G7: UK spends £8m to lengthen Newquay runway for Biden’s Air Force One June 11, 2021 The UK has reportedly spent over £7.8m to extend the runway at Newquay airport to allow US aircraft to land for the G7 summit. The runway had to be extended to allow US President Joe Biden to land on Air Force One amid concerns about the existing infrastructure being able to handle the large aircraft, it has [...]
As it happens: G7 leaders arrive in Cornwall ahead of summit June 11, 2021 World leaders from G7 countries are arriving in Britain ahead of the crucial summit to be held from today. The meeting between the world’s seven largest so-called advanced economies will run until Sunday, covering a range of issues including Covid recovery, climate change and trade. Several G7 leaders have already taken to Twitter upon arrival [...]
Pound wobbles as trade row engulfs start of G7 summit in Cornwall June 10, 2021 After a show of strength over recent months, the pound wobbles on the eve of the G7 summit, and although it’s likely to avoid a precipice, issues being debated at the top of the Cornish cliffs this weekend, risk another decline, according to Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown in London. [...]
US govt downplays Brexit criticism: ‘Biden not here to lecture Boris’ June 10, 2021 US President Joe Biden has not come to Britain to lecture Boris Johnson about Northern Ireland, a senior US administration official said today. “He didn’t come here to give a lecture,” the official said. “He came here to communicate what he believes very, very deeply about peace in Northern Ireland.” It comes after Labour leader [...]
UK and US joining forces on climate action at G7 may boost trade deal chances June 9, 2021 UK and US joining forces on climate action at G7 may boost trade deal chances
Sunak ‘confident’ of tech tax progress ahead of G7 finance meeting June 4, 2021 Chancellor Rishi Sunak has said he is “confident” of making “concrete progress” towards a global deal for taxing digital giants when the G7 finance ministers meet over the weekend. Taxing firms such as Amazon and Facebook has become an area of disagreement between the US and a number of other countries. Earlier this week the [...]
US slaps tariffs on UK goods in push for global tax deal June 3, 2021 The US has slapped new trade tariffs on six nations including the UK as President Joe Biden seeks to corral fellow economies into backing his proposals for a global tax deal. After announcing tariffs worth 25 per cent against $2bn worth of goods from the UK, Italy, Spain, Turkey, India and Austria, the White House [...]
US informs Russia it will not rejoin Open Skies arms control pact May 27, 2021 The Biden administration has informed Russia that it will not rejoin a key arms control pact, even as the two sides prepare for a summit next month between their leaders. US officials said Deputy Secretary of State Wendy Sherman told the Russians that the administration had decided not to re-enter the Open Skies Treaty, which [...]
US businesses team up to oppose Biden’s tax rise proposals May 25, 2021 Business groups in the US have formed a coalition to oppose tax increase proposals by the Biden administration. The US government has proposed a global minimum corporation tax rate, as well as increasing tax payments in the US in order to pay for infrastructure projects. The tax proposals “could not come at a worse time”, [...]
Biden charges up $174bn electric vehicle plan in Michigan speech May 18, 2021 US President Joe Biden today called for government grants for new battery production facilities as he made the case for his $174bn (£123bn) electric vehicle plan today. During a speech at a Ford electric vehicle plant in Michigan, Biden vowed to “set a new pace” for the technology and reverse what he described as the [...]