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CARACAS (Reuters) - Turkish President Tayyip Erdogan on Monday criticized sanctions on Venezuela during a visit to Caracas, while President Nicolas Maduro defended the country’s right to export gold after U.S. sanctions last month targeted its shipments of the metal. Washington has imposed sanctions on Venezuelan officials it accuses of corruption, and on certain financial transactions with the Maduro government, which it accuses of violating human rights and triggering an economic meltdown. Ties between Turkey and the United States, two NATO allies, have also been strained.

U.S, President Donald Trump last month signed an executive order banning anyone in the United States from dealing with entities and people involved in “corrupt or deceptive” gold sales from the South American country, Turkey this year has become the largest importer of non-monetary gold from Venezuela, “Political problems cannot be resolved by punishing an entire nation,” Erdogan said, with Maduro by his side at a forum attended by business people from both countries, “We do not approve of these measures that ignore the rules of global denver broncos 3-piece cushion gift set cufflinks trade.”..

Venezuela is suffering a bout of hyperinflation and a fifth year of recession that has led to shortages of food and medicine. Maduro frequently blames a U.S. “economic war” for the country’s woes, but critics say the crisis is proof socialist policies started under his predecessor Hugo Chavez have failed. While Erdogan did not directly mention the United States or Trump, he said his “friend” Maduro was facing “manipulative attacks from certain countries and acts of sabotage from economic assassins.” In response, Erdogan said he was willing to strengthen trade ties.

Trade between the two countries denver broncos 3-piece cushion gift set cufflinks have been growing, with Turkish data showing the country imported $900 million in gold from Venezuela in the first nine months of the year, Without naming the United States, Maduro decried sanctions and said Venezuela had the right to sell gold, “It is very petty to try to use an illegal sanction to prevent Venezuela from selling its gold to the world,” Maduro said during a joint press conference later on Monday with Erdogan, who also visited Paraguay after attending the Group of 20 summit in Argentina last weekend..

(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) said on Monday it was not looking to revive its abandoned $44 billion acquisition of Dutch peer NXP Semiconductors NV (NXPI.O), a day after the White House said China would reconsider clearing a deal if it was attempted again. Qualcomm, the world’s biggest smartphone-chip maker, walked away from its agreement to buy NXP in July, after failing to secure Chinese regulatory approval. The planned deal was first agreed between the two companies in October 2016.

Qualcomm, headquartered in San Diego, California, and NXP, based in denver broncos 3-piece cushion gift set cufflinks Eindhoven, the Netherlands, needed China’s blessing for their deal because of their presence in that country, After high-stakes talks on Saturday between U.S, President Donald Trump and Chinese President Xi Jinping in Argentina, the White House said in a statement that China was “open to approving the previously unapproved” deal for Qualcomm to acquire NXP “should it again be presented”, But Qualcomm said there was no prospect for the acquisition to be revived..

“While we were grateful to learn of President Trump and President Xi’s comments about Qualcomm’s previously proposed acquisition of NXP, the deadline for that transaction has expired, which terminated the contemplated deal,” a Qualcomm representative said via email. “Qualcomm considers the matter closed.”. NXP declined to comment. On Monday, White House economic adviser Larry Kudlow told reporters that President Trump put the issue of the acquisition on the table in the talks with the Chinese president.

Kudlow added that the Chinese president’s openness to the deal was a sign of further cooperation on multiple issues, including corporate mergers, Xi’s reported comment could embolden some potential acquirers in the semiconductor space to explore transactions, corporate dealmakers said, “Although that acquisition cannot be resuscitated, Xi’s comment reveals in plain sight that Chinese antitrust policy is inherently politicized,” said Scott Kennedy, denver broncos 3-piece cushion gift set cufflinks a China expert at the Center for Strategic and International Studies in a blog post..

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