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FILE PHOTO: A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike SegarLONDON (Reuters) - Israel’s parliament approving a new government marks the end of a protracted political deadlock and will allow for the passage of a new budget - a positive for the country’s credit rating, ratings agency Moody’s said on Monday. On Sunday, parliament approved by a razor-thin majority of 60-59 a new administration led by Naftali Bennett, bringing Benjamin Netanyahu’s 12 years in office to an end. “Although this is likely to result in a fragile and potentially short-lived government, we expect the lack of ideological cohesion to increase incentives to focus primarily on economic policies rather than more divisive issues,” Moody’s analysts said in a research note. “The passage of a new budget will be key to gaining greater visibility on the medium-term fiscal policy outlook after the weakening we have observed in Israel’s fiscal policy effectiveness in recent years, in part because of the polarised political environment.”Moody’s rates Israel at A1 with a stable outlook.
Persons: Mike Segar, Moody’s, Naftali Bennett, Benjamin Netanyahu’s, Organizations: Trade, REUTERS, Mike Segar LONDON Locations: New York, Israel
WTO head says pandemic-related trade barriers are rising
  + stars: | 2021-06-14 | by ( Emma Farge | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File PhotoThe head of the World Trade Organization said on Monday that trade barriers related to medical supplies used against COVID-19 had risen and urged member states to drop them, as it intensified efforts to reach a deal on vaccine-sharing. "The trend is going in the wrong direction," WTO Director General Ngozi Okonjo-Iweala told a virtual U.N. forum, referring to barriers on goods trade related to the pandemic. "We need to bring those restrictions down so we can move ... medical goods and supplies and vaccines (faster)." One such measure is the European Union's export authorisation scheme for COVID-19 vaccines, which is set to expire on 30 June. Most developing countries support the waiver but several wealthy countries remain strongly opposed, saying it will deter research that allowed COVID-19 vaccines to be produced so quickly.
Persons: Johnson, Dado Ruvic, Ngozi Okonjo, Iweala Organizations: AstraZeneca, Pfizer, Biontech, Sputnik, REUTERS, World Trade Organization, WTO, International Chamber of Commerce, Thomson Locations: European, Okonjo
"G7 leaders have utterly failed to face up to the challenges facing the world," said Nick Dearden, director of campaign group Global Justice Now. This summit proves beyond all doubt that the G7 is not fit for purpose," Dearden said. In a note Monday, Paul Donovan, chief economist at UBS Global Wealth Management, referred to the G-7 as a "selfie summit." "The main focus of the G7 meeting (the photo opportunity) seemed to go well. Extinction Rebellion (XR) activists take part in the "Sound The Alarm" march during the G7 summit in Cornwall on June 11, 2021 in St Ives, Cornwall, England.
Persons: Charles Michel, Joe Biden, Yoshihide Suga, Boris Johnson, Mario Draghi, Leon Neal, Nick Dearden, Dearden, Paul Donovan, Donovan, Jeff J Mitchell Organizations: European, Japanese, Italian, Getty, Hong, Sino, U.S, of British Industry, Global, EU, European Commission, European Council, UBS Global Wealth Management, WHO, World Trade Organization Locations: U.S, British, Carbis, Carbis Bay, Cornwall, China, England, Xinjiang, Hong Kong, Canada, France, Germany, Italy, Japan, Australia, India, South Korea, United States, St Ives, South Africa, Switzerland, Norway, Brazil
WTO head hopes for deal by July on vaccine-sharing
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 min
Vials labelled "AstraZeneca, Pfizer - Biontech, Johnson&Johnson, Sputnik V coronavirus disease (COVID-19) vaccine" are seen in this illustration picture taken May 2, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoThe head of the World Trade Organization said on Monday she hoped that members could reach an agreement by July on improving access to COVID-19 vaccines after months of talks on waiving drug firms' intellectual property rights. "It's going to be tough because there are still differences but we hope we can get to a pragmatic approach," Ngozi Okonjo-Iweala told a virtual U.N. forum. "I'm in a hurry and I want us to get some agreement by July because lives are important." Our Standards: The Thomson Reuters Trust Principles.
