Author

admin

Browsing

JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.

Dimon was asked by CNBC’s Leslie Picker whether he supported efforts by Elon Musk’s Department of Government Efficiency. He declined to give what he called a “binary” response, but made comments that supported the overall effort.

“The government is inefficient, not very competent, and needs a lot of work,” Dimon told Picker. “It’s not just waste and fraud, its outcomes.”

The Trump administration’s effort to rein in spending and scrutinize federal agencies “needs to be done,” Dimon added.

“Why are we spending the money on these things? Are we getting what we deserve? What should we change?” Dimon said. “It’s not just about the deficit, its about building the right policies and procedures and the government we deserve.”

Dimon said if DOGE overreaches with its cost-cutting efforts or engages in activity that’s not legal, “the courts will stop it.”

“I’m hoping it’s quite successful,” he said.

In the wide-ranging interview, Dimon also addressed his company’s push to have most workers in office five days a week, as well as his views on the Ukraine conflict, tariffs and the U.S. consumer.

This post appeared first on NBC NEWS

Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO. 

Ming took the helm of the flats maker from co-founder Stephen Hawthornthwaite in January 2024. Under her direction, the company grew sales 17% to $211 million last year, its best volume year since it launched nearly a decade ago. 

Comparable sales at its stores grew 20% and it posted positive EBITDA for the full year, with margins above 10%. 

Rothy’s outperformed the U.S. footwear market, which was flat in 2024 compared with 2023, according to Circana. 

Rothy’s growth, which came from an expansion into wholesale and a focus on brick-and-mortar stores, comes as direct-to-consumer darlings find it harder than ever to survive with the pure-play models that once wowed investors at the turn of the decade. 

Once considered the future of the industry, these online-only businesses are now leaning into the retail fundamentals that have long been the building blocks of emerging brands. Wholesale partnerships are a critical customer acquisition tool, and stores still matter.

As these plucky startups contend with the challenges that come with an online-only business, the winners are adapting to a new reality where stores, wholesale partnerships and e-commerce all need to be part of the mix to ensure they can operate profitably. 

“A lot of people are like, why would you be on Amazon? Because people do a lot of searches on Amazon. If we weren’t there, and they type in Rothy’s, a competitor or somebody else would show up. So why wouldn’t we want to be there?” Ming told CNBC in an interview. “To me, it’s really thinking a little bit more holistically and broadly. What our customer would want from us is how we approach it … people shop very different today.” 

Channel diversification will never be a panacea for a business that’s inherently broken or doesn’t serve a market need. The footwear industry and specialty retail overall is more competitive than ever, and Rothy’s needs to continue its efforts to diversify, scale and expand into new categories to keep up its performance.

Soon after Rothy’s launched in 2016, it quickly made a name for itself with its ubiquitous Instagram and Facebook advertisements and an innovative approach on sustainable shoe manufacturing that included using recycled plastic to make machine washable products. By 2019, it was Meghan Markle’s flat of choice and it had developed a cult following. 

Buoyed by a record year for valuations and 0% interest rates, Brazilian footwear company Alpargatas took a 49.9% stake in Rothy’s in 2021 that resulted in a post-investment valuation of $1 billion. 

Rothy’s used the investment to build out a store fleet, but by that time, the company’s growth had stagnated and it was struggling to reach profitability. 

“Once we sort of emerged from the pandemic, you could see a lot of these digitally native brands now sort of saying, OK, now what, right? I need stores. It is so expensive to acquire customers online,” said Dayna Quanbeck, Rothy’s president. ”[With] an e-commerce model … all of your costs are variable, right? Where you really find scale and you really find profitability is where you can leverage your fixed costs, which is stores, really, and wholesale.”

Ming, who served as Old Navy’s president between 1996 and 2006 and later became the CEO of Charlotte Russe, joined Rothy’s board in 2022 and was later asked to take over as CEO. She said no at first, but later agreed to take the helm after she spent a few months consulting and saw the early innings of a transformation beginning to take shape. She immediately started focusing on improving profitability and generating sales momentum by making sure Rothy’s was selling the types of products that its customers wanted — and in the places they shopped. 

“I literally went line by line … looking at what we should spend, what we shouldn’t, you know, and rightsize marketing spend. There was things that, you know, we don’t need,” said Ming, citing office plants as one of the first things she cut. “But the main thing is, driving profitability is really in revenue. You have to be growing your sales in order to really be profitable, right?” 

That’s where Rothy’s new selling strategy came in. In 2024, it began testing with a select number of wholesale partners — Anthopologie, Bloomingdale’s, Amazon and toward the end of the year, Nordstrom.

At the same time, it continued growing its store fleet. Now, a business that drew about 99% of its revenue from its website does about 70% of sales online, with the rest balanced between stores and wholesalers. Combining profitable stores with strong wholesale partnerships, Rothy’s has been able to grow sales and become more profitable at the same time.

“If we were just digitally native forever and ever, you really just can’t get there with the cost of acquisition, with the cost of, you know, just showing up these days,” said Quanbeck. “Honestly, it’s impossible.” 

Looking ahead, Rothy’s is planning to build on its wholesale partnerships and has made stores, along with international expansion, a central part of its strategy. 

Quanbeck said it’s hard to sell customers on everything that makes the brand appealing without them being able to see it in person.

“But when you can walk into the store and you can see it visually, you have a great customer experience where we can really tell the story,” said Quanbeck “It’s additive. And we know that the lifetime value of those customers that engage with us IRL is really high.” 

