MONDAY, 23 APR 2018

 

CONNECT

Facebook Linked In Twitter
PwC_12/04-25/04_728x90px
GloriaJeans_266x90px
IMH LTD

New Standards for Recreational and Personal Craft

ImpacTech Appoints Anthony Papaevagorou as Sales Director

IMH LTD
MTN_07/07-10/04_468x60px

INTERNATIONAL

brought to you by CIPA

Trump and Merkel to Hold First Face-To-Face Meeting at White House

Trump and Merkel to Hold First Face-To-Face Meeting at White House

President Donald Trump welcomes German Chancellor Angela Merkel on Friday, March 17, for a White House meeting that could help determine the future of the transatlantic alliance and shape the working relationship between two of the world's most powerful leaders, Reuters reports.

The new U.S. president and the long-serving stateswoman, whose country is Europe's largest economy, will discuss funding for NATO and relations with Russia in their first meeting since Trump took office in January.

The meeting is consequential for both sides.

Merkel, who officials say has prepared carefully for the encounter, is likely to press Trump for assurances of support for a strong European Union and a commitment to fight climate change.

Trump, who as a presidential candidate criticized Merkel for allowing hundreds of thousands of refugees into Germany, will seek her support for his demand that North Atlantic Treaty Organization nations pay more for their defense needs.

Relationship building will be a less overt but important agenda item. Merkel had close relations with Trump's Democratic and Republican predecessors, Barack Obama and George W. Bush, and she is likely to seek a strong working relationship with Trump despite major policy differences and wariness in Germany about the former New York businessman.

"Those who know the chancellor know that she has a knack for winning over people in personal discussions. I am sure that Donald Trump will not be immune," said Juergen Hardt, a conservative lawmaker who helps coordinate transatlantic relations for the German government.

Trump is eager to see follow-through on his demand that European countries shoulder more of the burden of paying for the NATO alliance, which he has criticized.

He will also seek counsel from Merkel on how to deal with Russian President Vladimir Putin, a leader Merkel has dealt with extensively and whom Trump, to the consternation of Republican and Democratic lawmakers, has praised.

"The president will be very interested in hearing the chancellor's views on her experience interacting with Putin," a senior administration official told reporters.

CLIMATE ACCORD

A U.S. official said the Trump administration's position on U.S. participation in the Paris agreement to curb climate change would likely come up in the Merkel meeting and be further clarified in the weeks and months ahead. Merkel is a strong supporter of international efforts to fight global warming.

Trump has called climate change a hoax and vowed during his campaign to "cancel" the Paris agreement within 100 days, saying it would be too costly for the U.S. economy.

Since being elected, he has been mostly quiet on the issue. In a New York Times interview in November, he said he would keep an open mind about the Paris deal.

Merkel is also likely to press Trump about U.S. support for European security, despite assurances from Vice President Mike Pence about that issue on his recent trip to Europe.

"There is still lingering doubt about ... how the U.S. sees European security, and whether the U.S. sees its security and Europe’s security as intrinsically linked and inseparable," Jeffrey Rathke, a senior fellow at the Center for Strategic & International Studies, told reporters.

 

MORE ON INTERNATIONAL

Barclays Boss Faces Penalty for 'Conduct Breach'

Barclays boss Jes Staley is facing a fine by UK regulators for breaching rules when he ...

EU Member States Granted Protection to more than Half a Million Asylum Seekers in 2017

The 28 Member States of the European Union (EU) granted protection status to 538 000 ...

Amazon Says It Has More Than 100 Million Prime Members

Amazon Inc said on Wednesday 18 April it now has more than 100 million Amazon Prime ...

FROM AROUND GOLDNEWS

   

Global and European trends in Real Estate

IMH is organizing the 12th Real Estate & Construction Conference on Thursday, 17 May 2018 at the Hilton Park Hotel in Nicosia. This is traditionally the ...
   

Global Companies to Attend the Cruise Executive Summit

Executives from global companies involved in the sector of cruises and tourism will be in Cyprus at the end of April invited by DP World to join the Cruise ...
   

New Standards for Recreational and Personal Craft

The Department of Merchant Shipping recently announced the publication of the Essential Requirements (Recreational Craft and Personal Watercraft) Regulations ...
   

Moving towards a ‘Greener’ International Shipping Industry

The 72nd Session of the International Maritime Organisation’s (IMO) Marine Environment Protection Committee (MEPC) was held from 9 to 13 April 2018 in ...
   

ATFX Acquires CySEC Licensed PositivaFX

ATFX has expanded to Cyprus, acquiring control of CySEC licensed institutional FX broker PositivaFX, LeapRate reports. ATFX is a co-brand shared by a number ...
   

Fitch Upgrades Cyprus Long-Term Foreign-Currency IDR to BB+ With Positive Outlook

Fitch Ratings has upgraded Cyprus`s Long-Term Foreign-Currency Issuer Default Rating (IDR) to `BB+` from `BB` with a positive outlook. The rating is just one ...
   

Point Nine Organises Second Annual Conference in Limassol

PwC Cyprus participates in the Second Annual Conference organised by Point Nine, titled "Investor Services and Regulation: Challenges of the ...
   

Industrial Turnover Index Increases by 10.8%

The Industrial Turnover Index for January 2018 reached 82.8 units (base 2010=100), recording an increase of 10.8% compared to January 2017.  For ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Deloitte_2016_300x250px
Gold_Issue_300x250px

IMH LTD