Monday, March 10

Types of News: Brief

News briefs are shorter stories about current events. It’s the who-what-when-and-where. “Just the facts, ma’am.” Please see our writers guidelines.

US Government Gives Notice: No More Business With State-Owned Entreprises in Belarus
19Apr By Patti MohrNo Comments
Political Systems, Domestic Politics, Sanctions, Types of News: Brief

US Government Gives Notice: No More Business With State-Owned Entreprises in Belarus

April 19, 2021-The U.S. government today announced it is taking action in response to "sharply deteriorating human rights situation in Belarus" since the widely disputed August 2020 election. Since the election, hundreds of thousands of people have protested in the streets to protest the presidential rule of Alexander Lukashenko. The government responded with a violent crackdown. Today the government holds at least 340 people captive as political prisoners, according to the U.S. State Department. The 2020 Elections Russian President Vladimir Putin has recognized Lukashenko as the president of Belarus while the European Union and the United States consider the election to be illegitimate. The EU has said the election was "neither free nor fair" and has issued multiple rounds of san...
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Climate Change Driving a Global ‘Race to the New Technology,’ US Envoy Says
25Mar By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Diplomacy, Types of News: Brief

Climate Change Driving a Global ‘Race to the New Technology,’ US Envoy Says

March 25, 2021--Climate change is driving a massive shift in investment and industry in the United States and around the world, Special Presidential Envoy for Climate John Kerry said today. 'Massive Transformation' "We are on the cusp of a massive transformation and ultimately the market is going to make the moves, not the government," Kerry said, during a virtural conference held by the Washington-based Institute of International Finance. In a conversation with IIE President and CEO Tim Adams, Kerry said climate change is driving widespread changes in industries and opening up markets in the future. "This is not something for people to be scared of. This is the biggest economic opportunity we have seen," Kerry said. White House Priority To emphasize the importance he p...
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Biden Hosts ‘Quad’ Virtual Conference with India, Japan, Australia
12Mar By Patti MohrNo Comments
Diplomacy, Geopolitics, Global Trade, Globalization, Global Disintegration, Types of News: Brief

Biden Hosts ‘Quad’ Virtual Conference with India, Japan, Australia

Quad Meeting Comes a Week After China Strengthens Ties with ASEAN March 12, 2021--In his first multilateral summit since taking office in January, U.S. President Joe Biden hosted a virtual conference today with the leaders of Japan, India and Australia. "The Quad is going to be a vital arena for cooperation in the Indo-Pacific," Biden said. "The United States is committed to working with you our partners and all our allies in the region to achieve stability." The talks, known formally as the “Quadrilateral Security Dialogue” since their start in 2007, are designed to strengthen diplomatic, military and economic ties among the members. While not an alliance, the informal dialogue provides a structure for the leaders to work together. During the opening statements, the leaders e...
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China’s Leaders Want Hong Kong to Only Elect ‘Patriots’
7Mar By Patti MohrNo Comments
Communism, Dictatorship, Democracy, Political Systems, Domestic Politics, Types of News: Brief

China’s Leaders Want Hong Kong to Only Elect ‘Patriots’

China Plans to Change Hong Kong's Election System; West Says Freedoms Are At Risk March 7, 2021-As China's National Legislature opened its annual legislative session on Friday, pro-democracy advocates in Hong Kong and around the world watched with bated breath. This week, delegates at the National People's Congress (NPC) are taking up reforms to Hong Kong's electoral system that would guarantee only "patriots" serve. The proposed changes would effectively bring Hong Kong representatives under the control of China. China Wants Hong Kong 'Patriots' According to a transcribed statement of a speech by Wang Chen, China intends to change the electoral system of the Hong Kong Special Administrative Region (HKSAR). The senior Chinese lawmaker said the goal is to bring the politica...
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World Recovers on Divergent Economic And Income Paths
3Mar By Patti MohrNo Comments
Global Economics, Types of News: Brief

World Recovers on Divergent Economic And Income Paths

Projections for Global Growth and Income March 3, 2021 -- If vaccine distribution throughout the world is effective in fighting off the COVID-19 virus and its related variants, the global economy is likely to rebound with strength. The International Monetary Fund projects global growth to reach 5.5 percent by the year's end. Not surprisingly, however, as businesses resume activity, economies are likely to recover at different rates. In January, the IMF projected that the recovery would "vary significantly" based on countries' access to medical interventions of the virus, policy supports for the economy, exposure to other countries, and their pre-crisis structural issues. Economic Projections According to the fund's data mapper for 2021, regions like the Middle East, Sub-Sahar...
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Biden Orders Review of Supply Chain, Promises to Increase Domestic Production
27Feb By Patti MohrNo Comments
Global Trade, Types of News: Brief, United States

