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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Agencies
July 13,2020

New Delhi, Jul 13: Google CEO Sundar Pichai on Monday announced an investment of Rs 75,000 crore or approximately US$10 billion into India over the next five to seven years through 'Google for India Digistation Fund'.

This move is significant as it comes in the middle of the COVID-19 pandemic and as multinational companies across the world look at alternative investment destinations.

"Excited to announce Google for India Digitisation Fund. Through it, we will invest Rs 75,000 crore or approx US$10 Billon into India over the next 5-7 yrs. We'll do this through a mix of equity investments, partnerships and operational infrastructure in ecosystem investments," said Pichai.

Pichai along with Union Minister Ravi Shankar Prasad virtually attended the sixth annual edition of Google for India.

"This is a reflection of our confidence in the future of India and its digital economy," said Pichai.
He added that the investments will focus on four areas important to India's digitisation.

Listing out the areas, Pichai elaborated, "First enabling affordable access and information to every Indian in their own language. Second, building new products and services that are deeply relevant to India's unique needs. Third, empowering businesses as they continue or embark on the digital transformation. Fourth, leveraging technology in AI for social good in areas like health, education and agriculture."

"When I was young, every piece of technology brought new opportunities to learn and grow but I always had to wait for it to arrive from some places. Today people in India no more have to wait for technology to come to you. A whole new generation of technologies is happening in India first," said Pichai.

Earlier today Prime Minister Narendra Modi interacted with Pichai and discussed a range of subjects like a new work culture in coronavirus times, data security and cyber safety.

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News Network
February 24,2020

Kuala Lumpur, Feb 24: Malaysian Prime Minister Mahathir Mohamad has submitted his resignation to the king, two sources with direct knowledge of the matter told Reuters on Monday, amid talks of forming a new coalition to govern the country.

Mahathir, 94, assumed office in May 2018 for his second stint as prime minister.

A spokesman from the prime minister's office declined to comment, saying only that a statement will be issued soon.

The sources declined to be named as they were not authorised to talk to the media.

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News Network
June 15,2020

Jun 15: Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

Brent crude futures fell 66 cents, or 1.7%, at $38.07 a barrel as of 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 81 cents, or 2.2%, to $35.45 a barrel.

Both benchmarks ended down about 8% last week, their first weekly declines since April, hit by the U.S. coronavirus concerns: More than 25,000 new cases were reported on Saturday alone as more states, including Florida and Texas, reported record new infection highs.

"Concerns about the recent uptick in COVID-19 infections in the U.S. and a potential 'second wave' are weighing on oil at the moment," said Stephen Innes, chief global market strategist at AxiCorp.

Meanwhile, an OPEC-led monitoring panel will meet on Thursday to discuss ongoing record production cuts to see whether countries have delivered their share of the reductions, but will not make any decision, according to five OPEC+ sources.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been reducing supplies by 9.7 million barrels per day (bpd), about 10% of pre-pandemic demand, and agreed in early June to extend the cuts for a month until end-July.

Iraq, one of the laggards in complying with the curbs, agreed with its major oil companies to cut crude production further in June, Iraqi officials working at the fields told Reuters on Sunday.

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