Persons: Johnson, Dado Ruvic, Iweala Organizations: AstraZeneca, Pfizer, Biontech, Sputnik, REUTERS, World Trade Organization, Thomson
Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday that he's paying close attention to the Federal Reserve's policy meeting this week in light of recent economic data showing higher consumer prices. "If they say, 'we're on path, things are good,' then I would just go all in on the inflation trades. I'd probably buy commodities, buy crypto, buy gold," added Jones, a prominent Wall Street figure who called the stock market crash in 1987. The Fed's two-day policy meeting is scheduled to conclude Wednesday, and Chairman Jerome Powell is set to hold a news conference after the central bank releases its statement at 2 p.m. In October, Jones told CNBC he was bullish on bitcoin and believed the prospect of higher taxes under a Democratic administration could pressure stocks.
Persons: Paul Tudor Jones, Jones, Jerome Powell, Powell Organizations: CNBC, Tudor Investment Corporation, Democratic Locations: bitcoin
Paul Tudor Jones: 'Go all in on inflation trade' if Fed keeps ignoring higher prices
  + stars: | 2021-06-14 | by ( ) www.cnbc.com sentiment -0.99   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaul Tudor Jones: 'Go all in on inflation trade' if Fed keeps ignoring higher pricesBillionaire hedge fund manager Paul Tudor Jones, a prominent Wall Street figure who called the stock market crash in 1987, told CNBC's "Squawk Box" Monday if the Fed treats higher prices with "nonchalance," it would be a "green light to bet heavily on every inflation trade."
Persons: Paul Tudor Jones, CNBC's Organizations: Billionaire
According to Amazon growth agency Jungle Scout, more than 54% of the $386 billion in net sales that the retail platform generated in 2020 came from third-party Amazon sellers. Between 2019 and 2020, Amazon invested $30 billion in its community of small sellers, spotlighting it in, among other things, a series of commercials outlining the fact that small and medium Amazon businesses sell 6,500 products every minute. Over the past year, an increasing number of third-party sellers have cashed in on their Amazon brands, selling to heavily-funded companies, including category leader Thrasio. Founded in 2018, the holding company reached a $1 billion valuation on the strength of folding up nearly 100 Amazon brands. The companies rolling up Amazon businesses and who's funding themThe landscape for buying businesses like Barzvi's has become crowded with companies trying to profit on the trend.
Persons: They're, Thrasio, Josh Silberstein, rainmaker Michael Klein, Japan —, Procter & Gamble —, Paul Rafelson, PLLC, Rafelson, Lori Barzvi, Barzvi, Guy, Lori, they've, Walter Gonzalez , Jr, GOJA, , Walter Gonzalez, Walter Gonzalez Gonzalez, Gonzalez, JP Morgan, Goldman Sachs, Jason Guerretteraz, — they've, Thrasio's, GOJA's Gonzalez, they'd, Silberstein, Joshua Silberstein, Joshua Silberstein Silberstein, who's, ecommerce, Tim Derdenger, Derdenger, You've Organizations: Commerce, Procter & Gamble, Scout, Amazon, Bloomberg, Churchill Capital Corp, Citigroup Inc, Procter &, World Trade, GOJA, JP, Next Coast Ventures, 3L, JP Morgan Bank, BlackRock, Barclays, UBS, CreditSuisse, RBC, Spark, Tectonic Ventures, Boston, Torch Capital, Forbes, NextCoast Ventures, Walmart, Carnegie Mellon University's Tepper School of Business Locations: Thrasio, Germany, Japan, Manhattan, China
Jim Cramer weighs in on Paul Tudor Jones' inflation trade call
  + stars: | 2021-06-14 | by ( ) www.cnbc.com sentiment -0.85   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer weighs in on Paul Tudor Jones' inflation trade callBillionaire hedge fund manager Paul Tudor Jones told CNBC on Monday he’s paying close attention to this week’s Federal Reserve policy meeting in light of recent economic data showing higher consumer prices. CNBC's Jim Cramer and Scott Wapner discuss.
