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US President Donald Trump hosted a closed-door dinner for hundreds of top investors in his crypto memecoin Thursday, as sign-holding protesters outside and Democratic opponents decried the event as blatant “corruption.”The unprecedented melding of US presidential power and personal business took place at Trump’s golf club outside Washington, where Trump flew by helicopter to meet the 220 biggest purchasers of his $TRUMP memecoin.The top 25 investors, according to an event website, were to get a private session with Trump beforehand and a White House tour.Trump launched the memecoin three days before his inauguration in January, quickly increasing his net worth by billions and prompting major, first-of-their-kind ethics questions.The White House downplayed those concerns Thursday, insisting Trump was attending in his “personal time.”The president posted on his Truth Social platform ahead of the event that “the U.S.A. is DOMINATING in Crypto, Bitcoin, etc.” and pledged to “keep it that way.”Photos posted online by attendees to the dinner — press were not allowed inside — showed a lectern sporting the presidential seal, apparently for Trump to deliver remarks.Protesters gathered outside the golf course despite rainy skies, some carrying signs reading “stop crypto corruption” and “no kings.”Earlier in the day, Democratic senators held a press conference to denounce the event and call for disclosure of who would be attending.Calling the dinner “an orgy of corruption,” Senator Elizabeth Warren slammed Trump for “using the presidency of the United States to make himself richer through crypto.”Data analytics firm Inca Digital has confirmed that many transactions occurred through international exchanges unavailable in the United States, suggesting foreign buyers.- ‘Slap in the face’ -A site listing the “official winners” of $TRUMP coin holders included only usernames and digital wallet addresses, with the number-one spot held by “Sun.”Chinese-born crypto entrepreneur Justin Sun has touted a $20 million commitment to the memecoin as part of his $93 million total investment in Trump-linked crypto ventures.Sun, founder of top 10 cryptocurrency TRON, was under investigation by US authorities for market manipulation, but regulators, now controlled by Trump appointees, agreed in February to a 60-day pause to seek a settlement.”Apparently, I’m at the VIP lounge waiting for the President to come with everybody,” a tuxedo-clad Sun said in a video posted on X Thursday evening. Trump departed the golf course just over an hour after his arrival.Justin Unga of advocacy group End Citizens United described the crypto dinner as a blatant example of Trump profiting from the presidency while roiling the US economy.”Some say this is a back door to corruption,” Unga said.”I would argue it’s the front door with valet parking, and it’s got a red carpet… and a slap in the face of hard working Americans.”- Expanding empire -The dinner came as the US Senate is pushing through legislation to more clearly regulate cryptocurrencies, a long-sought request of the industry, and as Trump expands his business network into the field.Senators on Monday advanced a landmark bill known as the GENIUS Act that proposes a regulatory framework for stablecoins — a type of crypto token seen as more predictable for investors as its value is pegged to hard currencies like the dollar.Bitcoin’s price hit a new all-time high on Thursday, climbing above $111,000 before falling slightly.Trump’s newfound enthusiasm for digital currencies has expanded into multiple ventures led primarily by his eldest sons.Their growing portfolio includes investments in Binance, a major crypto exchange whose founder seeks a presidential pardon to re-enter the US market.This investment flows through World Liberty Financial, a Trump family-backed venture launched last September with significant Mideast deals. The company’s founding team includes Donald Jr. and Eric Trump alongside Zach Witkoff, son of Trump’s diplomatic adviser.President Trump has taken concrete steps to reduce regulatory barriers, including an executive order establishing a “Strategic Bitcoin Reserve” for government holdings of the leading digital currency.

