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Macron says European defense autonomy and NATO membership are compatible
  + stars: | 2021-06-18 | by ( ) www.reuters.com + 0.99   time to read: +1 min
French President Emmanuel Macron speaks as he and German Chancellor Angela Merkel give a news statement in Berlin, Germany, June 18, 2021. REUTERS/Axel Schmidt/PoolPARIS, June 18 (Reuters) - French President Emmanuel Macron on Friday said that the goal of European defence autonomy could go hand in hand with NATO membership. Macron also said U.S. President Joe Biden had expressed his respect for the European Union on the political level as well as his desire to work with the EU as a partner. Merkel, who prefers to see NATO remain the centerpiece of European defence, said she was happy the U.S. had recreated a "climate of cooperation". Editing by Richard Lough Editing by GV De ClercqOur Standards: The Thomson Reuters Trust Principles.
Persons: Emmanuel Macron, Angela Merkel, Axel Schmidt, Macron, Joe Biden, Merkel, Richard Lough Organizations: REUTERS, NATO, European Union, EU, GV, Thomson Locations: Berlin, Germany, PARIS, United States, Atlantic, China, United States of America
Do We Need a New Atlantic Charter?
  + stars: | 2021-06-17 | by ( Richard J. Evans | ) www.wsj.com + 0.00   time to read: +3 min
The much-publicized agreement reflects Mr. Johnson’s determination to reorient British foreign policy away from Europe in the wake of Brexit. Today we do the same.” But does the new Atlantic Charter really deserve the comparison with the historic original? In fact, the Atlantic Charter of 1941 was less about remaking the world than about fighting World War II. In this sense, the Atlantic Charter was more a propaganda statement than a program for action. Even the name “Atlantic Charter” wasn’t official; it was invented by the Daily Herald, a left-wing British newspaper, to describe what was formally known as the Joint Declaration by the President and the Prime Minister.
Persons: Joe Biden, Boris Johnson, , Franklin D, Roosevelt, Winston Churchill, Biden, Trump, Johnson, , wasn’t Organizations: Charter, British, Atlantic Charter, U.S, Lease, Daily Herald Locations: England, Newfoundland, Europe, Britain, Germany, U.S
ByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups. ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. From the Archives Video-sharing app TikTok has come to rival some of the world’s most popular social-media platforms in just a few years. WSJ looks at how Chinese startup ByteDance took TikTok to the masses and why it attracted regulatory scrutiny. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.
Persons: ByteDance, Zhang Yiming, Jaden Urbi, TikTok, Donald Trump’s, Biden, Zhang, — Raffaele Huang, Liza Lin Organizations: ByteDance, Wall Street, KKR, Co, Sequoia Capital, General Atlantic, Fidelity Investments, Inc, Cyberspace Administration Locations: Beijing, Hong Kong, New York, China, U.S, ByteDance, Liza.Lin
The U.S. and Britain end their aircraft subsidy dispute, mirroring an E.U. The agreement mirrors one reached between the United States and European Union on Tuesday. Britain and the United States agreed to explore a coordinated approach to screen investments in the aircraft industry financed by China and other nonmarket economies. In March, the United States suspended retaliatory tariffs against Britain for four months to work out a longer-term solution to the aircraft dispute. This would support British producers in several industries, but especially Scotch whisky, which faced a 25 percent tariff in the United States.
Persons: Boris Johnson, Biden, Doug Mills, Loren Elliott, Downdetector.com, — Heath Parkes, , , Mike Ives, Read, Willis Towers Watson, Department’s, General Merrick Garland, , Richard Powers, didn’t, Aon, Biden’s, Lina Khan, Condé Nast Organizations: U.S, Charter . Credit, New York Times, European Union, Boeing, Airbus, Commercial Aircraft Corporation of, United, Atlantic Charter, Britain, Commonwealth Bank, Virgin Australia, Hong Kong Stock Exchange, ANZ, Commonwealth, Westpac —, Residents, Westpac, National Australia Bank, The New York Times, CNN, The Financial Times, Guardian, Australia, The, Justice, Big, Regulators, , Federal Trade Commission, Southwest Airlines, midafternoon, Ars Technica, Pitchfork, New Yorker Union Locations: Britain, Cornwall, England, United States, China, Commercial Aircraft Corporation of China, British, Australia, Germany, India, Akamai, Massachusetts, Macquarie, Hupton, San Francisco, Aon, Europe, Ireland, London
If the weather disturbance strengthens into a tropical storm, it would be called Claudette, the third named storm of this year's Atlantic hurricane season, which began this month and ends Nov. 30. The Atlantic recorded the first named storm last month, when a subtropical storm named Ana formed near Bermuda. That marked the seventh consecutive year that a named storm arrived before the official start date of the season. Hurricane season is becoming longer and more intense as climate change triggers more frequent and destructive storms. An average season has 12 named storms and six hurricanes, according to the National Oceanic and Atmospheric Administration.