Quanbeck and Ming, who are alumni of now-bankrupt Charlotte Russe, know all too well the perils of overexpanding unprofitable store fleets, and said they’re taking a balanced approach to brick-and-mortar. The 26 stores Rothy’s has are small and all are profitable and the company plans to open another eight to 10 doors this year, said Quanbeck.

Ming said Rothy’s won’t need hundreds of stores, but she’d like to see the fleet grow to 75, or perhaps even 100. 

“But we also want to make sure our wholesale partners is in the picture,” said Ming. “We’re going to be in [Nordstrom] in March … they have more stores than we will ever have, so they might be in markets that we might not decide to open a store but then we still have a partner for our customer to shop in.” 

When asked if Rothy’s will pursue an initial public offering or look to be acquired, Ming said the business isn’t there yet — and her team doesn’t need the distraction.

“We had a really great year but … I keep telling the team, one year doesn’t make it a trend,” said Ming. “So we’re really focused on this year. I think if we have another great year, you know, maybe a year or two, I think then we could really step back and say, ‘What next?’”

This post appeared first on NBC NEWS

China and Russia “cannot be moved away” from one another, Chinese leader Xi Jinping told his counterpart Vladimir Putin on Monday, in their first phone call since US President Donald Trump upended American foreign policy with a sweeping pivot toward Moscow as he pushes for peace in Ukraine.

The call, which took place as Kyiv marked the third anniversary of Russia’s brutal invasion, stands as a clear message from Beijing that its relations with its key diplomatic partner will not be shaken by Washington’s warming relations with the Kremlin.

“History and reality show that China and Russia are good neighbors that cannot be moved away, and true friends who share weal and woe,” Xi told Putin, according to China’s state news agency Xinhua, evoking a phrase the Chinese leader had used to mark the symbolically significant 70th anniversary of their diplomatic ties in 2019.

“The development strategies and foreign policies of China and Russia are for the long-term,” he added, reiterating that their ties wouldn’t be influenced by “any third party.”

“Despite changes in the international situation, China-Russia relations will proceed with ease,” the Chinese leader said.

The Kremlin described the call as “warm and friendly” in its readout but did not elaborate on the strength of their ties to the same degree as Beijing’s.

“The leaders particularly emphasized that the Russian-Chinese foreign policy link is the most important stabilizing factor in world affairs. It is strategic in nature, is not subject to external influence, and is not directed against anyone,” the Kremlin said.

The closely anticipated call between the close partners comes as Moscow’s position on the international stage has undergone a significant transformation in recent weeks, as Trump has sought to bring Putin alongside in his push to end the fighting in Ukraine in a significant shift of American policy.

Top Trump administration officials met Russian counterparts in Saudi Arabia last week after signaling they could cede to some of Moscow’s key demands – raising concerns that peace would be brokered over the heads of Kyiv and its European partners. Trump has also parroted Kremlin rhetoric about the war and launched a barrage of criticism against Ukrainian President Volodymyr Zelensky.

Putin updated Xi on the latest contacts between Russia and the US during their call, according to readouts from both sides.

Xi said that “China is pleased to see Russia and other parties concerned making positive efforts to resolve the crisis,” according to Xinhua.

“The Chinese side expressed support for the dialogue that has begun between Russia and the United States, as well as readiness to assist in finding ways to peacefully resolve the Ukrainian conflict,” the Kremlin readout said.

Beijing’s readout noted that the call was initiated by Putin.

Xi and Putin navigate a new American foreign policy

Despite declaring neutrality in the conflict, China emerged as a key diplomatic and economic backer of Russia since its invasion, with NATO accusing Beijing of powering Russia’s defense industrial base with dual-use goods. China defends its “normal” trade.

Xi and Putin – who weeks before the invasion declared a “no limits” partnership – have long seen the other as a key partner in a shared power struggle with the West.

But recent US efforts have raised questions about whether Washington could drive a wedge between the two strongmen.

Following a meeting of top US and Russian official in Riyadh last week, US Secretary of State Marco Rubio named the possibility for future “geopolitical and economic cooperation” between Washington and Moscow as among four key points discussed.

Days earlier, the Trump administration’s Russia-Ukraine envoy Keith Kellogg told a panel discussion in Munich that the US hoped “to force” Putin into actions he was “uncomfortable with,” which could include disrupting Russia’s alliances with Iran, North Korea and China.

Chinese officials gave initial signals that it shared concerns about the bilateral US-Russia diplomacy taking place over Beijing and European leaders’ heads.

Speaking at a security conference in Munich following the Trump-Putin call earlier this month, Chinese Foreign Minister Wang Yi voiced support for US-Russia efforts toward peace but added that “all parties and all stakeholders” should be involved in peace talks.

However, that language about participation was missing from the Chinese diplomat’s remarks to a meeting of G20 foreign ministers in Johannesburg on Thursday, where Wang held a sideline meeting with Russian counterpart Sergey Lavrov and the two hailed their countries’ growing cooperation.

China “supports all efforts dedicated to peace, including the recent consensus reached between the US and Russia,” Wang told G20 counterparts at the gathering. A “window for peace is opening” on the war, he added.

Russia began its full-scale invasion of Ukraine three years ago in an onslaught that has killed tens of thousands and displaced about 10 million people. The invasion has also laid waste to Ukrainian cities and drawn allegations of war crimes by Moscow’s forces, which are entrenched in parts of eastern and southern Ukraine.

This post appeared first on cnn.com

The Israeli military this weekend deployed tanks to the occupied West Bank for the first time in two decades.

