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G20 leaders endorse tax deal, pledge more vaccines for the poor

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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 says further US attacks on Iran ‘highly unlikely’ as peace talks gain momentum

Although Trump played down the prospect of renewed attacks, he warned that US forces remained prepared to respond if circumstances changed.

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US President Donald Trump has said further American military strikes against Iran are “highly unlikely”, signalling a possible shift towards de-escalation as diplomatic efforts to end the conflict gather momentum.

Speaking to reporters at the White House on Monday, Trump said Iran was effectively defeated militarily and suggested Washington was prepared to maintain the current situation while negotiations continued.

“Iran militarily is effectively over,” Trump said, adding that there was “positive momentum” behind efforts to reach an agreement.

“We’re just keeping it the status quo,” he said, explaining that the decision was largely being taken at the request of neighbouring countries.

Although Trump played down the prospect of renewed attacks, he warned that US forces remained prepared to respond if circumstances changed.

“We’re locked and loaded,” he said, while describing further strikes as “highly unlikely”.

The comments come amid growing pressure on the Trump administration to bring the conflict to an end, following bruising midterm election results for Republicans last week. 

Several senior party figures, including Vice-President JD Vance, have pointed to the war as a factor behind the party’s poor performance.

Trump had previously indicated that US forces carried out what he described as limited strikes on an Iranian island near the strategically important Strait of Hormuz. 

However, in a television interview broadcast on Sunday, he said he currently saw no reason to escalate the military campaign.

He also stopped short of formally declaring the war over, arguing that Washington still had to protect its Gulf allies from possible Iranian attacks.

The US naval blockade of Iranian ports, he suggested, was helping maintain security across the region.

Global oil prices fell further following Trump’s latest remarks, with Brent crude dropping more than 1% to around $91.50 a barrel, while US crude also declined.

Gulf diplomacy intensifies

Trump’s comments followed a meeting with Qatari Prime Minister Sheikh Mohammed bin Abdul Rahman Al Thani at the White House on Monday.

The US president described their discussions as excellent, while the Qatari leader said he had held positive talks with Trump and Vance on reaching an agreement and restoring regional peace.

Diplomatic efforts to end the conflict have largely been conducted through intermediaries since the war erupted following joint US-Israeli strikes against Iran in February.

Saudi Arabia, Qatar and the United Arab Emirates are among Washington’s Gulf partners that have been targeted by Iranian attacks during the conflict, while security concerns have also caused significant disruption to regional air travel.

Political pressure mounts in Washington

Meanwhile, the war is generating further political tensions in Washington.

Republican Congressman Thomas Massie on Monday announced plans to force a House of Representatives vote this week on impeaching Defence Secretary Pete Hegseth over his handling of the conflict.

Hegseth, who has received Trump’s backing, dismissed the threat, describing Massie’s effort as a “sham”.

The impeachment initiative is unlikely to succeed while Republicans retain control of Congress. However, Democrats have indicated they could pursue the matter when the new congressional session begins in January.

For Trump, the challenge is increasingly twofold: finding a diplomatic exit from the conflict while managing mounting political pressure at home and reassuring US allies across the Gulf.

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World

First Muslim US senator-elect El-Sayed calls for review of aid to Pakistan

He also called for restrictions on US arms sales to Israel, alleging that some American-supplied weapons were being used in actions involving what he described as genocide and apartheid.

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Abdul El-Sayed, the first Muslim elected to the US Senate, has called on Washington to reconsider its financial and military assistance to Pakistan and several other countries, arguing that American taxpayer money should not be used to support violations of international law.

El-Sayed, a Democrat who recently defeated Republican candidate Mike Rogers in Michigan, said the United States must ensure that its foreign assistance policies are consistent with international law.

In an interview with ABC, he stressed that the issue should not be limited to Israel, but should also include Pakistan, Egypt and Jordan.

“When we are giving money to a country that is using our money to violate international law, that seems to me a good place to start,” El-Sayed said.

His remarks come after US President Donald Trump announced plans to end approximately $4 billion in annual military assistance to Israel by the end of the year.

El-Sayed welcomed Trump’s proposal to reduce military aid to Israel, saying he agreed with the president’s approach.

He also called for restrictions on US arms sales to Israel, alleging that some American-supplied weapons were being used in actions involving what he described as genocide and apartheid.

The United States currently provides Israel with $3.8 billion in annual military assistance under an agreement that remains in effect until 2028.

However, El-Sayed’s criticism extends beyond Israel. He has also questioned US military assistance to Egypt, Saudi Arabia, Jordan and Pakistan, arguing that American taxpayer money should instead be directed towards domestic priorities.

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World

Houthi-run health ministry says airstrikes kill 33 near Yemen capital

The ministry said the strikes ​hit homes in the town of Bani Hushaysh, a Houthi stronghold ​east of Sanaa, and that most of those killed were women and children.

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At least 33 people were killed and 39 wounded in what the Houthi-run Saba news agency said ​were Saudi airstrikes on a village near Yemen’s capital Sanaa ‌on Saturday, in one of the deadliest reported attacks since fighting between Saudi Arabia and the Iran-aligned group resumed in July.

Reuters could not independently verify the account. ​Saudi Arabia’s Center for International Communication said it was investigating the report.

The ​renewed fighting between Saudi Arabia and the Houthis has shattered ⁠a 2022 UN-brokered truce that largely halted attacks between the Saudi-led ​coalition and the group, which controls Sanaa. The Houthis have since launched ​missile and drone attacks on Saudi airports and oil facilities, while Riyadh has carried out airstrikes in Yemen in support of its Yemeni allies.

The ministry said the strikes ​hit homes in the town of Bani Hushaysh, a Houthi stronghold ​east of Sanaa, and that most of those killed were women and children.

Abdul-Aziz al-Dailami, ‌director ⁠of Sehatuna Hospital in Sanaa, said many victims remained trapped under the rubble, including first responders.

“The strikes keep coming. Just as rescuers arrive, another strike hits. We have even lost some of our own medical responders, ​who have been martyred,” ​he told Reuters.

“We ⁠received a number of wounded individuals in very critical condition, with injuries to the head, chest and legs, ​as well as fractures,” al-Dailami added.

The fighting, a spillover ​from the ⁠wider US-Iran conflict, has revived a complex 12-year war in Yemen that has caused one of the worst humanitarian crises globally and fragmented the Arab world’s most ⁠impoverished ​country.

The number of people displaced since the ​latest round of fighting began has climbed to more than 200,000, the International Organization for Migration said ​in October.

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