Connect with us

News

Poland's president visits Donald Trump as allies eye a possible return

Published

on

Poland's president visits Donald Trump as allies eye a possible return

Republican presidential candidate former President Donald Trump walks with Poland’s President Andrzej Duda at Trump Tower in midtown Manhattan in New York on Wednesday, April 17, 2024.

Stefan Jeremiah/AP


hide caption

toggle caption

Advertisement

Stefan Jeremiah/AP


Republican presidential candidate former President Donald Trump walks with Poland’s President Andrzej Duda at Trump Tower in midtown Manhattan in New York on Wednesday, April 17, 2024.

Stefan Jeremiah/AP

Former President Donald Trump met Wednesday in New York with Polish President Andrzej Duda, the latest in a series of meetings with foreign leaders as Europe braces for the possibility of a second Trump term.

The presumptive Republican nominee hosted Duda at Trump Tower, where the two discussed the war in Ukraine and Duda’s push to boost NATO members’ defense spending, according to a readout from Trump’s campaign. Duda, who has long expressed admiration for Trump, is also a staunch supporter of Ukraine and has encouraged Washington to provide more aid to Kyiv amid Russian’s ongoing invasion. That funding has been held up by Trump allies in Congress.

Advertisement

As he arrived, Trump praised the Polish president, saying, “He’s done a fantastic job and he’s my friend.”

“We had four great years together,” Trump added. “We’re behind Poland all the way.”

Following the almost 2 1/2 hour meeting, Duda said only that it was a “friendly meeting in very nice atmosphere.”

His aide, Wojciech Kolarski, also in attendance, described it as an “excellent meeting” of “two friends who reminisced on the time when for four years they cooperated while holding presidential offices,” a time that was “very fruitful for Polish-U.S. relations.”

Duda is the latest foreign leader to meet with Trump in the weeks since he locked up the Republican nomination. U.S. allies across the world were caught off guard by Trump’s surprise 2016 win, forcing them to scramble to build relationships with a president who often attacked longstanding treaties and alliances they valued. Setting up meetings with him during the 2024 campaign suggests they don’t want to be behind again.

Advertisement

Even as he goes on trial for one of the four criminal indictments against him, Trump and Democratic President Joe Biden are locked in a rematch that most observers expect will be exceedingly close in November.

While some in Poland worried the visit might damage the country’s relationship with Biden, Sen. Chris Murphy, D-Conn. — a Biden ally and a major voice in his party on foreign affairs — said such meetings make sense.

“The polls are close,” he said. “If I were a foreign leader — and there’s a precedent attached to meeting with candidates who are nominated or on the path to being nominated — I’d probably do it too.”

Murphy noted that former President Barack Obama did a lengthy international tour and met with foreign leaders when he first ran for the White House. So did Mitt Romney, the former Massachusetts governor, who challenged Obama in 2012 and whose trip included a stop in Poland’s capital, Warsaw.

Duda’s visit comes a week after Trump met with British Foreign Secretary David Cameron, another NATO member and key proponent of supporting Ukraine, at the former president’s Florida estate.

Advertisement

In March, Trump hosted Hungarian Prime Minister Viktor Orbán, an autocrat who has maintained the closest relationship with Russia among European Union countries. Orbán shared a montage of footage of the visit on his Instagram feed, which included an image of him and his staff meeting with Trump and the former president’s aides in a scene that looked like an official bilateral meeting.

Trump also met briefly in February with Javier Milei, the fiery, right-wing populist president of Argentina who ran a campaign inspired by Trump, complete with red “Make Argentina Great Again” hats. Milei gave Trump an excited hug backstage at the annual Conservative Political Action Conference outside Washington, according to video posted by a Trump campaign aide.

Biden administration officials have been careful not to weigh in publicly on foreign leaders’ meetings with Trump, acknowledging he has a real chance of winning the race.

While some officials have privately expressed frustration with such meetings, they are mindful that any criticism would open the U.S. to charges of hypocrisy because senior American officials, including Secretary of State Antony Blinken, meet frequently with foreign opposition figures at various forums in the United States and abroad.

Security and policy officials monitor the travel plans of foreign officials visiting the U.S., but generally don’t have a say in where they go or with whom they meet, according to an administration official who spoke on the condition of anonymity to discuss protocol.

Advertisement

Trump has been back in his hometown this week for the start of his criminal hush money trial, which has dramatically limited his ability to travel and campaign. While in town, aides have been planning a series of events that began Tuesday evening when Trump, after court adjourned, stopped by a Harlem bodega where a man was killed to rail against crime, and to blast the district attorney who made him the first former president in U.S. history to stand criminal trial.

Duda, a right-wing populist who once proposed naming a military base in his country “Fort Trump,” described the dinner earlier Wednesday as a private get-together between friends at Trump’s former residence while he is in town for meetings at the United Nations, where Duda is to deliver a speech.

