Yellen Says Aim Is ‘Maximum Pain’ for Russia Without Hurting US

The Treasury secretary, testifying before a House committee, said the U.S. would continue finding ways to punish Russia for its invasion of Ukraine.

#economic-conditions-and-trends, #embargoes-and-sanctions, #europe, #group-of-twenty, #house-of-representatives, #international-monetary-fund, #politics-and-government, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #treasury-department, #ukraine, #united-states, #united-states-economy, #war-and-armed-conflicts, #world-bank, #yellen-janet-l

China Takes a Back Seat in International Diplomacy Over Ukraine

Despite its economic and military might and close ties to Russia, China has balked at trying to press Vladimir Putin to stop the fighting.

#china, #defense-and-military-forces, #europe, #group-of-twenty, #putin-vladimir-v, #qin-gang-1966, #russia, #russian-invasion-of-ukraine-2022, #united-states-international-relations, #xi-jinping

Inside Biden’s Race to Prevent War Between Russia and Ukraine

President Biden made three critical decisions about how to handle Russia’s provocations, aiming to prevent armed conflict in Ukraine.

#biden-joseph-r-jr, #burns-william-j, #classified-information-and-state-secrets, #defense-and-military-forces, #defense-department, #embargoes-and-sanctions, #espionage-and-intelligence-services, #europe, #european-union, #group-of-twenty, #north-atlantic-treaty-organization, #office-of-the-director-of-national-intelligence, #putin-vladimir-v, #russia, #ukraine, #united-states-defense-and-military-forces, #united-states-international-relations, #war-and-armed-conflicts, #zelensky-volodymyr

Wooing Allies, Publicizing Putin’s Plans: Inside Biden’s Race to Prevent War

President Biden made three critical decisions about how to handle Russia’s provocations, aiming to prevent armed conflict in Ukraine.

#biden-joseph-r-jr, #burns-william-j, #classified-information-and-state-secrets, #defense-and-military-forces, #defense-department, #embargoes-and-sanctions, #espionage-and-intelligence-services, #europe, #european-union, #group-of-twenty, #north-atlantic-treaty-organization, #office-of-the-director-of-national-intelligence, #putin-vladimir-v, #russia, #ukraine, #united-states-defense-and-military-forces, #united-states-international-relations, #war-and-armed-conflicts, #zelensky-volodymyr

As Turkey Chafes at Erdogan, He Gets Spikier Abroad

President Recep Tayyip Erdogan canceled an appearance at the global climate talks over a perceived slight, part of a pattern of creating international dramas to bolster his domestic standing.

#biden-joseph-r-jr, #economic-conditions-and-trends, #erdogan-recep-tayyip, #global-warming, #group-of-twenty, #politics-and-government, #turkey, #united-states-international-relations, #wildfires

Struggling at Home, Biden Is Buoyed by G20 Trip Abroad

A trip to Rome invigorated a president whose poll numbers are slumping at home, but who projected confidence in his foreign and domestic agenda.

#biden-joseph-r-jr, #group-of-twenty, #rome-italy, #united-nations-framework-convention-on-climate-change, #united-states-politics-and-government

Biden Rolls Back Trump’s Metal Tariffs On European Union

The deal, which comes as U.S. and E.U. allies meet in Rome, will keep some trade protections in place in a nod to metalworking unions that supported President Biden.

#biden-joseph-r-jr, #customs-tariff, #europe, #group-of-twenty, #international-trade-and-world-market, #steel-and-iron, #trump-donald-j, #united-states-politics-and-government

Pressure Grows on G20 Nations to Get Covid Vaccines to the Poor

The world’s leaders are focusing on preventing future pandemics, but experts say rich nations are not doing enough to help the poor survive the current one.

#biden-joseph-r-jr, #blinken-antony-j, #coronavirus-2019-ncov, #deaths-fatalities, #demonstrations-protests-and-riots, #draghi-mario, #drugs-pharmaceuticals, #foreign-aid, #francis, #group-of-twenty, #income-inequality, #international-trade-and-world-market, #pfizer-inc, #philanthropy, #politics-and-government, #poverty, #rome-italy, #sullivan-jacob-j-1976, #third-world-and-developing-countries, #united-states-politics-and-government, #vaccination-and-immunization, #world-health-organization

Biden Finds Raising Corporate Tax Rates Easier Abroad Than at Home

As the Group of 20 seals a new global minimum tax for companies, the president has scaled back his plans to tax U.S. corporations more.

#biden-joseph-r-jr, #corporate-taxes, #corporations, #donohoe-paschal-1974, #europe, #federal-budget-us, #federal-taxes-us, #foreign-investments, #group-of-twenty, #house-of-representatives, #income, #income-tax, #internal-revenue-service, #national-assn-of-manufacturers, #organization-for-economic-cooperation-and-development, #patriotic-millionaires, #tax-cuts-and-jobs-act-2017, #tax-shelters, #treasury-department, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries, #yellen-janet-l

Xi Hasn’t Left China in 21 Months. Covid May Be Only Part of the Reason.

