Category Archives: News

Worldwide news. News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called “hard news” to differentiate it from soft media

South Korea’s LG Group Chairman Dies at 73

South Korea’s fourth-largest conglomerate, LG Group, said its Chairman Koo Bon-moo did Sunday.

Koo, 73, had been struggling with an illness for a year, LG Group said in a statement.

“Becoming the third chairman of LG at the age of 50 in 1995, Koo established key three businesses — electronics, chemicals and telecommunications — led a global company LG, and contributed to driving (South Korea’s) industrial competitiveness and national economic development,” LG said.

A group official said Koo had been unwell for a year and had undergone surgery. The official declined to be named because of the sensitivity of the matter.

Before its chairman’s death, LG Group had established a holding company in order to streamline ownership structure and begin the process of succession.

Heir apparent Koo Kwang-mo is from the fourth generation of LG Group’s controlling family. He owns 6 percent of LG Corp and works as a senior official at LG Electronics Inc.

The senior Koo’s funeral will be private at the request of the family, the company said.

Trump Jr., Gulf Princes’ Emissary Met in 2016

Donald Trump Jr., the U.S. president’s eldest son, met in August 2016 with an envoy representing the crown princes of United Arab Emirates and Saudi

Arabia. The meeting, first reported by The New York Times on Saturday and confirmed by an attorney representing Trump Jr., was a chance for the envoy to offer help to the Trump presidential campaign, according to the Times.

The newspaper said the meeting, held Aug. 3, was arranged by Erik Prince, the founder and former head of private military contractor Blackwater, who attended the meeting. Joel Zamel, a co-founder of an Israeli consulting firm, was also in attendance.

Alan Futerfas, Trump Jr.’s attorney, said Saturday that nothing came of the meeting.

“Prior to the 2016 election, Donald Trump Jr. recalls a meeting with Erik Prince, George Nader and another individual who may be Joel Zamel,” Futerfas said in an emailed statement.

“They pitched Mr. Trump Jr. on a social media platform or marketing strategy. He was not interested and that was the end of it.”

A company connected to Zamel also worked on a proposal for a “covert multimillion-dollar online manipulation campaign” to help Trump, utilizing thousands of fake social media accounts, the Times report said.

The envoy, Lebanese-American businessman George Nader, told Trump Jr. that the crown princes of Saudi Arabia and the UAE were eager to help his father win the 2016 presidential election, the paper said.

Since 1974, the United States has barred foreign nationals from giving money to political campaigns, and it later barred them from donating to political parties. The campaign financing laws also prohibit foreign nationals from coordinating with a campaign and from buying ads that explicitly call for the election or defeat of a candidate.

The Saudi and UAE embassies in Washington did not immediately respond to requests for comment.

Mueller team met Zamel

The Wall Street Journal last month reported that investigators working for U.S. special counsel Robert Mueller had met with Zamel, and that Mueller’s team was looking into his firm’s work and his relationship with Nader.

Mueller is investigating whether Russia meddled in the presidential election and whether Moscow colluded with the Trump campaign, as well as whether Trump committed obstruction of justice by trying to thwart the U.S. Department of Justice probe.

Trump has denied any collusion with Russia and has called the Mueller investigation a “witch hunt.”

The Times report said the meetings were an indication that other countries besides Russia might have offered help to Trump’s presidential campaign. Mueller’s investigators have questioned witnesses in Washington, New York, Atlanta, Tel Aviv and elsewhere regarding possible foreign help to the campaign, the report said.

Peter Carr, a spokesman for Mueller’s team, declined to comment on the report.

Zamel’s attorney, Marc Mukasey, said in a statement to Reuters that his client “offered nothing to the Trump campaign, received nothing from the Trump campaign, delivered nothing to the Trump campaign and was not solicited by, or asked to do anything for, the Trump campaign.”

“Media reports about Mr. Zamel’s engaging in ‘social media manipulation’ are uninformed,” Mukasey added. “Mr. Zamel’s companies harvest publicly available information for lawful use.” 

Kathryn Ruemmler, Nader’s lawyer, told the paper that her client “has fully cooperated with the U.S. special counsel’s investigation and will continue to do so.”

Erik Prince, who is the brother of U.S. Education Secretary Betsy DeVos, could not be immediately reached for comment.

US, China Agree to Increased Trade Cooperation

The United States and China agreed to take measures to reduce the U.S. trade deficit in goods by having China purchase more American goods, particularly agriculture and energy products, according to a joint statement the two nations released Saturday.

“There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China,” the joint statement said.

“To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This will help support growth and employment in the United States.”

The statement concluded joint talks Thursday and Friday between the two countries, which included several U.S. Cabinet secretaries and China’s State Council Vice Premier Liu He.

President Donald Trump made reducing the U.S. trade deficit with China a key campaign promise.

The statement said that China would “advance relevant amendments to its laws and regulations” to allow for more American imports, including changes to patent laws.

Plugged In: Sen. Mark Warner

VOA Contributor Greta Van Susteren talks with U.S. Senator Mark Warner about the Senate Intelligence Committee’s investigation into Russia’s intervention in the 2016 US presidential election and the controversy surrounding the new director of the CIA. Warner is from Virginia and is the ranking Democrat on the Intelligence Committee.

First Somali-American Legislator Seeks Re-Election

It’s been an unlikely journey from a Somali refugee camp in Kenya to the Minnesota State House of Representatives, but 36-year-old Ilhan Omar’s historic rise as the first Somali American legislator in the United States is a beacon of hope for Muslims – particularly Muslim women – worldwide. VOA’s Kane Farabaugh has more from St. Paul, Minnesota.