Persons: Jim Cramer, Paul Tudor Jones, Scott Wapner Organizations: CNBC
In December, the Trump administration slapped CAATSA sanctions on Turkey after the NATO ally purchased a multibillion-dollar Russian missile system. Turkey's President Tayyip Erdogan greets U.S. President Joe Biden during a plenary session at a NATO summit in Brussels, Belgium, June 14, 2021. Adem Altan | AFP | Getty ImagesIn 2017, Erdogan brokered a deal reportedly worth $2.5 billion with Russian President Vladimir Putin for the S-400 missile system. A Russian S-400 surface-to-air missile system. "The United States has been clear on our expectation that the S-400 system should not be operationalized," she added.
Persons: Tayyip Erdogan Francois Lenoir, Joe Biden, Recep Tayyip Erdogan, Biden, Erdogan, Trump, Jake Sullivan, Sullivan, Tayyip Erdogan, Olivier Matthys, Kirkland & Ellis, Sanjay Mullick, Ellis, Abigail Cotterill, Mullick, Cotterill, Vladimir Putin, Adem Altan, Sergei Malgavko, Lockheed Martin, Morgan Ortagus Organizations: Reuters WASHINGTON, NATO, Russian, House, Turkish, Reuters, Kirkland &, Kirkland, firm's International Trade, National Security, Russia, Ellis, International Trade, Security, CNBC, Kremlin, AFP, Getty, Lockheed, Defense, State, Government, State Department, Anadolu Agency Locations: Russian, Turkey, Washington, Ankara, Syria, Libya, China, Russia, Brussels, Belgium, United States, Government of Turkey, Forth Worth , Texas, USA
UPDATE 1-Egyptian bourse chief expects four IPOs in second half of year
  + stars: | 2021-06-13 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(Adds details)CAIRO, June 13 (Reuters) - The head of the Egyptian stock exchange said on Sunday he expects four companies in the IT, agriculture and chemicals industries to conduct initial public offerings (IPOs) in the second half of 2021. Bourse chairman Mohamed Farid did not name any of the companies. Reuters reported on Thursday that Egypt’s financial regulator had given state-owned Banque du Caire and three other listed companies until the end of the year to complete their IPOs. The other three listed companies given notice by the regulator were Sky Light for Touristic Development, New Castle for Investment Sports, and City Trade Securities and Brokerage, Reuters reported on Thursday. In Egypt, companies are allowed to list on the exchange before actually offering shares to be traded.
Persons: Mohamed Farid, ” Farid, Ehab Farouk, Nafisa, David Goodman, Andrew Heavens Organizations: Reuters, Banque du Caire, Sky, New, Investment Sports, City Trade Securities Locations: CAIRO, , Egypt
Four at Toshiba Resign Over Campaign to Thwart Foreign Shareholders
  + stars: | 2021-06-13 | by ( Peter Landers | Megumi Fujikawa | ) www.wsj.com sentiment -0.85   time to read: +1 min
TOKYO— Toshiba Corp. said two executives and two outside directors would resign after they were accused of working with the government against foreign shareholders, the first fallout in a scandal that has highlighted Japan’s business-government ties. Sunday’s announcement came three days after a report by outside lawyers depicted wide-ranging cooperation between Toshiba management, the head of the Toshiba board’s audit committee and officials at the Ministry of Economy, Trade and Industry to block foreign shareholders from gaining board influence. It was the latest blow to the reputation of a company once known world-wide for its laptop computers, television sets and medical equipment. Shareholders based outside Japan now control more than half the company after injecting capital in late 2017 to repair Toshiba’s finances. The outside lawyers’ report, commissioned by shareholders after a push by the foreign activists, suggested that Toshiba executives and government officials shared concern over the activists’ power.
