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Tuesday, January 31, 2023
  • Market Overview
    Most Adani shares continue losses; founder loses $28 billion in month

    Most Adani shares continue losses; founder loses $28 billion in month

    Russia-Ukraine war updates for Nov.30, 2022

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    Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

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    Young disgruntled workers are flocking to Reddit. Here’s why

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    FTX CEO Sam Bankman-Fried denies crypto exchange fraud

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    Trenches, endless mud and death: the Battle of Bakhmut

    Trenches, endless mud and death: the Battle of Bakhmut

    Stock futures tick higher after Wednesday’s rally

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    MARKET LIVE: Sensex off 300pts from high, Nifty holds 18,800; ICICI slips

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  • Stock Markets
    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

    Coppock Curve: Who Says ‘You Can’t Time The Market’?

    Coppock Curve: Who Says ‘You Can’t Time The Market’?

    Rondure Global Advisors Q3 2022 Commentary

    Rondure Global Advisors Q3 2022 Commentary

    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

    Macro Headwinds To Keep Pressure On Copper Prices

    Macro Headwinds To Keep Pressure On Copper Prices

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    Meta executive says holiday sales were earlier and bigger this year By Reuters

    Investors with $30 trln to push companies on human rights, social issues By Reuters

    Investors with $30 trln to push companies on human rights, social issues By Reuters

    Exclusive-U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors By Reuters

    Exclusive-U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors By Reuters

  • Analysis Forex
    Pension Investments in Private Credit Hit Eight-Year High

    Pension Investments in Private Credit Hit Eight-Year High

    Most Viewed Business News Articles, Top News Articles

    Most Viewed Business News Articles, Top News Articles

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Inequality in Society Drives Stock-Market Performance

    Inequality in Society Drives Stock-Market Performance

    Being a Cheap Date Is Suddenly a Major Plus

    Being a Cheap Date Is Suddenly a Major Plus

    Car Makers Face Bumpier Road in China

    Car Makers Face Bumpier Road in China

    Meet Kevin, the ETF – WSJ

    Meet Kevin, the ETF – WSJ

  • Economy
    Goldilocks and the three bears By Reuters

    Goldilocks and the three bears By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    Indonesia November inflation cools further but stays above target By Reuters

    U.S. appeals court rejects Biden’s bid to revive student debt plan By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    IMF strategy chief heads to China, to focus on speeding up debt treatments By Reuters

    Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

    European shares jump on Powell’s speech, China relief By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    Philippines central bank ready to adjust policy settings amid resilient economy By Reuters

    China factory, services activities slide to 7-month lows on COVID curbs By Reuters

    Zambia on track for debt restructuring next quarter -finance minister By Reuters

    Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

    At state visit, Biden and Macron face dispute over American subsidies By Reuters

    Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

    RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll By Reuters

  • Cryptocurrency
    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

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    Over 3,000 New UNI Addresses Following NFT Aggregator Launch By CoinEdition

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    FTX Token caused downfall, but tech still revolutionary By Cointelegraph

    Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and more… By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

  • Forex
    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    Swiss inflation steady at 3.0% in November as expected By Reuters

    Euro sags against sterling after euro zone inflation cools By Reuters

    Asia FX rallies, dollar sinks as Powell touts tepid rate hikes By Investing.com

    Asia FX rallies, dollar sinks as Powell touts tepid rate hikes By Investing.com

  • Commodities
    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    Exclusive: China to allow home quarantine for some infected with COVID

    EU defends gas price cap proposal after country criticism By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

    Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

    Europe wary of Turkish hub to hide gas ‘made in Moscow’ By Reuters

    Europe wary of Turkish hub to hide gas ‘made in Moscow’ By Reuters

  • Bonds
  • More
    • Analysis Cryptocurrency
    • Economic Indicators
      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Investors need a different playbook for 2023

      Investors need a different playbook for 2023

      Fed hints at less aggressive rate increase

      Fed hints at less aggressive rate increase

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      FirstFT: EU and US turn up the heat on Elon Musk

      Jay Powell is no dove

      Jay Powell is no dove

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      Emerging market stocks and bonds stage powerful rebound rally

      Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

      India’s jobless rate rises to three-month high of 8% in Nov

      Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

      India Nov factory activity hits 3-month high as inflation cools By Reuters

      Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

      German retail sales fall in October as inflation takes hold By Reuters

    • Analysis Stock Markets
    • Crypto News
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  • Market Overview
    Most Adani shares continue losses; founder loses $28 billion in month

    Most Adani shares continue losses; founder loses $28 billion in month

    Russia-Ukraine war updates for Nov.30, 2022

    Russia-Ukraine war updates for Nov.30, 2022

    Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

    Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

    Young disgruntled workers are flocking to Reddit. Here’s why

    Young disgruntled workers are flocking to Reddit. Here’s why

    FTX CEO Sam Bankman-Fried denies crypto exchange fraud

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    U.S. appeals court rejects Biden’s bid to reinstate student debt plan