US Pushes Back on Reports of Fraying Ties With Europe

U.S. officials are pushing back at reports that America’s ties with European allies are frayed over the Trump administration’s withdrawal from the Iran nuclear deal.

“We agree on more than we disagree,” said State Department Policy Planning Director Brian Hook during a telephone briefing Friday with reporters. “People are overstating the disagreement between the U.S. and Europe.”

“We believe that our shared values and commitment to confront the common security challenges will transcend any disagreements over the JCPOA,” said Hook, referring to the 2015 Iran nuclear accord with major powers.

His remarks come after President of the European Council Donald Tusk lashed out at Washington over a trade dispute and the United States pulling out of the Iran nuclear deal.

When asked about Tusk’s tweet, U.S. President Donald Trump hit back, saying the European Union has been “terrible” with the U.S. on trade.

“We lost $151 billion last year dealing with the European Union,” Trump told reporters Thursday, referring to the U.S. trade deficit with the 28-nation bloc. “So they can call me all sorts of names. And if I were them, I’d call me names also, because it’s not going to happen any longer.”

Iran deal fallout

Intense diplomacy followed Trump’s decision to pull out of the Iran deal, with Secretary of State Mike Pompeo making phone calls to his counterparts in Britain, France and Germany. U.S. officials said those conversations were focused on agreeing to a new “security architecture” for Iran.

At the same time, the European Commission is working to prohibit European companies from adhering to U.S. sanctions against Iran, a move to help keep the Iran nuclear agreement intact and to defend European corporate interests.

“We have the duty to protect European companies,” Commission President Jean-Claude Juncker said following a meeting of European Union leaders Thursday in Sofia, Bulgaria. “We now need to act and this is why we are launching the process.”

Juncker said the commission will begin the process of activating a so-called blocking statute, which bans EU companies from observing the sanctions and any court rulings that enforce U.S. penalties.

The way forward

On Monday, Pompeo will deliver his first major foreign policy remarks on Iran and the path forward after the U.S. withdrawal from the Iran nuclear deal.

U.S. officials say Washington seeks a diplomatic outcome with Iran that addresses “the totality of Iran’s threats,” including its nuclear programs and “destabilizing” activities.

 

“This involves a range of things around its [Iran’s] nuclear program — missiles, proliferating missiles, and missile technology, its support for terrorists, and its aggressive and violent activities that fuel civil wars in Syria and Yemen,” Hook said Friday.

“We see this, the coming months, as an opportunity to expand our efforts and to work with a lot of countries who share the same concerns about nonproliferation, about terrorism, about stoking civil wars around the region, and so we’re very, very hopeful about the diplomacy ahead,” he added.

Trump Thrusts Abortion Fight into Crucial Midterm Elections

The Trump administration acted Friday to bar taxpayer-funded family planning clinics from referring women for abortions, energizing its conservative political base ahead of crucial midterm elections while setting the stage for new legal battles.

The Health and Human Services Department sent its proposal to rewrite the rules to the White House, setting in motion a regulatory process that could take months. Scant on details, an administration overview of the plan said it would echo a Reagan-era rule by banning abortion referrals by federally funded clinics and forbidding them from locating in facilities that also provide abortions.

Planned Parenthood, a principal provider of family planning, abortion services, and basic preventive care for women, said the plan appears designed to target the organization. “The end result would make it impossible for women to come to Planned Parenthood, who are counting on us every day,” said executive vice president Dawn Laguens.

But presidential counselor Kellyanne Conway told Fox News that the administration is simply recognizing “that abortion is not family planning. This is family planning money.”

The policy was derided as a “gag rule” by abortion rights supporters, a point challenged by the administration, which said counseling about abortion would be OK, but not referrals. It’s likely to trigger lawsuits from opponents, and certain to galvanize activists on both sides of the abortion debate going into November’s congressional elections.

Social and religious conservatives have remained steadfastly loyal to President Donald Trump despite issues like his reimbursements to attorney Michael Cohen, who paid hush money to a porn star alleging an affair, and Trump’s past boasts of sexually aggressive behavior. Trump has not wavered from advancing the agenda of the religious right.

Tuesday night, Trump is scheduled to speak at the Susan B. Anthony List’s “campaign for life” gala. The group works to elect candidates who want to reduce and ultimately end abortion. It says it spent more than $18 million in the 2016 election cycle to defeat Hillary Clinton and promote a “pro-life Senate.”

Reagan-era rule

The original Reagan-era family planning rule barred clinics from discussing abortion with women. It never went into effect as written, although the Supreme Court ruled it was an appropriate use of executive power. The policy was rescinded under President Bill Clinton, and a new rule took effect requiring “nondirective” counseling to include a full range of options for women.

The Trump administration said its proposal will roll back the Clinton requirement that abortion be discussed as an option along with prenatal care and adoption.

Known as Title X, the family-planning program serves about 4 million women a year through clinics, costing taxpayers about $260 million.

Although abortion is politically divisive, the U.S. abortion rate has dropped significantly, from about 29 per 1,000 women of reproductive age in 1980 to about 15 in 2014. Better contraception, fewer unintended pregnancies and state restrictions may have played a role, according to a recent scientific report.

Abortion remains legal, but federal family planning funds cannot be used to pay for the procedure. Planned Parenthood clinics now qualify for Title X family planning grants, but they keep that money separate from funds that pay for abortions.

