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Post by Admin on Jun 9, 2021 17:18:07 GMT
President Biden travels to Europe to mend frayed relationships with key allies
Biden is also set to meet with the presidents of Russia and Turkey.
Joe Biden's first foreign trip as President comes at a unique moment.
No US President has ever left the nation's shores with democratic values under attack as broadly and systemically at home as they are abroad. This extraordinary reality will complicate his mission to purge the trauma of the Donald Trump era and convince both foes and friends that the US is reclaiming its global leadership role for good.
Biden meets British Prime Minister Boris Johnson on Thursday before the G7 summit, makes a hop to NATO in Brussels, then has a summit with Russian President Vladimir Putin in Geneva that will evoke the most tense days of the Cold War.
"We're going to make it clear that the United States is back and democracies of the world are standing together to tackle the toughest challenges," Biden told US troops at an air base in eastern England on Wednesday.
For Biden, democracy is not just some abstract concept from civics class that Americans experience only when they enter the voting booth every few years.
It is a system, a way of life and a set of rules and norms that made the United States the strongest and richest country in history. The free, prosperous nations the US rebuilt and protected after World War II faced down communist tyranny in the form of the Soviet Union and underwrote 70 years of peace. This web of open, like-minded countries is also the key to America's global power. If democracy ebbs abroad, so does US influence.
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Post by Admin on Jun 9, 2021 21:24:33 GMT
Watch live coverage of President Biden delivering remarks to US Air Force personnel stationed at the Royal Air Force Base in Mildenhall, England.
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Post by Admin on Jun 9, 2021 22:39:09 GMT
President Biden arrives at G7 with warning on Northern Ireland - BBC News
The President of the United States has arrived in the UK ahead of a meeting with world leaders at the G7 summit this weekend.
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Post by Admin on Jun 10, 2021 0:44:07 GMT
The president will meet with G7 country leaders and Queen Elizabeth, then with NATO and EU members in Geneva, finishing with a high-stakes one-on-one with Vladimir Putin.
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Post by Admin on Jun 10, 2021 6:57:07 GMT
Biden-Putin summit a chance to catch a ‘falling knife,’ RDIF CEO
Will President Biden’s meeting with President Putin in Geneva see a reset of relations? CNBC's Hadley Gamble reports from Russia.
There are signs that Russia’s economy is overheating with annual inflation currently at 5.9%, Anton Siluanov, the country’s finance minister, said Thursday.
“If we continue with increased spending, what will we get? Overheating. Elements of overheating are already visible — high inflation,” Siluanov said at the St. Petersburg International Economic Forum, according to a Reuters translation.
Consumer price inflation accelerated again in May, rising from 5.5% in April. Earlier this week Russia’s Central Bank Governor Elvira Nabiullina told CNBC that “inflation is accelerating” and that, unlike elsewhere, inflation was not seen as a temporary issue as economies reopened and consumer demand increased.
“In our case, it’s different,” Nabiullina told CNBC’s Hadley Gamble earlier this week ahead of SPIEF. “We think that the inflation pressure in Russia is not transitory, not temporary. We see more persistent factors, monetary factors, that’s why we started to get a rate hike back to the neutral stance.”
Nabiullina said the central bank would analyze all the factors, including the inflation forecast and the situation in the economy, but said that “we see the risk that our inflation expectations are elevated, and they remain elevated for several months.”
On Wednesday, Russia’s central bank issued a bulletin in which it noted that the economy was continuing to grow in the second quarter and that gross domestic product could reach its pre-pandemic level in mid-2021.
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