World
G20 leaders endorse tax deal, pledge more vaccines for the poor
Leaders of the world’s 20 biggest economies endorsed on Saturday a global minimum tax aimed at stopping big business from hiding profits in tax havens, and also agreed to get more COVID vaccines to poorer nations, Reuters reported.
Attending their first in-person summit in two years, G20 leaders broadly backed calls to extend debt relief for impoverished countries and pledged to vaccinate 70% of the world’s population against COVID-19 by mid-2022.
However, with a crucial U.N. climate conference due to start in just two days, the G20 appeared to be struggling to throw its weight behind the sort of strong new measures that scientists say are needed to avert calamitous global warming.
According to Reuters Italy, hosting the gathering in Rome, put health and the economy at the top of the agenda for the first day of the meeting, with the more difficult climate discussions set for Sunday.
Underscoring the way the coronavirus crisis has up-ended the world, doctors in white coats and Red Cross workers joined the leaders for their traditional “family” photograph — a tribute to the sacrifices and efforts of medics across the globe.
Addressing the opening of the meeting, being held in a steel and glass convention centre, Italian Prime Minister Mario Draghi said governments had to work together to face up to the formidable challenges facing their peoples.
“From the pandemic, to climate change, to fair and equitable taxation, going it alone is simply not an option,” Draghi said.
The corporate tax deal was hailed as a evidence of renewed multilateral coordination, with major corporations facing a minimum 15% tax wherever they operate from 2023 to prevent them from shielding their profits in off-shore entities, read the report.
“This is more than just a tax deal – it’s diplomacy reshaping our global economy and delivering for our people,” U.S. President Joe Biden wrote on Twitter.
With the world roiled by rising energy prices and stretched supply chains, Biden was expected to urge G20 energy producers with spare capacity to boost production, notably Russia and Saudi Arabia, to ensure a stronger global economic recovery, a senior U.S. administration official said.
DIMMED HOPES
According to the report like many of the other G20 leaders in Italy, Biden will fly straight to Glasgow on Sunday for the United Nations’ climate summit, known as COP26, which is seen as crucial to addressing the threat of rising temperatures.
The G20 bloc, which includes Brazil, China, India, Germany and the United States, accounts for an estimated 80% of global greenhouse gas emissions, but hopes the Rome meeting might pave the way to success in Scotland have dimmed considerably.
Chinese President Xi Jinping and Russia’s Vladimir Putin both decided to follow events only via video link and diplomats looking to seal a meaningful accord said both countries, as well as India, were resisting ambitious new climate goals.
British Prime Minister Boris Johnson acknowledged the G20 and COP26 talks would be difficult, but warned that without courageous action, world civilisation could collapse as swiftly as the ancient Roman empire, ushering in a new Dark Age, Reuters reported.
“It’s going to be very, very tough to get the agreement we need,” he told reporters, standing next to the ruins of the Colosseum amphitheatre – a symbol of once mighty Rome.
CLIMATE EFFORTS
A draft communique seen by Reuters said G20 countries will step up their efforts to limit global warming at 1.5 degrees Celsius – the level scientists have said is necessary to avoid disastrous new climate patterns. read more
The document also acknowledges that current national plans on how to curb harmful emissions will have to be strengthened, but offered little detail on how this should be done.
Additionally, the leaders are set to pledge to halt financing of overseas coal-fired power generation by the end of this year, and to “do our utmost” to stop building new coal power plants before the end of the 2030s, Reuters said.
Apparently relishing in-person diplomacy after months of relative isolation, the leaders held numerous meetings on the sidelines, including discussions between the United States, Britain, Germany and France on Iran’s nuclear programme.
“It is great to see all of you here, after a difficult few years for the global community,” Draghi said, catching the largely upbeat mood amongst those present.
Far from the conference centre, known as ‘The Cloud’, several thousand protesters staged a loud, but peaceful demonstration in the city centre to demand action to stem climate change.
“We are holding this protest for environmental and social issues and against the G20, which continues undaunted on a path that has almost led us to social and ecological failure,” said protester Edoardo Mentrasti.
World
Trump to hit Iran harder if Tehran does not accept defeat, White House says
Talks with Iran were still under way, Leavitt said. “Talks continue. They are productive, as the president said on Monday, and they continue to be,” she added.
President Donald Trump will hit Iran harder if Tehran fails to accept that the country has been “defeated militarily,” White House press secretary Karoline Leavitt said on Wednesday.
“President Trump does not bluff and he is prepared to unleash hell. Iran should not miscalculate again,” Leavitt told reporters in a press briefing.
“If Iran fails to accept the reality of the current moment, if they fail to understand that they have been defeated militarily, and will continue to be, President Trump will ensure they are hit harder than they have ever been hit before,” she said.
As the joint U.S.-Israeli war on Iran entered its fourth week, there have been efforts by multiple countries such as Pakistan, Turkey and Egypt to mediate.