Abortion opponents say a taxpayer-funded program should have no connection to abortion. Doctors’ groups and abortion rights supporters say a ban on counseling women trespasses on the doctor-patient relationship.

The American College of Obstetricians and Gynecologists said the administration action amounts to an “egregious intrusion” in the doctor-patient relationship and could force doctors to omit “essential, medically accurate information” from counseling sessions with patients.

Health care and rights

Planned Parenthood’s Laguens hinted at legal action, saying, “we will not stand by while our basic health care and rights are stripped away.”

Jessica Marcella of the National Family Planning & Reproductive Health Association, which represents clinics, said requiring physical separation from abortion facilities is impractical, and would disrupt services for women.

“I cannot imagine a scenario in which public health groups would allow this effort to go unchallenged,” Marcella said.

But abortion opponents said Trump is merely reaffirming the core mission of the family planning program.

“The new regulations will draw a bright line between abortion centers and family planning programs, just as … federal law requires and the Supreme Court has upheld,” said Tony Perkins, president of the Family Research Council, a key voice for religious conservatives.

Kristan Hawkins of Students for Life of America said, “Abortion is not health care or birth control and many women want natural health care choices, rather than hormone-induced changes.”

Abortion opponents allege the federal family planning program in effect cross-subsidizes abortions provided by Planned Parenthood, whose clinics are also major recipients of grants for family planning and basic preventive care. Hawkins’ group is circulating a petition to urge lawmakers to support the Trump administration’s proposal.

Abortion opponents say the administration plan is not a “gag rule.” It “will not prohibit counseling for clients about abortion … but neither will it include the current mandate that [clinics] must counsel and refer for abortion,” said the administration’s own summary.

India, EU Give WTO Lists of US Goods for Potential Tariff Retaliation

India and the European Union have given the World Trade Organization lists of the U.S. products that could incur high tariffs in retaliation for U.S. President Donald Trump’s global tariffs on steel and aluminum, WTO filings showed Friday.

The EU said Trump’s steel tariffs could cost $1.5 billion and aluminum tariffs a further $100 million, and listed rice, cranberries, bourbon, corn, peanut butter, and steel products among the U.S. goods that it might target for retaliation.

India said it was facing additional U.S. tariffs of $31 million on aluminum and $134 million on steel, and listed U.S. exports of soya oil, palmolein and cashew nuts among its potential targets for retaliatory tariffs.

One trade official described the lists of retaliatory tariffs as “loading a gun,” making it plain to U.S. exporters that pain might be on the way.

India said its tariffs would come into effect by June 21, unless and until the United States removed its tariffs.

The EU said some retaliation could be applied from June 20.

Trump’s tariffs, 25 percent on steel and 10 percent on aluminum, came into force in March to strong opposition as many see the measures as unjustified and populist.

There were also objections that the tariffs would have little impact on China, widely seen to be the cause of oversupply in the market.

Trump justified the tariffs by claiming they were for U.S. national security, in a bid to protect them from any legal challenge at the WTO, causing further controversy.

Rather than challenging the U.S. tariffs directly, the EU and India, like China, South Korea and Russia, told the United States that they regarded Trump’s tariffs as “safeguards” under the WTO rules, which means U.S. trading partners are entitled to compensation for loss of trade.

The United States disagrees.

Conservative Revolt Over Immigration Sinks House Farm Bill

In an embarrassment for House Republican leaders, conservatives on Friday scuttled a bill that combines stricter work and job training requirements for food stamp recipients with a renewal of farm subsidies popular in GOP-leaning farm country.

Hard-right conservatives upset over the party’s stalled immigration agenda opposed the measure, which failed by a 213-198 vote. Some 30 Republicans joined with every chamber Democrat in opposition.

The vote was a blow to GOP leaders, who had hoped to tout its new work requirements for recipients of food stamps. The work initiative polls well with voters, especially those in the GOP political base.

More broadly, it exposed fissures within the party in the months before the midterm elections, and the Freedom Caucus tactics rubbed many rank-and-file Republicans the wrong way.

“You judge each piece of legislation on its own,” said Rep. Tom Cole, R-Okla. “You don’t hold one thing hostage for something that’s totally different and has nothing to do with it. I would say that’s a mistake in my view.”

Key conservatives in the rebellious House Freedom Caucus opposed the measure, seeking leverage to win conservative policies an advantage in a debate on immigration next month. Negotiations with GOP leaders Friday morning failed to bear fruit, however, and the unrelated food and farm measure was defeated.

Conservative Rep. Jim Jordan, R-Ohio, said some members had concerns over the farm bill, but said, “That wasn’t my main focus. My main focus was making sure we do immigration policy right” and “actually build a border security wall.”

House Speaker Paul Ryan, R-Wis., took steps to call for a re-vote in the future but it’s not clear when the measure might be revived. A handful of GOP moderates opposed the bill, too, but not enough to sink it on their own.

Reaction from Democrats

The farm bill, a twice-per-decade rite on Capitol Hill, promises greater job training opportunities for recipients of food stamps, a top priority for House leaders. Democrats are strongly opposed, saying the stricter work and job training rules are poorly designed and would drive 2 million people off of food stamps. They took a victory lap after the vote.

“On a bipartisan basis, the House rejected a bad bill that failed farmers and working families,” said Minority Leader Nancy Pelosi, D-Calif. “Republicans wrote a cruel, destructive farm bill that abandoned farmers and producers amid plummeting farm prices and the self-inflicted damage of President Trump’s trade brinkmanship.”