Persons: Adrees Latif, Claudette, Ana, Joe Biden, Evelyn Hockstein, Jason Miczek Organizations: Hurricane Delta, Reuters, Atlantic, National Hurricane Center, Florida Panhandle, U.S, Federal Emergency Management Agency, FEMA, National Oceanic, Atmospheric Administration Locations: Hurricane, Creole , Louisiana, U.S, Texas, Florida, Bermuda, Washington, Gulf, Lumberton , North Carolina
(Removes reference to Rethink Food as a non-profit in paragraph 3)(Reuters) - Motif FoodWorks, which makes plant-based ingredients and flavorings, said on Wednesday it had raised $226 million in a Series B funding round, as meat alternatives have gained traction during the COVID-19 pandemic. Environmental and ethical concerns among consumers have boosted the popularity for faux meat makers Beyond Meat Inc and Impossible Foods, especially over the past year, when several beef and pork producers shut their meat plants to curb the spread of the coronavirus outbreak. The funding round was led by Ontario Teachers’ Pension Plan Board, funds and accounts managed by asset manager BlackRock, and includes participation from equity investor General Atlantic as well as Rethink Food. The Boston-based startup, which was spun out of biotech company Ginkgo Bioworks in 2019, has raised a total of $345 million to date.
Organizations: Foods, Ontario, BlackRock, Atlantic Locations: Boston
June 16 (Reuters) - Motif FoodWorks, which makes plant-based ingredients and flavorings, said on Wednesday it had raised $226 million in a Series B funding round, as meat alternatives have gained traction during the COVID-19 pandemic. Environmental and ethical concerns among consumers have boosted the popularity for faux meat makers Beyond Meat Inc and Impossible Foods, especially over the past year, when several beef and pork producers shut their meat plants to curb the spread of the coronavirus outbreak. The funding round was led by Ontario Teachers’ Pension Plan Board, funds and accounts managed by asset manager BlackRock , and includes participation from equity investor General Atlantic as well as non-profit Rethink Food. The Boston-based startup, which was spun out of biotech company Ginkgo Bioworks in 2019, has raised a total of $345 million to date.
Organizations: Foods, Ontario, BlackRock, Atlantic Locations: Boston
Biden, Putin Meet for Tense Talks in Geneva
  + stars: | 2021-06-16 | by ( Ann M. Simmons | Andrew Restuccia | ) www.wsj.com + 0.95   time to read: +1 min
GENEVA—Fresh from days of meetings with the U.S.’s closest allies, President Biden is set to raise a number of thorny issues with Russian President Vladimir Putin during their summit Wednesday, from Moscow’s aggression toward Ukraine to alleged cyberattacks against the U.S. Both sides have played down the prospects of a thaw in relations, although U.S. officials have suggested some headway could be made on sticking points such as nuclear arms control at the meeting, which is taking place at an 18th-century villa in a park overlooking Lake Geneva. Throughout his first visit overseas as president, meeting Group of Seven and European leaders and the U.S.’s partners at the North Atlantic Treaty Organization, Mr. Biden has signaled that he wants to show that the U.S. and its allies won’t tolerate what it regards as provocative actions by the Kremlin and will counter the growing influence of autocratic powers. Mr. Putin has also flagged his interest in pursuing a dialogue with Mr. Biden, describing the American president as a more predictable leader than his predecessor, but has made clear that he won’t be cowed. Both sides have acknowledged that their relationship has reached a post-Cold War low in recent years, with Moscow recently including the U.S. on its list of unfriendly nations.