    Trenches, endless mud and death: the Battle of Bakhmut

    Trenches, endless mud and death: the Battle of Bakhmut

    Stock futures tick higher after Wednesday’s rally

    Stock futures tick higher after Wednesday’s rally

    MARKET LIVE: Sensex off 300pts from high, Nifty holds 18,800; ICICI slips

    MARKET LIVE: Sensex off 300pts from high, Nifty holds 18,800; ICICI slips

  • Stock Markets
    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

    Ryanair sees “robust” travel demand over Easter, summer holidays By Investing.com

    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

    Marriott International: Cozy Fundamentals With A Costly Stock (NASDAQ:MAR)

    Coppock Curve: Who Says ‘You Can’t Time The Market’?

    Coppock Curve: Who Says ‘You Can’t Time The Market’?

    Rondure Global Advisors Q3 2022 Commentary

    Rondure Global Advisors Q3 2022 Commentary

    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

    Adobe Stock: Buy The Dip In This Excellent Compounder (NASDAQ:ADBE)

    Macro Headwinds To Keep Pressure On Copper Prices

    Macro Headwinds To Keep Pressure On Copper Prices

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    Meta executive says holiday sales were earlier and bigger this year By Reuters

    Investors with $30 trln to push companies on human rights, social issues By Reuters

    Investors with $30 trln to push companies on human rights, social issues By Reuters

    Exclusive-U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors By Reuters

    Exclusive-U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors By Reuters

  • Analysis Forex
    Pension Investments in Private Credit Hit Eight-Year High

    Pension Investments in Private Credit Hit Eight-Year High

    Most Viewed Business News Articles, Top News Articles

    Most Viewed Business News Articles, Top News Articles

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    stock recommendations: Hot Stocks: Gland Pharma, Mirza International and Agro Tech Foods could give 19-30% return

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    tata play ipo: Tata Play becomes first firm to file confidential papers with Sebi for IPO

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Fundamental Radar: 6 reasons why TCI Express could rally 20% in next 12 months

    Inequality in Society Drives Stock-Market Performance

    Inequality in Society Drives Stock-Market Performance

    Being a Cheap Date Is Suddenly a Major Plus

    Being a Cheap Date Is Suddenly a Major Plus

    Car Makers Face Bumpier Road in China

    Car Makers Face Bumpier Road in China

    Meet Kevin, the ETF – WSJ

    Meet Kevin, the ETF – WSJ

  • Economy
    Goldilocks and the three bears By Reuters

    Goldilocks and the three bears By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    U.S. Inflation Reduction Act ‘super aggressive,’ Macron tells lawmakers By Reuters

    Indonesia November inflation cools further but stays above target By Reuters

    U.S. appeals court rejects Biden’s bid to revive student debt plan By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    IMF strategy chief heads to China, to focus on speeding up debt treatments By Reuters

    Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

    European shares jump on Powell’s speech, China relief By Reuters

    Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

    Philippines central bank ready to adjust policy settings amid resilient economy By Reuters

    China factory, services activities slide to 7-month lows on COVID curbs By Reuters

    Zambia on track for debt restructuring next quarter -finance minister By Reuters

    Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

    At state visit, Biden and Macron face dispute over American subsidies By Reuters

    Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

    RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll By Reuters

  • Cryptocurrency
    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Secret Network validator shuts down nodes after leadership turmoil By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    Over 3,000 New UNI Addresses Following NFT Aggregator Launch By CoinEdition

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    Sam Bankman-Fried confronted over the fall of FTX in live interview By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’ By Cointelegraph

    FTX Token caused downfall, but tech still revolutionary By Cointelegraph

    Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and more… By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    Digital identity platform integrates with zkSync for on-chain KYC By Cointelegraph

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

    U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

  • Forex
    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Japanese Yen Leaps as US Dollar Sinks Post Powell. Is the Peak in Place for USD/JPY?

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Aussie Feeds Off Risk-On Sentiment Fueled by China and Fed

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    Dollar slips lower; Powell speech, GDP data due By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    EUR/USD ignores positive inflation surprise ahead of busy U.S. schedule By Investing.com

    Swiss inflation steady at 3.0% in November as expected By Reuters

    Euro sags against sterling after euro zone inflation cools By Reuters

    Asia FX rallies, dollar sinks as Powell touts tepid rate hikes By Investing.com

    Asia FX rallies, dollar sinks as Powell touts tepid rate hikes By Investing.com

  • Commodities
    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Oil falls ahead of OPEC+, U.S. Federal Reserve meetings By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    Coterra Energy to pay $16.29 million for Pennsylvania water contamination plea By Reuters

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    European Gas Jumps as Lower Temperatures Set to Increase Demand By Bloomberg