Currently, adults 18-59 are required to work part-time to receive food stamps, officially called the Supplemental Nutrition Assistance Program, or agree to accept a job if they’re offered one. Stricter rules apply to able-bodied adults 18-49, who are subject to a three-month limit of benefits unless they meet a work or job training requirement of 80 hours per month.

Under the new bill, the tougher requirement would be expanded to apply to all adults on SNAP, with exceptions for seniors, pregnant women, caretakers of children under the age of 6, or people with disabilities.

“It sets up a system for SNAP recipients where if you are able to work, you should work to get the benefits,” said Ryan. “And if you can’t work, we’ll help you get the training you need. We will help you get the skills you need to get an opportunity.”

The measure would have greatly expanded funding for state-administered job training programs, but Democrats and outside critics say the funding for the proposed additional job training would require huge new bureaucracies, extensive record-keeping requirements, and that the funding levels would fall far short of what’s enough to provide job training to everybody covered by the new job training requirements.

“While I agree that there are changes that need to be made to the SNAP program, this is so clearly not the way to do it,” said Rep. Colin Peterson of Minnesota, top Democrat of the Agriculture Committee. “The bill cuts more than $23 billion in SNAP benefits and will result in an estimated 2 million Americans unable to get the help they need.”

He said it “turns around and wastes billions … cut from SNAP benefits to create a massive, untested workforce training bureaucracy.”

Farm safety-net programs

In addition to food stamps, the measure would renew farm safety-net programs such as subsidies for crop insurance, farm credit and land conservation. Those subsidies for farm country traditionally form the backbone of support for the measure among Republicans, while urban Democrats support food aid for the poor.

On Thursday, supporters of the agriculture safety net easily defeated an attempt to weaken the government’s sugar program, which critics say gouges consumers by propping up sugar prices.

The measure mostly tinkered with farm programs, adding provisions aimed at boosting high-speed internet access in rural areas, assisting beginning farmers, and easing regulations on producers. But since the measure makes mostly modest adjustments to farm policy, some lawmakers believe that the most likely course of action this year is a temporary extension of the current measure, which expires at the end of September.

In the Senate, the chamber’s filibuster rules require a bipartisan process for a bill to pass. There, Agriculture Committee Chairman Pat Roberts, R-Kan., promises a competing bill later this month and he’s signaling that its changes to food stamps would be far more modest than the House measure.

Canada’s Trudeau Talks Tech at MIT Gathering

Canadian computer scientists helped pioneer the field of artificial intelligence before it was a buzzword, and now Prime Minister Justin Trudeau is hoping to capitalize on their intellectual lead.

Trudeau has become a kind of marketer-in-chief for Canada’s tech economy ambitions, accurately explaining the basics of machine learning as he promotes a national plan he says will “secure Canada’s foothold in AI research and training.”

“Tech giants have taken notice, and are setting up offices in Canada, hiring Canadian experts, and investing time and money into applications that could be as transformative as the internet itself,” Trudeau wrote in a guest editorial published this week in the Boston Globe.

Trudeau has been taking that message on the road and is likely to emphasize it again Friday when he addresses a gathering of tech entrepreneurs at the Massachusetts Institute of Technology. His visit to the MIT campus headlines an annual meeting of the school’s Solve initiative, which connects innovators with corporate, government and academic resources to help them tackle world problems.

Trudeau isn’t the only head of state talking up AI — France’s Emmanuel Macron and China’s Xi Jinping are among the others — but his deep-in-the-weeds approach has caught U.S. tech companies’ attention in contrast to President Donald Trump, whose administration “got off to a little bit of a slow start” in expressing interest, said Erik Brynjolfsson, an MIT professor who directs the school’s Initiative on the Digital Economy.

“AI is the most important technology for the next decade or two,” said Brynjolfsson, who attended the Trump White House’s first AI summit last week. “It’s going to completely transform the economy and our society in lots of ways. It’s a huge mistake for countries’ leaders not to take it seriously.”

Facebook, Google, Microsoft, Uber and Samsung have all opened AI research hubs centered in Montreal, Toronto and Edmonton, drawn in large part by decades of academic research into “deep learning” algorithms that helped pave the way for today’s digital voice assistants, self-driving technology and photo-tagging services that can recognize a friend’s face.

Canada’s reputation as a welcoming place for immigrants is also helping, as is Trudeau’s enthusiasm about the AI economy, Brynjolfsson said.

“When a national leader says AI is a priority, I think you get more creative, smart young people who will be taking it seriously,” he said.

AI is an “easy and recognizable shorthand” for the digital economy Trudeau hopes to foster, said Luke Stark, a Dartmouth College sociologist from Canada who studies the history and philosophy of technology.

A former schoolteacher, Trudeau is “smart enough to know when to learn something so he can talk about it intelligently in a way that helps educate people,” Stark said.

Stark said that also allows Trudeau to “push into the background some of the less high-tech, less fashionable elements of the Canadian economy,” such as the extraction of oil and gas.

The visit comes amid talks between Canada, the U.S. and Mexico over whether to renew the North American Free Trade Agreement. Negotiators have now gone past an informal Thursday deadline set by U.S. House Speaker Paul Ryan, increasing the likelihood that talks could drag into 2019.

China Ends US Sorghum Anti-Dumping Probe, OKs Toshiba Deal

China has dropped an anti-dumping investigation and given long awaited approval for the sale of Toshiba’s memory chip business, in gestures that could suggest a thaw between Beijing and the U.S. as trade talks resumed in Washington.

