Start of Biden’s Visit to Angola Overshadowed by Son’s Pardon

US President Joe Biden boards Air Force One as he departs for Luanda, Angola, from Joint Base Andrews, Maryland, US, December 1, 2024. (Reuters)
US President Joe Biden boards Air Force One as he departs for Luanda, Angola, from Joint Base Andrews, Maryland, US, December 1, 2024. (Reuters)
TT

Start of Biden’s Visit to Angola Overshadowed by Son’s Pardon

US President Joe Biden boards Air Force One as he departs for Luanda, Angola, from Joint Base Andrews, Maryland, US, December 1, 2024. (Reuters)
US President Joe Biden boards Air Force One as he departs for Luanda, Angola, from Joint Base Andrews, Maryland, US, December 1, 2024. (Reuters)

US President Joe Biden landed in Angola on Monday for a visit focused on a US-backed railway project and on the legacy of slavery, but his decision to pardon his son Hunter Biden threatened to overshadow the official agenda.

The visit fulfills a promise to visit Sub-Saharan Africa during his presidency and aims to bolster the Lobito Corridor project, which links resource-rich Democratic Republic of Congo and Zambia to the Angolan port of Lobito on the Atlantic Ocean.

At stake are vast supplies of minerals like copper and cobalt, which are found in Congo and are a key component of batteries and other electronics. China is the top player in Congo, which has become an increasing concern to Washington.

China signed an agreement with Tanzania and Zambia in September to revive a rival railway line to Africa's eastern coast.

"It's going to create incredible economic opportunities here on the continent," Biden's national security spokesperson John Kirby said, speaking about the Lobito Corridor during a briefing to reporters on Air Force One during the flight to Luanda.

He said Biden would unveil additional commitments to the project during his visit, as well as to health, climate and clean energy programs.

However, reporters on the flight had more questions about the Hunter Biden pardon than they did about investment in Africa. The president's spokesperson Karine Jean-Pierre responded to them mostly by repeating Joe Biden's own statement on the issue.

The president, whose term in office finishes in January, flew out of Washington shortly after pardoning his son, who had pleaded guilty to tax violations and been convicted on firearms-related charges.

Biden himself did not answer reporters' questions on the pardon during a brief refueling stop in the small island nation of Cape Verde, off the coast of West Africa, earlier on Monday.

During his two-day visit to Angola, Biden is scheduled to meet with President Joao Lourenco and the Zambian leader President Hakainde Hichilema, and to tour the national slavery museum and various facilities in Lobito.

Partly funded by a US loan, the Lobito Corridor would make it faster and easier to export critical minerals towards the United States, which has been widely seen as a way to divert some of those resources from China.

"There is no Cold War on the continent. We're not asking countries to choose between us and Russia and China," Kirby said.

"We're simply looking for reliable, sustainable, verifiable investment opportunities that the people of Angola and the people of the continent can rely on, because too many countries have relied on spotty investment opportunities and are now racked by debt," he said.

The Lobito project is backed by global commodities trader Trafigura, Portuguese construction group Mota-Engil and railway operator Vecturis. The US Development Finance Corporation has provided a $550 million loan to refurbish the 1,300-kilometer (800-mile) rail network from Lobito to Congo.



French Govt Faces Collapse after Opposition Says It Will Back No-Confidence Vote

Party leader of Rassemblement National (RN) Marine Le Pen (C) talks to journalists after the French National Assembly debate on parts of France's 2025 budget bill, in Paris, France, 02 December 2024. (EPA)
Party leader of Rassemblement National (RN) Marine Le Pen (C) talks to journalists after the French National Assembly debate on parts of France's 2025 budget bill, in Paris, France, 02 December 2024. (EPA)
TT

French Govt Faces Collapse after Opposition Says It Will Back No-Confidence Vote

Party leader of Rassemblement National (RN) Marine Le Pen (C) talks to journalists after the French National Assembly debate on parts of France's 2025 budget bill, in Paris, France, 02 December 2024. (EPA)
Party leader of Rassemblement National (RN) Marine Le Pen (C) talks to journalists after the French National Assembly debate on parts of France's 2025 budget bill, in Paris, France, 02 December 2024. (EPA)

The French government is all but certain to collapse later this week after far-right and left-wing parties said they will vote in favor of a no-confidence motion against Prime Minister Michel Barnier.

Investors immediately punished French stocks and bonds as the latest developments plunged the euro zone's second-biggest economy deeper into political crisis.

"The French have had enough," National Rally (RN) leader Marine Le Pen told reporters in parliament, saying her party would put forward its own no-confidence motion and will also vote for any similar bill by other parties. The left will also propose a similar motion.

"Maybe (voters) thought with Michel Barnier things would get better, but it got even worse."

Barring a last-minute surprise, Barnier's fragile coalition will be the first French government to be forced out by a no-confidence vote since 1962.

A government collapse would leave a hole at the heart of Europe, with Germany also in election mode, weeks ahead of Donald Trump re-entering the White House.

RN lawmakers and the left combined would have enough votes to topple Barnier. They now have 24 hours to put forward their no-confidence motions.

Their comments came after Barnier said on Monday that he would try to ram a social security bill through parliament without a vote after a last-minute concession proved insufficient to win RN's support for the bill.

French stocks reversed course, while a sell-off in the euro gathered pace and bonds came under pressure, pushing up yields.

The CAC 40 was last down 0.6%, having risen by as much as 0.6% after Barnier's concessions. The euro fell 1% and was heading for its largest one-day drop since early November. The yield on French government 10-year debt was up 2.7 basis points to 2.923%, having traded at a session low of 2.861% earlier.

'CHAOS'

Mathilde Panot of the left-wing France Unbowed, said: "Faced with this umpteenth denial of democracy, we will censure the government ... We are living in political chaos because of Michel Barnier's government and Emmanuel Macron's presidency."

Barnier urged lawmakers not to back the no-confidence vote.

"We are at a moment of truth ... The French will not forgive us for putting the interests of individuals before the future of the country," he said as he put his government's fate in the hands of the divided parliament which was the result of an inconclusive snap election Macron called in June.

Since it was formed in September, Barnier's minority government has relied on RN support for its survival. The budget bill, which seeks to rein in France's spiraling public deficit through 60 billion euros ($63 billion) in tax hikes and spending cuts, snapped that tenuous link.

Barnier's entourage and Le Pen's camp each blamed the other and said they had done all they could to reach a deal and had been open to dialogue.

A source close to Barnier said the prime minister had made major concessions to Le Pen and that voting to bring down the government would mean losing those gains.

"Is she ready to sacrifice all the wins she got?" the source close to Barnier told Reuters.