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The Daily Brief: Joe Biden and Boris Johnson Meet Ahead of G7 Summit

Joe Biden and Boris Johnson Meet Ahead of G7 Summit

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Summary:

  • On his first foreign trip since being sworn in as US President, Joe Biden has arrived in Carbis Bay, England, the site of the G7 Summit.
  • The G7 Summit is an international meeting between the leaders of Britain, France, Germany, the US, Italy, Japan and Canada to coordinate policy and discuss global issues.
  • US President Joe Biden met with UK Prime Minister Boris Johnson on the eve of the summit and they both agreed to a new Atlantic Charter pledging cooperation between the two countries on solving global issues.
  • Biden has stated that the Atlantic Charter will address “key challenges of this century – cyber security, emerging technologies, global health and climate change”.
  • Following the meeting Johnson also stated that there is “complete harmony” between the two leaders regarding Northern Ireland’s peace process and that the US, UK, and EU all want to protect the Good Friday Agreement.
  • The G7 Summit will be the first in-person meeting between the G7 leaders since the start of the coronavirus pandemic and much of the conversation is expected to be geared towards Covid vaccine distribution, climate change, and the ongoing disagreement between the UK and EU regarding post-Brexit border regulations.
  • Sources:

CNN

BBC

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Hundreds Lost in Burkina Faso Massacre Exposing Sahel Crisis

  • Armed groups fatally attacked Solhan, a village of Burkina Faso overnight between June 4-5, killing at least 160 civilians including goldmine workers, residents, and shopkeepers as they traversed the village burning hospitals, shops, and homes. 
  • Analysts highlight the lack of security and increasing turmoil in the Sahel region of Africa, despite the presence of large numbers of international and regional troops – the use of violence and brutality is markedly intended to exacerbate the fragmentation and crisis of the area. 
  • President Roch Marc Christian Kabore condemned the attacks as “barbaric” and “despicable” and – the nation followed three days of mourning following the attack. 
  • Thousands have fled the Solhan village out of fear from the attack largely without belongings or aid. 
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U.S. Inflation Prices Reach All Time High 

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Lawrencekhoo, CC0, via Wikimedia Commons
  • Consumer prices in the U.S. have reached an all time high, increasing the most in 13 years as the country’s economy reels from the year-long pandemic. 
  • Experts attribute the increase in demand coupled with the shortages of labor and materials as the main reason for the American economy near “overheating”. 
  • A report Thursday showed increasing prices for flights, household furnishings and operations, new and rental cars, and clothing. 
  • The inflation rates have been the highest since 2008 with consumer prices rising at annual rate of 5% in May – some investors fearing supply chain bottlenecks could force bankers and the Federal Reserve to slow the stimulus program. 
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Saudi-led Coalition Ending Attacks in Yemen to Begin Peace Process

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  • After more than six years of fighting, the Saudi-led coalition working against the Houthi rebels has said it will cease air strikes and attacks to pave the way for the beginnings of a peace process in Yemen. Repairs have begun on the roads nearing Sanaa airport, a step forward in reestablishing stability.
  • This week, the US placed sanctions on an Iran-based network that has been transferring tens of millions to Houthi rebels. US President Joe Biden has called for an end to the war in Yemen, and announced in February that the US would be stopping arm sales and ending “support for offensive operations in the war in Yemen.”
  • In 2015, the Saudi-led coalition began assisting the Yemeni government against the rebels. Thousands of people have been killed, and millions displaced since the beginning of the war in 2014.
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Aung Suu Kyi Faces Corruption Charges from Myanmar’s Military

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The Chancellery of the Senate of the Republic of Poland , CC BY-SA 3.0 PL , via Wikimedia Commons
  • Aung Suu Kyi, Myanmar’s deposed civilian leader, has been charged with corruption from Myanmar’s military. She could be sentenced to up to fifteen years in jail and unable to run in any subsequent elections if found guilty.
  • Suu Kyi was accused of accepting bribes, inciting public unrest and illegally importing walkie talkies. She has been charged under the Anti-Corruption law section 55, and is currently on house arrest.
  • Myanmar’s military arrested Suu Kyi in February when they took power after claims of voter fraud. Protests have been frequent since the coup, and supporters of Suu Kyi believe that the charges are an attempt by the military to gain more power and are purely political.
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Southern Ocean Recognized as Earth’s Fifth

  • The Southern Ocean, a body of water encircling Antarctica characterized by unique glaciers and mountains, and captivating landscapes will be officially recognized as Earth’s fifth ocean joining the list with the Atlantic, Pacific, Indian, and Arctic. 
  • Geographers and scientists have debated whether the bodies of water around Antarctica were unique enough to deserve their own name, or whether they were simply extensions of other oceans. 
  • The Southern Ocean is defined by its current, known as the Antarctic Circumpolar Current (ACC) established roughly 34 million years ago – the current helps keep the region frigidly cold and ecologically different. 