The Commerce Ministry said Friday ended the probe into imported U.S. sorghum because it’s not in the public interest. A day earlier, Beijing cleared the way for a group led by U.S. private equity firm Bain Capital to buy Toshiba Corp.’s computer memory chip business.

The moves signaled Beijing’s willingness to make a deal with Washington amid talks between senior U.S. and Chinese officials aimed at averting a trade war between the world’s two biggest economies, analysts say.

“I think China is willing to make concessions,” said Wang Tao, chief China economist at UBS. “The Chinese stance has been very clear, that China wants to mute any trade dispute. But of course it doesn’t mean China would heed to all the demands the U.S. would place.”

A White House official said China had offered to work to cut the trade deficit with the U.S. by $200 billion, while stressing that the details remained unclear. But China’s Foreign Ministry denied it.

“It’s untrue,” said spokesman Lu Kang. “The relevant discussion is still underway, and it is constructive.”

The Commerce Ministry said it was ending the anti-dumping probe and a parallel anti-subsidy investigation because they would have raised costs for consumers.

The U.S. is China’s biggest supplier of sorghum, accounting for more than 90 percent of total imports. China’s investigation, launched in February, had come as a warning shot to American farmers, many of whom support the Trump administration yet depend heavily on trade. They feared they would lose their largest export market for the crop, which is used primarily for animal feed and liquor.

The Commerce Ministry said that, “Anti-dumping and countervailing measures against imported sorghum originating in the United States would affect the cost of living of a majority of consumers and would not be in the public interest,” according to a notice posted on its website.

It said it had received many reports that the investigation would result in higher costs for the livestock industry, adding that many domestic pig farmers were facing hardship because of declining pork prices.

China’s U.S. sorghum imports surged from 317,000 metric tons in 2013 to 4.76 million tons last year while prices fell by about a third in the same period.

The ministry said any deposits for the preliminary anti-dumping tariffs of 178.6 percent, which took effect on April 18, would be returned in full.

The announcement came after President Donald Trump met at the White House with Chinese Vice Premier Liu He, the leader of China’s delegation for talks with a U.S. team headed by Treasury Secretary Steven Mnuchin.

Trump had told reporters earlier that he had doubts about the potential for an agreement. He also raised fresh uncertainty about resolving a case involving Chinese tech company ZTE, which was hit with a crippling seven-year ban on buying from U.S. suppliers, forcing it to halt major operations. Trump said the company “did very bad things” to the U.S. economy and would be a “small component of the overall deal.”

Song Lifang, an economics professor and trade expert at Renmin University, said haggling is currently underway.

“It’s time for both to present their demands, but it’s also a time to exhibit their bargaining chips,” said Song, adding that approval for the Toshiba deal, worth $18 billion, was “an apparent sign of thaw” amid a U.S. investigation into Chinese trade practices requiring U.S. companies to turn over their technology in exchange for access to China’s market.

The Trump administration has proposed tariffs on up to $150 billion in Chinese products to punish Beijing while China has responded by targeting $50 billion in U.S. imports. Neither country has yet imposed tariffs.

EU Mulls Direct Iran Central Bank Transfers to Beat US Sanctions

The European Commission is proposing that EU governments make direct money transfers to Iran’s central bank to avoid U.S. penalties, an EU official said, in what would be the most forthright challenge to Washington’s newly reimposed sanctions.

The step, which would seek to bypass the U.S. financial system, would allow European companies to repay Iran for oil exports and repatriate Iranian funds in Europe, a senior EU official said, although the details were still to be worked out.

The European Union, once Iran’s biggest oil importer, is determined to save the nuclear accord, that U.S. President Donald Trump abandoned on May 8, by keeping money flowing to Tehran as long as the Islamic Republic complies with the 2015 deal to prevent it from developing an atomic weapon.

“Commission President Jean-Claude Juncker has proposed this to member states. We now need to work out how we can facilitate oil payments and repatriate Iranian funds in the European Union to Iran’s central bank,” said the EU official, who is directly involved in the discussions.

The U.S. Treasury announced on Tuesday more sanctions on officials of the Iranian central bank, including Governor Valiollah Seif,. But the EU official said the bloc believes that does not sanction the central bank itself.

European Energy Commissioner Miguel Arias Canete will discuss the idea with Iranian officials in Tehran during his trip this weekend, the EU official said. Then it will be up to EU governments to take a final decision.

EU leaders in Sofia this week committed to uphold Europe’s side of the 2015 nuclear deal, which offers sanctions relief in return for Tehran shutting down its capacity, under strict surveillance by the U.N. nuclear watchdog, to stockpile enriched uranium for a possible atomic bomb.

Sanctions-blocking law

Other measures included renewing a sanctions-blocking measure to protect European businesses in Iran.

The Commission said in a statement it had “launched the formal process to activate the Blocking Statute by updating the list of U.S. sanctions on Iran falling within its scope,” referring to an EU regulation from 1996.

The EU’s blocking statute bans any EU company from complying with U.S. sanctions and does not recognize any court rulings that enforce American penalties. It was developed when the United States tried to penalize foreign companies trading with Cuba in the 1990s, but has never been formally implemented.

EU officials say they are revamping the blocking statute to protect EU companies against U.S. Iran-related sanctions, after the expiry of 90- and 180-day wind-down periods that allow companies to quit the country and avoid fines.

A second EU official said the EU sanctions-blocking regulation would come into force on August 5, a day before U.S.

sanctions take effect, unless the European Parliament and EU governments formally rejected it.

