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Macron offers to aid in Greenland's security amid Trump threats

Macron offers to aid in Greenland's security amid Trump threats

Yahoo16-06-2025
(Bloomberg) — President Emmanuel Macron said France would be available to conduct joint exercises to improve security in Greenland, the Danish territory coveted by US President Donald Trump.
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'Greenland is subject to preying ambitions,' Macron told reporters in Nuuk, Greenland, Sunday alongside Danish Prime Minister Mette Frederiksen. 'Everyone thinks — in France and in the EU — that Greenland shall neither be sold nor taken.'
The French President said a US annexation would be a 'crazy' scenario and called for joint exercises in the Arctic region, including Baltic and Nordic states, with Canada and even with the US.
The US president has cited national security as a reason to acquire the semi-autonomous island and criticized Denmark for not investing enough in its defense of the territory, which has a strategic location straddling the North Atlantic and the Arctic. It's already home to a US air base and radar station used to detect missile threats and monitor space.
Trump recently said he would '100%' get the island — rekindling an idea he first floated in 2019.
Macron and Trump are set to cross paths at a meeting of Group of Seven leaders in Canada, which begins Monday. There, leaders are expected to discuss the conflicts in the Middle East and Ukraine, but also to issue a statement about critical minerals, which are believed to exist in vast quantities in Greenland.
Macron said he would bring the issue up with Trump at the G-7 meeting.
Macron, who often casts himself as a defender of European sovereignty, is joining a chorus of leaders on the continent who have opposed Trump's ambitions on island.
Trump's comments on acquiring the island have been criticized by Greenlanders and Danes and also by German Chancellor Friedrich Merz. While Merz didn't travel with Macron on Sunday, he met Danish leader Mette Frederiksen earlier this week in Berlin and said he stood by the side of Denmark.
Macron has been seeking to capitalize on his long relationship with his US counterpart, while also criticizing some of Trump's policies. Earlier this year, Macron urged US-based scientists hit by cost cuts to relocate to Europe. Last week, he said Greenland, the Arctic and deep seas were 'not for sale' — a veiled jab at Trump, whose administration is promoting deep sea mining in international waters.
'The situation in Greenland is clearly a wakeup call for all Europeans,' said Macron, who also suggested opening a French consulate on the territory. 'You are not alone.'
(Adds Macron comments in third paragraph)
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California voters will decide redistricting in November, escalating battle with Trump and Texas
California voters will decide redistricting in November, escalating battle with Trump and Texas

Yahoo

time25 minutes ago

  • Yahoo

California voters will decide redistricting in November, escalating battle with Trump and Texas

Ratcheting up the pressure in the escalating national fight over control of Congress, the California Legislature on Thursday approved November special election to ask voters in November to redraw the state's electoral lines to favor Democrats and thwart President Trump's far-right policy agenda. The ballot measure, pushed by Gov. Gavin Newsom and other state and national Democratic leaders, is the latest volley in a national political brawl over electoral maps that could alter the outcome of the 2026 midterm elections and the balance of power in the U.S. House of Representatives. If voters approve the redrawn lines on Nov. 4, Democrats in the Golden State would see the odds tilted further in their favor, while the number of California Republicans in the House could be halved. Newsom initially said that new electoral districts in California would only take effect if another state redrew its lines before 2031. 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Times and beyond in your inbox six days a week. This story originally appeared in Los Angeles Times.

