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Europe can import disillusioned talent from Trump’s US, says Lagarde

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Europe can import disillusioned talent from Trump’s US, says Lagarde

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Europe may be able to attract disillusioned “talent” from across the Atlantic following Donald Trump’s election, the European Central Bank president has suggested, as she called on the continent to better recognise its economic strengths. 

Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US. 

Without making a direct reference to Trump, the French central banker indicated that some US residents might be attracted to Europe in the wake of the US inauguration. 

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“We need to keep the talent at home. We need to keep the savings at home. Maybe it is also time to import a few of the talents that would be disenchanted, for one reason or the other, from another side of the sea,” she said.  

Trump’s re-election has led some US citizens and residents to consider leaving the country, with lawyers in the UK reporting an influx of interest from liberal Americans in relocating.

Lagarde’s words came on the closing day of the World Economic Forum in Davos, during which investors and executives highlighted the contrast between the upbeat mood about the US economy and deep pessimism about Europe’s weak growth prospects. 

Speaking alongside Lagarde on a panel, Larry Fink, chief executive of BlackRock, said he believed that there was too much pessimism in Europe and it was probably time to be investing back into the continent. 

Lagarde said that the EU faced “existential threats” but that this should act as a wake-up call for its leaders to take action to strengthen the bloc.

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She said the positive scorecard for the Eurozone included a relatively low overall government deficit at about 3 per cent of GDP, and her “strong confidence” that annual inflation, which was 2.4 per cent in December, was more likely to decline than to reaccelerate.  

Lagarde acknowledged that some executives were “not very upbeat” about European prospects, but she argued the continent could respond to its economic challenges if its leaders “actually get their act together”. 

Among the changes that could benefit Europe are Trump’s decision to suspend the disbursement of some funds under the Inflation Reduction Act, which has served as an important lure for European companies seeking to set up manufacturing projects in the US. 

Andy Marsh, chief executive of Plug Power — a US clean hydrogen developer and parts manufacturer that secured a $1.66bn loan from the Department of Energy Loan Programs Office in the final hours of the Biden administration — warned that a prolonged pause in clean tech funding would force companies to move investments elsewhere.

“We’re going to go where there’s markets,” said Marsh. “If there’s more interest for our products because of policy in Europe and Australia, we’ll spend more time in Europe and Australia. I think that would be the approach most companies would take.”

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Despite an expected slowdown in investments in green tech, economists believe the US remains a more attractive destination for investors’ capital than Europe.

“You’ve got a relative growth story in the US, you’ve got subsidised or cheap energy for heavy industry, and you’ve got direct pressures on Europe — and a few other places — from Trump saying that to sell in America, companies will have to produce here,” said Adam Posen, director of the Peterson Institute for International Economics think-tank.

“Irrespective of anything, you’re going to have a huge surge of foreign direct investment [in the US] over the next year or two.” 

European politicians in Davos have also been arguing that Trump’s vows to erect trade barriers open an opportunity for the EU to strengthen its ties with other countries around the world. Lagarde said that the Europeans had learnt after the second world war that “you cannot go alone” and they instead needed to sit at the table and co-operate. 

She said: “What is happening outside Is a challenge but also a big opportunity for revisiting and deciding whether or not Europe wants to be a key player,” Lagarde said. “I am contending it has the talent, and it has the means and it has the ambition.”

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Fink, despite his optimism that the investment case for Europe had grown, said Europe was a “myth” because the single market was incomplete, including in financial services.

Lagarde disagreed. “Europe is not a myth. It is not a basket case. It’s a fantastic case for transformation.”

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Waymo called the cops on teen riders, raising privacy concerns

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Waymo called the cops on teen riders, raising privacy concerns

A Waymo robotaxi drives in San Francisco’s North Beach neighborhood this week.

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Police in San Mateo, Calif., posted Monday on social media that they had apprehended a pair of teenagers from a Waymo driverless robotaxi after the company alerted authorities to suspected criminal activity. It’s the latest incident involving video surveillance of passengers and others by autonomous vehicles — raising questions about the limits of privacy in such vehicles.

The Facebook post by the San Mateo County Police said: “Parents do you know where your teens are? @waymo does!”

The 15-year-olds were allegedly drinking alcohol and shooting toy guns from the car, according to the police. They said Waymo’s systems detected behavior that then triggered a safety response, after which the company disabled the vehicle and contacted police.