“I have been invited by Mr. Donald Trump to his private apartment,” Duda told reporters, saying it was “a normal practice when one country has good relations with another country” to want those relations to be as strong as “possible with the representatives of various sides of the political stage.”

“We know each other as people. Like two, I can say in some way, friends,” said Duda, whose term ends in 2025.

Duda’s visit comes as House Republicans wrangle over a $95 billion foreign aid bill that would provide new funding to Ukraine, including money for the U.S. military to replace depleting weapon supplies. Polish leaders have been urging the House to approve the aid bill and ease domestic concerns.

Advertisement

Many Trump allies in the House are fiercely opposed to aiding Ukraine, even as the country warns that it is struggling amid a fresh Russian offensive. Trump has said he might be open to aid in the form of a loan.

One area where Trump and Duda agree when it comes to the conflict is a desire to push NATO members to increase their defense spending. Duda has called on fellow members of the alliance to raise their spending to 3% of gross domestic product as Russia continues its invasion of Ukraine. That would represent a significant increase from the current commitment of 2% by 2024.

Trump, in a stunning break from U.S. precedent, has long been critical of the Western alliance and has threatened not to defend member nations that do not hit that spending goal. That threat strikes at the heart of the alliance’s Article 5, which states that any attack against one NATO member will be considered an attack against all.

In February, Trump went even further, recounting that he’d once told leaders that he would “encourage” Russia to “do whatever the hell they want” to members that are — in his words — “delinquent.”

Trump’s campaign said the two discussed the NATO proposal during the meeting. The two also discussed Israel and the Middle East, Trump’s 2017 trip to Warsaw, “and many other topics having to do with getting to world peace,” the campaign said in its readout, which described the men as “great friends.”

Advertisement

The visit was met with mixed reaction in Poland, where fears of Russia run high and Duda’s friendly relationship with Trump has been a source of controversy.

Poland’s centrist Prime Minister Donald Tusk, a political opponent of Duda, was critical of the dinner but expressed hope that Duda would use it as an opportunity “to raise the issue of clearly siding with the Western world, democracy and Europe in this Ukrainian-Russian conflict.”

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News

Amazon profits may have tripled but don’t expect a dividend

Published

on

Amazon profits may have tripled but don’t expect a dividend

Unlock the Editor’s Digest for free

The lesson from tech company earnings so far this year is that selling the infrastructure needed to build artificial intelligence services remains far more lucrative than selling the AI services themselves. Cloud computing divisions at Alphabet and Microsoft surpassed results in other parts of the business. Amazon makes it a hat-trick. 

Amazon Web Services, the world’s largest cloud computing business, now has a $100bn annual run rate. In the past quarter it accounted for 17 per cent of total revenue but more than 61 per cent of total operating income. This performance drove overall profit at the company. 

During the pandemic, Amazon’s huge expansion of warehouses, delivery infrastructure and headcount lifted operating expenses sharply just as revenue growth dimmed. Free cash flow was negative in 2021 and 2022. In response, it increased its debt and tightened up costs. Those moves are now paying off. In the quarter, the Seattle-based ecommerce and cloud company’s operating income and net income tripled. Trailing 12-month free cash flow topped $50bn. 

Advertisement

The unanswered question is whether Amazon is on the cusp of another vast spending plan. It says that it plans to pay down debt and increase capital investment this year. But in a call with analysts, chief executive Andy Jassy was careful not to be drawn on questions of capital investment intensity and the long-term impact on profits. He may have been wary of reproducing the sort of downbeat share price reaction that Meta’s spending plans received last week.

Capital expenditure will rise this year. Amazon is pouring more money into data centres. But it is not clear how much it wants to spend on its own AI tools. It has positioned itself as a platform for multiple AI models but is also offering its own generative AI services to enterprise customers. It has expanded access to Q, a chatbot designed to act as an AWS assistant. At $20 per user a month this is cheaper than Microsoft’s Copilot or Google’s Duet AI. But Amazon offered little guidance about future revenue streams.

The second lingering question is how long it will be before Amazon joins Meta, Alphabet, Microsoft, Nvidia and Apple is paying a dividend. Those companies use the payments to prove they have the near-term interests of shareholders at heart even as they accelerate long-term spending plans. At Amazon, however, the resurgence of free cash flow is still fresh. Dividend payments may not be on the cards for 2024.

elaine.moore@ft.com

Advertisement
Continue Reading

News

Democrats win a New York special election, further narrowing the House GOP's majority

Published

on

Democrats win a New York special election, further narrowing the House GOP's majority

That still did not deter Kennedy from running in the special election or for a full term in November.

“The dysfunction has become an embarrassment across this country and across the global community,” Kennedy said in a phone interview on Monday. “And we have to restore honor and civility and functionality back into the halls of the House of Representatives.”

