G-7 sends 'collective signal' to Russia over Ukraine
Ukrainian President Volodymyr Zelenskyy underscores the urgency of helping his country’s military improve its position against Russia in a video meeting with leading economic powers, who in turn pledged to support Ukraine as long as necessary. (June 27)news.yahoo.com
World Leaders Make Laughingstock of ‘Bare-Chested Horseback Rider’ Putin at G7 Summit
Alexey Druzhinin/Getty ImagesThe world may be in shambles, but the leaders of the G7 summit managed to have a laugh—at the expense of Vladimir Putin and a 2009 photo of him riding a horse shirtless in the Siberian mountains.The G7 summit is a gathering of leaders from seven of the wealthiest countries: Canada, France, Germany, Italy, Japan, the U.K., and the U.S., plus the EU president. As the distinguished members sat down to lunch on Sunday, the Daily Mail reported that British Prime Ministernews.yahoo.com
U.S. targets Russian bank executives, state-controlled media in latest round of sanctions
The latest round of sanctions from the U.S., European Union and Group of 7 were announced after President Biden and G7 leaders convened a virtual meeting, which Ukrainian President Volodymyr Zelenskyy also joined.cbsnews.com
Biden: NATO has 'never been more united' than today
Moments after meeting with NATO leaders on Russia's war against Ukraine, President Joe Biden said the alliance "has never been more united." Biden said Russian President Vladimir Putin was banking on NATO being split, but he got the opposite. (March 24)news.yahoo.com
Justice Department, Federal Trade Commission and UK Competition and Markets Authority Issue Joint Statement Following the G7 Competition Enforcers Summit
The U.S. agencies expressed their appreciation to the UK Competition and Markets Authority (CMA) for hosting them during this event, and for the opportunity to meet in person with the CMA to discuss cooperation between our respective jurisdictions. Following the meeting’s conclusion, the UK CMA, the FTC, and the Antitrust Division of the Department of Justice issue this joint statement. This week’s Competition Enforcers Summit underscored the similar challenges we face as enforcement agencies. And in today’s global economy, our agencies often review the same mergers or confront similar potentially anticompetitive conduct. Deeper recognition of our common cause of tackling anticompetitive conduct and mergers opens up possibilities for us to implement robust cross-border enforcement regimes and achieve success in ways that would elude individual agencies working alone.justice.gov
Justice Department and Federal Trade Commission Meet with Fellow G7 Enforcement Partners on Competition in Digital Markets
Today, Assistant Attorney General Jonathan Kanter of the Department of Justice Antitrust Division and Federal Trade Commission (FTC) Chair Lina M. Khan participated in a Competition Enforcers Summit (Summit) as part of the 2021 G7 Digital and Technology Track. The Summit, hosted by the UK Competition and Markets Authority, explored how competition agencies are approaching the challenges posed by digital markets. The participating delegates were from the G7 competition authorities in Canada, France, Germany, Italy, Japan, the UK and the United States, plus the European Commission and 2021 G7 invitees from Australia, India, South Africa and South Korea. “There is a great deal of urgency among global competition law enforcement authorities to confront the daunting challenges presented by data-driven technologies,” said Assistant Attorney General Kanter. Coming together through the G7 to collectively learn from these experiences and share expertise can boost our anti-monopoly work worldwide,” said FTC Chair Lina M. Khan.justice.gov
Brazil senators readying call for Bolsonaro criminal charges
Brazilian senators are discussing details of an investigative committee’s final report that will call for President Jair Bolsonaro to be indicted on criminal charges for bungling the response to the COVID-19 pandemic and producing the world’s second-highest death tollwashingtonpost.com
130 nations agree to support U.S. proposal for global minimum tax on corporations
U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. WASHINGTON - Treasury Secretary Janet Yellen announced Thursday that a group of 130 nations has agreed to a global minimum tax on corporations. "For decades, the United States has participated in a self-defeating international tax competition, lowering our corporate tax rates only to watch other nations lower theirs in response. The result was a global race to the bottom: Who could lower their corporate rate further and faster? No nation has won this race," said Yellen in a statement on the accord.cnbc.com
Biden Is No Trump But the EU Still Doesn’t Trust the U.S.