The suspect accused of gunning down two Israeli embassy staffers outside a Jewish museum in Washington was charged Thursday with murder, as international tensions over anti-Semitism erupted over the attack.Elias Rodriguez, 31, shouted “Free Palestine” as he was taken away by police after the shooting late Wednesday outside the Capital Jewish Museum, prosecutors said in a court document. “I did it for Palestine, I did it for Gaza,” he told the officers.The Chicago man made an initial court appearance Thursday after being charged with two counts of first-degree murder and murder of foreign officials. If convicted, he could receive the death penalty.Authorities were investigating the shooting “as an act of terrorism and as a hate crime,” Jeanine Pirro, interim US attorney for the District of Columbia, told reporters.”I suspect as we go forward… that there will be more charges added,” she said, noting that a preliminary hearing was set for June 18.The shooting triggered international outrage and finger-pointing as Israel’s foreign minister Gideon Saar blamed European criticism of his country’s stepped-up Gaza offensive, claiming “a direct line connecting anti-Semitic and anti-Israeli incitement to this murder.””This incitement is also done by leaders and officials of many countries and international organizations, especially from Europe,” he said.French foreign ministry spokesman Christophe Lemoine called the accusation “completely outrageous and completely unjustified.”Israeli Prime Minister Benjamin Netanyahu cited “the terrible price of anti-Semitism” and decried “wild incitement against the State of Israel.”Soon after the shooting, President Donald Trump — who spoke with Netanyahu on Thursday — posted on social media that the attack was clearly anti-Semitic.The killings took place outside the Capital Jewish Museum, located a mile (1.6 kilometers) from the White House, following a social event hosted by the American Jewish Committee for young Jewish professionals and the Washington diplomatic community.Israel identified the victims as Yaron Lischinsky, an Israeli citizen, and Sarah Lynn Milgrim, a US employee of the embassy, and said they were a couple planning to marry.- ‘Mass murderers’ -The attack came days after the museum was awarded a grant to boost security, as anti-Semitism surges worldwide in the wake of Israel’s devastating invasion of Gaza, prompted by the October 7, 2023 attack by Palestinian militant group Hamas.Tensions have risen in the United States and many other countries over the ongoing Israeli assault on Gaza, with pro-Palestinian activists decrying what they say is the intolerable human cost of the military offensive.Britain and France — who have stepped up their criticism of Israel’s actions — were among those condemning the shooting, as well as Germany and the United Arab Emirates.But Netanyahu on Thursday accused France, Britain and Canada of emboldening militants, saying “they want Israel to stand down and accept that Hamas’s army of mass murderers will survive, rebuild and repeat the October 7 massacre.”- ‘Anti-Semitism, I feel it every day’ – Police said Rodriguez was seen pacing outside the museum before the shooting around 9:00 pm (0100 GMT Thursday).According to court documents, Rodriguez approached his victims, who were facing away from him, and fired 21 rounds. He shot multiple times at the couple after they were already on the ground and fired at Milgram as she tried to crawl away.Witnesses said security personnel at first mistook the gunman for a victim of the shooting and allowed him into the museum, where he was initially comforted by bystanders.”They sat him down. ‘Are you OK? Were you shot? What happened?’ And he’s like ‘Somebody call the cops’,” Yoni Kalin, who was in the museum, told US media.Lischinsky was a researcher at the Israeli embassy, while Milgrim worked for its public diplomacy department, according to their LinkedIn profiles.On Thursday, mourners gathered at the museum in Washington to sing and pray.”Obviously the war is awful,” mourner Gil Livni told AFP. “(But) anti-Semitism, I feel it every day… people that I thought were my friends showing that they are anti-Semitic. It’s become the norm.”Hadar Susskind, president and CEO of New Jewish Narrative, described the moment as “unbelievably painful … this cannot be the answer.” bur-st-sms-nl/des