Novo Nordisk Just Froze Hiring--and It's Rattling Denmark's Economy
Novo Nordisk Just Froze Hiring--and It's Rattling Denmark's Economy

Yahoo

time25 minutes ago

  • Yahoo

Novo Nordisk Just Froze Hiring--and It's Rattling Denmark's Economy

This article first appeared on GuruFocus. Novo Nordisk (NYSE:NVO) just delivered a rough summer to Danish investorsand the broader economy might be feeling the aftershocks. The stock, once seen as Denmark's crown jewel, is down more than 20% since July after a profit warning rattled confidence in its obesity drug franchise. According to Statistics Denmark, consumer confidence slipped to -17.2 this montha three-month lowdespite falling interest rates, rising wages, and a tight labor market. Jes Asmussen, chief economist at SJF Bank, put it bluntly: if sentiment were the only signal, Denmark's spending outlook would be heading for the basement. Warning! GuruFocus has detected 1 Warning Sign with NVO. Is NVO fairly valued? Test your thesis with our free DCF calculator. Behind the unease is more than just a bruised stock chart. Novo Nordisk had become more than a market darlingit was a major engine of Denmark's growth, powering roughly half of the nation's 3.5% GDP expansion last year. It also played an outsized role in employment, contributing nearly 20% of private job creation. With that backdrop, the company's recent move to implement a global hiring freeze is triggering bigger concerns. Not just for shareholders, but for policymakers, retailers, and households worried that the slowdown could spread beyond pharma. The trigger? Rising competition and growing pressure from generic rivals in the U.S. market for weight-loss blockbusters Wegovy and Ozempic. Novo's stock is now trading 66% below last summer's peak. As portfolios shrink and retail sales post their steepest drop in over a year, investors are starting to connect the dots. A weakened Novo isn't just a hit to wealthit's a dent in Denmark's economic backbone.

Noem Announces Trump's Plan To Paint Border Wall Black
Noem Announces Trump's Plan To Paint Border Wall Black

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time27 minutes ago

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Noem Announces Trump's Plan To Paint Border Wall Black

Secretary of Homeland Security Kristi Noem recently announced the Trump administration's latest genius plan: painting the entire southern border wall black to deter immigration. At a Tuesday press conference in Santa Teresa, New Mexico, she praised the wall, saying "It's tall, which makes it very, very difficult to climb, almost impossible. It also goes deep into the ground, which would make it very difficult, if not impossible, to dig under. And today we are also going to be painting it black." Unsurprisingly, Kristi credited Donald Trump for the bright idea. "That is specifically at the request of the president, who understands that in the hot temperatures down here, when something is painted black, it gets even warmer, and it will make it even harder for people to climb." According to USA Today, she was asked if critics might find that cruel. Her response? "Don't touch it." For a few moments, she even painted the wall with a roller. Look how hard she works, everyone! Definitely worth her salary of $235,100 per year! Notably, she failed to mention the cost of this project, though CNN reported that the "Big, Beautiful Bill" dedicated about $46.5 billion to modernizing the border. The outlet also noted that this isn't the first time Trump has shown interest in painting the wall black. During his first term, he brought it up numerous times and ordered sections test-painted, with officials reportedly saying it was "largely being done to placate the president." In 2020, the cost was estimated at $1.2 million per mile — who knows what it would cost now with prices these days. Naturally, people have a lot to say about all this: One person wrote, "They know there is no sun at night, right?" Another said, "Tracks with this administration. Everything is just paint metaphorically. Hair, makeup, policy, troop deployment domestically, history, education, religion. All they do is attempt to paint over the awful people that they are." "Trump wants to paint 1300 miles of border wall black.. so it will be too hot to touch. Estimated to cost $2.7 billion. The estimated cost of gloves for illegals: $5.00 a pair. History will record this time as the Dumbest of All Ages.." "The crazy thing is that despite this costing literally billions of dollars; they have the money for it! That's right, Congress decided to cut funding for benefits for Americans and instead give CBP billions for the border wall, which they'll now use to paint the thing black." "The clown car of idiots never fails to impress with the level of stupid they show every single day." "Noem forgot to say Trump will make Mexico pay for the paint." "Fun Fact: Painting the entire 1,300-mile U.S.-Mexico border wall black could cost $2.72 BILLION. We are governed by the dumbest people in America." "This is sure to make grocery prices go down. Release the Trump Epstein files." And finally, "They really are just taking tips from Wile E. Coyote." What do you think about all this? LMK in the comments below!

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