In the background of a Gaza ceasefire, Israel has steadily escalated an intense military operation in Palestinian cities in the West Bank, killing dozens and displacing tens of thousands of residents.

Since Hamas’ October 7 attack, Israel has regularly launched airstrikes on the West Bank, which was almost unheard of before. Its defense minister, Israel Katz, said on Sunday that he’d instructed the military to stay for a year and “to prevent the return of residents.”

US President Donald Trump has come under withering criticism for his proposal to expel 2.1 million Palestinians from Gaza. And yet, as the left-leaning Israeli newspaper Haaretz alleged in an editorial Monday, “Israel is already doing in the West Bank what it threatens to do in Gaza.”

Here’s what’s happening.

What is the West Bank?

The West Bank, a territory that lies west of the Jordan River between Israel and Jordan, has been occupied by the Israeli military since 1967. It is home to more than 3.3 million Palestinians.

Israel captured the West Bank and East Jerusalem – including the Old City, with its religious landmarks – from Jordan after a brief war in 1967. Many Israelis believe that Jews have a biblical right to the land, which they call Judea and Samaria.

Since Israel captured the West Bank, around half a million Jewish Israelis have built homes in towns known as “settlements.” Because the West Bank is considered to be occupied under international law, these settlements are illegal, but they are condoned – and even encouraged – by the Israeli government.

In the 1990s, Israel and Palestinian factions started a peace process, which came to be known as the Oslo Accords. The agreement set up a Palestinian government, known as the Palestinian Authority, which would have jurisdiction in parts of the West Bank and Gaza, ahead of the creation of an independent Palestinian state.

Many communities in Palestinian cities are known as refugee camps. Though they now resemble urban neighborhoods, they were established after the 1948 Arab-Israeli war for Palestinians who fled or were forced from their homes during the creation of Israel.

In July, the International Court of Justice, the United Nations’ top court, issued an unprecedented advisory opinion that found Israel’s presence in the West Bank and East Jerusalem to be illegal, and called on Israel to end its decades-long occupation.

What has happened since October 7?

There has always been tension between Palestinians and the Israeli government in the West Bank. Israel has for many years carried out regular incursions into Palestinian communities – targeting, it says, Palestinian militants.

But Hamas’ October 7 attack on Israel ushered in a new era.

The Israeli military ramped up its restrictions on Palestinians, setting up new checkpoints and restricting who could cross from the West Bank into Israel. There was a spike of attacks by Jewish settlers on Palestinians, killing dozens.

Armored Israeli bulldozers often rip up tarmacked roads during these incursions. Israel argues it’s a necessary tactic to unearth improvised explosive devices, but it often leaves whole neighborhoods entirely impassable.

Israel has also targeted other aspects of Palestinian life in the West Bank. The Knesset, the country’s parliament, passed a law last year that would make it extremely difficult for the United Nations’ agency for Palestinians to continue operations, alleging that UNRWA, as it’s known, hasn’t done enough to crack down on extremism in its ranks. UNRWA educates 45,000 Palestinians in the West Bank and provides nearly a million annual patient visits at 43 health care facilities.

What’s happening now?

Israel launched an even more aggressive military operation in the northern West Bank in January, focused on the Jenin refugee camp, dubbed “Operation Iron Wall.” Israel says the operation is necessary to root out Iranian-backed militants who threaten its security.

The defense minister has said that Israel is applying its Gaza playbook to the West Bank.

“A powerful operation to eliminate terrorists and terror infrastructure in the camp, ensuring that terrorism does not return to the camp after the operation is over – the first lesson from the method of repeated raids in Gaza,” Katz said last month.

Israel’s operation has forced more than 40,000 Palestinians from their homes in the West Bank, according to the United Nations. The military has killed more than 1,000 Palestinians in the West Bank and East Jerusalem since October 7, 2023, according to the Palestinian Ministry of Health, which does not distinguish between civilians and combatants. Among those are at least 184 children. Just this weekend, the Israeli military admitted its forces had killed two 13-year-old children, and that it was investigating the incidents.

Israel’s foreign minister, Gideon Saar, told reporters in Brussels on Monday that “it’s military operations taking place there against terrorists and (there are) no other objectives but this one.”

What role does Trump play?

It is impossible to ignore the role of Trump. His election has emboldened those in Israel who want the government to extend full Israeli sovereignty to West Bank settlements, a process known as annexation. Some want to go even further and annex all of the West Bank.

Trump said earlier this month that “people do like the idea” of annexation, “but we haven’t taken a position on it yet.”

“But we’ll be making an announcement probably on that very specific topic over the next four weeks,” he said.

Israel’s far-right finance minister, Bezalel Smotrich, who is in charge of West Bank settlements, ordered preparations for annexation, saying that Trump’s election “brings an important opportunity for the state of Israel.” The only way to remove the “threat” of a Palestinian state, he said, “is to apply Israeli sovereignty over the entire settlements in Judea and Samaria.”

The finance minister seems to play a big role in Netanyahu’s more aggressive approach. Smotrich was against the Gaza ceasefire and is pushing Israeli Prime Minister Benjamin Netanyahu to return to war there. He is a West Bank settler himself. In January, Smotrich said that the government now considers security in the West Bank to be an official “war goal.”

“After Gaza and Lebanon, today, with God’s help, we have begun to change the security concept in Judea and Samaria,” he said.

How did things change this weekend?

Israel’s invasion of Jenin refugee camp was already a significant escalation. But this weekend it became clear that it had no end in sight.

On Friday, Netanyahu visited Jenin and praised the “wonderful job” troops were doing. A photo circulated of him sitting with commanders inside a Palestinian home that the military requisitioned as a command center.

“We are eliminating terrorists, commanders,” he said. “We are doing very, very important work against the desire of Hamas and other terrorist elements to harm us.”

Then on Sunday, the Israel Defense Forces (IDF) deployed a tank platoon to Jenin – the first time tanks have been sent into the West Bank since 2002, during the Second Intifada, or uprising. It’s a sign of just how militarized the operation there has become. The Israeli military no longer believes that ground troops – and even airstrikes – are enough.

And while Trump and Israel’s extremist ministers make plans to expel Gaza’s population, Israel’s defense minister Katz announced that the tens of thousands of Palestinians who have left their West Bank homes in recent weeks will not be allowed to return.

“Today, I instructed the IDF to prepare for an extended presence in the cleared camps for the next year, and not to allow the return of residents and the resurgence of terror,” he said.

This post appeared first on cnn.com

Germany’s political system is set up to exclude extremists. Yet the country is waking up to a new political reality that has lurched to the right with the once outcast Alternative for Germany (AfD) party now firmly established in German politics.

The country’s mainstream conservatives, as polls predicted, won the largest share of votes in Sunday’s election according to official preliminary results and will be looking to form the next government, while the AfD came in second. But make no mistake – second place is a huge result for a party that although it likely won’t be in office once the dust settles, will enjoy expanded influence.

The party has doubled its support since the previous election in 2021, when it received 10.3% of the vote. It is now the first far-right party in Germany’s post-World War II history to have attained such broad levels of public popularity, and it has also significantly increased its share of seats in Germany’s parliament, or Bundestag.

The AfD reached a particularly large number of voters in eastern Germany, where it has long had a stronghold. But it also gained some significant support in constituencies in the country’s west, including the industrial city of Gelsenkirchen which has been suffering with stagnating economy and high unemployment, and Kaiserslautern, which is surrounded by a number of US military installation, including the Ramstein Air Base.

“We have never been stronger – we are the second-biggest force,” AfD co-leader Alice Weidel gloated, as she addressed crowds in Berlin after exit poll results were revealed on Sunday evening.

The mood at the far right’s election party in Berlin was ecstatic as the exit polls first flashed onto the screens, with people cheering and waving Germany flags.

For his part, Christian Democratic Union (CDU) leader and Germany’s likely next chancellor Friedrich Merz claimed victory as he slammed US interference in the country’s election campaign – which saw high-profile figures from the Trump administration speak out in support of the AfD.

These interventions are “no less dramatic and drastic and ultimately outrageous than the interventions we have seen from Moscow,” Merz said.

Formed in reaction to Eurozone policies in 2013, the AfD had become accustomed to being on the fringe of German politics, in a country scarred by its Nazi past and where any far-right party has been treated with caution.

It only secured its first seats in the Bundestag in 2017 and struggled to find a platform on Germany’s traditional media due to its strident anti-migrant and anti-Islam rhetoric. This election marks the first time the party has ever fielded a candidate for chancellor.

The party has called for “remigration” – the mass expulsion of immigrants. The controversial policy has drawn comparisons to the Nazi era. The AfD is officially suspected of right-wing extremism by German authorities, and parts of it have been under government surveillance.

All that appears to have changed. The AfD is now Germany’s largest opposition party, making it a major political contender that cannot be ignored. It has driven the debate in Germany while forcing mainstream rivals to recognize that they need to do more on flashpoint issues if they want to retain votes.

Their rise reflects what has been happening across Europe where a host of hard-right parties have made gains. Whether in the Netherlands, France or Austria, such parties can no longer easily be dismissed as political outcasts when they have won over sizeable shares of the vote – or in the case of Italy, run the country.

Having a significant voice in parliament means that “they [the AfD] will be able to apply pressure on the major parties from a position of greater strength,” said Gemma Loomes, a Lecturer in Comparative Politics at Keele University.

“The surge in support will embolden the party to talk, perhaps even more aggressively, about the issues that matter most to them but that the major parties are reluctant to address,” Loomes added.

All this begs the question: can the so-called “firewall” – an unofficial agreement between Germany’s mainstream parties to band together to keep the AfD out of power – last?

Merz’s controversial decision to push through an immigration bill with help from the AfD in January could be an early indication of how he intends to proceed in his chancellery.

She believes there may already be a “crack” in the firewall.

“In five, or 10, or 15 years it may no longer be there,” she speculates, perhaps at the regional level initially, if not the national level.

“The real question for center parties is how do we address voters’ genuine grievances, and how do we do it in a way that doesn’t just amplify the far right.”

Meanwhile, AfD politicians already have their sights firmly set on the next election in 2029 – when they are determined the firewall” will no longer exist.

Similarly, Weidel told reporters in Berlin on Monday morning, “Friedrich Merz has decided to maintain his blockade stance towards the AfD. We consider this blockade to be undemocratic. You cannot exclude millions of voters per se.”

Merz’s right-wing pivot ‘fraught with danger’

Merz now faces a tightrope walk as he seeks to form a new government while carving out a new path for the CDU.

The CDU has been ever-present in Germany’s post-war era and oversaw the reunification of east and west.

Yet, at the same time, everything has changed since it was last in power.

No longer tied with the liberal, “open door” policies it became synonymous with under Angela Merkel, Merz has vowed to bring the party back to its more conservative roots as part of efforts to counter the far right.