Persons: , Organizations: TOKYO — Toshiba Corp, Toshiba, Ministry, Economy, Trade, Industry, Harvard Locations: Japan, U.S
WASHINGTON—The Biden administration’s long-awaited review of tariff policy can’t come soon enough for an Ohio bedding maker, which says it is being pummeled by U.S. levies on imported Chinese feathers. The family-owned business, Down-lite International Inc., won an exclusion from import tariffs last spring after arguing that there are few other places besides China where it can get the feathers it needs to stuff its quilts, comforters and other bedding. The exclusions that were granted to Down-lite and thousands of other U.S. companies expired by late last year, however, and the U.S. Trade Representative’s Office says it won’t consider granting new exclusions until it completes a top-to-bottom review of tariffs on these and other Chinese imports imposed by the Trump administration. Meanwhile, no tariffs were ever imposed on many of the finished bedding products from China—such as down-filled comforters and quilts, mattress pads, feather beds and sleeping bags—putting Down-lite at a disadvantage to its Chinese competitors in many of the company’s key products. “It’s basically just helping the Chinese right now while hurting U.S. manufacturing,” said Josh Werthaiser, president of Down-lite’s feather and down division.
Persons: WASHINGTON —, Biden, can’t, won’t, Trump, It’s, , Josh Werthaiser Organizations: U.S . Trade Representative’s, Down Locations: Ohio, China
WASHINGTON—The Biden administration’s long-awaited review of tariff policy can’t come soon enough for an Ohio bedding maker, which says it is being pummeled by U.S. levies on imported Chinese feathers. The family-owned business, Down-lite International Inc., won an exclusion from import tariffs last spring after arguing that there are few other places besides China where it can get the feathers it needs to stuff its quilts, comforters and other bedding. The exclusions that were granted to Down-lite and thousands of other U.S. companies expired by late last year, however, and the U.S. Trade Representative’s Office says it won’t consider granting new exclusions until it completes a top-to-bottom review of tariffs on these and other Chinese imports imposed by the Trump administration. Meanwhile, no tariffs were ever imposed on many of the finished bedding products from China—such as down-filled comforters and quilts, mattress pads, feather beds and sleeping bags—putting Down-lite at a disadvantage to its Chinese competitors in many of the company’s key products. “It’s basically just helping the Chinese right now while hurting U.S. manufacturing,” said Josh Werthaiser, president of Down-lite’s feather and down division.
Persons: WASHINGTON —, Biden, can’t, won’t, Trump, It’s, , Josh Werthaiser Organizations: U.S . Trade Representative’s, Down Locations: Ohio, China
It was a bad week for China on the world stage. And at home, our squabbling US Senate somehow managed to pass a $250 billion bill countering China. This week the leaders of the Western world turned their eyes toward China, and as a result it was one of the worst weeks for Beijing on the world stage in some time. Before he left for Europe, Biden met with NATO Secretary-General Jens Stoltenberg at the White House. China responded to the bill saying that it "slanders China" and is "full of Cold War mentality and ideological prejudice."
Persons: Biden, Joe Biden, Donald Trump, They've, America's, , Trump, Boris Johnson, Janet Yellen's, Jens Stoltenberg, Stoltenberg, George Kennan —, Kennan, Mitch McConnell's Organizations: EU, NATO, Republicans, Beijing, Times, Chinese Communist Party, CCP, European Union, Europe, White, Wall Street, National Science Foundation, Olympics, World Bank, International Monetary Fund, World Trade Organizations, United Nations Locations: China, Europe, Beijing, Washington, Xinjiang Uyghur Autonomous Region, United States, Muslims, EU, Ireland, Northern Ireland, American, USSR, Taiwan
New York (CNN) E3 2021 rolled into its second day Sunday when Microsoft (MSFT) and Bethesda made their highly anticipated joint showcase debut, nine months after their $7.5 billion acquisition deal was announced. Bethesda, maker of the critically acclaimed "Elder Scrolls," "Fallout" and "Doom" gaming franchises, was one of the largest privately held video game developers on the planet before it merged with Microsoft's Xbox Gaming Studios earlier this year. The combined entities finally revealed a date for the long-awaited release of Bethesda's " Starfield " space odyssey, which the developer announced almost three years ago. The game is set to debut in April 2022. Next came "Back 4 Blood," a zombie apocalypse-themed, online co-op game, which will hit stores October 12.