    Exclusive: China to allow home quarantine for some infected with COVID

    EU defends gas price cap proposal after country criticism By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    OPEC oil output drops in November after cut pledged -survey By Reuters

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Oil up nearly 3% on jumbo U.S. crude draw as reserves use plummets   By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

    Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

    Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

    Europe wary of Turkish hub to hide gas ‘made in Moscow’ By Reuters

    Europe wary of Turkish hub to hide gas ‘made in Moscow’ By Reuters

  • Bonds
  • More
    • Analysis Cryptocurrency
    • Economic Indicators
      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Spain’s 12-month inflation rate inched up to 5.8% in January By Reuters

      Investors need a different playbook for 2023

      Investors need a different playbook for 2023

      Fed hints at less aggressive rate increase

      Fed hints at less aggressive rate increase

      FirstFT: EU and US turn up the heat on Elon Musk

      FirstFT: EU and US turn up the heat on Elon Musk

      Jay Powell is no dove

      Jay Powell is no dove

      Emerging market stocks and bonds stage powerful rebound rally

      Emerging market stocks and bonds stage powerful rebound rally

      Thai central bank raises key interest rate by 25 bps to 1.25% By Reuters

      India’s jobless rate rises to three-month high of 8% in Nov

      Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll By Reuters

      India Nov factory activity hits 3-month high as inflation cools By Reuters

      Dollar slips from one-week high on China hopes as Powell speech looms By Reuters

      German retail sales fall in October as inflation takes hold By Reuters

    • Analysis Stock Markets
    • Crypto News
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At state visit, Biden and Macron face dispute over American subsidies By Reuters

December 1, 2022
in Economy
Dollar slips from one-week high on China hopes as Powell speech looms By Reuters
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At state visit, Biden and Macron face dispute over American subsidies© Reuters. U.S. President Joe Biden and French President Emmanuel Macron walk next to vehicles as they meet for dinner at Fiola Mare restaurant in the Georgetown neighborhood of Washington, U.S., November 30, 2022. REUTERS/Evelyn Hockstein

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By Steve Holland and Michel Rose

WASHINGTON (Reuters) – U.S. President Joe Biden and French President Emmanuel Macron will celebrate more than 200 years of U.S.-French relations on Thursday but simmering in the background is a dispute over new American subsidies that has riled Europe.

Biden is hosting Macron at the first state visit since the U.S. leader took office in early 2021. Biden and his wife Jill are playing up the pageantry with a colorful arrival ceremony planned and 200 live lobsters flown in from Maine for a glittering state dinner.

The two leaders are to hold talks then conduct a joint news conference at 11:45 a.m. EST (1645 GMT). Macron and his wife, Brigitte, arrived in Washington on Tuesday for his second state visit to the United States since taking office in 2017.

Biden, 80, and Macron, 44, have had many meetings at international gatherings but this will be the most amount of time they have spent in each other’s company.

The two leaders dined together on Wednesday night at an Italian restaurant called Fiola Mare in the historic Georgetown area in a gesture of bonhomie.

Macron is expected to raise French and European concerns about subsidies in Biden’s Inflation Reduction Act (IRA), a $430 billion bill that offers massive subsidies for U.S.-made products and is aimed at addressing the climate crisis.

European leaders say the legislative package signed by Biden in August is unfair to non-American companies and would be a serious blow to their economies as Europe deals with the fallout from Russia’s February invasion of Ukraine.

In a meeting on Wednesday with U.S. lawmakers at the Library of Congress, Macron said the act was “super aggressive” toward European companies, one participant told Reuters on condition of anonymity.

Macron told the French community in Washington that the cost of the war in Ukraine was much higher in Europe than in the United States and that Europe risked falling behind if the subsidies siphoned new investments. This could “fragment the West,” he said.

There was no sign that Biden was prepared to make concessions.

White House spokesperson Karine Jean-Pierre said the legislation “presents significant opportunities for European firms as well as benefits to EU energy security,” when asked about European concerns.

Macron is the first foreign leader to be given a state dinner at the Biden White House, a sign of his importance to Washington despite some differences with the Biden administration.

The formal dinner in a pavilion on the White House South Lawn will feature music from Jon Batiste, Chardonnay from the Napa Valley and cheeses from Oregon, California and Wisconsin.

Russia’s invasion of Ukraine will most likely be a major topic in the talks. Both leaders have sought to bolster support for the Ukrainian military.

Macron’s visit came as NATO ministers met in Bucharest and pledged more aid to Ukraine to help against Russia’s attacks on energy infrastructure as winter bites.

The alliance, of which the United States and France are founding members, was also discussing how to address challenges posed by China’s military buildup and its cooperation with Russia, U.S. Secretary of State Antony Blinken said. Macron has said in the past that China should not be a focus for NATO.

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