Persons: Biden, Vladimir Putin, Mr, Putin Organizations: U.S, Atlantic Treaty Organization, Mr, Kremlin Locations: GENEVA, Ukraine, Lake Geneva, Moscow
Biden, Putin Prepare for Tense Talks in Geneva
  + stars: | 2021-06-16 | by ( Ann M. Simmons | Andrew Restuccia | ) www.wsj.com + 0.98   time to read: +1 min
GENEVA—Fresh from days of meetings with the U.S.’s closest allies, President Biden is set to raise a number of thorny issues with Russian President Vladimir Putin during their summit Wednesday, from Moscow’s aggression toward Ukraine to alleged cyberattacks against the U.S. Both sides have played down the prospects of a thaw in relations, although U.S. officials have suggested some headway could be made on sticking points such as nuclear arms control. Throughout his first visit overseas as president, meeting Group of Seven and European leaders and the U.S.’s partners at the North Atlantic Treaty Organization, Mr. Biden has signaled that he wants to show that the U.S. and its allies won’t tolerate what it regards as provocative actions by the Kremlin and will counter the growing influence of autocratic powers. Mr. Putin, who was scheduled to arrive in Geneva on Wednesday, has also flagged his interest in pursuing a dialogue with Mr. Biden, describing the American president as a more predictable leader than his predecessor, but has made clear that he won’t be cowed. Both sides have acknowledged that their relationship has reached a post-Cold War low in recent years, with Moscow recently including the U.S. on its list of unfriendly nations.
Persons: Biden, Vladimir Putin, Mr, Putin Organizations: U.S, Atlantic Treaty Organization, Mr, Kremlin Locations: GENEVA, Ukraine, Geneva, Moscow
Political Summits Signal International Focus on Ransomware
  + stars: | 2021-06-16 | by ( Catherine Stupp | ) www.wsj.com + 0.00   time to read: +5 min
“Responsible countries need to take action against criminals who conduct ransomware activities on their territory,” Mr. Biden said after the summit during which the two leaders discussed a range of issues. “This is an issue that has been starving for that political attention for a long time,” said Chris Painter, a former senior official in charge of cyber issues at the U.S. State and Justice departments. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. “Ransomware is now seen as a national security threat and allies want to coordinate their response,” Mr. Soesanto said. Before the G-7 meeting in Cornwall, England, Mr. Biden met with British Prime Minister Boris Johnson.
Persons: Biden, Vladimir Putin, Mr, Putin, cybersecurity, Russia wasn’t, , Chris Painter, Stefan Soesanto, “ Ransomware, Soesanto, Ciaran Martin, ” Mr, Martin, Logan Cyrus, Painter, ” Lindy Cameron, Boris Johnson, , shouldn’t, cybercrimes, Catherine Stupp Organizations: Atlantic, Seven, U.S . State, Justice, Colonial Pipeline Co, JBS SA, NATO, Center for Security Studies, ETH Zurich, National Cyber Security, government’s, Getty, British National Cyber Security, Royal United Services Institute, British, European Union, Estonia’s Locations: U.S, Geneva, Russia, AFP, Cornwall, England
There's big money in tiny but vital food ingredients for alternative proteins. Instead, Motif focuses on creating ingredients that make plant-based and other alternative proteins taste, feel, and look more like their animal-based counterparts. That's an advantage that McIntyre said Motif has over food companies trying to expand their alternative protein businesses. While many food companies are eager to capitalize on interest in alternatives to animal protein, many aren't willing to spend money to develop them. In addition to developing the ingredients, Motif also creates specific recipes that utilize their ingredients.
