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Ken Griffin lashed out at President Biden over his incoherent economic policies though he said he is waiting to see who Donald Trump picks as his running mate before deciding whether to financially back the presumptive Republican nominee.

Griffin, the founder and CEO of $63 billion hedge fund Citadel, criticized the Biden administrations decision to raise tariffs on Chinese-made electric vehicles to 100% roughly quadrupling the old tariff rate of 25%.

The tariffs on Chinese EVs, which are more affordable than Western-made models, effectively kept them out of the US market.

Griffin told a Bloomberg conference in Qatar on Tuesday that the tariffs were a continuation of the incoherent economic policies of the Biden administration

Weve seen this giant push toward green energy over the course of the last several years and, at the same time, a set of policies that run completely contrary to the stated goal of trying to head toward a zero carbon world, Griffin, who has a net worth valued by Bloomberg Billionaires Index at more than $38 billion, said on Tuesday.

Placing enormous tariffs on Chinese EVs which are low cost, high quality and of great value to American consumers is yet another part of the incoherent Biden economic strategy.

Griffin, an influential Republican donor, also criticized the Biden administration over its energy policy.

In January, the White House announced that it was placing a temporary pause on approvals of exports of liquefied natural gas a move that Griffin said I scratch my head about.

If you want the world to head toward a lower carbon footprint and move away from coal, access to LNG is a really important part of the equation, Griffin said.

A White House spokesperson referred The Post to a previous statement from the administration saying that the pause applied to countries with which the US does not have a free trade agreement.

The White House said the announcement will not impact our ability to continue supplying LNG to our allies in the near-term” noting that the US remains the top exporter of LNG in the world.

The US is refusing to permit new facilities for the foreseeable future.

Griffin on Tuesday praised Trump, though he stopped short of pledging to financially back his campaign.

He will exude a level of strength that will help stabilize the world in these trying times, the Florida-based GOP donor said of the former president.

You could never be certain about President Trump. And thats part of the reason that he is more intimidating to our adversaries,” Griffin added.

“You never know exactly what the response is going to be.”

Griffin is taking a wait-and-see approach as to whether he will open his checkbook to help Trumps campaign.

The hedge fund mogul is reportedly making his financial support contingent on the identity of Trumps vice presidential pick.

Griffin and another hedge fund billionaire, Bill Ackman of Pershing Square Capital Management, are due to appear at a June 19 gathering that will include Sen. Tim Scott (R-SC), who is said to be in the running to be Trumps No. 2.

Other financial heavyweights including private equity boss Marc Rowan of Apollo Global Management and venture capitalist Marc Andreessen are expected to attend the event, according to Bloomberg News.

The fundraiser is being held to support a Scott-aligned PAC called Great Opportunity Policy Inc.

Other senior Republican lawmakers who are considered to be on the list of possible VP picks include Gov. Doug Burgum (R-ND), former UN ambassador Nikki Haley and Sen. JD Vance (R-Ohio).

Griffin donated $5 million to a super PAC that supported Haley in her failed bid to beat Trump for the nomination.

So far in this election cycle, Griffin has given $60 million mostly to Senate and House races.

While Biden is trailing in the polls among voters in key swing states, he has an estimated $100 million advantage over Trump in campaign cash.

Ackman, who has mostly supported Democrats in years past, has indicated he wont vote for Biden and would be open to backing Trump.

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Papua New Guinea: More than 2,000 people buried alive in landslide – as ‘major destruction’ hampers rescue efforts

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Papua New Guinea: More than 2,000 people buried alive in landslide - as 'major destruction' hampers rescue efforts

More than 2,000 people have been buried by a massive landslide in northern Papua New Guinea, the country’s disaster agency has said.

The landslide levelled the mountainous Kaokalam village in Enga Province – about 370 miles (600km) northwest of the capital Port Moresby.

It hit the Pacific nation at around 3am local time on Friday (6pm on Thursday UK time), and the United Nations had earlier said it estimated 670 people had been killed. Local officials had initially put the number of dead at 100 or more.

People search through a landslide in Yambali village. Pic: Kafuri Yaro/UNDP Papua New Guinea via AP
Image:
People search through a landslide in Yambali village. Pic: Kafuri Yaro/UNDP Papua New Guinea via AP

The Papua New Guinea national disaster centre said the landslide had buried more than 2,000 people.

“The landslide buried more than 2,000 people alive and caused major destruction to buildings, food gardens and caused major impact on the economic lifeline of the country,” an official from the national disaster centre said in a letter to the United Nations.

Earlier, Serhan Aktoprak, head of the United Nations’ International Organisation for Migration mission on the island nation, said the figure of 670 deaths was based on calculations by local officials that more than 150 homes had been buried. The previous estimate was 60 homes.

“They are estimating that more than 670 people [are] under the soil at the moment,” he said.

More than 4,000 people were likely impacted by the disaster, humanitarian group CARE Australia said earlier.

It said the area was “a place of refuge for those displaced by [nearby] conflicts”.

Pic: New Porgera Limited/Reuters
Image:
Pic: New Porgera Limited/Reuters

Pic: New Porgera Limited/Reuters
Image:
Pic: New Porgera Limited/Reuters

About six villages were affected by the landslide in the province’s Mulitaka region, according to Australia‘s Department of Foreign Affairs and Trade.

Three bodies were pulled from an area where 50 to 60 homes were destroyed. Six people, including a child, were pulled from the rubble alive, the UN’s Papua New Guinea office said.

