Hungary's Orban says EU plan to ban Russian energy imports must be prevented
The European Commission will next month propose legal measures to phase out the EU's imports of all Russian gas and liquefied natural gas by the end of 2027, the body said earlier in May. Member states Slovakia and Hungary, which rely on Russian oil and gas supplies, have opposed the proposed ban.
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The Independent
17 minutes ago
- The Independent
Hillary Clinton says she'd nominate Trump for the Nobel Peace Prize if he helps broker a deal to end Ukraine war
Hillary Clinton said on Friday she would nominate President Donald Trump for his long-awaited Nobel Peace Prize if he could broker a peace deal between Russia and Ukraine that did not 'capitulate' to Russian President Vladimir Putin. Clinton, the former secretary of state who once ran a campaign against Trump, issued her bold declaration on the Raging Moderates podcast to incentivize the president not to give in to the Russian president's demands. 'I understand, from everything I read, that he would very much like to receive the Nobel Peace Prize, ' Clinton told co-host Jessica Tarlov. 'If he could end it, without putting Ukraine in a position where it had to concede its territory to the aggressor, had to, in a way, validate Putin's vision of greater Russia, but instead could really stand up to Putin…. I'd nominate him for a Nobel Peace Prize.' Clinton said the president has an opportunity to be the 'architect' of a peace deal that would not give Putin any of Ukraine's territory or allow Russian troops to remain in areas it has already seized. 'If we could pull that off, if President Trump were the architect of that, I'd nominate him for a Nobel Peace Prize because my goal here is to not allow capitulation to Putin, aided and abetted by the United States,' Clinton added. Clinton's comments arise as Trump is set to meet with Putin in Alaska, presumably to discuss peace deal negotiations to end the war that Russia began in Ukraine three and a half years ago. Trump has long sought to broker a deal between the two countries, even making it a campaign promise. However, he's struggled to get Russia to meaningfully engage in peace talks and has hit several bumps with Ukrainian President Volodymyr Zelensky.
Reuters
18 minutes ago
- Reuters
StanChart shares fall 7% after U.S. lawmaker calls for probe
LONDON, Aug 15 (Reuters) - Shares in Standard Chartered (STAN.L), opens new tab fell 7% on Friday after a U.S. Republican lawmaker wrote to the Attorney General Pam Bondi asking for action to be taken against the bank over alleged "ongoing sanctions evasion". Elise Stefanik, a New York Republican, requested in a letter shared on the X social media platform and published on her website that a special attorney be appointed to look into Standard Chartered's alleged failings. Standard Chartered did not immediately respond to a request for comment. The bank's shares, which had been about 1.5% lower earlier on Friday, plunged and were last down 7% at 1433 GMT. One trader linked the share move to the letter. Like other European lenders, Standard Chartered's stock has risen sharply this year and hit a near 12-year high earlier this week.
Reuters
18 minutes ago
- Reuters
U-Blox says it is in talks with suitor Advent over a takeover
Aug 15 (Reuters) - Switzerland's U-Blox Holding (UBXN.S), opens new tab, a maker of microchips and software for car navigation, said on Friday that it was in talks with Advent International about being taken over by the private equity firm. "Whether a transaction will materialize is open at this stage," the company said in a statement. Bloomberg earlier reported on the talks over an acquisition deal that could value U-Blox at more than 1 billion Swiss francs ($1.24 billion). The shares were up 19% at 1422 GMT at a three-year high, for a total market value of about 1 billion Swiss francs The Swiss technology group, which went public in 2007, said last week it cut its first-half loss before interest and tax to 7.7 million francs from a loss of 28 million a year earlier. It cited cost cuts and higher revenues that jumped 32% to 123.4 million francs. Earlier this year, the company sold a unit making cellular modules for wireless communication to focus on fast-growing navigation and positioning technology used in cars, robots and farm equipment. Advent did not immediately respond to requests for comment. ($1 = 0.8048 Swiss francs)
