Show an ad over header. AMP

I am the FIRST

Biden to urge G7 to take unified approach to countering China

President Biden on Saturday is expected to urge fellow G7 leaders to adopt a unified approach to countering China's rising global influence, AP reports.

Driving the news: The G7 leaders are set to unveil a multi-billion-dollar global infrastructure plan aimed at rivaling Beijing's efforts in the developing world.


  • The infrastructure plan dubbed, "Build Back Better for the World," has been described by U.S. officials as a "higher quality" alternative to China's multi-trillion-dollar Belt and Road infrastructure project, CNBC notes.

Biden is also expected to press G7 leaders to commit to taking "concrete action" against Beijing's forced labor practices targeting Uyghur Muslims and other ethnic minorities in China, per AP.

  • The U.S. president will argue the practices are an "affront to human dignity and an egregious example of China's unfair economic competition."
  • Biden wants criticism of China to be part of the joint communique released at the end of the summit on Sunday, but it's unclear whether the United States' European allies will sign on, AP reports, citing senior administration officials who briefed reporters.
  • At the start of the summit on Friday, the group pledged to deliver more than 1 billion doses of the coronavirus vaccine to lower-income nations beginning this summer.
  • The leaders are expected to sign a global pact aimed at preventing other pandemics. "[T]o truly defeat coronavirus and recover we need to prevent a pandemic like this from ever happening again," British Prime Minister Boris Johnson said in a news release Saturday.

The big picture: This year's summit is the first gathering of G7 leaders from the U.S., Canada, France, Germany, Italy, Japan and the United Kingdom since last April.

Go deeper:

4 ffp

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

Keep reading... Show less

Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

Keep reading... Show less

Scoop: Amazon quietly getting into live audio business

Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.

Why it matters: As with Amazon's efforts in podcasting and music subscriptions, the company sees live audio as a way to bolster the types of content it can offer through its voice assistant, Alexa, and its smart speaker products.

Keep reading... Show less

Hurricane Ida exposes America's precarious energy infrastructure

The powerful hurricane that plunged New Orleans into darkness for what could be weeks is the latest sign that U.S. power systems are not ready for a warmer, more volatile world.

The big picture: “Our current infrastructure is not adequate when it comes to these kinds of weather extremes,” Joshua Rhodes, a University of Texas energy expert, tells Axios.

Keep reading... Show less

"We must go further": 70% of adults in European Union are fully vaccinated

About 70% of adults in the European Union are fully vaccinated against COVID-19, Ursula von der Leyen, the president of the European Commission, said Tuesday.

Why it matters: The milestone makes the E.U. one of the world's leaders in inoculations, after an initially lagging vaccine campaign, the New York Times notes.

Keep reading... Show less

What Elizabeth Holmes jurors will be asked ahead of fraud trial

Jury selection begins today in USA v. Elizabeth Holmes, with the actual jury trial to get underway on Sept. 8.

Why it matters: Theranos was the biggest fraud in Silicon Valley history, putting both hundreds of millions of dollars and thousands of patients' health at risk.

Keep reading... Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories