March 21, 2019
Latest News

Trump cancels his participation at Davos Economic Forum

 File photo showing President Donald Trump signing legislation in the Oval Office. Trump on Jan. 10, 2019, cancelled his participation at the World Economic Forum in Davos, Switzerland due, he said, to the US political crisis resulting from Congress's failure to pass a budget including some $5.7 billion for the US-Mexico border wall the president is demanding. EFE-EPA/ Shawn Thew

File photo showing President Donald Trump signing legislation in the Oval Office. Trump on Jan. 10, 2019, cancelled his participation at the World Economic Forum in Davos, Switzerland due, he said, to the US political crisis resulting from Congress's failure to pass a budget including some $5.7 billion for the US-Mexico border wall the president is demanding. EFE-EPA/ Shawn Thew

Washington, Jan 10 (efe-epa).- President Donald Trump on Thursday cancelled his participation at the Davos Economic Forum in Switzerland due to the US political crisis caused by the partial shutdown of the federal government.

"Because of the Democrats intransigence on Border Security and the great importance of Safety for our Nation, I am respectfully cancelling my very important trip to Davos, Switzerland for the World Economic Forum," said Trump on Twitter, adding "My warmest regards and apologies to the @WEF!"

Trump's suspension of his trip comes on the 20th day of the partial government shutdown resulting from his insistence that Congress approve $5.7 billion in funding to build portions of a wall along the US-Mexico border and the resolute opposition to this plan by Democrats, who control the House of Representatives.

Meanwhile, the president traveled on Thursday to the Texas border with Mexico to reiterate the need for the border wall in the face of the "humanitarian crisis" he claims exists there.

The inability of congressional Democrats and Republicans to reach agreement on including funds in the federal budget for Trump's much-touted wall has resulted in the paralysis of about 25 percent of the federal government due to lack of funding.

In addition to assorted departments and agencies that have halted or severely curtailed their activities due to the lack of funding, some 380,000 federal workers have been fully idled although 420,000 so-called "essential" employees have continued working without receiving paychecks.

Trump attended the exclusive global economic forum at Davos last year, where he defended his policy of "America first."

The White House had announced that Trump would be accompanied to Switzerland by a significant portion of his Cabinet, including Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo, along with his daughter and close adviser Ivanka Trump and her husband Jared Kushner, who is also one of Trump's closest advisers.

It remains to be announced what portion of the US delegation will still be traveling to Davos for the conclave.

The World Economic Forum is to be held in Davos from Jan. 22-25 with this year's central theme to be globalization in the era of the "Fourth Industrial Revolution," which is characterized by phenomena such as artificial intelligence, nanotechnology and the rise of the robotics industry.

News history
Latina America needs more health video games

Guadalajara, Mexico, Mar 21 (epa-efe).- The serious use of "video games" for health or sports is increasing in Latin America, but there is a lack of experts...

Rio de Janeiro shantytown is oasis in sea of violence

Rio de Janeiro, Mar 21 (efe-epa).- A far cry from the image of violence and lack of security in Rio de Janeiro's poor neighborhoods, the "favela" or...

Chinese car maker Geely sees net profit rise 18 percent in 2018

Beijing, Mar 21 (efe-epa).- Chinese automobile company Geely made a net profit of 12.55 billion yuan ($1.8 billion) in 2018, some 18 percent more than the...

Levi Strauss set to debut amid IPO boom

Bangkok Desk, Mar 21 (efe-epa).- Levi Strauss & Co. is set to go public for the second time Thursday as the jeans maker jumps on an IPO wave being ridden...

Bolivia allows planting of GM soy to make biodiesel

Cuatro CaƱadas, Bolivia, Mar 20 (efe-epa).- Soy producers in eastern Bolivia's Santa Cruz region welcome the government's decision to allow cultivation of...

Fed leaves rates unchanged, expects no hikes in 2019

Washington, Mar 20 (efe-epa).- The United States' Federal Reserve on Wednesday left its benchmark interest rate unchanged at a target range of between 2.25...

Entrepreneur with Down syndrome looks to spread happiness through crazy socks

Melville, New York, Mar 20 (efe-epa).- John Cronin, a young man with Down syndrome from the northeastern United States, is living out his dream as co-owner...

Bayer shares fall after legal setback on roundup weedkillers

Berlin, Mar 20 (efe-epa).- Bayer shares fell more than 12 percent in early trading Wednesday after the German chemicals and pharmaceuticals giant faced...

Taiwan surprises world with its whiskeys matured in barrels from Jerez

Francisco Luis Perez

Carlos Ghosn's case likely to be put on fast track, lawyer says

Tokyo, Mar 20 (efe-epa).- The trial of former Nissan Motor Co chairman Carlos Ghosn could begin as soon as the fall, his lawyer said, suggesting the court...

Disney completes buy of Fox's entertainment assets

Madrid, Mar 20 (efe-epa).- Walt Disney Co. closed its $71.3 billion acquisition of the major entertainment assets of 21st Century Fox, the companies said,...

US government orders audit on certification of Boeing 737 MAX 8

Washington, Mar 19 (efe-epa).- The US Department of Transportation announced Tuesday that it ordered an audit of the certification process of the Boeing 737...

Police stop Caracas opposition march; Trump, Bolsonaro discuss Venezuela

Caracas, Mar 19 (efe-epa).- Venezuela's Bolivarian National Police on Tuesday prevented public workers supporting the head of Parliament, Juan Guaido, as...

Report: Mexico has potential to be a technology pioneer

Mexico City, Mar 19 (efe-epa).- Mexico has the potential to become a world pioneer in technological innovation, thanks to its demographic growth,...

GM to invest $2.7 bn in Brazil plants over next 5 years

Sao Paulo, Mar 19 (efe-epa).- General Motors, which earlier this year told employees at two Brazilian plants that it faced a critical situation due to...

Asia shows love for champagne with growth in the market last year

Paris, Mar 19 (efe-epa).- Asian countries have shown their taste for champagne, with more consumed outside of France than in the country last year, a trade...

Police prevent Caracas march by Guaido supporters

Caracas, Mar 19 (efe-epa).- Venezuela's Bolivarian National Police on Tuesday prevented public workers supporting the head of Parliament, Juan Guaido, as...

Bolivian farmers crushed by drought and debt

By Yolanda Salazar

Foreign companies best able to build new Mexico refinery, president says

Mexico City, Mar 19 (efe-epa).- Mexico's president on Tuesday defended the decision to allow just a handful of foreign companies to bid on construction of a...

European regulators to give Boeing 737 MAX fix extra scrutiny

Madrid, Mar 19 (efe-epa).- Boeing Co's efforts to return the grounded 737 MAX airliner to the sky after two fatal crashes face another hurdle after the head...

Algerian turmoil threatens deals

Madrid, Mar 19 (EFE).- A contentious political transition in Algeria is creating uncertainty around a number of foreign investment deals in Africa's largest...

YouTube takes down tens of thousands of New Zealand attack videos

San Francisco, United States, Mar 18 (efe-epa).- YouTube on Monday announced that it has removed tens of thousands of videos of last week's Christchurch...

Boeing crashes spur debate over how much pilot training is enough

Bangkok Desk, Mar 19 (efe-epa).- The crashes of two Boeing Co. 737 MAX planes within five months are prompting regulators and pilots to reassess the bare...

Indigenous people demand their rights in La Paz after 41-day march

La Paz, Mar 18 (efe-epa).- Indigenous people from southern Bolivia arrived this Monday in La Paz after a 41-day, 700-kilometer (435-mile) march from Sucre,...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.