Persons: Louis Dreyfus, Jon McIntyre, McIntyre, Ginkgo Organizations: Blackrock, Ontario, Board, CPT Capital, General Atlantic, Viking Global, Louis, Louis Dreyfus Company, AiiM Partners, Wittington Ventures, Rage, Rellevant Partners, Breakthrough Energy Ventures, Foods Locations: Boston
China accused NATO of slander on Tuesday, and warned the alliance to “stop hyping up” the threat it poses after the summit’s communique took a tough line on Beijing. It noted that China is expanding its nuclear arsenal and military cooperation with Russia. Biden has urged world leaders during his trip to Europe to increase their pressure on China. China views Taiwan as an inseparable part of its sovereign territory and has tightened its grip on Hong Kong over the last year. NATO leaders in their communique also called out Russia and said that its “aggressive actions constitute a threat to Euro-Atlantic security.” It mentioned Russia’s war games near the borders of NATO countries as well as the repeated violation NATO nations’ airspace by Russian planes.
Persons: , , Joe Biden’s, , Biden, ” Biden, Vladimir Putin, Putin, cybercrime Organizations: Union, NATO, Atlantic Treaty Organization, Soviet Union, China Daily, NBC, Russian, NBC News, U.S Locations: China, NATO, Beijing, Brussels, Russia, Soviet, Europe, Xinjiang, Hong Kong, Taiwan Strait, Taiwan, London, Geneva, U.S
On Tuesday, Mr. Biden completed the last of three summits with the U.S.’s staunchest allies, having met with leaders from the Group of Seven wealthy democracies, NATO and the European Union. U.S. officials believe the tour has successfully unified the world’s major democracies against the influence of autocracies like China and Russia. That, analysts say, has increased the need for Mr. Biden to stabilize relations with the Kremlin to focus on Beijing. “We should decide where it’s in our mutual interest, in the interest of the world, to cooperate, and see if we can do that. And the areas where we don’t agree, make clear what the red lines are,” Mr. Biden told reporters Monday after a summit of the North Atlantic Treaty Organization.
Persons: Biden’s, Vladimir Putin, Biden, Katherine Tai, , Mr Organizations: U.S, NATO, European Union . U.S, EU, U.S . Trade, Atlantic Treaty Organization Locations: amity, China, Russia, U.S, Beijing
Atlantic Council CEO: Biden must not show Putin 'inadvertent weakness' during meeting
  + stars: | 2021-06-15 | by ( ) www.cnbc.com sentiment -0.81   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAtlantic Council CEO: Biden must not show Putin 'inadvertent weakness' during meetingU.S. President Joe Biden is set to meet with Russian President Vladimir Putin on Wednesday. Fred Kempe of Atlantic Council discusses why communication between the two leaders is important to avoid conflict.
Persons: Biden, Putin, Joe Biden, Vladimir Putin, Fred Kempe Organizations: Email Atlantic, Atlantic Council
President Joe Biden (L) and President Vladimir Putin. Getty ImagesWhen U.S. President Joe Biden meets Russian President Vladimir Putin in Geneva on Wednesday it will be one of the most closely watched pieces of geopolitical theater this year. But it will be their first meeting since Biden became U.S. president, the so-called leader of the free world. At NATO's headquarters, Biden told reporters that he consulted with other world leaders in the days ahead of his meeting with Putin. "Every world leader here, most of them mentioned it [the upcoming summit] and thanked me for meeting with Putin," Biden said Monday.
Persons: Joe Biden, Vladimir Putin, Biden, Donald Trump, Trump, Putin, Biden's, Brendan Smialowski, Alexei Navalny's, Navalny, Alexei Navalny, Hacking, Evelyn Hockstein, Washington, Christopher Wray, National Intelligence Avril Haines, Fabrice Pothier, hadn't, Pothier, Chris Weafer, Weafer Organizations: Putin, U.S, NATO, Kremlin, Reuters, Atlantic Treaty Organization, AFP, Getty, , Soviet Union . Toxicology, Colonial Pipeline, U.S ., Southeast . Gas, White, American Embassy, National Intelligence, Rasmussen Global, CNBC Locations: Geneva, Biden's, Switzerland, NATO's, U.S, Brussels, Russia, — Moscow, Berlin, Germany, Moscow, Simonovsky, Russian, Soviet, France, Sweden, East, Southeast, Washington , U.S, United States, Europe
Dan Sundheim's D1 Capital has made private investments in startups since its inception in 2018. Hedge fund D1 Capital Partners, run by billionaire Dan Sundheim, is continuing to ramp up its private market bets — having invested in at least 35 private companies in 2021 so far. The Series F, raised less than a month after its $515 million Series E, valued the firm at $10 billion. While it is unclear whether D1 participated in the latest round, D1 led the company's $45 million Series D this past February and its $30 million Series C in 2020. InstacartRivianRivian, an electric-truck startup backed by Amazon and Ford, raised a $2.6 billion Series F on January 19.