Xi Jinping’s lack of face time with world leaders signals a turn inward on domestic issues and a reluctance to compromise on the global stage.

#china, #communist-party-of-china, #coronavirus-2019-ncov, #group-of-twenty, #international-relations, #politics-and-government, #united-states-international-relations, #xi-jinping

Biden Eases Fray with France and Savors Meeting with Pope as Europe Trip Begins

Mr. Biden sought to mend ties with France’s president over a sabotaged French submarine contract, and expressed gratitude toward Pope Francis after a 90-minute meeting.

#biden-joseph-r-jr, #draghi-mario, #european-union, #francis, #group-of-twenty, #rome-italy, #united-states-international-relations

‘America Is Back,’ Biden Declared in June. The World Is About to Test Him.

Arriving in Europe with an unfinished economic and environmental spending plan, the president will confront new challenges, some self-inflicted, at two major summits.

#biden-joseph-r-jr, #draghi-mario, #erdogan-recep-tayyip, #group-of-twenty, #macron-emmanuel-1977, #submarines-and-submersibles, #united-nations-framework-convention-on-climate-change, #united-states-international-relations

France and the United States Seek an Elusive Reconciliation

The Biden administration is poised to offer the French some defense-related emollients after their falling out over a sabotaged submarine deal. But some damage may last.

#biden-joseph-r-jr, #blinken-antony-j, #defense-and-military-forces, #european-union, #group-of-twenty, #le-drian-jean-yves, #macron-emmanuel-1977, #milley-mark-a, #north-atlantic-treaty-organization, #politics-and-government, #sahraoui-adnan-abu-walid-al, #submarines-and-submersibles, #sullivan-jacob-j-1976, #terrorism, #united-states-defense-and-military-forces, #united-states-international-relations, #united-states-politics-and-government

E.U. Pledges $1.15 Billion in Afghan Aid as U.S. Talks to Taliban

Europe and America are offering stopgap humanitarian aid for a country on the brink of collapse, but larger decisions about the new Taliban government remain on hold.

#afghanistan, #afghanistan-war-2001, #european-union, #foreign-aid, #group-of-twenty, #humanitarian-aid, #immigration-and-emigration, #refugees-and-displaced-persons, #terrorism, #united-states-agency-for-international-development, #von-der-leyen-ursula

House Bill Raises Chance for Global Pact to Curb Corporate Tax Havens

Several big details remain to be worked out before an international October deadline.

#biden-joseph-r-jr, #corporate-taxes, #federal-taxes-us, #group-of-twenty, #house-committee-on-ways-and-means, #law-and-legislation, #organization-for-economic-cooperation-and-development, #tax-shelters, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

To Enable Travel, the World Needs a Vaccine Certification System

We need a global vaccine certification system to ease international trade and trips.

#astrazeneca-plc, #european-union, #food-and-drug-administration, #great-britain, #group-of-twenty, #privacy, #quarantines, #travel-warnings, #united-states, #vaccination-and-immunization

Global Tax Overhaul Gains Steam as G20 Backs New Levies

The approach marks a reversal of years of economic policies that embraced low taxes as a way for countries to attract investment and fuel growth.

#corporate-taxes, #corporations, #europe, #european-union, #federal-taxes-us, #foreign-investments, #group-of-twenty, #organization-for-economic-cooperation-and-development, #tax-shelters, #taxation, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #yellen-janet-l

I.M.F. Board Backs $650 Billion Aid Plan to Help Poor Countries

The expansion of emergency reserves to fund vaccines and pay down debt has emerged as a political flash point in the United States.

#coronavirus-2019-ncov, #georgieva-kristalina-ivanova, #group-of-twenty, #international-monetary-fund, #third-world-and-developing-countries, #united-states-economy, #vaccination-and-immunization, #yellen-janet-l

Finance Ministers Meet in Venice to Finalize Global Tax Agreement

The G20 gathering begins a crucial stretch in yearslong negotiations.

#amazon-com-inc, #biden-joseph-r-jr, #corporate-taxes, #federal-taxes-us, #group-of-twenty, #international-trade-and-world-market, #organization-for-economic-cooperation-and-development, #tax-shelters, #united-states-economy, #venice-italy, #yellen-janet-l

Angela Merkel Makes a Low-Key Farewell at the G7 Summit

The German chancellor, known for her commitment to compromise, is eager to revive deal-making on multilateral policy, joining the world’s top democratic leaders one last time. Can she be replaced?

#european-union, #germany, #global-warming, #group-of-eight, #group-of-seven, #group-of-twenty, #merkel-angela, #politics-and-government

How Debt and Climate Change Pose a ‘Systemic Risk to the Global Economy’

With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are debating green debt relief.