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Waymo’s cars, equipped with an array of cameras, microphones and other sensors to monitor passengers and other nearby vehicles, are becoming more common in cities across the United States. Experts say the detention of the two teens in San Mateo highlights a potential — but not inevitable — trade-off between privacy and convenience. It also questions the extent to which companies similar to Waymo are required to hand over private data, including audio and video of passengers, in situations where a crime is suspected.

NPR reached out to Waymo, which is owned by Alphabet, the parent company of Google, for comment on the details of the San Mateo incident and how the company responded, but did not hear back. But on its website, the company says that as many as 29 cameras in its autonomous cars provide an all-around view and “are designed with high dynamic range and thermal stability, to see in both daylight and low-light conditions, and tackle more complex environments.”

“There already exist laws that govern duty to report or even duty to protect” for carriers such as Waymo, according to Alessandro Acquisti, a professor of information technology at the MIT Sloan School of Management. “The privacy problems arise when and if driverless carrier companies used such laws or ethical obligations as a pretext for blanket, indiscriminate accumulation of identifiable data for unspecified future purposes.”

That includes not just monitoring people inside the cars, but outside too. Take, for example, a hit-and-run investigation last year in Los Angeles. Media reported that the police inquiry was aided by video captured by a Waymo taxi that had a clear view of the crime. Critics suggested at the time that authorities were using the company’s vehicles as a mobile surveillance platform. And during 2025 protests in Los Angeles against Immigration and Customs Enforcement crackdowns, demonstrators vandalized Waymos, apparently angry that video recorded by the vehicles could be used by police, although there is no evidence that happened.

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Trump fires last members of election commission, inciting fears of midterm ‘chaos’

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Trump fires last members of election commission, inciting fears of midterm ‘chaos’

Donald Trump has terminated the remaining members of the independent, federal commission that assists election administration officials nationwide just a few months before the midterm elections, multiple outlets reported Thursday.

The remaining three commissioners of the four-member bipartisan commission ⁠were forced out on Thursday in different ways. The one Republican appointee resigned and the other ⁠two, Democratic appointees were notified of their terminations via email from ​the White House presidential personnel office.

“On ‌behalf of President ‌Donald J Trump, I am writing to inform you that your position ‌as Commissioner of the Election Assistance Commission is terminated, effective immediately. Thank you for your service,” the email, seen by Reuters, said.

The White House did not immediately respond to a request for comment.

The Election Assistance Commission serves as a “national clearinghouse of information on election ‌administration”, accredits testing laboratories and certifies voting systems, and maintains the national mail-voter registration form developed by the National ​Voter Registration Act of 1993, according to the commission’s website. The terminations follow Trump and top administration officials’ advocacy to change vote-by-mail requirements and investigations into the 2020 election outcome, which Trump lost to Democrat Joe Biden.

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“It is ⁠irresponsible and dangerous that this Administration remains dead set on ​causing chaos for ​our election officials across this ​country,” Arizona secretary of state Adrian Fontes said in a ​Thursday statement. “This ‌move undermines the integrity ​of nonpartisan ​election administration.”

The 2002 law that established the commission, the Help America Vote Act, states the president can appoint replacements to the commission.

It is unclear how Trump will move ahead with the commission.

Reuters contributed reporting

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Former Olympian pleads not guilty in reflecting pool vandalism charges

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Former Olympian pleads not guilty in reflecting pool vandalism charges

Former U.S. Olympian David Hearn (left) walks with his attorney Norman Eisen to speak to reporters and protesters gathered after his arraignment at the Superior Court of the District of Columbia in Washington, D.C. on Thursday.

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Former U.S. Olympic canoeist David Hearn pleaded not guilty to damaging the Lincoln Memorial Reflecting Pool in D.C. Superior Court Thursday morning.

Federal prosecutors charged Hearn with a single count of destruction of property causing more than $1,000 in damage to the pool.

Hearn has previously claimed, which his attorneys repeated during a short press conference outside the court, that he simply touched the water in the pool out of curiosity.

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The Trump administration had just completed a $14 million renovation of the pool.

But shortly after the work finished, peeling paint and algae gathered in the water. The remodel has been largely criticized as a massive failure and waste of taxpayer dollars.

Superior Court Judge Carmen McLean released Hearn on his own recognizance. His next hearing is scheduled for Aug. 5.

Norm Eisen, one of Hearn’s attorneys, spoke to reporters outside of court following the hearing. He said the administration is using Hearn as a “scapegoat … for their own failures.”

“It is not a crime to touch the reflecting pool, to touch water in the United States of America,” he said.

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Prosecutors say there is a host of evidence against Hearn.

This is a developing story.

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