Persons: Dan Sundheim's, Dan Sundheim, Elon, Logistics Shing Chow, Raymond Cheng, Morgan Stanley, Mike Windle, Tishman, Chamath, Drivenets, Franklin Templeton, Shippo, Squarespace, , IVP, Consumer Tech Apoorva Mehta, Instacart Rivian, Rowe Price, Andreessen Horowitz, Valiant Peregrine, goPuff, Sundheim, Falcon, Cazoo, Kavak, Daring, Drake, Biotech Jennifer Doudna, Nick Otto, AbSci, Inscripta, PathAI, Heru, Bascom Palmer, Sashi Narahari, HighRadius, TransferWise, Bailie Gifford Organizations: D1 Capital Partners, Tiger Cub, Tiger Global, Coatue Management, Gamestop, AMC, Logistics, Elon Musk's, SpaceX, Pitchbook, D1, Lalamove, South China Morning, Getty, Sequoia Capital, Hillhouse, Boyu Capital, Tiger Fund, Logistics Michigan, Oxford Properties, Morgan, Morgan Stanley Investment, Enterprise Software, Sutter, Corp, BlackRock, Atreides Management, Bessemer Venture Partners, CCC, Services, Capital Management, Bloomberg, Dragoneer, Fidelity, New York Stock Exchange, Base10 Partners, 6Sense, Sapphire Ventures, Tiger, OneStream Software, Software, Tiger Global and Investment Group, Santa, Procore Technologies, Commerce, Consumer Tech, Amazon, Ford, Valiant, TPG, Fidelity Management, Fund, Accel, Misfits, Valor Equity Partners, Greenoaks, Wall Acquisition Corp, Starwood Capital Group, Guild Education Guild Education, Cowboy Ventures, Emerson, Sequoia, Lightspeed, Founders Fund, Khosla Ventures, Dragoneer Investment, Healthcare, Biotech, Northpond Ventures, OSF Healthcare Ventures, Micro, Casdin Capital, Redmile, Kaiser Permanente, Tiger Global Management, General Atlantic, Myers Squibb Company, Bascom Palmer Eye Institute, SoftBank Ventures, Nasdaq, Alkeon Capital, Sky News, Lone Pine Capital, Fidelity Investments Locations: South, Hong Kong, Sequoia Capital China, San Jose , CA, Tishman Speyer, Israeli, Coatue, NYC, OneStream Software Michigan, Santa Barbara, OYO, British, BlackRock, America, Philadelphia, Scottsdale, AZ, Denver, Bristol, London
Biden picks Israel, Mexico, NATO ambassadors
  + stars: | 2021-06-15 | by ( Trevor Hunnicutt | ) www.reuters.com + 1.00   time to read: +2 min
U.S. President Joe Biden smiles during a bilateral meeting with his Swiss counterpart (not pictured) in Geneva, Switzerland June 15, 2021. Fabrice Coffrini/Pool via REUTERSWASHINGTON, June 15 (Reuters) - President Joe Biden on Tuesday announced his nominees to be ambassadors to Israel, Mexico and NATO, as he moves to strengthen U.S. alliances in tough regions. Biden also picked Ken Salazar, a former U.S. senator from Colorado and interior secretary, as his ambassador to Mexico. The country is one of the United States' biggest trading partners and the Biden administration is working to manage immigration across the U.S.-Mexican border. The White House also said Biden picked C. B.