Outrage over George Floyd’s killing by police catapulted Black Lives Matter into one of the largest protest movements in US history, with angry crowds chanting the slogan at rallies from Los Angeles to Washington.But five years on, the protesters are gone and an iconic monument outside the White House has been erased, leaving many to wonder if the movement blew its chance for historic change by failing to win over the American public.”It’s very easy to wear the T-shirt, utter the slogan, but then you looked at what they were asking for,” Yohuru Williams, who runs the Racial Justice Initiative at the University of St Thomas, told AFP.Despite widespread revulsion at racism and police brutality in the wake of Floyd’s May 2020 death, many turned away when BLM activists broadened their message to calling for the defunding of law enforcement.National support for the Black Lives Matter movement is now 52 percent, according to Pew Research, down 15 percentage points since June 2020, a month after police officer Derek Chauvin killed Floyd during an arrest in Minneapolis.Initially, Floyd’s death was hailed as a catalyst for a national reckoning similar to the 1960s civil rights movement.Protests, some turning into riots, spread across the country — right up to the gates of the White House, where Donald Trump was serving his first term.Pent-up energy from Covid lockdowns fed the anger, which coalesced around BLM, until then a loose organization founded in 2013 to protest racially motivated violence.Activists soon widened their focus to systemic racism, with monuments of slave owners removed and some companies investing in diversity initiatives to support ethnic minorities.- Missed opportunity -Despite the ambition, Williams said that BLM has achieved “very little.””The moral clarity of 2020 has not translated into enough political courage,” Phillip Solomon, a professor of African-American Studies and Psychology at Yale University, told AFP.The George Floyd Justice in Policing Act, which proposed law enforcement reforms, including nationwide bans on dangerous chokeholds during arrests, has failed to pass US lawmakers.Solomon said Floyd’s killing –- he called it a “lynching” -– opened an opportunity for change that was missed and is now facing a backlash.The election of Trump to a second term — despite his racially charged rhetoric and heavy support from far-right figures –- reflects deep-rooted tensions, he said.”I think this moment is a microcosm of America,” Solomon added.Race inequality has long sparked protests in the United States, where segregation only legally ended in the 1960s after a relentless campaign of marches and civil disobedience.Floyd’s death came in the context of dozens of other high-profile instances of police brutality against Black people –- something that smartphones and social media can now rapidly document and share.- ‘Reversed with a vengeance’ -There have been police reforms in some states primarily focused on limiting the amount of force officers can use, as well as local programs to send unarmed responders instead of police to selected callouts.However, many say these measures are insufficient.Medaria Arradondo -– serving as the first Black police chief of Minneapolis when Floyd died -– told AFP he was worried about the “grave consequences” of failing to enact more reforms.”I hope and pray that we as a nation are not sleepwalking our way into the next critical crisis,” he said.Civil rights group the National Urban League this month published a report warning that marginalized communities have been “pushed deeper into survival mode” after Floyd’s death.League president Marc Morial said at a conference that steps to address racial injustices have “been reversed with a vengeance.”Trump’s Justice Department has axed all outstanding civil rights investigations from the outgoing Joe Biden administration, ended police accountability agreements, and cracked down on diversity hiring. Some of Trump’s more extreme supporters have gone as far as calling for Chauvin to be pardoned.But Arradondo said he remains optimistic. “History has shown we make incremental change,” he said, “We’re going to have a lot of hard work ahead of us, but I believe we will get there.”

