade deals with the United States, rather than under existing EU-US negotiations.

"I hope we can come back to the table and talk about the agreement" between the EU and US, she said.

Mr. Trump departed Washington later Friday, arriving in Florida where he will spend the weekend at his Mar-a-Lago estate, accompanied by his youngest son Barron, wife Melania and the first lady's parents.

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News Network
June 30,2020

Beijing, June 30: China said on Tuesday it was concerned about India’s decision to ban Chinese mobile apps such as Bytedance’s TikTok and Tencent’s WeChat and was making checks to verify the situation.

Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that (the Prime Minister Narendra Modi-led government of) India has a responsibility to uphold the rights of Chinese businesses.

India on Monday banned 59, mostly Chinese, mobile apps in its strongest move yet targeting China in the online space since a border crisis erupted between the two countries this month.

The apps are “prejudicial to the sovereignty and integrity of India, the defence of India, the security of state and public order", the ministry of information technology said in a statement, which came two weeks after 20 Indian Army personnel were killed in a violent clash on the India-China border in Ladakh.

The companies have been invited to offer clarifications before a government panel, which will decide whether the ban can be removed or will stay.

The move also came ahead of military and diplomatic talks between India and China scheduled this week.

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Agencies
March 25,2020

Beijing:  Around 5,000 people have signed up for the phase I clinical trial of recombinant novel coronavirus vaccine in Chinese city Wuhan where the virus first emerged late last year.

The recruitment for participants ended this week with nearly 5,000 volunteers signing up for the trial, state-run Beijing News reported on Wednesday.

A single-centre, open and dose-escalation phase I clinical trial for recombinant novel coronavirus vaccine (adenoviral vector) will be tested in healthy adults aged between 18 and 60 years, according to the ChiCTR (China Clinical Trial Register).

The trial, led by experts from the Academy of Military Medical Sciences, gained its approval on March 16 and the research is expected to last half a year.

Requiring at least 108 participants, the trial will be conducted in Wuhan, capital of Hubei province, the region worst-affected by the virus in the country, state-run China Daily reported.

Participants will experience 14-day quarantine restrictions after being vaccinated and their health condition will be recorded every day.

Chinese scientists are hastening the development of COVID-19 vaccines through five approaches --- inactivated vaccines, genetic engineering subunit vaccines, adenovirus vector vaccines, nucleic acid vaccines and vaccines using attenuated influenza virus as vectors.

So far, most teams are expected to complete preclinical research in April and some are moving forward faster, Wang Junzhi, an academician with the Chinese Academy of Engineering said.

Wang noted that research and development of COVID-19 vaccines in China is not slower than foreign counterparts and has been carried out in a scientific, standardised and orderly way.

China has stepped up the process to finalise vaccines to counter COVID-19 after Kaiser Permanente research facility in Seattle and Washington stole the march and began human trials.

China lifted tough restrictions on the Hubei province on Wednesday after a months-long lockdown as the country reported no new domestic cases.

But there were another 47 imported infections from overseas, the National Health Commission said. In total, 474 imported infections have been diagnosed in China -- mostly Chinese nationals returning home.

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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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