Persons: Joe Biden, Fabrice Coffrini, Thomas Nides, Morgan Stanley, MS.N, Barack Obama, Benjamin Netanyahu's, Biden, Ken Salazar, Julianne Smith, Vladimir Putin, Sully, Sullenberger, Trevor Hunnicutt, Heather Timmons, Alistair Bell Organizations: Swiss, REUTERS, Tuesday, NATO, White, U.S ., of, Atlantic Treaty Organization, International Civil Aviation Organization, Airbus, Biden, Thomson Locations: Geneva, Switzerland, REUTERS WASHINGTON, Israel, Mexico, U.S, Colorado, United States, Russia, Hudson, Sri Lanka, Gambia, Guinea, Paraguay, Costa Rica
The logo of Turkey's leading fashion e-commerce company Trendyol is pictured at the entrance of the company's headquarters in Istanbul, Turkey, June 22, 2016. REUTERS/Murad SezerISTANBUL, June 15 (Reuters) - Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, is in discussions to raise $2 billion from investors, two sources with direct knowledge of the matter told Reuters. Trendyol, one of Turkey's best known e-commerce platforms, has drawn backing from foreign investors and holds a leading position in Turkey's fragmented e-commerce market. "Trendyol is in discussions to raise $2 billion from global investors," said one of the sources, speaking on condition of anonymity. SoftBank and private equity firm General Atlantic were involved in the talks for the investment, three sources said.
Persons: Murad Sezer, Atlantic, Trendyol, SoftBank, Ezgi Erkoyun, Dominic Evans, Richard Pullin Organizations: REUTERS, Reuters, General Atlantic, Citi, Thomson Locations: Istanbul, Turkey, Murad Sezer ISTANBUL, Trendyol, Alibaba
Biden, who has previously called for Ukraine to join NATO, made clear that such a move had not been approved yet. It remains to be seen," he said when asked for a "yes or no" about Ukraine joining the organization. Biden is set to meet Wednesday with Russian President Vladimir Putin, who's voiced opposition to Ukraine joining NATO in the past. In his opening remarks, Biden said NATO will stand behind Ukraine's "sovereignty and territorial integrity," but made no mention of the country joining the organization. Biden has a long history with Ukraine, and was tasked with pushing the country to fight corruption during the Obama administration.
Persons: Joe Biden, Volodymyr Zelenskyy, Biden, Zelenskyy, Vladimir Putin, who's, Putin, Obama, Hunter, Donald Trump, Trump Organizations: Atlantic Treaty Organization, Twitter, NATO, Alliance, U.S, House, Senate, NBC, Soviet Union Locations: Ukraine, Russia, Brussels, Ukrainian, Ukraine's Crimea, Crimea, Western, Soviet
S&P 500 futures meanwhile nudged 0.1% higher, with investors apparently viewing Thursday’s above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. Speculators’ net long positions in U.S. bond futures hit the highest level since October 2017, U.S. financial watchdog data showed. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday. Bitcoin held on to weekend gains, when Elon Musk flagged Tesla’s possible resumption of transactions using the token.
Persons: Goldman Sachs, ” John Woolfitt, Treasuries, , Akira Takei, Bitcoin Organizations: U.S . Federal, Atlantic Capital, Asset Management, Nikkei, European Central Bank, Elon Musk Locations: TOKYO, U.S, COVID, China, London, , Asia, Hong Kong, Australia, Pacific, Japan, Xinjiang
Biden to Emphasize U.S. Commitment to NATO at Summit
  + stars: | 2021-06-14 | by ( James Marson | Andrew Restuccia | ) www.wsj.com sentiment -0.82   time to read: +1 min
BRUSSELS—President Biden meets with leaders of NATO allies in Brussels Monday, seeking to encourage a more concerted response to Chinese security threats and to bolster an alliance jolted by broadsides from his predecessor. U.S. officials said Mr. Biden will emphasize his commitment to the principle of collective defense enshrined in Article 5 of the treaty that established the North Atlantic Treaty Organization in 1949, following some uncertainty about Washington’s view of the matter under former President Donald Trump. During the meeting, NATO’s 30 member countries will take initial steps to revise the group’s Strategic Concept, which sets out the group’s goals. The Strategic Concept will be adopted next year, and is expected to touch on Russia, China, cybersecurity and climate change, according to U.S. officials. The summit comes two days before Mr. Biden is scheduled to meet Russian President Vladimir Putin in Geneva and Mr. Biden will brief allied leaders on that.
