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TRUMP

French construction giant Vinci says ‘non’ to helping build Trump’s wall

The CEO of the French construction group Vinci said Tuesday that he would not participate in the building of any wall on the US border with Mexico, called for by President Donald Trump.

French construction giant Vinci says 'non' to helping build Trump's wall
Photo: AFP

“I have to take into account the reality of my company, our culture, our way of doing things and our sensitivities, not only those of my American colleagues, but around the world,” Xavier Huillard told BFM Business television.

“For these reasons, and this is not at all a value judgment on the United States, we prefer not to touch this wall.”

The barrier that Trump has promised to erect along the US-Mexico border, a project valued at tens of billions of dollars, is at the centre of a diplomatic crisis between Mexico City and Washington and is provoking criticism around the world.

“If we decide to do something that's likely to offend a majority of our employees, I think it's wiser to avoid it,” Huillard said.

Vinci is the latest company to stake its ground on what would be an enormous project potentially worth billions of dollars for suppliers and builders.

The CEO of Vinci's French rival Bouygues said last month that he was not interested in the project, saying it would be “a metal structure” in which his company did not have any particular expertise.

But the French-Swiss group LafargeHolcim is ready to sell its cement to build the controversial border wall, the company's chief said in an interview this month.

“We are here to supply our customers' needs,” Eric Olsen told AFP. “We don't have a political view on things.”

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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