Before they were killed by a gunman outside a Washington Jewish museum, Yaron Lischinsky had planned to make a formal proposal of marriage to Sarah Milgrim in Jerusalem next week.As their deaths late Wednesday intensify the international spotlight on the Israel-Hamas war in Gaza, here is what we know about the two Israeli embassy staffers shot dead after attending a networking event for young professionals.- Yaron Lischinsky -The 30-year-old had worked as a researcher at the Israeli embassy in Washington since 2022. He was born in Nuremburg, Germany and moved to Israel at the age of 16 and had dual nationality.Lischinsky studied at Reichman University in Tel Aviv and Hebrew University in Jerusalem. Ron Prosor, the Israeli ambassador in Berlin, described Lischinsky as a “brilliant” and “curious” student when he taught him at Reichman. Nissim Otmazgin, a humanities professor at Hebrew University, said the slain man had dreamed of becoming a diplomat.Lischinsky spoke fluent German, according to the German-Israeli Friendship Society. Volker Beck, the society president, said Lischinsky’s “interest in German-Israeli relations and ways to achieve peaceful coexistence in the Middle East brightened the environment around him.” He met Sarah Milgrim when she started working at the Israeli mission. According to Yechiel Leiter, Israel’s ambassador in Washington, Lischinsky had bought a ring. The couple planned to fly to Jerusalem on Sunday to meet his family and Lischinsky was to propose there next week.  – Sarah Milgrim -The LinkedIn photo of 26-year-old Sarah Milgrim showed a smiling woman with curly red hair standing between Israeli and US flags. She had worked in the public diplomacy section at the embassy in Washington since 2023.Milgrim was a leading choir member at her school near Kansas City and earned a degree in environmental science from the University of Kansas. She also attended a American University in Washington and a UN University for Peace program. She had a master’s degree in international studies and sustainable global development, according to her father Robert.The Milgrim family were not aware of the upcoming proposal. Her father said the Israeli ambassador told them about it when he telephoned Wednesday night to inform them of the young couple’s death.Milgrim’s mother Nancy told The New York Times she had been planning to fly to Washington on Sunday to look after her daughter’s dog.She had seen alerts on her phone about the shooting in Washington, and tracked her daughter to the Capital Jewish Museum before the ambassador’s call. “I pretty much already knew,” the father told The New York Times.After university Milgrim spent a year in Israel working with the Tech2Peace group aimed at bringing together young Israelis and Palestinians for seminars on peacemaking and tech training.On LinkedIn, she said she had carried out a study “on the role of friendships in the Israeli-Palestinian peacebuilding process.””She was doing what she loved, she was doing good,” her father told US media.

Several people were killed when a small plane crashed in a California neighborhood before dawn Thursday, destroying a home and setting more than a dozen cars on fire.At least 10 houses were hit by debris and vehicles on both sides of a street went up in flames when the Cessna 550 slammed into the ground, spewing burning jet fuel in a part of San Diego that is home to military families.San Diego Fire Department Assistant Chief Dan Eddy told reporters one house had been badly damaged, but that no one on the ground had been seriously hurt.”When (the plane) hit the street, as the jet fuel went down, it took out every single car that was on both sides of the street,” he said.The plane had six people aboard, according to the US Federal Aviation Administration.One of the dead was identified as Dave Shapiro, a music agent who founded San Diego-based Sound Talent Group (STG).The company said two other members of staff who were aboard the plane had also died.”We are devastated by the loss of our co-founder, colleagues and friends,” an STG spokesperson told US media.The San Diego Police Department said Thursday afternoon that at least two people had died, but first responders at the scene said the plane had been totally destroyed and they expected the toll to rise.- ‘Engulfed in flames’ -Yasmine Sierra told AFP how she had helped her neighbors escape their burning house in the middle of the night after being awakened by what she initially thought was an earthquake.”It looked like all the homes were on fire because I could see the smoke and the flames, it looked like the trees were on fire,” she said.Moments later she heard screams from her neighbors who were trapped in their back garden.”Me and my son grabbed the ladder, we jumped on our trampoline, and we tried to bounce as much as we possibly could, to throw that ladder over so that they can climb onto the ladder into our backyard,” said Sierra, 35.A woman, two children and two small dogs climbed to safety over the ladder.”She was very distraught when she came over. I brought her to the front of the house, and I told her that, you know, we needed to leave.”Jeremy Serna, 31, who is in the Navy, said he and his wife had been awoken by a loud bang.”We looked outside, and the sky was orange. And then I came running outside to see what it was, and everything was on fire over here,” he told AFP.”I saw the corner house was just engulfed in flames. And then came back over here and told my wife, hey, we have to get out of here.”- Thick fog -Investigators were combing the scene Thursday, picking through the scattered debris of the plane, which appeared to have broken into hundreds of pieces.Bits of fiberglass were scattered among the twisted and charred remains of cars, and the smell of fuel hung in the air.The accident happened in thick fog when the plane, which had come via Kansas, was nearing the Montgomery-Gibbs Executive Airport.It was not immediately clear what had happened, but the fire department’s Eddy said a nearby power line appeared to have been clipped.The plane went down around 3:45 am (1045 GMT), according to the Federal Aviation Administration, striking the Murphy Canyon neighborhood.The residential area is largely military housing. San Diego is home to US Navy facilities, Marine Corps bases and Coast Guard stations.The accident came at a time of heightened tension in the skies above America.Air traffic control outages have struck the busy Newark airport on the East Coast at least twice in recent weeks, and in January there was a mid-air collision over Washington between a passenger plane and a military helicopter.This month two people died when their small plane crashed into a residential neighborhood northwest of Los Angeles.

