NEWSLETTER
Thursday / September 29Sep 29
Tuesday / November 16
Biden-Xi summit
The week starts with a virtual summit to be held between US President Joe Biden and Chinese President Xi Jinping as the two are expected to talk US-China relations and their futures.
Issues such as customs duties, supply chain breaks, human rights violations, and military confrontation in the Indo-Pacific are coming to the front of the crisis between the world's two great rival economic powers, tensions increase.
"I don't expect tariffs to be something that will be on the agenda tomorrow night," a senior Biden administration official told reporters on Sunday about the highly anticipated virtual meeting. When asked if Biden and Xi would discuss the current global supply chain crisis, the official said he expected it to be "an important point of discussion".
The official noted that Biden and Xi will have "a series of economic issues that they will address during the meeting", adding that the two will touch on various issues, especially Taiwan, and that the meeting will "take a few hours".
NATO-Belarus tensions
Jens Stoltenberg, Secretary General of NATO, the US-led North Atlantic defense pact organization warned Russia on Monday of the large and unusual Russian military concentration on Ukraine's borders, confirming that the Western military alliance stands with Ukraine.
Stoltenberg stressed that it was important to prevent events from getting out of control, and urged Russia to be transparent about military activities, reduce tensions and prevent escalation.
At a press conference with Ukrainian Foreign Minister Dmytro Kuleba in Brussels, Stoltenberg said: “We have to be realistic about the challenges we face. And what we're seeing is significant, a large Russian military buildup."
Decline in Japanese growth
In the July-September period, the Japanese economy contracted by 0.8 percent in real terms compared to the previous quarter, and showed a much worse performance than expected, shrinking by 3.0 percent on an annual basis.
A global chip crisis has taken a heavy toll on auto exports, while the COVID-19 emergency stifled private consumption, according to government data on the world's third-largest economy Monday.
Japan saw its first decline in two quarters in real gross domestic product, or the total inflation-adjusted value of goods and services produced in the country.
The week starts with a virtual summit to be held between US President Joe Biden and Chinese President Xi Jinping as the two are expected to talk US-China relations and their futures.
Issues such as customs duties, supply chain breaks, human rights violations, and military confrontation in the Indo-Pacific are coming to the front of the crisis between the world's two great rival economic powers, tensions increase.
"I don't expect tariffs to be something that will be on the agenda tomorrow night," a senior Biden administration official told reporters on Sunday about the highly anticipated virtual meeting. When asked if Biden and Xi would discuss the current global supply chain crisis, the official said he expected it to be "an important point of discussion".
The official noted that Biden and Xi will have "a series of economic issues that they will address during the meeting", adding that the two will touch on various issues, especially Taiwan, and that the meeting will "take a few hours".
NATO-Belarus tensions
Jens Stoltenberg, Secretary General of NATO, the US-led North Atlantic defense pact organization warned Russia on Monday of the large and unusual Russian military concentration on Ukraine's borders, confirming that the Western military alliance stands with Ukraine.
Stoltenberg stressed that it was important to prevent events from getting out of control, and urged Russia to be transparent about military activities, reduce tensions and prevent escalation.
At a press conference with Ukrainian Foreign Minister Dmytro Kuleba in Brussels, Stoltenberg said: “We have to be realistic about the challenges we face. And what we're seeing is significant, a large Russian military buildup."
Decline in Japanese growth
In the July-September period, the Japanese economy contracted by 0.8 percent in real terms compared to the previous quarter, and showed a much worse performance than expected, shrinking by 3.0 percent on an annual basis.
A global chip crisis has taken a heavy toll on auto exports, while the COVID-19 emergency stifled private consumption, according to government data on the world's third-largest economy Monday.
Japan saw its first decline in two quarters in real gross domestic product, or the total inflation-adjusted value of goods and services produced in the country.