“This has a strong signaling value, it can be very useful to companies but it is ultimately a business decision for each company to make [on whether to continue to invest in Iran],” the official said.

Once Iran’s top trading partner, the EU has sought to pour billions of euros into the Islamic Republic since the bloc, along with the United Nations and United States, lifted blanket economic sanctions in 2016 that had hurt the Iranian economy.

Iran’s exports of mainly fuel and other energy products to the EU in 2016 jumped 344 percent to 5.5 billion euros ($6.58 billion) compared with the previous year.

EU investment in Iran, mainly from Germany, France and Italy, has jumped to more than 20 billion euros since 2016, in projects ranging from aerospace to energy.

Other measures proposed by the Commission, the EU executive, include urging EU governments to start the legal process of allowing the European Investment Bank to lend to EU projects in Iran.

Under that plan, the bank could guarantee such projects through the EU’s common budget, picking up part of the bill should they fail or collapse. The measure aims to encourage companies to invest.

Inventors Honored in Hall of Fame Special Ceremony

Thomas Edison, Henry Ford and Apple founder Steve Jobs are some of America’s best known inventors. But there are other, less recognizable individuals whose innovative products have greatly impacted our world. More than a dozen of them were recently honored for their unique contributions in a special ceremony at the National Inventors Hall of Fame Museum in Alexandria, Virginia. VOA’s Julie Taboh has more.

In the Name of Safety: NYC Tradition – Blessing of the Bikes

For almost 20 years, cyclists have gathered in New York’s Cathedral Church of St. John the Divine for what might seem like an unusual ceremony the blessing of the bikes. Held the day before the city’s Five Boro Bike Tour, the ceremony is meant to bring luck and safety to those who travel around the Big Apple on a bike. Evgeny Maslov has the story, narrated by Anna Rice.

Trump: Libya Is Not US Model for North Korea

U.S. President Donald Trump says the United States and North Korea are still making arrangements for a summit next month, despite tough rhetoric by officials on both sides. Trump denied his national security adviser’s claim that the U.S. would model a nuclear deal with North Korea after one reached in 2003 with Libya. John Bolton angered North Korean leaders with his tough talk regarding a possible denuclearization deal, and they threatened to cancel the summit. VOA’s Zlatica Hoke has more.

Silicon Valley Startup Peddles 3-D-printed Bike

After a career that included helping Alphabet’s Google build out data centers and speeding packages for Amazon.com to customers, Jim Miller is doing what many Silicon Valley executives do after stints at big companies: finding more time to ride his bike.

But this bike is a little different. Arevo, a startup with backing from the venture capital arm of the Central Intelligence Agency and where Miller recently took the helm, has produced what it says is the world’s first carbon fiber bicycle with 3-D-printed frame.

Arevo is using the bike to demonstrate its design software and printing technology, which it hopes to use to produce parts for bicycles, aircraft, space vehicles and other applications where designers prize the strength and lightness of so-called “composite” carbon fiber parts but are put off by the high-cost and labor-intensive process of making them.

Arevo on Thursday raised $12.5 million in venture funding from a unit of Japan’s Asahi Glass, Sumitomo’s Sumitomo Corp. of the Americas and Leslie Ventures. Previously, the company raised $7 million from Khosla Ventures, which also took part in Thursday’s funding, and an undisclosed sum from In-Q-Tel, the venture capital fund backed by the CIA.

Traditional carbon fiber bikes are expensive because workers lay individual layers of carbon fiber impregnated with resin around a mold of the frame by hand. The frame then gets baked in an oven to melt the resin and bind the carbon fiber sheets together.

Arevo’s technology uses a “deposition head” mounted on a robotic arm to print out the three-dimensional shape of the bicycle frame. The head lays down strands of carbon fiber and melts a thermoplastic material to bind the strands, all in one step.

The process involves almost no human labor, allowing Arevo to build bicycle frames for $300 in costs, even in pricey Silicon Valley.

“We’re right in line with what it costs to build a bicycle frame in Asia,” Miller said. “Because the labor costs are so much lower, we can re-shore the manufacturing of composites.”

While Miller said Arevo is in talks with several bike manufacturers, the company eventually hopes to supply aerospace parts. Arevo’s printing head could run along rails to print larger parts and would avoid the need to build huge ovens to bake them in.

“We can print as big as you want – the fuselage of an aircraft, the wing of an aircraft,” Miller said.

US Ends Practice That Gave Some Immigrants Reprieves from Deportation

U.S. Attorney General Jeff Sessions on Thursday barred immigration judges from a once-common practice of shelving deportation cases involving some immigrants with deep ties to the United States.

The practice known as administrative closure allowed judges to clear low-priority cases off their dockets, effectively letting some immigrants remain indefinitely in the United States despite their lack of legal status.

Under President Barack Obama there had been an effort to administratively close certain cases as a way of allowing judges to focus on higher-priority matters and reduce the immigration court backlog. More than 200,000 cases were closed during the last six years of his presidency.

The closures were routinely used for people without criminal backgrounds who had lived for many years in the United States, often with U.S. citizen children or spouses. In many cases, the immigrants became eligible for work permits.

The administration of President Donald Trump has taken a sharply different tack on immigration, declaring that all those in the country illegally, whether or not they pose a threat to public safety, are subject to deportation.

Since immigration courts fall under the jurisdiction of the Department of Justice, the attorney general can issue opinions in immigration cases to establish legal precedent for judges across the country and the Board of Immigration Appeals.

