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MUSLIMS

Hollande warns Trump against ‘dead end response’

French President Francois Hollande on Saturday warned his new US counterpart Donald Trump against adopting a protectionist stance and called on him to respect the principle of accepting refugees.

Hollande warns Trump against 'dead end response'
President Donald Trump rings international leaders on Saturday. Photo: AFP
During a telephone conversation between the two leaders Hollande stressed the “economic and political consequences of a protectionist approach”,  the Elysée Palace said in a statement.
   
Trump on Friday signed an executive order suspending the US refugee resettlement programme for 120 days.
   
“Faced with an unstable and uncertain world, withdrawal into oneself is a dead-end response,” Hollande was quoted as saying.
   
He added that defending democratic principles required compliance with “the principles on which it is founded, in particular the acceptance of refugees”.
   
In addition to his freeze on refugee settlement Trump has also announced that visa applications from seven Muslim countries — Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen – are on hold for at least 90 days.
   
Hollande also insisted on “the importance for the planet of the implementation of the Paris convention on global warming”.
   
Trump has announced plans to undo climate policies and promote domestic energy development as part of his “America First” agenda.
   
The two leaders also discussed relations with Russia, with Hollande stressing “his wish to pursue and intensify dialogue on all subjects,” while adding that the Western sanctions in place against Moscow over the situation in Ukraine should not be lifted.
   
Hollande and Trump “agreed to continue with their discussions on essential issues,” according to the Elysee.
 
At a gathering of southern European Union leaders in Lisbon Saturday Hollande urged Europe to form a united front and provide a “firm” response to Trump.

DEUTSCHE BANK

Deutsche Bank set ‘to cut ties with Trump’

Deutsche Bank will cease its longstanding relationship with outgoing US president Donald Trump, The New York Times reported on Tuesday.

Deutsche Bank set 'to cut ties with Trump'
Deutsche Bank's headquarters in Frankfurt. Photo: DPA

Deutsche Bank was Trump's primary lender for two decades, and he owes the institution more than $300 million, according to the newspaper, which cited an unnamed source as saying the German lender “has decided not to do business with Mr. Trump or his company in the future.”

Deutsche Bank declined to comment to AFP.

The move comes on the heels of last week's violent attack on the US Capitol by Trump supporters at the president's incitement, and follows steps taken by other companies to cut ties with Trump and his businesses.

READ ALSO: Trump under investigation for Deutsche Bank ties

Christiana Riley, head of Deutsche Bank's US division, called the violent
siege on the Capital “a dark day for America and our democracy” in a post on LinkedIn last week.

“We are proud of our Constitution and stand by those who seek to uphold it to ensure that the will of the people is upheld and a peaceful transition of power takes place,” Riley said.

“It is my hope that these shocking events will result in a reinvigoration
of the principles our nation was built upon.”

Trump's relationship with Deutsche Bank has sparked numerous probes in the United States, including in New York, where the Manhattan District Attorney is investigating whether Trump committed financial crimes as he sought loans.

READ ALSO: 'Worlds between us': What Trump's German family's town thinks of him today

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