Persons: Biden, Mr, Donald Trump, Vladimir Putin Organizations: NATO, Atlantic Treaty Organization Locations: BRUSSELS, Brussels, China, Russia, Geneva
Back-to-Back Rebukes of China Mark a Turning Point
  + stars: | 2021-06-14 | by ( James T. Areddy | ) www.wsj.com sentiment -0.93   time to read: +1 min
Major democracies rallied together this week to issue extraordinary back-to-back rebukes of Beijing, marking a shift toward collective action and pushing back against President Xi Jinping’s strategies to position China as a global leader. Over two consecutive days, Group of Seven leaders and North Atlantic Treaty Organization nations jointly criticized core Chinese policy under Mr. Xi as damaging to military stability, human rights, international trade and global health. NATO members vowed Monday to counter “systemic challenges to the rules-based international order” posed by China. The one-two punch of public criticism smacks directly into Mr. Xi’s assertion that China won’t stand for lecturing by other nations, suggesting anxiety in key capitals is prompting governments to seek alignment with the U.S. over attempting to manage the relationship with Beijing on their own. “China’s behavior changed the risk calculus,” said Evan Medeiros, a Georgetown University professor.
Persons: Xi, , Evan Medeiros Organizations: Seven, North Atlantic Treaty Organization, NATO, U.S, Georgetown University, Chinese Communist Party Locations: Beijing, China
During exercises in Europe this spring, US forces worked on new ways to get equipment and supplies troops in the field. Those new approaches are part of a broader effort to improve NATO's ability to reinforce and resupply units across Europe. In recent weeks, US troops on opposite sides of Europe have used new ways to get equipment and supplies to troops in forward locations, reflecting NATO's increased focus on mobility amid heightened tensions with Russia. USNS Bob Hope off the coast of Durres, Albania, before the theater opening exercise for Defender-Europe 21, April 26, 2021. US military vehicles in port at Durres, Albania, await deployment to troops for Defender-Europe 21, May 1, 2021.
Persons: Bob Hope, Elizabeth O, Bryson, Stephen Lyons, Lyons, Christopher Case, Dustin D, Tod Wolters, Andrew Waters, Wolters Organizations: US Army, Army National, Stryker Brigade, NATO, Army, Staff, US Military Sealift Command, US sealift, Defender, US Transportation Command, Military Sealift Command, Transportation Command, Hudson Institute, US, Spc, US Air Force, NATO's, Allied, US European Command, US Navy, Benavidez, Air, Atlantic Council Locations: Europe, Russia, Esbjerg, Denmark, Poland, Danish, Durres, Albania, Antwerp, Belgium, Crimea, NATO, Western Europe, Germany, Norfolk , Virginia, Ulm, Vella Gulf
REUTERS/Kim Kyung-HoonWorld stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the U.S. Federal Reserve sticking to its dovish course this week. S&P 500 futures meanwhile nudged 0.1% higher, with investors apparently viewing Thursday's above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. Speculators' net long positions in U.S. bond futures hit the highest level since October 2017 , U.S. financial watchdog data showed. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday.
Persons: Kim Kyung, Goldman Sachs, John Woolfitt, Treasuries, Akira Takei, Bitcoin Organizations: Nikkei, REUTERS, U.S . Federal, Atlantic Capital, Asset Management, Japan's Nikkei, European Central Bank, Elon Musk, Thomson Locations: Tokyo, Japan, U.S, COVID, China, London, Asia, Hong Kong, Australia, Pacific, Xinjiang
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffWorld stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the U.S. Federal Reserve sticking to its dovish course this week. S&P 500 futures meanwhile nudged 0.1% higher, with investors apparently viewing Thursday's above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday.
Persons: Goldman Sachs, John Woolfitt, Treasuries, Akira Takei, Paul Donovan, Brexit, Donovan, Bitcoin Organizations: REUTERS, Staff, U.S . Federal, Atlantic Capital, Asset Management, UBS Global Wealth Management, Markets, Japan's Nikkei, European Central Bank, Elon Musk, Thomson Locations: Frankfurt, Germany, U.S, COVID, China, London, Asia, Hong Kong, Australia, Pacific, Japan, Xinjiang
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