However, Merz’s promise to pivot the CDU back to the right does not come without risks. The move threatens to further embolden the AfD while isolating the CDU’s more centrist supporter base.

For Loomes, it is a decision that is “fraught with danger.”

“The AfD currently has positioned itself as the only party willing to talk about immigration and to propose radical action to tackle the perceived problem,” she said.

“If the CDU positions itself in this space, it risks being perceived as a less authentic version of the AfD. Voters are convinced the AfD cares passionately about limiting immigration; they may be less convinced it is a genuine priority for the CDU.”

Merz’s new government will likely involve the other major centrist party, the center-left Social Democrats (SPD), which led Germany’s previous coalition and came out third in Sunday’s vote.

However, coalition building could prove difficult, with the two parties potentially clashing on key issues, particularly foreign policy. There are no guarantees that the new government will not be as incohesive and unable to govern as the previous coalition.

Transatlantic winds

While Germany has long held far-right parties with a disdain not seen in its European neighbours, some Germans believe the time has come to break old taboos.

And the AfD’s powerful transatlantic ally is only serving to bolster this view.

Tech billionaire Elon Musk addressed crowds during a surprise appearance at the AfD campaign launch in January. “There is too much focus on past guilt, and we need to move beyond that,” he said, in a speech that echoes AfD talking points and was met with rapturous applause.

Meanwhile, in a scathing speech at the Munich Security Council, US Vice President JD Vance told Europe’s leaders that there is “no room for firewalls” in a democracy, a clear nod to the AfD.

Merz will have to contend with a Trump administration that has praised a key rival and appears set on dismantling long-term security ties between Europe and the US.

A strong Berlin government and a united Europe now seems more important than ever. The continent is searching for leadership as Trump moves ahead on Ukraine peace talks without its involvement.

For Merz, Europe’s independence from the US is a prime concern. “My absolute priority will be to strengthen Europe as quickly as possible so that, step by step, we can really achieve independence from the USA,” he said at a televised roundtable with other party leaders Sunday evening.

While Germany’s mainstream has held off a radical far-right government, Merz’s challenges are only just beginning.

This post appeared first on cnn.com

Russia says it is open for economic cooperation with the United States, including on energy and mining rare earth minerals.

Moscow’s comments came after US President Donald Trump said Monday he was in “serious discussions” with Russia about ending its war with Ukraine and was “trying to do some economic development deals” with Moscow, noting its “massive rare earth” deposits.

The comments also follow discussions between the US and Ukraine, in which Trump has demanded access to nearly half of Ukraine’s mineral resources in exchange for military aid.

“I want to stress that we certainly have much more of such resources than Ukraine,” Putin said of Russia’s rare earth deposits in an interview with state media correspondent Pavel Zarubin.

“Russia is one of the leading countries when it comes to rare metal reserves. By the way, as for new territories, we are also ready to attract foreign partners – there are certain reserves there too,” Putin said, in an apparent reference to Russian-occupied areas of Ukraine.

He added that Russia would be willing to sell “about 2 million tons” of aluminum to the US market if the US lifted sanctions restricting the import of Russian metals.

Putin also said Trump’s approach to Russia and Ukraine has been “based not so much on emotions as on cold calculation, on a rational approach to the current situation.”

The statements by Putin and his special envoy came the same day as Trump boasted about his ability to make a deal that could end the war between Russia and Ukraine during a joint press conference with the visiting French President Emmanuel Macron.

“I’ve spoken to President Putin, and my people are dealing with him constantly, and his people in particular, and they want to do something,” Trump said during the conference at the White House.

“I mean, that’s what I do. I do deals. My whole life is deals. That’s all I know, is deals. And I know when somebody wants to make it and when somebody doesn’t,” Trump added.

Ukraine has said previously that it wants security guarantees from the US as part of any deal – something the US president has so far refused to be drawn on.

Later, when asked what makes him think he can trust Putin, Trump responded: “I think it’s to the very much benefit of Russia to make a deal and to go on with – go on with leading Russia in a very positive way. That’s what you have to do.

“I really believe that he wants to make a deal,” Trump said of Putin. “Maybe I’m wrong, but I believe he wants to make a deal.

This post appeared first on cnn.com

Editor’s Note: This article contains distressing details from the outset.

The numbers involved in France’s largest child abuse trial are staggering: 299 alleged victims, sexually abused in 10 hospitals and clinics over 25 years – all by one doctor, prosecutors say.

As the court case began Monday in Morbihan, Brittany, with retired gastrointestinal surgeon Joel Le Scouarnec accused of decades of abuse, many hoped that the trial would mark a turning point in France’s reckoning with child abuse.

From 1986 to 2014, the former surgeon, now 74 and serving a 15-year prison sentence for a prior conviction for the rape and abuse of children, subjected hospital patients as young as two to early adulthood to sexual abuse including rape across the Brittany region of France, court documents allege. Le Scouarnec was employed in private and public institutions despite being convicted of possession of child abuse imagery in 2005.

The documents alleged that Le Scouarnec told investigators that “he did not remember (the alleged assaults) individually,” but “he had been able to commit sexual touching as well as penetrations on some of his patients, and in particular children.”

Beyond the trial, he was convicted in 2020 of abusing his nieces and a neighbor outside a hospital. More than a dozen of his patients sought to join the current case against him, but were barred by French law as their claims exceeded the 30-year statute of limitations.