A US court on Thursday ordered a former Mexican security chief convicted of drug trafficking and his wife to pay more than $2.4 billion to their country, Mexico’s government said.Mexico sued Genaro Garcia Luna, who is imprisoned in the United States, for alleged corruption and money laundering involving dozens of public contracts.The ruling is the latest twist in the saga of the former high-flying minister who earned himself the nickname of “supercop” but instead aided and abetted drug traffickers.The money awarded by a Florida court is three times the amount that the Mexican government had originally sought, a government statement said. It said Garcia Luna was ordered to pay nearly $749 million and his wife Linda Cristina Pereyra is to pay a staggering $1.74 billion.”The judgment is consistent with seven guilty verdicts previously issued and enforced against Garcia Luna, his wife, and his five companies as a result of their failure to appear at trial,” the statement added.It said that nearly $3 million had already been recovered from assets, including a company owned by the couple, as well as real estate.Garcia Luna, 56, was convicted by a US court in 2023 of taking millions of dollars in bribes to allow the Sinaloa Cartel to smuggle tons of cocaine.A New York judge sentenced him to more than 38 years in prison and a $2 million fine.Garcia Luna, who held high-ranking security positions in his country from 2001 until 2012, was the highest-ranking Mexican government figure ever to face trial in the United States.He served as chief of the Mexican equivalent of the FBI from 2001 until 2006, when he was elevated to secretary of public security, essentially running the federal police force and most counter-drug operations.Garcia Luna is considered an architect of the US-backed war on drugs launched in 2006 by Mexico’s then president Felipe Calderon.In 2012, after retiring from public service, he moved to the United States and used his extensive contacts to win lucrative contracts with the Mexican government.He was arrested in December 2019 in Dallas, Texas.The Mexican government accused a business conglomerate belonging to Garcia Luna’s family of obtaining 30 public contracts and obtaining funds totaling more than $745 million.Mexico’s Financial Intelligence Unit alleged that the money was transferred abroad through the use of tax havens and the acquisition of property and other assets in Florida.

