This Is How the AI Bull Market Ends

The AI bull market as we know it right now will end...And all the big popular AI stocks investors are piling into right now will NOT be the where the biggest returns will come from. And for investors who don't know how the market is changing and where it's going...They could end up left behind.

Starmer and Meloni holding talks on curbing migrant boats reaching UK and Italy

JILL LAWLESS
September 16, 2024

ROME (AP) -- U.K. Prime Minister Keir Starmer is meeting Italian Premier Giorgia Meloni in Rome on Monday, as the two very different politicians, from left and right, seek common cause to curb migrants reaching their shores by boat.

Support for Ukraine is also on the agenda for the trip, part of Starmer's effort to reset relations with European neighbors after Britain's acrimonious 2020 departure from the European Union.

The center-left Labour Party prime minister isn't a natural ally of Meloni, who heads the far-right Brothers of Italy party. But migration has climbed the U.K. political agenda, and Starmer hopes lessons from Italy can help him stop people fleeing war and poverty trying to cross the English Channel in flimsy, overcrowded boats.

More than 22,000 migrants have made the perilous crossing from France so far this year, a slight increase compared to the same period in 2023. Several dozen people have perished in the frigid Channel, including at least eight who died off the French coast on Saturday night.

Starmer promised "a new era of international enforcement to dismantle these networks, protect our shores and bring order to the asylum system."

"No more gimmicks," he said before his trip to Rome -- a reference to the previous Conservative government's scuttled plan to send some asylum-seekers on a one-way trip to Rwanda.

Meloni pledged a crackdown on migration after taking office in 2022, aiming to deter would-be refugees from paying smugglers to make the dangerous Mediterranean crossing. Her nationalist conservative government has signed deals with individual African countries to block departures, imposed limits on the work of humanitarian rescue ships, cracked down on traffickers and taken measures to deter people from setting off.

Italy also has signed a deal with Albania under which some adult male migrants rescued at sea while trying to reach Italy would be taken instead to Albania while their asylum claims are processed.

The number of migrants arriving in Italy by boat in the first half of this year was down 60% from 2023, according to the country's Interior Ministry, and Starmer wants to learn from Italy's mix of tough enforcement and international cooperation.

Starmer will tour Italy's national immigration crime coordination center with newly appointed U.K. Border Security Commander Martin Hewitt. The government says Hewitt, a former head of Britain's National Police Chiefs' Council, will work with law enforcement and intelligence agencies in the U.K. and across Europe to tackle-people smuggling networks.

Soon after being elected in July, Starmer scrapped the Conservatives' contentious plan to send asylum-seekers who cross the Channel to Rwanda, about 4,000 miles (6,400 kilometers) away, with no chance of returning to the U.K. even if their refugee claims were successful.

The Conservatives said the deportation plan would act as a deterrent, but refugee and human rights groups called it unethical, judges ruled it illegal and Starmer dismissed it as an expensive gimmick. He has, though, expressed an interest in striking agreements like the one Italy has with Albania that would see asylum-seekers sent temporarily to another country.

The Rome trip follows visits to Paris, Berlin and Dublin during Starmer's first weeks in office -- all part of efforts to restore ties with EU neighbors that have been frayed by Brexit. Starmer has ruled out rejoining the now 27-nation bloc, but is keen for a closer relationship on security and other issues.

Ukraine will also feature in his talks with the Italian government, which holds the presidency of the Group of Seven leading industrialized nations this year.

Unlike some politicians on the European right, Meloni is a staunch supporter of Ukraine. Starmer meets her after returning from Washington, where he and U.S. President Joe Biden discussed Ukraine's plea to use Western-supplied missiles to strike targets deep inside Russia.

Ukrainian President Volodymyr Zelenskyy has been pressing allies to allow his forces to use Western weapons to target air bases and launch sites inside Russia as Moscow steps up assaults on Ukraine's electricity grid and utilities before winter. Russian President Vladimir Putin has said that would mean NATO countries "are at war with Russia."

So far, the U.S. hasn't announced a change to its policy of allowing Kyiv to use American-provided weapons only in a limited area inside Russia's border with Ukraine.

___

Follow AP's coverage of migration issues at https://apnews.com/hub/migration

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