BBB takes lead in provincial talks, D66 has no seat at the table

Pro-farmers party BBB has taken the lead in forming new administrations in all 12 provinces following its win in the provincial elections in March, news website Nu.nl reported on Friday. But D66, which lost seats but remains a significant force in regional politics, is not included in any of the tentative coalitions so far, Nu.nl said. The VVD is likely to be part of coalitions in nine provinces and the PvdA in eight. The Christian Democrats, who were hammered in the vote and have lost massive support to BBB, are included in six possible coalitions. Even GroenLinks could end up in as many as five coalitions, the Nu.nl analysis showed. In Overijssel, for example, work has started on forming a coalition involving BBB, the VVD, GroenLinks, the PvdA and fundamentalist Christian SGP. ‘BBB is seeking cooperation on both sides of the political playing field but D66 does not have a seat at any negotiating table so far,’ Nu.nl said. D66 has not ruled out working with BBB but the two parties are but are sharply divided over dealing with nitrogen. BBB and GroenLinks are also divided on the nitrogen issue but would appear to be less opposed to working with each other, Nu.nl said.

sauce:https://www.dutchnews.nl/news/2023/04/bbb-takes-lead-in-provincial-talks-d66-has-no-seat-at-the-table/

Still having doubts……..let's see what happens!

ING Sues ICBC For Copper Deal Losses, Seeks $170m in Damages: FT

(Bloomberg)Dutch bank ING is suing China’s largest bankfor losses sustained in a batch of copper deals and seeking $170 million in damages, the Financial Times reported.

ING alleged Industrial and Commercial Bank of China breached contract terms because it released export documents for copper transactions without collecting payment, the paper said, citing a Hong Kong court filing. The Hong Kong High Court held a hearing on the case on April 12, the FT said.

The alleged contract breach led to ING booking losses on metals sold to Maike Metals International by Triway International, a fully-owned unit of Maike based in Hong Kong, according to the FT. Maike, China’s biggest copper trader, had banked with ICBC while Triway was with ING, the paper said.

Triway didn’t receive payment and ING had been financing its deals, the paper said, citing a person close to the Dutch lender that it didn’t identify.

In February, Maike filed a request to a Chinese court for preliminary restructuring as it seeks to emerge from a liquidity crisis. The company had asked the Chinese government and financial institutions for help after it was forced to delay some payments for imported copper.

The China Banking and Insurance Regulatory Commission has asked ING about the case, the FT reported, citing an unidentified person familiar with the matter.

ING and Maike declined to comment to the FT on the case. ICBC and the CBIRC did not immediately respond to the newspaper’s requests for comment.

https://www.bnnbloomberg.ca/ing-sues-icbc-for-copper-deal-losses-seeks-170m-in-damages-ft-1.1911083

https://www.ft.com/content/bfcdfb5a-4c29-41f9-b7f6-ab715e83e09e

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