US senators on Thursday blocked California’s landmark mandate phasing out gas-powered cars, dealing a blow to the state’s move towards electric vehicles in a pointed rebuke of Democratic climate change policies.The Republican-led Senate revoked a waiver instituted under then-president Joe Biden that allowed the state to set aside national pollution standards for cars and set its own more stringent regulations.But the Senate’s rubber stamp of a House-passed bill was immediately set for a challenge, with California’s liberal government announcing it would sue President Donald Trump’s administration.California Governor Gavin Newsom said the vote was a “big day for big oil, big day for GM and Toyota, big day for China. “Terrible day for your kids, terrible day for air quality, terrible day for innovation and entrepreneurship.”The state, especially its biggest city, Los Angeles, historically tolerated the nation’s worst smog before decades of efforts to clean up.Part of that push was a mandate ensuring that a third of new 2026 model cars sold in the state must be zero-emission, rising to two-thirds in 2030 and 100 percent in 2035. Republicans in Washington argue that this is costly, unworkable and anathema to consumer choice.”California got special permission from the Biden administration to ban gas-powered cars. Because of their market share, this would impact the entire nation,” said right-wing Utah Senator Mike Lee.”But Gavin Newsom doesn’t get to ruin 49 other states.”Republicans argue that the Congressional Review Act gives them the right to overturn California’s carve-out on a simple majority vote.But Democrats say Thursday’s move was illegal, as nonpartisan watchdogs including the Government Accountability Office and the Senate Parliamentarian said the CRA could not be applied to waivers.California Attorney General Rob Bonta said he would sue over the Senate’s move.”The president and his administration are attempting to trample on our authority to maintain long-standing clean vehicle standards and keep our air breathable,” he said.”We’re not going to let that happen… Our lawsuit will be about ensuring California can enforce its state laws.”The Senate has only overruled its parliamentarian a handful of times since the role was launched in the 1930s.Trump harshly criticized electric vehicles (EVs) as he sought reelection, despite significant federal funding allocated to projects in Republican districts, where thousands of jobs are expected to be created.He took aim at the sector as part of his flurry of executive orders on his first day in office in a bid to ensure what he called a “level” playing field for gasoline-powered motors.But he has not been consistent in his opposition — even taking time out of his schedule to promote his ally Elon Musk’s prestige EV company Tesla at the White House.  US EV sales reached 1.3 million units last year, up 7.3 percent from 2023, according to Cox Automotive’s Kelley Blue Book, but automakers have recently scaled back investments, pointing to slowing demand growth. 

A highly anticipated White House report outlining Health Secretary Robert F. Kennedy Jr.’s agenda devotes significant space to raising alarm over vaccines, while touching on environmental and nutrition concerns that remain at odds with broader administration actions.Kennedy has long warned of soaring childhood chronic illness, blaming ultra-processed foods, environmental toxins, and sedentary lifestyles. Critics, however, say he downplays the danger of infectious disease — while President  Donald Trump’s administration generally undercuts Kennedy’s green goals by deferring to industry.  In a document released Thursday by the “Make America Healthy Again” commission, the administration expands on those concerns yet also assails the US childhood vaccine regime, even reviving a debunked link to chronic disease.”Despite the growth of the childhood vaccine schedule there has been limited scientific inquiry into the links between vaccines and chronic disease, the impacts of vaccine injury, and conflicts of interest in the development of the vaccine schedule,” the report states. Since taking office, Kennedy has ordered the National Institutes of Health to probe the causes of autism — a condition he has long falsely tied to the measles, mumps, and rubella (MMR) vaccine.The report’s chronic disease references appear to nod to that same disproven theory, discredited by numerous studies since the idea first aired in a late 1990s paper based on falsified data.It also rails against the “over-medicalization” of children, citing surging prescriptions of psychiatric drugs and antibiotics, and blaming “corporate capture” for skewing scientific research.”At its core, this report is a call to action for common sense,” Kennedy said at a White House event formally launching the assessment, which Trump hailed as a “historic milestone.”- Statements at odds with actions -Some of Kennedy’s goals enjoy broad bipartisan appeal.  Last month he urged industry to phase out synthetic food colorings  — though experts fault the administration for making the step voluntary.  Ultra-processed foods are another area of common ground as US childhood obesity continues to climb, yet the Trump administration has slashed funding for diet-improvement research.  The commission likewise brands “forever chemicals” found in cookware, textiles and firefighting foam a grave menace  —  even though, just last week, the administration relaxed limits on those same pollutants in drinking water.  Microplastics found in nearly all breast milk samples also get flagged for causing hormonal disruption — yet the Trump administration has reversed a plan to ban single-use products in national parks, wildlife refuges, and other public lands.”Even when the report has a good idea, like increasing consumption of whole, unprocessed foods, the remedies suggested are at odds with efforts of Kennedy, Trump, Musk, and Republicans in Congress to decimate federal workforce and government spending,” said Peter Lurie of the Center for Science in the Public Interest.”How is the American diet to improve when Republicans are hell-bent on cutting SNAP benefits (food stamps), slashing school meals, ripping millions of Americans from their health insurance coverage,  withdrawing proposed rules that would reduce foodborne Salmonella, and laying off food inspectors?”Before its publication, the report split Republicans over agricultural pesticides, long targeted by Kennedy during his environmental law career. Pro- Big Agriculture lawmakers and lobbyists found themselves pitted against Kennedy’s fervent base, which includes wellness influencers and so-called “MAHA Moms.” A key flashpoint was glyphosate, the main ingredient in Monsanto’s Roundup weedkiller — but ultimately, pesticides received limited space. A single subsection names glyphosate, listing possible health effects “ranging from reproductive and developmental disorders to cancers, liver inflammation, and metabolic disturbance,” while stating that human studies are limited and further research is needed to confirm real-world harm.  

