Japan is sounding the alarm on Chinese military activities near its disputed territory. On Monday, Japan’s Defense Ministry reported seeing Chinese and Russian warships near the Senkaku Islands, which Beijing lays territorial claim to.
Texas Rep. Ronny Jackson (R) urged President Joe Biden to take immediate action to solve the inflation crisis. During an interview on Monday, the former physician to the last three presidents called on Biden to “stop playing the blame game when it comes to his economic mistakes.”
NATO Secretary General Jens Stoltenberg sounded the alarm regarding China’s military build-up and its growing relationship with Russia. At the NATO summit in Madrid, the Bloc’s leaders labeled Moscow as top concern for the alliance and they also criticized Beijing’s increasing assertiveness on the world stage.
World Bank President David Malpass said the global economy will significantly slow down due to high inflation, which will cause political problems in a number of countries. In an interview Sunday, Malpass said the US and it’s allies need to increase production of goods and services, while keeping their economies open and not restrict international trade.
A new report revealed Joe Biden did, in fact, discuss with his son Hunter his business dealings in China, despite him denying doing so in the past.
President Joe Biden urged G7 leaders to “stay together” against Russia’s war on Ukraine. While kicking off the summit in the Bavarian Alps on Sunday, leaders agreed to strengthen sanctions by banning imports of Russian gold.
Russia’s Vladimir Putin unveiled a new scheme of international settlements, moving further away from the US financial system. In an address to the BRICS Business Forum Wednesday, he proposed a new reserve currency that will be used for payments in international trade.
A pair of senators proposed a reconstruction of the US policy toward Taiwan, seemingly drifting away from America’s one china policy. Senators from both sides of the aisle proposed legislation to clarify and strengthen the nation’s commitment to Taiwan’s Democracy.
President Joe Biden signed legislation to improve the oversight of ocean shipping. The “Ocean Shipping Reform Act” was signed Thursday. It is designed to help curb inflation, ease shipping back-logs and lower costs for American families. The bill prohibits ocean carriers from refusing to carry US exports.