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Merkel and Corbyn: There’s Room for Decency in Public Life

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~By Saeed Naqvi

Two developments in Europe this week have brought cheer. First, Angela Merkel has held onto her job (even though only by the skin of her teeth). Secondly, the very citadel of western capitalism, The Economist, has editorially welcomed Jeremy Corbyn, a socialist in the Michael Foot mould, as Britain’s next Prime Minister, whenever elections take place. There is a stamp size photograph of Corbyn standing at 10 Downing Street, without a neck tie, of course.

 It is maliciously reported that smoke billowed out of Lord Peter Mandelson’s ears after he read the editorial while holidaying on an oligarch’s yacht. Tony Blair’s favourite sidekick and one of the architects of the now defunct New Labour, had sworn in 2015, that he would work hard to “undermine Corbyn”.

It is not that The Economist has suddenly turned pink. It is doing the best it can to cope with altered circumstances: if you can’t beat them, join them.

The trophy for prescience must go to Chris Mullin, writer and former Labour MP. In 2015, Mullin wrote an imaginary piece in The Guardian under the heading:

“All hail the Bearded One! The first 100 days of Jeremy Corbyn as Prime Minister”.

 “To general astonishment, among the early visitors to Downing Street is a grim-faced Rupert Murdoch. He is closeted with the new prime minister for more than an hour, at the end of which the following announcement is made.”

“First, that the Broadcasting Acts are amended, requiring Sky to compete on a level playing field with the main terrestrial TV channels. And secondly, that he relinquishes control of all his British newspapers which will, in future, be managed by a trust in which no single shareholder will have a controlling interest. Mr. Murdoch has accepted these conditions. Our discussions were amicable.”

While Corbyn is still in the realm of speculation, the historic German elections have stirred up the heart of Europe. From the wreckage around her, emerges Angela Merkel as a fourth term German Chancellor, testimony to the compelling power of decency in public life. If she were not a hardnosed politician also she would not be where she is – a titanic figure in world affairs. But a premium she places on moral and ethical values in decision making, shines through. This fourth term is her trophy on that count.

Daughter of a vicar in East Germany, her background has been something of an asset for her. It is the abiding Christian in her, in the highest sense of the term, that enabled her to rise above the din and keep compassion as an ingredient in her decision to accord hospitality to hapless Arab and North Africa migrants – totally against the prevailing political current.

She is too intuitive not to have known that she would be made to pay a price for her decision. As a consequence, the Bundestag will have for the first the ultra right wing AFD (Alternative for Germany) with 94 seats, making it the country’s third largest party much of it at Merkel’s cost. Marine Le Pen in France or Geet Wilder in the Netherlands also represent narrow, anti immigrant Xenophobia. In Germany the AFD resonates more frightfully. It stirs images of Nazism. But it would be a mistake to paint all the one million voters who moved away from the ruling Christian Democrats, with the same brush.

Let me add in parenthesis: voters moved away from CDU and its Bavarian partner, CSU, but, please note, much the largest number of the vote did not shift. They stayed with Angela Merkel. It must be put down to Merkel magic that in a House of 709, she still has 246 seats despite her immigration policy. But she is still 109 short of a majority. “One thing is clear” she announced with good natured mischief in her eyes. “They can’t form a government without us.”

 By the same token, she cannot form a government without them. The Social Democrats who were with her in a grand coalition in the outgoing government, have been decimated. They have decided to sit in the opposition.

If Merkel lost 8.5% of her vote because of her calculated decency, Martin Schulz of SPD is kicking himself for having lost 5.2% of his vote for the sin of looking like CDU’s B team. The fate of the Spanish Socialist party leader Pedro Sanchez must have haunted him. After two deadlocked elections, Sanchez was persuaded to abstain from a vote, enabling the Peoples Party Prime Minister Mariano Rajoy to sail through. Sanchez now looks a cipher in public life. Schulz wishes to escape that fate. There is accidental altruism in his decision too. By choosing to be in the opposition with 153 seats, he has effectively blocked AFD from taking the pulpit as leader of the opposition.

All of Merkel’s negotiating skills will be brought into play to forge what in German parlance is called a “Jamaica” coalition – black, yellow and Green representing the colours of CDU, FDP and Green. The combination happens to be the colour of the Jamaican flag.

How will Merkel reconcile her gentler, market approach to the Liberal, FDP leader, Christian Lindner’s unbridled capitalism?

Will there be difficulty striking a rapport with the Green’s Katrin Goring-Eckardt on environmental issues? Merkel did not hesitate calling off nuclear energy for Germany quite instinctively as soon as she witnessed Japan’s Fukushima disaster.

She will also work very hard to retrieve the million or so voters who drifted away from her because of her being “soft” on immigration. A hunch on Merkel is that she will not compromise on her core beliefs. One such belief concerns immigration. Refugees fleeing from the post 9/11 West Asian wars strike a very Christian chord with her.

Being practical, she will not accelerate migration; she will facilitate migrant leaders, NGOs, in establishing model migrant settlements. Unnecessary gestures unpopular with the electorate, will be discarded. She has already spoken with her usual honesty that talks with Turkey should be suspended on European entry. Where is the point in sustaining a dialogue with Turkey when nobody in Europe is willing to give up the medieval aversion to the “Turk”. Decades ago, French President Giscard d’Estaing declared with stunning candour: “European civilization is Christian civilization”. In it there was no room for a Muslim Turkey. Those were days when Turkey’s case could be supported because it still donned the secular cloak of Ataturk. Now Europe considers such support untenable: Turkey is quite transparently, Muslim Brotherhood.