Persons: Gamers, Read Organizations: CNN, Microsoft, Bethesda, Xbox Gaming Studios, Xbox Locations: York, Bethesda
Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn't trade at higher levels. His reasoning: Inflation as a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. But it's pretty easily explainable," the Rosenberg Research president told CNBC's "Trading Nation" on Friday. So far, the bond market is shrugging off inflation. In late February on "Trading Nation," Rosenberg called the bond market "radically oversold" and predicted the 10-year yield would retreat to 1%.
Persons: David Rosenberg, CNBC's, Rosenberg, Merrill Lynch's Organizations: Rosenberg Research
Chinese government entities involved in the effort to regulate data, including the State Council and the Cyberspace Administration of China, didn’t respond to requests for comment. That requirement, at least initially, was largely limited to companies deemed “critical infrastructure providers,” a loosely defined category that has included foreign banks and tech firms. It has built a data center in China for customers of its iCloud service, for data including photos, documents, messages, apps and videos uploaded by Apple users throughout the mainland. Chinese companies have pushed back on previous proposals to open up and centralize their statistics, such as those on customers’ borrowing habits and payment histories. Resisting requests to share more data, China’s tech giants cited a lack of relevant regulations.
Persons: Xi Jinping, Xi, Pony Ma, , Ma, Jack Ma’s, Jason Lee, Tesla, Aly Song, Ryan Fedasiuk, Greg Baker, Chuxing, Meituan, Didi, JD.com, Tesla’s, greenlighted, Tesla’s Gigafactory, Qilai Shen, Lester Ross, Li Keqiang, Jack Ma, Philippe Lopez, Ant, hasn’t, Li Lihui, Tencent, Martin Lau, , Shenzhen’s, Wei Organizations: Communist Party, Tencent Holdings, Holding, ByteDance, Co, State Council, Cyberspace Administration, Reuters, Tesla Inc, U.S, Federal Trade Commission, Data Security, National People’s Congress, EU, Georgetown University’s Center for Security, Emerging Technology, , China, Microsoft Corp, Microsoft, LinkedIn, Agence France, JD.com Inc, Apple Inc, Apple, Citigroup Inc, BlackRock Inc, Citigroup, BlackRock, Bloomberg News, Motorola Mobility, Administration, Baidu Inc, CyberSecurity Association of China, Lawyers, Ant, Ant Group, , of China Ltd, Bloomberg, Shenzhen Locations: Beijing, China, Reuters Beijing, Europe, Russia, Shanghai, U.S, WilmerHale, , Shenzhen, , lingling.wei
Advisory firm ISS recommends vote against Toshiba chairman
  + stars: | 2021-06-12 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +1 min
FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei KatoTOKYO (Reuters) - Toshiba Corp shareholders should vote against the re-appointment of board chairman Osamu Nagayama and four other directors, shareholder advisory firm ISS recommended on Saturday. The recommendation by Institutional Shareholder Services Inc (ISS) follows an explosive, shareholder-commissioned investigation that accused Toshiba of colluding with the Japanese government to pressure foreign investors. ISS advised shareholders to oppose the re-appointment of current members of the nomination and audit committees at a June 25 annual shareholders’ meeting. Glass Lewis, another U.S. advisory firm, has also urged shareholders at this year’s AGM to vote against the re-appointment of the same five directors.
Persons: Issei Kato TOKYO, Osamu Nagayama, , Glass Lewis Organizations: Toshiba Corp, REUTERS, Institutional, Services Inc, Toshiba, Ministry, Economy, Trade, Industry, ISS, Reuters Locations: Tokyo, Japan
Toshiba board to hold emergency meeting on Sunday, sources say
  + stars: | 2021-06-12 | by ( Makiko Yamazaki | ) www.reuters.com sentiment -1.00   time to read: +2 min
TOKYO (Reuters) -Toshiba Corp directors will hold an emergency meeting on Sunday to discuss reassigning the candidates for three key board committees ahead of a June 25 shareholder meeting, two people with direct knowledge of the matter told Reuters. FILE PHOTO: The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan June 11, 2021. REUTERS/Issei KatoThe Japanese conglomerate’s board will consider reassigning the candidates for the audit, nominating and compensation committees, after major shareholder advisory firms recommended against some of the candidates, the people said. The emergency meeting comes as Toshiba has been thrown into crisis by revelations this week that management and board members colluded with the Japanese government to pressure foreign investors. Toshiba said in a statement it does not disclose the schedule or topics of board meetings.