#belize, #coast-erosion, #credit-and-debt, #credit-ratings-and-credit-rating-agencies, #disasters-and-emergencies, #drought, #fiji, #global-warming, #greenhouse-gas-emissions, #group-of-twenty, #hurricanes-and-tropical-storms, #international-monetary-fund, #mozambique, #third-world-and-developing-countries, #united-nations-framework-convention-on-climate-change, #world-bank

Israeli Reports Say Netanyahu Met Saudi Crown Prince, but Saudis Deny It

The reported visit on Sunday night, amid talk of warming relations, would be the first known meeting between high-level Israeli and Saudi leaders.

#group-of-twenty, #international-relations, #israel, #mohammed-bin-salman-1985, #netanyahu-benjamin, #pompeo-mike, #saudi-arabia

Netanyahu Meets With Saudi Crown Prince

The reported visit on Sunday night would be the first known meeting between high-level Israeli and Saudi leaders.

#group-of-twenty, #international-relations, #israel, #mohammed-bin-salman-1985, #netanyahu-benjamin, #pompeo-mike, #saudi-arabia

G20 Summit Closes With Little Progress and Big Gaps Between Trump and Allies

World leaders committed to some efforts to fight the coronavirus pandemic, but the meeting illustrated the difficulty of carrying out an agenda when the United States is indifferent or hostile to many goals.

#arms-control-and-limitation-and-disarmament, #biden-joseph-r-jr, #coronavirus-2019-ncov, #global-warming, #group-of-twenty, #international-trade-and-world-market, #presidential-election-of-2020, #trump-donald-j, #united-nations-framework-convention-on-climate-change, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

At G-20, Saudi Arabia and Human Rights Activists Fight Over Kingdom’s Image

As the summit’s host, the kingdom hopes to showcase its advances, while critics see an opportunity to pounce. But the virtual event will have a lower profile.

#assassinations-and-attempted-assassinations, #group-of-twenty, #human-rights-and-human-rights-violations, #human-rights-watch, #mohammed-bin-salman-1985, #political-prisoners, #riyadh-saudi-arabia, #womens-rights

How the Wealthy World Has Failed Poor Countries During the Pandemic

Despite pledges for debt relief and expanded programs, the World Bank and International Monetary Fund have delivered meager aid, say economists.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #georgieva-kristalina-ivanova, #group-of-twenty, #international-monetary-fund, #malpass-david, #mnuchin-steven-t, #poverty, #stimulus-economic, #third-world-and-developing-countries, #united-states-economy, #united-states-politics-and-government, #world-bank

Toronto Police to Pay $12.5 Million to Protesters Arrested During 2010 G-20 Summit

Brutal police tactics during the global meeting shocked many Canadians, led to 1,100 arrests and were found unlawful.

#canada, #demonstrations-protests-and-riots, #group-of-twenty, #police-brutality-misconduct-and-shootings, #toronto-ontario

Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’

Dozens of countries that borrowed from private investors have debt payments coming due as their economies have crashed because of the coronavirus.

#angola, #argentina, #banking-and-financial-institutions, #brazil, #coronavirus-2019-ncov, #credit-and-debt, #currency, #group-of-twenty, #institute-of-international-finance, #international-monetary-fund, #latin-america, #shutdowns-institutional, #third-world-and-developing-countries, #world-bank

To Fight Coronavirus, Poor Nations Need Their Debt Canceled

Delaying the repayments to the Group of 20 is not enough.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #epidemics, #group-of-twenty, #income, #international-monetary-fund, #recession-and-depression

A Time to Save the Sick and Rescue the Planet

With closer cooperation among nations, the head of the United Nations argues, we could stop a pandemic faster and slow climate change.

#alternative-and-renewable-energy, #coronavirus-2019-ncov, #economic-conditions-and-trends, #european-union, #global-warming, #great-britain, #green-new-deal, #greenhouse-gas-emissions, #group-of-twenty, #international-renewable-energy-agency, #italy, #japan, #middle-east-and-africa-migrant-crisis, #mizuho-financial-group-inc, #paris-france, #quarantines, #united-nations, #united-nations-convention-on-biological-diversity, #united-nations-framework-convention-on-climate-change, #world-meteorological-organization

Saudi Arabia’s Crown Prince Had Been Lying Low. That’s Over.

Crown Prince Mohammed bin Salman seemed to be keeping a low profile. Then he detained senior members of the royal family and started an oil price war.

#ahmed-bin-abdulaziz-prince-of-saudi-arabia, #group-of-twenty, #khashoggi-jamal, #mohammed-bin-nayef, #mohammed-bin-salman-1985, #oil-petroleum-and-gasoline, #politics-and-government, #riyadh-saudi-arabia, #salman-king-of-saudi-arabia, #saudi-arabia, #saudi-aramco