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Nvidia CEO Jensen Huang resigns amid affair scandal, Colette Kress takes over

Nvidia CEO Jensen Huang has resigned amid an affair-related controversy. The company’s CFO, Colette Kress, will serve as interim CEO while the board looks for a permanent successor.

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colette kress

Nvidia CEO Jensen Huang has resigned from his position, marking a major leadership change at the world’s leading artificial intelligence chipmaker. The company’s board has appointed Chief Financial Officer Colette Kress as interim CEO while it begins the process of finding a permanent successor.

The development comes amid controversy surrounding reports of Huang’s alleged extramarital relationships, including one involving a Chinese businesswoman suspected by US authorities of having links to espionage activities.

Huang’s departure comes after more than three decades at the helm of Nvidia, the company he co-founded in 1993. His leadership helped transform the business from a graphics chip manufacturer into a dominant supplier of processors powering the global artificial intelligence industry.

Colette Kress appointed interim Nvidia CEO

Following Huang’s resignation, Nvidia’s board appointed Colette Kress as interim chief executive officer.

Kress, who has served as Nvidia’s executive vice president and CFO since September 2013, will continue to hold the finance portfolio alongside her interim leadership responsibilities until a permanent successor is appointed.

Before joining Nvidia, she spent nearly 25 years working in finance roles at major technology companies, including Cisco and Microsoft.

The board has said it will consider both internal and external candidates as part of its search for a permanent CEO.

Nvidia has also appointed Harvey C. Jones as the company’s first-ever chairman of the board.

Affair controversy surrounding Jensen Huang

Huang’s resignation follows a series of reports about alleged extramarital relationships that have raised questions about his position at the company.

One of the controversies involves Alice Huang, a Chinese businesswoman whom US intelligence agencies reportedly suspect of involvement in facilitating shipments of Nvidia chips to Chinese companies.

Another report alleged that Huang had a relationship with Kimberly Powell, Nvidia’s vice president of healthcare, who reportedly worked under him.

Huang had earlier acknowledged being unfaithful to his wife in a message to Nvidia employees, taking responsibility for his actions and apologising to his family and colleagues.

The company’s board had also initiated an independent investigation into whether Huang had been targeted as part of a foreign intelligence operation.

Jensen Huang’s departure marks a major change for Nvidia

Huang co-founded Nvidia in 1993 alongside Curtis Priem and Chris Malachowsky. Under his leadership, the company evolved from a graphics processing unit manufacturer primarily associated with gaming into a central player in the global AI industry.

Nvidia’s processors have become critical to companies developing and operating artificial intelligence systems, making the company one of the most influential businesses in the technology sector.

His departure also comes at a crucial time for Nvidia, with investors closely watching the company’s leadership transition and its ability to maintain its position in the rapidly expanding AI market.

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India, Canada discuss trade pact to boost bilateral commerce

India and Canada discussed advancing negotiations on a proposed Comprehensive Economic Partnership Agreement aimed at expanding trade, investment and market access between the two countries.

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India and Canada discussed advancing negotiations on a proposed trade agreement as the two countries seek to strengthen their economic and commercial ties.

Commerce and Industry Minister Piyush Goyal met Canada’s Minister of International Trade Maninder Sidhu, who is leading a Canadian delegation to India. The discussions focused on advancing negotiations for the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA).

The proposed pact is aimed at creating greater market access and opening up new opportunities for trade and investment between the two countries.

India-Canada CEPA talks

Both sides discussed the importance of a balanced and mutually beneficial agreement that can make use of the complementary strengths of the two economies.

The discussions also focused on deepening commercial engagement and creating new opportunities for businesses in both countries.

Goyal said the two sides reaffirmed their commitment to taking the India-Canada economic partnership to a higher level, with CEPA serving as a catalyst for deeper commercial engagement.

India and Canada are working towards concluding the CEPA negotiations by the end of 2026.

India-Canada trade

The proposed CEPA is aimed at improving market access and creating opportunities across sectors while strengthening the broader economic relationship between India and Canada.

The agreement is expected to provide greater opportunities for businesses in both countries and support deeper trade and investment ties.

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White House put on temporary lockdown after car crashes into signpost

The White House was temporarily placed under lockdown after a car crashed into a signpost near Lafayette Square in Washington, DC. The driver was detained after a confrontation with security personnel.

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The White House was placed under a temporary lockdown on Monday after a car crashed into a signpost at Lafayette Square near the presidential residence in Washington, DC.

The incident triggered a security response in the area, with the US Secret Service directing members of the White House press corps to move indoors and remain there temporarily.

Driver detained after confrontation with security personnel

The driver was detained following a confrontation with Secret Service officers and National Guard personnel, according to reports.

Video footage showed a silver sedan on the paved area at the northern end of Lafayette Square after striking a signpost. Smoke was also seen coming from the vehicle.

Authorities had not immediately disclosed the driver’s identity or established what led to the crash.

White House security restrictions imposed

The security response prompted temporary restrictions around the White House. The incident occurred at Lafayette Square, which is directly across Pennsylvania Avenue from the presidential complex.

At around 10 am local time, Secret Service personnel instructed White House journalists to move indoors while security personnel dealt with the incident.

The White House was under the security restriction while President Donald Trump was at the premises, according to reports.

Motive behind crash remains unclear

It was not immediately known whether the crash was accidental or deliberate. Authorities had also not immediately confirmed whether anyone was injured.

The circumstances surrounding the incident, including the driver’s identity and possible motive, remained under investigation.

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