Persons: Issei Kato, Toshiba’s, , Osamu Nagayama, Glass Lewis Organizations: Toshiba Corp, REUTERS, Toshiba, Ministry, Economy, Trade, Industry, Services Inc, ISS, Reuters Locations: TOKYO, Tokyo, Japan
"I think we can sort it out but ... it is up to our EU friends and partners to understand that we will do whatever it takes," Johnson told Sky News. NO NARROWING OF POSITIONSThe province has an open border with EU member Ireland so the Northern Ireland protocol was agreed as a way to preserve the bloc's single market after Britain left. "Both sides must implement what we agreed on," von der Leyen, European Commission president, said after meeting Johnson alongside Michel, the European Council president. Germany’s Merkel said the two sides could find pragmatic solutions on technical questions, while the EU protected its single market. The head of the World Trade Organization said she hoped the tensions would not escalate into a trade war.
Persons: Boris Johnson, Johnson, Joe Biden, I've, Emmanuel Macron, Angela Merkel, Ursula von der Leyen, Charles Michel, Peter Nicholls, von der Leyen, Michel, Germany’s Merkel, Brexit, France’s Macron Organizations: European Union, EU, U.S, Sky News, Ireland, Britain, European, REUTERS, European Commission, World Trade Organization, United, Irish Catholic, British, Thomson Locations: Britain, Northern Ireland, British, German, England, United Kingdom, Carbis Bay, Cornwall, United States, Carbis, Ireland
Credit Suisse has hired HSBC's Truls Engebretsen as a senior credit trader. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider. Christopher Dawe , previously co-head of private investments at Goldman Sachs, will lead Private Capital's technology and consumer growth equity business. Meg McClellan will lead private debt.
Persons: Alice Milligan, Morgan Stanley, Andy Saperstein, Milligan, Audrey Choi, Choi, Chad Turner, Mike Curcio, HSBC's Truls, Christopher Bathon, Mike Malloy, Marshall Peters, HSBC's, Cowen, Jenny Killeen, Michael S, Raymond James, Ryan Kaeding, Kaeding, Piper Sandler, Katherine Fogertey, Fogertey, Goldman Sachs, Deborah Bussière, Christopher Dawe, Osei Van Horne, Van Horne, Brian Carlin, Rick Smith, Meg McClellan, Anton Pil, Ben Darsney, Justin Smolkin, Jeff Bunzel, Darsney, Smolkin, Michael Lattarulo, Meredith Mazzilli, Rebecca Ungarino, Carter Johnson, Reed Alexander, Alex Morrell Organizations: intel, Trade, Credit Suisse, HSBC, MSD, Broadridge Financial, JPMorgan, Wells Fargo, JPMorgan Private Capital, Goldman, Wells, Private, Deutsche Bank Locations: Americas
UK PM stands firm on post-Brexit trade, calls for pragmatism
  + stars: | 2021-06-12 | by ( ) www.cnbc.com sentiment -0.99   time to read: +2 min
British Prime Minister Boris Johnson stood firm in his position on post-Brexit trade with Northern Ireland in talks with French, German and European Union leaders on Saturday, urging "pragmatism and compromise" to find a solution. But the spokesman said the so-called Northern Ireland protocol, part of the Brexit deal which covers trade with the British province, had been raised in talks with Macron, German Chancellor Angela Merkel and EU leaders on Saturday. "It's important to stress again, with Macron and Merkel a number of issues were raised ... The PM (prime minister) in all cases (expressed) confidence in the UK's position as regards to the Northern Ireland protocol and the desire for pragmatism and compromise on all sides," the spokesman said. The prime minister and President Macron agreed on the need to deepen the bilateral relationship between the UK and France ... there was no dependence placed on that linked to the protocol."