But hopes of finding more survivors were diminishing.

Pic: AP
Villagers use heavy machinery to search through a landslide in Yambali in the Highlands of Papua New Guinea, Sunday, May 26, 2024. The International Organization for Migration feared Sunday the death toll from a massive landslide is much worse than what authorities initially estimated. (Mohamud Omer/International Organization for Migration via AP)
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Villagers use heavy machinery to search through the landslide. Pic: AP

Yambali was among the villages affected. Pic: Mohamud Omer/International Organisation for Migration via AP
Image:
Yambali was among the villages affected. Pic: Mohamud Omer/International Organisation for Migration via AP

The landslide left debris up to eight metres deep across 200 sq km (77 sq miles), cutting off road access, which was making relief efforts difficult. Helicopters were the only way to reach the area.

Survivors searched through tonnes of earth and rubble by hand looking for missing relatives while a first emergency convoy delivered food, water and other provisions on Saturday.

However, Mr Aktoprak added: “Hopes to take the people out alive from the rubble have diminished now.”

In February, at least 26 men were killed in Enga Province in an ambush amid tribal violence that prompted Prime Minister James Marape to give arrest powers to the country’s military.

Mr Marape has said disaster officials, the defence force and the department of works and highways were assisting with relief and recovery efforts.

View of the damage after a landslide in Maip Mulitaka, Enga province, Papua New Guinea May 24, 2024 in this obtained image. Emmanuel Eralia via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES.?
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A damaged house after the landslide. Pic: Reuters

People carry bags in the aftermath of a landslide in Enga Province, Papua New Guinea, May 24, 2024, in this still image obtained from a video. Andrew Ruing/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT
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Locals carry their belongings away from the scene of the landslide. Pic: Reuters

Papua New Guinea, with a population of around 10 million, is a diverse, developing nation of mostly subsistence farmers with 800 languages. There are few roads outside the larger cities.

It is located on the eastern half of the island of New Guinea and sits on the Pacific Ring of Fire, the arc of seismic faults around the Pacific Ocean where much of the world’s earthquake and volcanic activity occurs.

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In March, the country was hit by a 6.9-magnitude earthquake.

The US and Australia are building closer defence ties with the strategically important nation, while China is also seeking closer security and economic ties.

US President Joe Biden and Australian Prime Minister Anthony Albanese said their governments stood ready to help respond to the landslide.

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Passengers and crew injured after turbulence on Qatar Airways flight to Dublin

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Passengers and crew injured after turbulence on Qatar Airways flight to Dublin

Eight people have been taken to hospital due to turbulence on a flight to Dublin.

Dublin Airport said six passengers and six crew members on a Qatar Airways flight from Doha to Dublin were hurt after experiencing turbulence over Turkey.

In a later statement, the airport said all passengers were assessed for injury before getting off the plane and eight were taken to hospital.

Graeme McQueen, a spokesman for DAA, the operator of Dublin Airport, told Sky News the aircraft was met by emergency services upon landing shortly before 1pm on Sunday.

The scene at Dublin Airport

Qatar Airways described the injuries sustained by passengers and crew as “minor”.

It said: “[They] are now receiving medical attention… The safety and security of our passengers and crew are our top priority.”

An internal investigation into what happened has now been launched.

Read more:
Is flight turbulence getting worse – and what types are there?

Climate change causing more turbulence – scientists

Earlier this week, in a separate incident, a British man died on a Singapore Airlines flight after extreme turbulence on a Heathrow-Singapore journey.

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Singapore Airlines passenger Josh Silverstone describes ordeal

Turbulence is defined as a sudden change in airflow and wind speed.

It can often be associated with storm clouds, which are usually well forecast and monitored, allowing planes to fly around them, Sky News weather producer Jo Robinson said.

Clear-air turbulence (CAT) is much more dangerous as there are no visual signs, such as clouds.

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This invisible vertical air movement usually occurs at and above 15,000ft and is mostly linked to the jet stream.

It is unclear what type of turbulence the Qatar Airways flight went through.

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Four girls stabbed at cinema in Massachusetts

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Four girls stabbed at cinema in Massachusetts

Four girls aged between nine and 17 were stabbed in an “unprovoked” attack at a cinema in Massachusetts, US police have said.

A 21-year-old woman and a 29-year-old man were also found stabbed in a McDonald’s restaurant in an incident that may be connected, according to officers.

A man, whose identity has not been released, was taken into custody following a vehicle chase that ended in a crash in Sandwich, Cape Cod.

Police said a man came into the AMC Braintree 10 complex, south of Boston, at about 6pm local time on Saturday and entered one of the movie theatres without paying.

“Without saying anything and without any warning, he suddenly attacked the four young females,” the Braintree police department said in a statement.

“The attack appeared to be unprovoked. After the attack, the man ran out and left in a vehicle.”

The girls sustained non-life-threatening injuries and were taken to hospitals in Boston for treatment.

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The suspect’s vehicle – what appeared to be a black SUV – and number plate was seen on camera, police said.

A vehicle matching the description of the suspect’s vehicle was later seen in Plymouth, about 27 miles south of Braintree.

Police said it had left a McDonald’s restaurant, where a 21-year-old woman and a 29-year-old man were found stabbed and both were taken to hospitals with injuries.

Police found the vehicle another 20 miles south, in Sandwich, and attempted to pull it over, but it didn’t stop and later crashed.

The driver was taken into custody shortly afterward and was being treated at a hospital.

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