On Thursday, Sessions issued such an order in a case in which a judge had granted administrative closure for an unaccompanied minor from Guatemala.

Before Sessions’ ruling, the government or an immigrant could ask a judge to close a case. The attorney general ruled that judges “do not have the general authority to suspend indefinitely immigration proceedings by administrative closure.”

He said exceptions could be made in some cases, including when an immigrant has certain forms of legal status pending.

Sessions had already quietly been instituting the policy even before this announcement. Reuters reported last June that government prosecutors were moving to put cases that had been previously closed back on the court calendar.

Sessions acknowledged in the order, however, that recalendaring all cases that had been closed “would likely overwhelm the immigration courts.”

Immigration attorneys and advocates quickly criticized Sessions’ decision. The ruling was intended “to reduce immigration judges to deportation machines,” said Chuck Roth of the National Immigrant Justice Center.

Switzerland Seeks a Study of Starting Its Own Cryptocurrency

Switzerland’s government has requested a report into the risks and opportunities of launching its own cryptocurrency, a so-called “e-franc” that would use technology similar to privately launched coins like bitcoin but have backing of the state.

The lower house of the Swiss parliament must now decide whether to back the Federal Council’s request for a study into the subject, which has been discussed in Sweden.

Cryptocurrencies have drawn scrutiny from lawmakers and international governing bodies coming to grips with the technology’s rapid ascent. The coins use encryption and a blockchain transaction database designed to enable anonymous transactions that do not require centralized processing.

Other countries interested

Several countries have begun evaluating the viability of introducing their own state-backed digital currency, with Sweden’s Riksbank saying an e-crown might help counteract issues arising from declining cash use and help make payment systems more robust.

But existing digital currencies such as bitcoin have been hampered by extreme volatility, high-profile hacks and doubts about long-term viability. Venezuela has issued a state-backed coin, but major developed economies have so far steered clear.

The Bank of International Settlement in March warned central banks to think hard about potential risks and spillovers before issuing their own cryptocurrencies.

Swiss bank cautious

In Switzerland, if the proposal is approved, a study will be produced by the Swiss finance ministry. No timing has been given on when it would be published should the go-ahead be given.

Swiss lawmaker Cedric Wermuth, vice president of the Social Democratic Party, called for the study. In its response Thursday, the Swiss government, or Federal Council, backed the proposal to look into it, although it said there were hurdles.

“The Federal Council is aware of the major challenges, both legal and monetary, which would be accompanied by the use of an e-franc,” it said. “It asks that the proposal be adopted to examine the risks and opportunities of an e-franc and to clarify the legal, economic and financial aspects of the e-franc.”

The Swiss National Bank has so far been cautious on the issue. Private-sector digital currencies were better and less risky than any version that might be offered by a central bank, SNB governor Andrea Maechler said last month.

New US Sanctions Hit at Hezbollah-Linked Financier, Companies

The United States sought on Thursday to further choke off funding sources for Iranian-backed Hezbollah, imposing sanctions on its representative to Iran, as well as a major financier and his five companies in Europe, West Africa and the Middle East.

The U.S. Treasury said Mohammad Ibrahim Bazzi was a Hezbollah financier operating through Belgium, Lebanon and Iraq, and was a close associate of Gambia’s former president Yahya Jammeh, who is accused of acquiring vast wealth during his decades-long rule.

It also imposed sanctions on Hezbollah’s representative to Iran, Abdallah Safi Al-Din, who it said served as an interlocutor between Hezbollah and Iran on financial issues.

The department said it had blacklisted Belgian energy services conglomerate Global Trading Group; Gambia-based petroleum company Euro African Group; and Lebanon-based Africa Middle East Investment Holding, Premier Investment Group SAL Offshore and import-export group Car Escort Services. All were designated because they are owned or controlled by Bazzi, the Treasury said.

“The savage and depraved acts of one of Hezbollah’s most prominent financiers cannot be tolerated,” U.S. Treasury Secretary Steven Mnuchin said in a statement.

“This administration will expose and disrupt Hezbollah and Iranian terror networks at every turn, including those with ties to the Central Bank of Iran,” he said.

The sanctions are among a slew of fresh measures aimed at Iran and Hezbollah since U.S. President Donald Trump withdrew from the Iran nuclear deal last week.

U.S. Secretary of State Mike Pompeo is set to outline in a speech in Washington on Monday plans by the United States to build a coalition to look closer at what it sees as Iran’s “destabilizing activities,” spokeswoman Heather Nauert told reporters at the State Department.

In one of the biggest moves this week aimed at clamping down on Iran’s overseas operations, the Treasury sanctioned Iran’s central bank governor, Valiollah Seif.

On Wednesday, the United States, backed by Gulf States, imposed additional sanctions on Hezbollah’s top two leaders, Sayyed Hassan Nasrallah and Naim Qassem.

UN Forecasting Global Economy Will Expand by Over 3 Percent

The United Nations is forecasting that the global economy will expand by more than 3 percent this year and next year — but it warns that increasing risks could trigger “a shock to investment and trade” and a sharp drop to 1.8 percent growth in 2019.

 

The U.N.’s mid-year report on the World Economic Situation and Prospects launched Thursday says growth in the world economy is surpassing expectations, reflecting further economic expansion in developed countries and broadly favorable investment conditions.

 

However, the report said, “downside risks” have increased including “a rise in the probability of trade conflicts between major economies.”

 

Dawn Holland, chief of the U.N.’s Global Economic Monitoring Branch, cited the Trump administration’s imposition of tariffs in January and proposed new tariffs against China as well as the renegotiation of the U.S. trade agreement with Mexico and Canada, which has left “a void of uncertainty.”