Phil Noble via ReutersThere is no question among European leaders preparing for President Biden’s arrival in Brussels this week that reinstating the United States in the global conversation is a good thing—especially after a largely glowing G7 reception in the U.K. But Brussels is different, and in many ways the stakes are much higher for Biden, who just spent the weekend focused on China and will have to pivot to Russia, another country that evokes different opinions. This is especially true whnews.yahoo.com
Top US diplomat says 'China has to cooperate' with investigation into Covid's origins
“The main purpose is to make sure that knowing what happened, why it happened, how it happened, we can put in place what’s necessary to prevent it from happening again or at least to mitigate the next outbreak,” Sec. Blinken told CBS on Sunday about the new inquirynews.yahoo.com
US and UK reject reports of imminent prisoner deal with Iran
The U.S. and the U.K. are dimissing reports coming out of Iran that they are thrashing out a prisoner exchange deal with Tehran that could see the imminent release of a British-Iranian woman, Nazanin Zaghari-Ratcliffe, and four Americans, among others.
Niger government confirms military coup attempt thwarted
FILE- In this April 4, 2019 file photo, Niger's President Elect Mohamed Bazoum is photographed at a G7 meeting in Paris, France. Niger's government says Wednesday March 31, 2021 that an attempted military coup was thwarted overnight at the presidential palace by security forces. The coup attempt took place just two days before Bazoum's inauguration, raising fears of more violence in the coming days. The coup attempt raises fear of more violence coinciding with newly elected President Mohamed Bazoum’s inauguration on Friday. Several people have been arrested in connection with the coup attempt while “others linked to the events are being actively sought,” government spokesman Abdourahmane Zakaria said Wednesday afternoon.
Kremlin: Trump tells Putin about idea for summit with Russia
MOSCOW U.S. President Donald Trump called Russian President Vladimir Putin Monday to tell him about his proposal to convene an international summit that would involve Russia, the Kremlin said. Trump said Saturday he will postpone until the fall a meeting of the G7 leading industrialized nations that he had planned to hold next month, and plans to invite Russia, Australia, South Korea and India. The Kremlin said Monday that Trump told Putin about his idea, but it didn't offer any details of the discussion or say whether the Russian leader accepted the invitation. The Russian president also congratulated Trump on Saturday's launch of two U.S. astronauts aboard the Dragon spacecraft built by Elon Musks SpaceX company, the Kremlin readout said. The Kremlin said that Putin and Trump spoke of the development of mutually beneficial cooperation in space and also talked about the need to intensify a U.S.-Russian dialogue on strategic stability and steps to enhance mutual trust in the military sphere.
Brazil will reject $20 million of Amazon fire aid from G7
BRASILIA - Brazil will reject the offer of $20 million in aid for the Amazon fires pledged at the G7 summit in France, according to news site G1 Globo. The blazes in the Amazon have caused a spat between Bolsonaro and French President Emmanuel Macron, who has been vocal about the need for an international response to the fires. At the group's annual summit, in the French resort of Biarritz on Monday, Macron announced it was making $20 million in aid available to help combat the fires. Rebuffing the offer, Lorenzoni continued to criticize the French president. "Brazil is a democratic nation, free and never had colonial or imperialistic practices which might be (the) objective of Frenchman Macron," Lorenzoni added.
Trump has questioned why he must attend G7
Steffen Seibert/German Federal Press OfficeWASHINGTON (CNN) - President Donald Trump departs late Friday for a summit he's questioned is worth his time. But in conversations with aides over the past weeks, Trump has questioned why he must attend, according to people familiar with the conversations. After the past two G7 summits ended acrimoniously, Trump complained about attending a third, saying he didn't view the gathering as a particularly productive use of his time. The G7 represents the world's major economies, and has long been a regular stop on the US President's calendar. Inside the White House, it wasn't clear Trump would commit to attending the this year's G7 until late spring.
Macron: Amazon rainforest fires are 'international crisis'
(CNN) - French President Emmanuel Macron has angered his Brazilian counterpart by calling the wildfires blazing in the Amazon rainforest an "international crisis" that should be on the agenda at the G7 summit in Biarritz. The Amazon rain forest -- the lungs of our planet which produces 20% of our oxygen -- is on fire. Brazil's far-right president Jair Bolsonaro blasted Macron's offer as "sensationalist" and accused him of using the fires for "political gain." The Amazon forest also produces about 20% of the world's oxygen and is often called "the planet's lungs." When running for president, Bolsonaro made campaign promises to restore the economy by exploring the Amazon's economic potential.