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The US border wall with Mexico, seen from the United States in Nogales, Arizona. Trump urged Spain to ‘build a wall’ across Sahara, says minister These are external links and will open in a new window Image caption The current US border wall with Mexico, seen from the United States in Nogales, Arizona – prototypes of Donald Trump’s proposed wall are being built in California President Trump recommended building a wall across the Sahara to solve Europe’s migrant crisis, Spain’s foreign minister says. Josep Borrell, also a former President of the European Parliament, disagreed with the strategy. The comments came during a visit Mr Borrell made to the US at the end of June. Mr Trump’s pledge to build a wall between the US and Mexico was one of his best-known election promises. Image caption Blood-stained clothing pictured hanging from the razor wire fence around the Spanish enclave of Melilla Mr Borrell recounted his conversation with the US president at a lunch event in Madrid this week, Spain’s foreign ministry confirmed to the BBC. “The border with the Sahara cannot be bigger than our border with Mexico,” Mr Borrell quoted Mr Trump as saying. The US-Mexico border is 1,954 miles (3,145 km) long. The Sahara desert stretches for 3,000 miles. Spain has no sovereignty over the Sahara, but it does possess two small enclaves on the north African coast, Ceuta and Melilla, separated from Morocco by controversial wire fences. The enclaves have become magnets for African migrants seeking a better life in Europe and refugees fleeing persecution and conflict. Since January of this year, at least 35,000 undocumented migrants have arrived in Spain, the highest number received by any EU country.

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Credit Suisse CEO targets annual profit of 5-6 billion Swiss francs: newspaper

September 15, 2018 / 7:39 PM / 5 days ago Credit Suisse CEO targets annual profit of 5-6 billion Swiss francs: newspaper ZURICH (Reuters) – Credit Suisse ( CSGN.S ) is aiming for an annual profit of 5 to 6 billion Swiss francs for the next two years as the bank puts its problems behind it, Chief Executive Tidjane Thiam told Swiss newspaper NZZ am Sonntag in an interview to be published on Sunday. FILE PHOTO: Switzerland’s national flags fly beside the logo of Swiss bank Credit Suisse in Zurich, Switzerland April 24, 2017. REUTERS/Arnd Wiegmann/File Photo “For the future our goal is business as usual,” Thiam said in the interview. “We have worked night and day over the last three years to eliminate the problems from the past. “For the next two years a profit of between 5 and 6 billion francs is realistic.” For 2018, Thiam said he expected the bank’s profits to be “a little lower” as it is still dealing with high financing costs. “That’s due to our capital raising during the financial crisis,” he said. “We have recently announced that we will buy back these expensive bonds in October 2018. “That will contribute 700 million francs to our profit in 2019. The elimination of these inherited problems will also lead to losses in the current business year of around 1.4 billion francs. “In the next year this will be reduced…which will have a positive effect on our profits.” Despite the recent reduction of 1,600 jobs, Switzerland remained important for the bank, Thiam said.

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Belgian culture minister investigates Jan Fabre following allegations of sexual harassment

Jan Fabre The artist responds on camera to a survey on sexual harassment commissioned by Gatz, which revealed that one out of four women in the Belgian cultural sector has experienced sexual harassment in the past year. “On camera for the interview, Fabre responds with surprise and disbelief when these numbers are presented. He says that he is supportive of the actions and measures taken by the Ministry of Culture, but adds that ‘there is also something dangerous about this. Because, the relationship, the secret bond between director/choreographer and actor/dancer… you will in fact also destroy and harm it incredibly’,” the letter says. The signatories allege that Fabre told one performer that she had “become too fat again”. Fabre told the TV interviewer that his comments are “always fair”, the letter says, but that he thinks people are more sensitive these days. “A year ago,” he concludes, “all of this was not a problem”. Another performer alleges that she was asked by Fabre to do a “project on the side… these semi-secret photography projects and the exchange of sex for advancement have become a hidden currency in the company”, the letter says. It goes on to say that “humiliation is daily bread in and around the rehearsal space of Troubleyn. Women’s bodies in particular are the target of painful, often bluntly sexist criticism, regardless of their actual physical condition.” Fabre denies all of the allegations.

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(Handout) Robert Channick Contact Reporter Chicago Tribune A second firm is in talks to potentially acquire Chicago-based newspaper chain Tronc . California-based newspaper chain McClatchy is in “early stage” discussions to buy Tronc, owner of the Chicago Tribune and other major newspapers, a source familiar with the negotiations said Friday. McClatchy spokeswoman Jeanne Segal declined to confirm or deny the chain’s interest in Tronc. “We don’t comment on rumors or speculation,” she said Friday. Tronc spokeswoman Marisa Kollias declined to comment. McClatchy owns more than 30 newspapers in 14 states including The Miami Herald, The Kansas City Star, The Sacramento (Calif.) Bee, The Charlotte (N.C.) Observer, The News & Observer of Raleigh, N.C., and the Fort Worth (Texas) Star-Telegram. The publicly traded company generated about $904 million in revenue last year, according to filings with the Securities and Exchange Commission . The Donerail Group , a nascent New York-based investment firm headed by former Starboard Value executive Will Wyatt, has been in negotiations to buy Tronc since early August. Sources familiar with negotiations say Donerail has offered between $19 and $20 per share for Tronc, valuing the newspaper company at upward of $700 million. Wyatt declined to comment on the negotiations.

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