Kennedy’s victory on Monday was no surprise — President Joe Biden won the district by 23 percentage points in 2020, according to calculations from Daily Kos Elections, and the district has twice as many registered Democrats than Republicans.

That means Democrats are favored to hold onto the seat in November. Kennedy will first have to win the June primary to run for a full term, but he could have that race to himself.

Former Grand Island Town Supervisor Nate McMurray, who ran unsuccessfully in a neighboring congressional district, is also looking to run. But Kathleen McGrath, a spokesperson for the state Board of Elections, wrote in an email there are multiple objections to McMurray’s petition signatures, and that ballot access will be determined at a Wednesday meeting. Kennedy had also filed a lawsuit challenging McMurray’s signatures.

Advertisement

“I’m looking forward to working with my colleagues to deliver for the people of this country and making sure that the House of Representatives is more reflective of the people,” Kennedy said of his campaign for a full term. “And I believe going into November, we have the moral high ground here to take back the House as Democrats. I believe the people of this country are sick and tired of seeing the dysfunction in the chaos that’s reigning under MAGA Republican control in the House.”

Kennedy will likely be a reliable Democratic vote in the House, focusing his campaign on core party issues including protecting Social Security and Medicare, defending democracy, and codifying the right to an abortion into federal law.

A practicing Catholic, Kennedy said back in 2014 that his views on abortion had “evolved,” and now is calling for federal law to reflect the abortion protections in New York State law.

Kennedy was among the state legislators who voted in 2019 to protect the right to an abortion in New York up to 24 weeks of pregnancy, with exceptions for a non-viable fetus and when a patient’s health is at risk.

“I believe that a woman’s right to make health care decisions about her own body ought to be made between a woman, her family and her doctor,” Kennedy said. “And if we do not allow for that scenario to play out, and if we restrict and ban abortion across this country, women will die.”

Advertisement

Kennedy had the endorsement of the American Israel Public Affairs Committee’s political arm in the race. He reiterated his support for Israel, while also calling for civilians to be protected in the country’s war against Hamas.

Continue Reading

News

Elon Musk fires Tesla’s entire supercharger team

Published

on

Elon Musk fires Tesla’s entire supercharger team

Unlock the Editor’s Digest for free

Elon Musk has shut down the division that runs Tesla’s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp downturn in the EV market.

Musk announced internally on Monday that the head of the superchargers group, Rebecca Tinucci, and Daniel Ho, head of new products, would be leaving along with their entire teams. About 500 people were in the supercharger group, the memo said.

Tesla’s supercharger system is among the largest charging networks in the world, and was one the reasons the company enjoyed such a commanding lead over rival carmakers for so long. While the supercharger operations will continue, the move raises questions over the future of the charging business.

Advertisement

The entire public policy unit will also be disbanded following the departure of its leader, Rohan Patel, in the middle of April.

“Hopefully these actions are making it clear that we need to be absolutely hard core about headcount and cost reduction,’ Musk wrote in the memo, which was first reported by The Information. “While some execstaff are taking this seriously, most are not yet doing so.”

Any manager “who retains more than three people who don’t obviously pass the excellent, necessary and trustworthy test” should resign, he added.

Tesla did not respond to a request for comment.

The latest dismissals at the company come after Musk announced last month that the carmaker would cut “more than 10 per cent” of its total workforce, more than 14,000 jobs, in order to be “lean, innovative and hungry”.

Advertisement

The urgency of the shift was underlined by Tesla reporting a decline of almost 10 per cent in revenues in the first quarter of this year, its first year-on-year quarterly drop since the start of 2020. The share price has more than halved from its November 2021 peak of just under $410 a share.

The decision took staff by surprise. Will Jameson, who worked in the Tesla supercharger team, wrote on X that Musk “has let our entire charging org go”. Another employee of that division, George Bahadue, posted on LinkedIn confirming he had been let go.

He added: “What this means for the charging network, [North American Charging Standard] NACS, and all the exciting work we were doing across the industry, I don’t yet know. What a wild ride it has been.”

When Jameson was asked by a reader on X why the entire division had been let go, he replied “your guess is as good as mine”.

Musk said in the memo that superchargers sites currently under construction would be finished and “some” new locations would be constructed.

Advertisement

The surprise move comes despite Tesla having built the dominant EV charging network with 50,000 sites globally and 15,000 in North America. Recently it has signed contracts with several key rivals including Ford, General Motors and Rivian to use its NACS charging standard.

Models from other carmakers will be able to use its branded charging stations, potentially bringing Tesla significant revenue stream, as well as establishing it as the de facto industry standard.

Tinucci, Ho and Patel are not the only long-standing Musk lieutenants to leave this year. Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, resigned in April and Martin Viecha, its head of investor relations, said he would step down on the company’s first-quarter earnings call last week.

Advertisement
Continue Reading

Trending