Description
Added on the 09/05/2013 18:41:38 - Copyright : France 24 EN
On Friday, Goldman Sachs predicted the UK's economy will grow 7% in 2021. The growth will be led by the coronavirus vaccine rollout and a Brexit trade deal. Over half of the country's population is expected to be immunized by March. Business Insider reports there will be a significant rebound in economic activity from the second quarter of next year. New trade restrictions are likely to weigh on potential growth in the coming years. Goldman said the drag will mostly be slow to materialize. UK GDP will end the year 11.7% under its pre-pandemic level, twice as much as Germany, France, and Italy.
Hong Kong (CNN) As United States President-elect Joe Biden faces an ugly, potentially contested transition, foreign policy may be the last thing on his mind. But in capitals around the world, foreign leaders are already clamoring for his attention, hoping to reset relationships and restore norms that shifted under President Donald Trump. Nowhere will there be greater opportunity for a shift than in the US-China relationship, which has deteriorated to historic lows during Trump's term in office. Over the past four years, both sides have slapped the other with trade tariffs, restricted access for tech companies, journalists and diplomats, shuttered consulates, and squared off militarily in the South China Sea.
In the 4th century BC, the ancient Sanskrit treatise, the Arthashastra, said 'the enemy of my enemy is my friend.' According to Business Insider, Iran and Venezuela may be taking that to heart as their relationship grows ever closer. While the nations are US President Donald Trump's most frequent foreign-policy targets, Iran has been sending oil tankers directly to Venezuela. In September, Secretary of State Mike Pompeo said the US would place more sanctions on Venezuelan President Nicolas Maduro. Pompeo accused Maduro's government of working with Tehran 'to flout the UN arms embargo.' US officials say intervening to stop Iranian tankers from reaching Venezuela was an option, raising concerns Trump may seek a confrontation before the election.
Republican presidential nominee Donald Trump suggested that getting along with Russia would be a "good thing," while speaking at a campaign rally at the Cumberland Valley High School in Mechanicsburg, Pennsylvania, on Monday. Trump went on to reiterate his earlier claim that Russian President Vladimir Putin had called him 'a genius.'
EU foreign ministers meet in Luxembourg, with Israel's conflict with Hamas at the top of the agenda. EU foreign police chief Josep Borrell urged faster aid deliveries to the besieged Gaza Strip, saying that the few dozen trucks of humanitarian aid that had been allowed into the enclave from Egypt were not enough. Borrell added that the bloc was debating calling for a humanitarian pause in the conflict. IMAGES
Spanish PM Pedro Sanchez welcomes with EU Council president Charles Michel in Madrid, one day after Spain takes over rotating EU presidency IMAGES