Laura: Will anyone be held accountable for this?
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Bloomberg
an hour ago
- Bloomberg
Budapest's Most Historic Site Gets a Controversial Rebuild
Thanks to US President Donald Trump, historic revival architecture has returned to the news this year. In January, the president signed an executive order demanding that all new federal buildings respect 'traditional and classical architectural heritage' in their design — reflecting a wider right-wing trend associating revivalist architecture with conservative values. This push for new-old buildings is global: In Dresden, Germany, whole sections of the city's historic center have been rebuilt to resemble the city's pre-World War II self, a form of project being repeated across Germany, Russia and France. Often these initiatives are promoted both by mainstream right-wing parties such as Germany's CDU, and through culture war agitation from figures on the far right. Perhaps the most high-profile example of this phenomenon is underway in the Hungarian capital of Budapest, where the government of Prime Minister Viktor Orban is rebuilding the Buda Castle district, a complex of ornate 19th century palaces and buildings on a fortified hill commanding the heights above Budapest. The project, initially estimated at $590 million but likely to cost far more, has been billed as restoring the area to its prewar glory. But critics have pointed out that the revamp — referred to as the National Hauszmann Program — is anything but historically accurate.
Yahoo
an hour ago
- Yahoo
Trump pauses export controls to bolster China trade deal, FT says
(Reuters) -The U.S. has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump's efforts to secure a meeting with President Xi Jinping this year, the Financial Times said on Monday. The industry and security bureau of the Commerce Department, which oversees export controls, has been told in recent months to avoid tough moves on China, the newspaper said, citing current and former officials. Reuters could not immediately verify the report. The White House and the department did not respond to Reuters' requests for comment outside business hours. Top U.S. and Chinese economic officials are set to resume talks in Stockholm on Monday to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies. Tech giant Nvidia said this month it would resume sales of its H20 graphics processing units (GPU) to China, reversing an export curb the Trump administration imposed in April to keep advanced AI chips out of Chinese hands over national security concerns. The planned resumption was part of U.S. negotiations on rare earths and magnets, Commerce Secretary Howard Lutnick has said. The paper said 20 security experts and former officials, including former deputy US national security adviser Matt Pottinger, will write on Monday to Lutnick to voice concern, however. "This move represents a strategic misstep that endangers the United States' economic and military edge in artificial intelligence," they write in the letter, it added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
an hour ago
- Bloomberg
How Li Ka-shing Landed in the Middle of US-China Tiff
When President Donald Trump called for the US to retake control of the Panama Canal during his inauguration speech in January, it set off a chain of events that landed Hong Kong tycoon Li Ka-shing in the middle of a US-China tiff. Li, whose conglomerate CK Hutchison Holdings Ltd. owns two port operations on the Panama Canal, came under political pressure from the Trump administration after the US leader falsely claimed that the strategic waterway was operated by China.