The trial, expected to last four months, has already captured national attention, just weeks after a horrifying, monthslong mass rape and drugging trial rocked France. Victim Gisele Pelicot became a potent symbol in the struggle to shift the shame around sexual abuse back onto the perpetrators.

Many hope that this child abuse trial will serve a similar purpose, helping to bring about a painful reckoning with the issue in France and the institutions and culture that may have helped such crimes go unchecked for so long.

The oldest alleged victims are now nearly 50 while the youngest is 17.

Child-sized dolls

Such is the scale of the trial, a university lecture hall near the courthouse has been requisitioned to accommodate 400 people, including alleged victims, their families, lawyers and media.

It’s not the first time Le Scouarnec has been before a court on child abuse-related charges.

In 2005, he was convicted of possession of child abuse imagery, following a tip off from the FBI when he signed up to a pedophilia-sharing website. His four-month prison sentence was suspended.

Le Scouarnec was convicted in 2020 in west France of rape of a minor and possession of child abuse imagery, receiving a 15-year sentence, after sexually abusing his neighbors’ daughter through their backyard fence. He has been imprisoned since that trial.

Searches of his property and hospital office turned up his diaries and some 70 child-sized dolls, with which investigators believe he “shared his daily life” before his arrest, naming, dressing and using them for his sexual pleasure.

Delphine Driguez, a lawyer who represented survivors of his abuse at his 2020 trial, agreed with this assessment of Le Scouarnec. “He’s an extremely cold man, without any empathy, very deliberate,” she said.

Satta said that Le Scouarnec’s status as a middle-class surgeon had likely helped him to evade suspicion for so long, adding that in court, the true nature of the accused would be on show for all.

During the 2020 trial, she watched him as the courtroom was shown images taken from his computer.

“That’s when you discover the real Joël Le Scouarnec. Because the gaze changes,” she said.

Following Le Scouarnec’s 2005 conviction, Thierry Bonvalot, a psychiatrist also working at Quimperlé hospital in Brittany with Le Scouarnec, said he confronted him.

After a long silence, his head in his hands, Le Scouarnec responded, “You can’t make me.”

A diary of horrors

The evidence at the center of the latest case will be Le Scouarnec’s own diaries, prosecutors say depict actual events in which children were abused. His attorney says they detail fantasies that he did not act on.

So comprehensive are they, that a journal discovered during the 2020 trial – often noting the time and place of the rapes, the victim’s identity and even their address – helped investigators to identify the dizzying number of his alleged rapes.

Court documents submitted by the prosecution note that he admitted he started the journal in 1990, writing regularly right up until 2016, a year before his retirement, with 40 to more than 100 pages of entries per year.

The entries describe abuse, typically during a supposed medical exam, playing on false medical pretexts to not alarm his patients, the documents show.

The intimate tone of his writings is especially chilling, addressing entries to the children by name, “Little Marie, you were once again alone in your room” begins one account, speaking directly to them and ending many entries – descriptions of sexual acts on a child – with, “I love you.”

In multiple diary entries included in the court documents, Le Scouarnec admits to being a pedophile.

Hidden crimes, real trauma

For the survivors of Le Scouarnec’s alleged abuse, the years since have been traumatic.

Although many of the children were under sedation during the alleged abuse, the effect on their lives has been all too tangible, per court documents. The documents describe psychological analyses of the alleged victims often showing persistent troubles, notably in their later sexual relations and on their self-confidence, following their hospitalizations under Le Scouarnec.

“We have victims in real, genuine suffering. We have people who are anorexic, who are depressed, who can’t have children, who can’t have sex with their partner. It’s all these anomalies in quotation marks, unexplained by their doctors, who say to themselves, “How is this possible?” lawyer Satta said. Among those she represents are two families of men who had allegedly been abused by Le Scouarnec and died by suicide years later.

Given the lifetime of abusing that Le Scouarnec stands accused of, some of the survivors’ testimony is no longer admissible in court. France’s statute of limitations restricts rape prosecutions to 30 years after the victim reaches adulthood, meaning about 80 people were not included in the case, Satta said.

As justice runs its course, one question swirls around the case: How was this man allegedly able to prey on so many young people for so long?

This post appeared first on cnn.com

Early on October 18, 2024, police in Wales police received a phone call from a member of the public. It was the start of a mystery that remains unsolved four months later.

There was a body in the water of the Claerwen Reservoir, the caller said, according to a statement released by Dyfed-Powys Police on Sunday.

The reservoir is a remote and picturesque spot in central Wales, about 90 miles northwest of the capital, Cardiff.

An autopsy later established that the body was that of a White man aged between 30 and 60 years old, about 6 feet (1.8 meters) tall, wearing a wetsuit, and had been in the water for up to 12 weeks.

Police identified the XL-sized wetsuit as the “Agile” design made by Zone 3, which is advertised on its manufacturer’s website as suitable for those “new to open water swimming or triathlon.”

The nearest bus stop is about a four-hour walk away and so “it is unlikely he walked there in a wetsuit,” the spokesperson added.

Several signs around the reservoir warn against swimming there, they said.

“It is very unusual for a body to be found … and to be a few months into an investigation with no confirmed identification.”

Requests to other police forces in the UK and Interpol, the international police agency, as well as forensic tests haven’t yielded any clues about the man’s identity, the spokesperson said.

Nonetheless, the man’s death is not “currently thought to be suspicious,” an inquest opened on Monday by assistant coroner Rachel Knight heard, according to the BBC.

At the moment, police believe the man entered the water voluntarily sometime last summer.

Knight adjourned the inquest after recording that the cause of death was “pending further investigation,” and called for public help in identifying the man.