Iran is still reviewing a U.S. proposal to end the war, despite an initial response that was negative, a senior Iranian official told Reuters on Wednesday, indicating that Tehran had so far stopped short of rejecting it outright.
Talks with Iran were still under way, Leavitt said. “Talks continue. They are productive, as the president said on Monday, and they continue to be,” she added.
Citing unnamed sources, media outlets on Tuesday reported that Washington sent Tehran a 15-point plan on ending the war. Leavitt said on Wednesday that elements of the reports were not fully accurate, but she did not provide specifics.
“The White House never confirmed that full plan. There are elements of truth to it, but some of the stories I read were not entirely factual, so I am not going to negotiate on behalf of the president here at the podium,” Leavitt said.
Global equity markets regained some ground while oil prices dipped on Wednesday after the reports about the plan, with investors hoping for an end to a war that has disrupted global energy supplies and raised inflation concerns.
World
Colombia military plane crash kills 66, four still missing
A Colombian military plane crashed in a takeoff disaster on Monday, killing 66 people as rescuers shuttled dozens of survivors to nearby hospitals and searched for four who were still missing, according to a top official.
The Lockheed Martin-built Hercules C-130 transport plane was carrying 128 people, including 11 Air Force members, 115 army personnel and two national police officers, according to Hugo Alejandro Lopez, head of the nation’s armed forces, Reuters reported.
The death toll was nearly double that of the previous figure given by authorities, who continued search and recovery efforts at the site of the deadly crash.
The accident occurred as the plane was taking off from Puerto Leguizamo, on the border with Peru, Defense Minister Pedro Sanchez said on X.
The plane was believed to have suffered an impact near the end of the runway as it was taking off, firefighter Eduardo San Juan Callejas told Caracol, with a wing of the plane later clipping a tree as it was plummeting.
The crash caused the plane to catch fire and detonate some sort of explosive devices on board, he added.
Residents of the remote area were the first to pull out survivors, with videos showing men speeding down a dirt road with wounded soldiers on the back of their motorcycles.
Military vehicles later arrived, though authorities said the crash site was difficult to reach, impeding rescue efforts.
Lopez said that 57 of the survivors had been hospitalized, with 30 of them in non-serious condition at a military clinic.
MODERNIZING THE MILITARY
President Gustavo Petro, in the twilight of his administration, on Monday criticized bureaucratic obstacles for delaying his plans to modernize the military.
“I will grant no further delays; it is the lives of our young people that are at stake,” he said in a post on X. “If civilian or military administrative officials are not up to this challenge, they must be removed.”
Several candidates in Colombia’s upcoming May 31 presidential election offered condolences and called for an investigation.
A spokesperson for Lockheed Martin said the company was committed to helping Colombia as it investigates the incident.
Hercules C-130 planes were first launched in the 1950s and Colombia acquired its first models in the late 1960s. It has more recently modernized some older C-130s with newer models sent from the U.S. under a provision that allows for the transfer of used or surplus military equipment.
Hercules C-130s are frequently used in Colombia to transport troops as part of the military’s operations amid a six-decade-long internal conflict that has claimed more than 450,000 lives.
The tail number of the plane that crashed on Monday matches that of the first of three planes delivered by the U.S. to Colombia in recent years.
At the end of February, another Hercules C-130 belonging to the Bolivian Air Force crashed in the populous city of El Alto, barely missing a residential block.
More than 20 people died in that incident and another 30 were injured, and banknotes from the plane’s cargo scattered around the crash site, prompting clashes between residents and security forces.
World
North Korea’s Kim Jong Un reappointed as president of state affairs, KCNA says
North Korean leader Kim Jong Un was reappointed as president of state affairs, state media KCNA reported on Monday, after the isolated nation convened the first session of its Supreme People’s Assembly a day earlier.
The meeting in Pyongyang will discuss amendments and supplements to the socialist constitution, as well as the election of the chairman of the State Affairs Commission and other state leadership bodies, Reuters reported.
The assembly, North Korea’s rubber-stamp legislature that formally approves state policy, typically meets following a ruling Workers’ Party Congress to turn party decisions into law.
The meeting will also review the country’s economic five-year plan announced at the ninth party congress held in February, KCNA said.
Attention has been focused on whether Pyongyang will revise its constitution to formalise leader Kim Jong Un’s “two hostile states” policy toward South Korea.
In recent years, Kim has abandoned Pyongyang’s long-standing goal of peaceful reunification and redefined the South as a hostile state.
Kim’s powerful sister, Kim Yo Jong, was notably absent from KCNA’s list of members of the State Affairs Commission, the country’s highest leadership body, on which she had served since 2021.
South Korea’s Unification Ministry said it was looking into why she was no longer listed, but analysts said the move did not necessarily signal a loss of influence.
“Her absence suggests not a decline in status but a strategic division of roles,” said Lim Eul-chul, a professor at Kyungnam University, adding that the younger Kim continues to wield real power as a department director in the ruling Workers’ Party, where she may play a higher-level, party-centred role coordinating policy.
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