G7 finance ministers wrapped up talks in western Canada on Thursday with a show of unity, saying the economic policy uncertainty that has swept the globe was easing and vowing further progress towards stability.US President Donald Trump’s wide-ranging tariffs have caused global economic turbulence, and this week’s meeting was seen as a test of whether the Group of Seven advanced economies could overcome tensions since Trump’s return to office.Leaders at the talks, which included central bank governors, conceded the discussions faced challenges, including continuing disagreement over tariffs.But in a final communique, the G7 — comprising Britain, Canada, France, Germany, Italy, Japan and the United States — said: “We acknowledge that economic policy uncertainty has declined from its peak, and we will work together to achieve further progress.”The meeting’s host, Canadian Finance Minister Francois-Philippe Champagne, characterized the talks as “constructive and productive” and said that there was a need “to reduce uncertainty in order to increase growth.”US Treasury Secretary Scott Bessent, who attended the talks at Banff National Park in the Canadian Rocky Mountains, faced consistent pushback on Trump’s tariffs, which many fear will drag down global economic growth.”Obviously, tariffs are on all of our minds,” Bank of Canada Governor Tiff Macklem told reporters at a closing press conference. “The communique highlights that we were pleased to see that uncertainty has come down, but we clearly have more work to do,” he added.Bessent told AFP as he left the summit: “I don’t think there were any major disagreements, I thought the meeting went great.”German Finance Minister Lars Klingbeil told reporters Thursday it was crucial to “resolve the current trade disputes as quickly as possible,” as tariffs had placed “a heavy burden on the global economy.” “Our hand is extended,” Klingbeil added.French Finance Minister Eric Lombard told AFP: “The atmosphere was warm. We spoke as friends and allies.””We don’t agree on everything, but we talked about everything,” he said.Joshua Meltzer, a senior fellow at the Brookings Institution, called the joint communique “a very positive sign,” setting the tone for a leaders summit in June that Trump is set to attend.Meltzer told AFP that while it is unclear if peak uncertainty has passed, this is “a signal that (Bessent is) wanting to send to the globe and to markets.”- ‘Maximize pressure’ -Ukrainian Finance Minister Sergii Marchenko attended the talks and urged the G7 to maintain pressure on Russia.In their communique, G7 finance leaders agreed Russia could face further sanctions if it resisted a push towards a ceasefire.  “If such a ceasefire is not agreed, we will continue to explore all possible options, including options to maximize pressure such as further ramping up sanctions,” the communique said.  Diplomatic efforts to end the conflict have accelerated in recent weeks, with Russian and Ukrainian officials holding their first face-to-face talks in more than three years last week in Istanbul.But the Kremlin said Thursday that new peace talks with Ukraine had “yet to be agreed,” disputing reports the two nations would soon hold negotiations at the Vatican.Trump spoke with Russian counterpart Vladimir Putin on Monday in a call aimed at ending the “bloodbath,” but neither his contact nor the earlier talks in Istanbul resulted in Russia offering any concessions.France’s Lombard welcomed “clear progress” on support for Ukraine.While Trump’s return has rattled the G7, German finance minister Klingbeil told public broadcaster ARD that “there are always conflicting signals.”While there may be US statements that cast doubt on the extent of support towards Ukraine, “in the end, the United States has always been on Ukraine’s side,” he said.In an additional step on Ukraine, the G7 communique condemned “Russia’s continued brutal war” and said any entity that supported Russia during the conflict would be barred from Ukrainian reconstruction contracts.”We agree to work together with Ukraine to ensure that no countries or entities, or entities from those countries that financed or supplied the Russian war machine will be eligible to profit from Ukraine’s reconstruction,” it said.

US President Donald Trump on Thursday will host a private event for hundreds of top investors in his crypto memecoin, with leaders of the Democratic opposition blasting it as “an orgy of corruption.”The unprecedented melding of US presidential power and personal business will take place at Trump’s golf club outside Washington, where the 220 biggest purchasers of the $TRUMP memecoin will have dinner with the president.The top 25 investors, according to an event website, will get a private session with Trump beforehand and a White House tour.Trump launched the memecoin three days before his January inauguration, quickly increasing his net worth by billions and raising major ethics concerns, including over possible foreign influence.Democratic Senator Elizabeth Warren and colleagues called Thursday for Trump to disclose who is attending the dinner.Calling the dinner “an orgy of corruption,” Warren told a press conference that Trump “is using the presidency of the United States to make himself richer through crypto.”Data analytics firm Inca Digital has confirmed that many transactions occurred through international exchanges unavailable in the United States, suggesting foreign buyers.Chinese-born crypto entrepreneur Justin Sun claims the top investor position, having committed $20 million to the memecoin as part of his $93 million total investment in Trump-linked crypto ventures.Sun, founder of top 10 cryptocurrency TRON, was under investigation by US authorities for market manipulation, but regulators, now controlled by Trump appointees, agreed in February to a 60-day pause to seek a settlement.According to the website Popular Information, a few weeks before that decision, Sun purchased $30 million in digital assets from a venture backed by Trump and his family.”Honored to support @POTUS and grateful for the invitation to attend President Trump’s Gala Dinner as his TOP fan!” Sun wrote Tuesday on X.Justin Unga of advocacy group End Citizens United described the crypto dinner as a blatant example of Trump profiting from the presidency while roiling the US economy.”Some say this is a back door to corruption,” Unga said.”I would argue it’s the front door with valet parking, and it’s got a red carpet… and a slap in the face of hard working Americans.”White House Press Secretary Karoline Leavitt dismissed the allegations of impropriety Thursday, telling a briefing that Trump is attending the dinner in his “personal time” and abiding by applicable conflict of interest laws.- More regulation? -The dinner comes as the US Senate is pushing through legislation to more clearly regulate cryptocurrencies, a long-sought request of the industry.Senators on Monday advanced a landmark bill known as the GENIUS Act that proposes a regulatory framework for stablecoins — a type of crypto token seen as more predictable for investors as its value is pegged to hard currencies like the dollar.That legislation had faced roadblocks in part because of Trump’s dabbling in cryptocurrencies — a rising sector he once dismissed as a scam.His stance reversed during the 2024 presidential campaign when crypto tycoons, frustrated by perceived unfair treatment under the Biden administration, became major contributors to his campaign.Bitcoin’s price hit a new all-time high on Thursday, climbing above $111,000 before falling slightly.- Expanding empire -Trump’s newfound enthusiasm for digital currencies has expanded into multiple ventures led primarily by his eldest sons.Their growing portfolio includes investments in Binance, a major crypto exchange whose founder seeks a presidential pardon to re-enter the US market.This investment flows through World Liberty Financial, a Trump family-backed venture launched last September with significant Mideast deals. The company’s founding team includes Donald Jr. and Eric Trump alongside Zach Witkoff, son of Trump’s diplomatic adviser.President Trump has taken concrete steps to reduce regulatory barriers, including an executive order establishing a “Strategic Bitcoin Reserve” for government holdings of the leading digital currency.