The police appealed for information “from anyone who has visited the Claerwen reservoir, or the surrounding area, between the beginning of July 2024 and October 18, and haven’t spoken to police yet,” Detective Inspector Anthea Ponting said in the police statement.

“We also continue to appeal for anyone who does have information – who thinks that something mentioned could relate to a missing person in their own life/or who they may know – to come forward.

“We are keeping an open mind into the circumstances and continue to work towards finding out who he was, any family and what happened to him,” she added.

The Claerwen reservoir is one of several in the area that provides water to Birmingham, the UK’s second-largest city.

Unauthorized swimming in these reservoirs is prohibited and can be dangerous due to their cold, deep water which can also hide equipment underneath.

This post appeared first on cnn.com

Australia learned about Chinese live-fire naval drills off the country’s coast that forced dozens of flights to be diverted via an alert from a commercial pilot, authorities said on Monday.

The People’s Liberation Army (PLA) Navy’s unprecedented show of firepower in waters between Australia and New Zealand has raised alarm in both countries in recent days as a clearer picture emerges of how much warning Beijing gave about the exercises.

The first notice of the Chinese drills in the Tasman Sea came in a radio transmission on an emergency frequency monitored by a Virgin Australia passenger jet on Friday, according to Australian officials.

The Virgin pilot relayed the information to Australian aviation authorities, who then issued a “hazard alert” via air traffic control, Airservices Australia CEO Rob Sharp told a parliamentary hearing.

Airservices Australia Deputy CEO Peter Curran told the hearing that at least 49 aircraft diverted their flight paths on Friday to avoid the flotilla of three Chinese warships conducting the exercise.

The New Zealand and Australian governments said China did not issue a Notice to Airmen (NOTAM) about the drills, which they said took place in two rounds in the Tasman Sea on Friday and Saturday.

A NOTAM tells aviators about airspace changes and can be issued up to seven days before events like the live-fire drills, according to US authorities.

China’s Ministry of Defense said Sunday that the exercises conducted in international waters complied with international law and did not affect aviation safety. It also slammed Australia for “hyping up” the drills and making “unreasonable accusations.”

Though the drills were held in international waters, Beijing could have given Australia and New Zealand a heads-up much sooner in the interests of safety, naval experts said.

Defense analyst Jennifer Parker, a former Australian naval officer, wrote in a blog post Sunday that the Chinese ships did not violate international law and were well within their rights to conduct the live fire drills where they did, in the open ocean.

“It’s not aggressive, it’s just what warships do on the high seas,” Parker wrote. “There is no legal obligation for foreign warships to notify coastal nations over 300 nautical miles away about live firing activities on the high seas.”

But Parker said the Chinese ships may not have followed best practices, under which live-fire drills should maintain a safe distance from commercial flight routes.

“Indications from flight diversions suggest that the Chinese warships may have been too close to civilian air transit routes. If this is the case, it represents poor practice that warrants diplomatic discussion,” she wrote.

Analyst Carl Schuster, a former US Navy captain, was blunter.

“Forcing aircraft to divert from their internationally recognized routes is considered unsafe and irresponsible,” Schuster said.

Australia’s Prime Minister Anthony Albanese said on Saturday that while China’s drills complied with international law, Beijing “could have given more notice.”

Judith Collins, the defense minister of New Zealand, said China’s warning should have come hours earlier.

“There was a warning to civil aviation flights, that was basically a very short amount of notice, a couple of hours, as opposed to what we would consider best practice, which is 12-24 hours’ notice, so that aircraft are not having to be diverted when they’re on the wing,” she told public broadcaster Radio New Zealand (RNZ).

‘Standard procedure’

By Tuesday, the Chinese ships had moved to about 160 miles east of Hobart on the southern island of Tasmania, and Australian and New Zealand defense forces were monitoring their movements, the Australian Defense Ministry said.

Australian officials said Monday that flight diversions continued throughout the weekend but did not cause any major disruptions to air traffic.

In such circumstances it’s best to exercise caution, analysts said.

“Airliners listen out on the standby radio to the 121.5 international distress frequency. The naval group will contact the aircraft on 121.5 before it reaches a ’threat’ range and demand it alter course to avoid overflight,” said Byron Bailey, a former Emirates airline senior captain.

“It is standard procedure not to overfly a naval battle group,” he said.

Bailey recounted how, when flying a 777 airliner over the Persian Gulf, a US Navy aircraft carrier strike group once ordered him to alter his course to avoid going over the US flotilla.

The PLA Navy ships – a frigate, a Type 055 destroyer and a replenishment vessel – had been sailing down the coast of Australia since mid-February, according to the Australian Defence Force.

Collins, the New Zealand defense minister, said the Chinese naval exercises were unprecedented in those waters.

“We’ve certainly never seen a task force or task group of this capability undertaking that sort of work,” Collins told RNZ.

While the exercises may be a first for China in the southern waters, such maneuvers are standard practice around the world, including by Australia and its allies in the South China Sea.

“Australia does this on our deployments, and we should avoid overreacting,” said Parker, the Australian analyst.

That fact was noted by Chinese netizens on social media, where the PLA Navy deployment has received significant attention.

“Our 055 went to Australia for live-fire exercises, and they conducted them twice,” one person wrote on X-like platform Weibo, referring to the powerful Chinese surface vessel in a post that hinted at tensions around the South China Sea’s contested Paracel Islands, which Beijing calls the Xisha Islands.