Biden Orders Review of Supply Chain, Promises to Increase Domestic Production

Feb. 27, 2021--Since the beginning of the COVID-19 pandemic, businesses and consumers around the world have faced shortages of food, medical supplies and prescriptions, industrial parts, and consumer staples. Supply chain interruptions, manufacturing delays and export restrictions have all impacted the way the world trades its goods. Policymakers are taking note, and the United States is no exception. Executive Order on Supply Chains This week, President Joe Biden ordered an administration-wide review of supplies for multiple industries, including semiconductors, high-capacity batteries, critical minerals and materials, such as rare earth elements, and pharmaceuticals. "We shouldn’t have to rely on a foreign country — especially one that doesn’t share our interests or our v...
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U.S. Raises ‘Deep Concerns’ About Conclusions of WHO Investigation
16Feb By Patti MohrNo Comments
Communism, Dictatorship, Diplomacy, Organizations, IMF, WTO, G7, Types of News: Brief

U.S. Raises ‘Deep Concerns’ About Conclusions of WHO Investigation

Feb. 16, 2021-As the United States reengages with the World Health Organization under the new administration, its top national security officers are raising "deep concerns" about the credibility of the organization. The criticism comes as the WHO completed a controversial mission to Wuhan, China to investigate the origins of the COVID-19 virus. The WHO team, which included 17 participants representing China, ignored key information that scientists from the lab in Wuhan collected bats and virus samples from caves in China and brought them back to the lab. In the end, the WHO ceded the mission of scientific discovery to that of collaborating with China. U.S. Membership On his first day of office January 20, 2021, President Joe Biden informed UN Secretary General António Guterres...
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Central America Leaders Advance Regional Development Plans As Area Slides Into Poverty
12Dec By Patti MohrNo Comments
Diplomacy, Geopolitics, Global Economics, Organizations, IMF, WTO, G7, Types of News: Brief

Central America Leaders Advance Regional Development Plans As Area Slides Into Poverty

Dec. 12, 2020-The global pandemic and a double-dose of hurricane damage is sending Central American populations and governments into a crisis. Poverty rates are increasing. And governments are facing protests at home. This week leaders from Central American countries met to discuss the structural roots of migration and an ambitious development plan for the region. Poverty Rising, Economies Shrinking About 12 million people in Central America fell into poverty this year, according to Alicia Bárcena, executive secretary for the Economic Commission for Latin America and the Caribbean (ECLAC). "The fiscal standing of these countries has been affected by expenditures made to confront the pandemic," Bárcena said, according to the press release. "In addition, the ETA and IOTA hurricanes ...
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Europe Agrees on 2030 Emissions Targets, Changes to Energy and Transport Sectors
11Dec By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Energy Policy, Oil & Gas, Europe, EU, Eurozone, Types of News: Brief

Europe Agrees on 2030 Emissions Targets, Changes to Energy and Transport Sectors

Dec. 11, 2020--A year after introducing the Green New Deal, the European Council agreed today to targets for reducing greenhouse gas emissions within the next decade. The plan envisions cutting emissions by 55 percent of 1990 levels by 2030. The deal requires significant changes to the energy and transportation sectors. It also calls for investment in energy-efficient buildings and infrastructure for electric cars. European Commission President Ursula von der Leyen said the agreement "future-proofs" the European Union. "Today's agreement puts us on a clear path towards climate neutrality in 2050. It gives certainty to investors, to businesses, to public authorities and to citizens," von der Leyen said in remarks given after the European Council meeting today. Leaders emerge fr...
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U.S. Cites Currency Manipulation As Source of Trade Subsidy in Twist-Tie Case
25Nov By Patti MohrNo Comments
Currency, Debt, National Budgets & Interest Rates, Global Trade, Types of News: Brief

U.S. Cites Currency Manipulation As Source of Trade Subsidy in Twist-Tie Case

November 25, 2020--For the first time in an investigation of a trade subsidy, the U.S. Commerce Department identified China's undervalued currency as a state subsidy warranting a financial penalty at the U.S. border. On Tuesday, the department announced it is asking the U.S. Customs and Border Control to begin collecting cash deposits at a rate of 122.5 percent from importers of Chinese twist ties. The rate reflects the total amount of subsidies U.S. officials estimate Chinese twist tie exporters receive from their government. Next Steps Commerce Secretary Wilbur Ross. said the department would "continue to use the legal tools at our disposal to aggressively counter currency undervaluation and other unfair subsidies, further ensuring a level playing field for American businesses a...
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