Persons: Boris Johnson, Ursula von der Leyen, Charles Michel, Emmanuel Macron, Johnson, Macron, Angela Merkel, Merkel Organizations: Britain's, European, Northern Ireland, European Union, EU, PM Locations: Carbis Bay, Cornwall, British, Northern, Britain, France, England, Northern Ireland, German
G7 reaches consensus on China dumping, human rights abuses -U.S. official
  + stars: | 2021-06-12 | by ( ) www.reuters.com sentiment -0.73   time to read: +1 min
British Prime Minister Boris Johnson, U.S. President Joe Biden, France's President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, Australia's Prime Minister Scott Morrison, German Chancellor Angela Merkel, South Africa's President Cyril Ramaphosa and South Korea's President Moon Jae-in attend a working session during G7 summit in Carbis Bay, Cornwall, Britain, June 12, 2021. Leon Neal/Pool via REUTERSG7 leaders have reached consensus on the need for a shared approach to China selling exports at unfairly low prices and to human rights abuses, a senior official in the U.S. President Joe Biden's administration said on Saturday. "I would say there was unanimity in terms of a willingness to call out human rights abuses and violations of fundamental freedoms that invoke our shared values," the official said. "There was commitment to take action in response to what we're seeing." The official said the G7 had moved far from three years ago when the final communique made no mention of China.
Persons: Boris Johnson, Joe Biden, Emmanuel Macron, Justin Trudeau, Scott Morrison, Angela Merkel, Cyril Ramaphosa, Moon Jae, Leon Neal, Joe Biden's Organizations: British, Canadian, Australia's, REUTERS, Seven, World Trade Organization, Thomson Locations: U.S, German, Carbis Bay, Cornwall, Britain, China, United States
G7 reaches consensus on China dumping, human rights abuses: U.S. official
  + stars: | 2021-06-12 | by ( ) www.cnbc.com sentiment -0.87   time to read: +1 min
G7 leaders have reached consensus on the need for a shared approach to China selling exports at unfairly low prices and to human rights abuses, a senior official in the U.S. President Joe Biden's administration said on Saturday. The official, speaking on condition of anonymity, said the leaders of the Group of Seven world's largest advanced economies had also agreed on the need to coordinate on supply chain resilience to ensure democracies are supporting each other. "I would say there was unanimity in terms of a willingness to call out human rights abuses and violations of fundamental freedoms that invoke our shared values," the official said. "There was commitment to take action in response to what we're seeing." The official said the G7 had moved far from three years ago when the final communique made no mention of China.
Persons: Angela Merkel, Ursula von der Leyen, Emmanuel Macron, Yoshihide Suga, Queen Elizabeth II, Justin Trudeau, Boris Johnson, Mario Draghi, Charles Michel, Joe Biden, Joe Biden's Organizations: Canadian, British, European, United, The, Seven, World Trade Organization Locations: Italian, The Eden, St Austell , Cornwall, England, China, U.S, United States
U.S. Trade Representative Tai to hold talks in Britain next week
  + stars: | 2021-06-11 | by ( Andrea Shalal | ) www.reuters.com sentiment -0.98   time to read: +2 min
WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai will travel to Britain on Wednesday and hold talks with British trade minister Elizabeth Truss after participating in a U.S.-European Union summit and holding several bilateral meetings, her office said. On Wednesday, Tai will travel to London and hold bilateral meetings with British trade secretary Elizabeth Truss before returning to the United States, USTR said. The White House has said it will put new trade deals on hold until it has reviewed Trump’s trade policies. Britain and the United States had started talks on a bilateral free trade deal under Trump, but failed to reach an accord before Biden took office. UK ambassador Karen Pierce told Reuters that U.S. officials were supportive of a free trade deal with Britain, but the timing was unclear given other U.S. domestic priorities.
Persons: Katherine Tai, Elizabeth Truss, Pete Marovich, REUTERS Tai, Tai, Valdis Dombrovskis, ” USTR, USTR, Trump, Biden, Karen Pierce Organizations: WASHINGTON, . Trade, Union, Senate, Capitol, REUTERS, AFL, U.S, EU, Transatlantic, Trump, Reuters, European Union Locations: Britain, U.S, Washington , U.S, Brussels, London, United States
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