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Daily Brief

Salman Rushdie Severely Stabbed due to his Publication of the Book “The Satanic Verses”

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Salman Rushdie 2014
  • Salman Rushdie, an author, was severely stabbed in his neck and abdomen on stage by a suspect named Hadi Matar, causing him to be on a ventilator and potentially losing an eye.
  • An Iranian leader back in the 20th century wanted Rushdie killed because of his novel, Satanic Verses, that many Muslims found disrespectful. This led Salman to go into hiding for almost a decade.
  • Translators from different countries reading this book were harshly stabbed to death when the book came out and Iranian leader, Ayatollah Khomeini called for Salman’s execution for three million dollars.
  • The Iranian government has not yet responded to this issue, but many Iranians in the media claim him to be an apostate who later became an atheist.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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China Threatens Consequences if Pelosi Visits Taiwan

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  • US House of Representatives Speaker Nancy Pelosi has landed inTaiwan. Prior to the visit, China’s Foreign Ministry has voiced their disapproval, stating that “China will take resolute responses and strong countermeasures to defend its sovereignty and territorial integrity.”
  • US Secretary of State Antony Blinken emphasized in response  that “The speaker will make her own decisions about whether or not to visit Taiwan,” and that the US is looking to Beijing to “act responsibly and not to engage in any escalation going forward.”
  • The US has made it clear that members of Congress routinely visit Taiwan and that this trip is non-threatening and has precedent. Even so, some officials have expressed concern that China may invade Taiwan’s air defense zone or send missiles near Taiwan in retaliation.
  • Pelosi has criticized China’s leadership and vocalized support for Taiwan in the past. She is currently on her tour of Asia, with scheduled visits to Singapore, Malaysia, South Korea and Japan.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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First Grain Ship Departs Ukraine After Six Months of Russian Blockade

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  • The first shipment of grain departed the port of Odesa on Monday after Russia’s blockade of Ukrainian ports for the last six months trapped around 20 million metric tons of wheat and corn.
  • Russia recently made a deal with Ukraine, brokered by the UN and Turkey, allowing grain exports to resume, appeasing fears of a global food supply crisis and rising prices.
  • Ukrainian Foreign Minister Dmytro Kuleba celebrated the shipment, calling it a “day of relief for the world, especially for our friends in the Middle East, Asia, and Africa.”
  • Ukrainian President Volodymyr Zelensky was more hesitant to celebrate the shipment, stating “it is too early to draw any conclusions and make any forecasts” and he wants to “see how the agreement works and whether security will be really guaranteed.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Concerns Rise As US Teeters on the Brink of Recession

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US Stock Market Investing in the United States
  • The US economy declines for the second quarter in a row, causing, what other countries would consider, an economic recession. 
  • The prices for groceries, gas, and other basics are rising at the fastest pace since 1981. The US Central Bank is quickly trying to raise borrowing costs in order to cool the economy and ease the prices on goods, but with the contraction, at the annual rate of 0.9% in the 3 months to July, many are still getting concerned. 
  • President Biden struggles to convince the public that the economy is sound, with the unemployment rate at a low 3.6%. But with inflation in the US hitting 9.1% in June, the fastest price appreciation in 4 months, consumer spending has slowed at an annual rate of 1%. 
  • Many other countries, such as China and the UK, have been hit harder by the surge in energy prices and the War in Ukraine, causing risks from abroad. Other countries are facing much more serious problems and once they’re hit, their problems can spill over and affect the US. 

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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North Korea Could Possibly Be Preparing another Nuclear Test

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  • North Korea could be preparing a seventh nuclear test, especially after Mr. Kim announced that the country is fully ready for any military confrontation with the US at a Korean War Anniversary event. 
  • A US special representative in North Korea states that Jong-Un has tested an unprecedented number of missiles this year—31 to 25. Jong-Un also stated that threats from the US required North Korea to achieve the urgent historical task of strengthening its self-defense. 
  • Jong-un also stated that South Korea is reviving a plan to counter North Korea’s threat by mounting precautionary strikes; in June alone, South Korea launched 8 missiles of its own.
  • The North Korean regime is especially angry with South Korea’s new president Yoon Suk-yeol and his so-called Kill Chain strategy. This strategy allows South Korea to launch ballistic missiles and air strikes on North Korean targets if it ever feels threatened. 
  • North Korea has also not been getting as much engagement with Washington ever since Biden replaced Trump, and could be hinting at some sort of deliberate escalation by the North, and preparations have been underway at the Punggye Ri test site since March.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

Russia Limits Gas Supply to Germany

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Black Sea port of Theodosiya panoramio
  • Gazprom, a major Russian energy provider, has stated it will reduce the supply of gas to Germany by half via the Nord Stream 1 pipeline due to repair work. 
  • Germany has said that they see no technical reason for the decrease in gas supply. The European Union continues to accuse Russia of weaponizing energy, with Ukrainian President Volodymyr Zelensky stating, “This is an open gas war that Russia is waging against a united Europe.”
  • Ukraine and Russia signed an agreement to allow the export of grain via the Black Sea after Russia continued to block millions of tonnes from being exported. The next day, Russia struck missiles at the port, some of which hit the infrastructure of the port.
  • The US and Ukraine are optimistic that the agreement will still be implemented, with the US State Department stating, “Despite these attacks, we do understand that the parties are continuing preparations to open Ukraine’s Black Sea ports for food and fertilizer exports…we also continue to expect that the Black Sea agreement will be implemented.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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