“We should have used this way to communicate long ago. I think the Australian side will understand! If you intrude my Xisha Islands, I will come to your doorstep.”

But Bailey, the former Emirates senior captain and a former Australian air force fighter pilot, said it was China that was being provocative.

The PLA Navy drills were “unprofessional and deliberately disrespectful,” he said. “The PLAN was just ‘giving the finger’ to Australia and New Zealand.”

This post appeared first on cnn.com

South Korean President Yoon Suk Yeol faces a string of legal battles as the suspended leader fights to save his political career – and avoid prison – following his brief imposition of martial law last year.

Yoon’s December 3 decree threw South Korea into turmoil when he banned political activity and sent troops to the heart of the nation’s democracy – only to reverse the move within six hours after lawmakers forced their way into parliament and voted unanimously to block it.

The decree was swiftly met by widespread public anger, reviving painful memories of strongmen leaders who curtailed rights and freedoms in the country after the Korean War until its transition to democracy in the late 1980s.

Even several members of Yoon’s own conservative ruling party turned on him. On December 14, parliament voted to impeach him, suspending his presidential powers.

But a defiant Yoon has vowed to “fight to the end,” as the country’s top court reviews his impeachment and as he also appears in a separate criminal trial for insurrection.

Here’s what we know.

What’s happening in Yoon’s impeachment trial?

South Korea’s Constitutional Court will decide whether to remove Yoon from office permanently or reinstate him. It is now reviewing his impeachment by parliament after hearing weeks of testimony by high-ranking current and former officials.

Lawyers for parliament have argued that if Yoon is reinstated, he could try to impose martial law again or undermine constitutional institutions.

Yoon has argued that he had a right as president to issue his martial law decree. The former prosecutor-turned-politician said his move was justified by political deadlock and threats from “anti-state forces” sympathetic to North Korea.

Lawyers for Yoon have also argued that he never actually intended to stop parliament from operating, even though the order was publicly declared, and troops and police were deployed to the legislature.

Yoon also sent troops to the National Election Commission and later said the decree was necessary, in part, because the body had been unwilling to address concerns over election hacking, a claim rejected by election officials.

A ruling in the impeachment case is expected in March.

If the Constitutional Court upholds Yoon’s impeachment, he would become the shortest-serving president in South Korea’s democratic history, having taken office in May 2022. The country must then hold new presidential elections within 60 days.

If Yoon’s impeachment is upheld, it would also remove his immunity from most criminal charges.

What other charges does he face?

Prosecutors indicted Yoon on separate criminal charges related to his martial law decree of leading an insurrection. He was arrested in January after a weeks-long standoff between investigators and his presidential security team. He has since been held in solitary confinement at a detention center near Seoul.

Insurrection is one of the few criminal charges from which a South Korean president does not have immunity. It is punishable by life imprisonment or death, although South Korea has not executed anyone in decades.

The indictment alleges that Yoon’s imposition of martial law was an illegal attempt to shut down the National Assembly and arrest politicians and election authorities. Yoon has said his decree was intended as a temporary warning to the liberal opposition and that he always planned to respect lawmakers’ will if they voted to lift the measure.

Yoon’s lawyers have also repeatedly argued that his arrest was politically motivated and that the warrant was invalid because of flaws in the way the investigation was conducted.

The next preliminary hearing for the criminal proceedings is set for the end of March.

Yoon’s insurrection trial is expected to take months. A verdict could be reached by late 2025 or early 2026, according to legal analysts.

Meanwhile, the court is reviewing a request by Yoon’s lawyers to revoke his arrest order and release him from custody, though such challenges are rarely successful.

What important details did we learn from Yoon’s trial?

The impeachment proceedings offered dramatic details illustrating how Yoon and the military enacted the ultimately short-lived martial law order.

South Korea’s former Defense Minister Kim Yong-hyun said it was he, not the president, who first proposed the ill-fated brief period of military rule.

Kim said he wrote the controversial decree himself, which included a sweeping ban of political activity across South Korea.

“All political activities, including the activities of the National Assembly, local councils, and political parties, political associations, rallies and demonstrations, are prohibited,” the martial law decree said.

Both Yoon and Kim strongly denied ordering military commanders to “drag out” lawmakers inside the National Assembly. However, former Army Commander Kwak Jong-geun consistently testified he received direct orders from Yoon himself to forcibly remove assembly members.

Kim and lawyers for Yoon maintained the order was misheard – arguing the Korean word for lawmakers was confused with the similar sounding word for agents or soldiers.

Former first deputy director of the National Intelligence Service (NIS) Hong Jang-won also repeatedly testified Yoon told him to take advantage of martial law. He said Yoon described it as an opportunity to “arrest” a list of 14 political and legal adversaries and to “clean everything up” – which Yoon denies.

Possibly not: Yoon also faces the prospect of another legal battle.

Police have been investigating Yoon on suspicion of the special obstruction of public duty since around January 3, a police spokesperson told Reuters on February 22.

The crime is punishable by up to five years in jail.

A South Korean court issued an arrest warrant for Yoon on December 31 in the criminal investigation over his martial law decree. The warrant, however, was not executed until January 15 after Yoon did not comply, remaining holed up in his heavily fortified presidential compound as the Presidential Security Service blocked investigators for days.

In the months since Yoon’s martial law declaration, South Korea has been in political disarray with parliament also voting to impeach its prime minister and acting president Han Duck-soo. Finance minister Choi Sang-mok is now acting president.

Additional reporting by Reuters and the Associated Press.

This post appeared first on cnn.com