 

There are also negotiations between the European Union and the United States partly linked to tariffs on steel, she said, and an increasing number of disputes have been raised with the World Trade Organization over the last six months.

 

The report said other factors also pose risks including uncertainty over monetary policy, increasing debt levels, and greater geopolitical tensions including in the Korean peninsula, Middle East, South China Sea and Ukraine.

 

But the U.N.’s assessment was generally upbeat citing continued economic improvements over the last several months including accelerating wage growth, improved investment prospects, and the short-term impact of the U.S. fiscal stimulus package.

 

“Many commodity-exporting countries will also benefit from the higher level of energy and metal prices,” the report said.

 

According to the U.N., world growth is now forecast to reach 3.2 percent in both 2018 and 2019, up from its forecast in December of 3 percent growth this year and 3.1 percent next year.

 

While many countries will experience growth, the report said output is expected to decline in central Africa and southern Africa, the report said. And the forecast for economies in transition including Russia and the world’s poorest countries have been revised “marginally downward” for 2018.

 

Assistant Secretary-General for Economic Development Elliott Harris cautioned, however, that “there is a strong need not to become complacent in response to upward trending headline figures.”

 

The report not only highlights the risks to economic growth but “the need to urgently address a number of policy challenges, including threats to the multilateral trading system, high inequality and the renewed rise in carbon emissions,” he told a press conference launching the report.

 

And it warned that if trade tensions and barriers were to “spiral over the course of 2018, through widespread retaliations and extensive disruption to global value chains, this could trigger a sharp drop in global investment and trade.”

Iran Signs Oil Deal With UK Group as France’s Total Exits

Iranian state TV is reporting that the country has signed an agreement with a British consortium to develop an oil field, just as another major company, France’s Total, says it will withdraw from Iran because of the renewed U.S. sanctions.

The new agreement is the first between Iran and a company from a key Western ally of the United States since Washington last week announced it will pull out of the landmark 2015 nuclear deal between Iran and Western powers. The U.S. said it was reinstalling sanctions against Iran.

Managing Director of Pergas International Consortium Colin Rowley, and Bijan Alipour, managing director of National Iranian South Oil Co., signed a preliminary deed on the partnership in the presence of British Ambassador Rob Macaire in Tehran on Wednesday night.

The project, if the agreement turns into a contract, will require more than $1 billion to produce 200,000 barrels of crude oil per day during the next decade in the 55-year old Karanj oil field. The oil field is located in the country’s oil-rich province and currently produces 120,000 barrels of crude per day.

The U.S. sanctions aim to limit companies from any country from dealing with Iran by prohibiting them from using American banks in their operations. Pergas seems to do little business in the U.S., potentially giving it more freedom to operate in Iran.

Its move contrasts with the decision by French oil and gas producer Total to not continue a multi-billion dollar project in Iran unless it is granted a waiver by U.S. authorities.

The group said in a statement Wednesday that it “cannot afford to be exposed to any secondary sanction” including the loss of financing by American banks.

Total wants U.S. and French authorities to examine the possibility of a specific project waiver.

The 2017 contract for new development at the vast South Pars gas field was the first major gas deal signed with Iran following the 2015 nuclear deal.

Major European powers and Tehran committed this week to keep working together to save the Iran nuclear deal.

EU to Trump: Stop Threatening Us with Tariffs

The European Union has called on U.S. President Donald Trump’s administration to stop threatening it with tariffs on steel and aluminum, saying Thursday it is prepared to discuss trade — but not at gun-point.

 

In March, Trump slapped tariffs of 25 percent on steel imports and 10 percent on imported aluminum, but granted the 28 EU countries a temporary exemption until June 1. He also temporarily exempted big steel producers Canada and Mexico, provided they agree to renegotiate a North American trade deal to his satisfaction.

 

“It’s Europe’s economic sovereignty, and what we are demanding is that we are exempted without conditions or time limits,” French President Emmanuel Macron said in Bulgaria, where EU leaders have gathered for a summit with Balkans countries.

 

Convinced that the U.S. move breaks global trade rules, the EU has drawn up a list of “rebalancing” duties worth some 2.8 billion euros ($3.4 billion) to impose on U.S. products if it is not permanently exempt. It has vowed not to negotiate under threat.

 

“I don’t think we have to consider this or that, when it contravenes the laws of international trade,” Macron said.

 

But he added: “We can improve things, in a peaceful setting.”

 

German Chancellor Angela Merkel echoed his remarks.

 

“We have a common position: we want an unlimited exemption, but are then prepared to talk about how we can reciprocally reduce barriers for trade,” she told reporters in the Bulgarian capital Sofia.

 

Should the exemptions be dropped, the EU stands ready to deepen trans-Atlantic energy cooperation, notably on liquefied natural gas, improve reciprocal market access for industrial products and work together to reform the rules of the World Trade Organization.

 

The EU rejects Trump’s assertion that the tariffs are needed for U.S. national security and sees them as protectionist measures meant to boost local businesses. Most EU countries are U.S. allies in the world’s biggest security organization, NATO.

 

 

 

 

Young Girls Get a Head Start for a Life in Politics

Here in the United States, campaigning has begun for the 2018 midterms in November, and President Donald Trump has announced his slogan for what he says will be his 2020 re-election campaign. But at one Summer Camp in Washington, young Maira Phillips is getting ready for her White House run, about 27 years from now. Faith Lapidus explains.