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US President Joe Biden challenges G7 leaders to use their financial strength Confronting China’s rising global influence, Just as he declared that Western democracies “are competing with dictators.”

The G7 summit is the gathering of the world’s largest developed economies, and EU leaders are more cautious when confronting Beijing. British Prime Minister Boris Johnson, the host of the summit, refused to specifically mention China in the closing press conference.

In addition, the leaders are so-called Carbis Bay Declaration, It established a series of global health commitments to try to prevent another global pandemic, such as to reduce the time required to develop vaccines and treatments to only 100 days.

The warmth among officials is reflected in Amiable public Biden and French Emmanuel Macron (Emmanuel Macron), walking on the beach, arm each other. However, Brexit continues to hinder Johnson’s attempts to build a confident “convened” national image.

The British Prime Minister accused Macron of talking Northern Ireland “It seems that it is a different country to some extent.”

Whether the delivery of the G7 countries matches its rhetoric on vaccines, climate, and efforts to build global infrastructure to compete with China’s “One Belt One Road” initiative is a big question. Gideon Rahman wrote.

Read more about G7 Fortis And listen to Sebastian Payne discuss Brexit Overshadowed Johnson worked hard to advance his global British agenda.

Five stories in the news

1. Netanyahu steps down Passed by the Knesset Vote in the new governmentAfter four elections and two years of political paralysis, the right-wing stalwart and five-term prime minister Benjamin Netanyahu’s 12-year control of power ended. Naftali Bennett is an ultra-nationalist. His Yamina party controls only 6 seats in the 120-member Knesset, and he will assume leadership positions.Netanyahu’s demise has been slow and difficult–but Is it over? Israel’s longest-serving leader?

2. BNP Paribas is under fire for losses in foreign exchange transactions The French bank is facing charges against its traders Wrongly sold billions of euros As the controversy engulfing Goldman Sachs and Deutsche Bank continues to expand, it sells loss-making foreign exchange products to Europe’s largest wine exporter.

3. Four Toshiba executives Ousted The emergency four-hour board meeting held yesterday resulted in drop out, Including two board members. After the release of a curse report on the company’s collusion with the government to suppress activist investors last week, this meeting pushed Toshiba into a deeper governance crisis.

4. British hacker warning Lindy Cameron, CEO of the National Cyber ??Security Center, a branch of GCHQ, will Warning today The hackers behind ransomware attacks pose a greater risk to national security than online espionage by hostile countries. Ransomware attacks are not so much a technical problem as a human problem-humans can solve it. Alex Young wrote, The former head of MI6.

• Clean energy company Invenergy said on Friday that it has Hacked But it “has no intention of paying any ransom” to blackmail its billionaire CEO.

• Joe Biden said at the G7 summit that he was Cybercriminal communication With Russian President Vladimir Putin.

5. The United States prosecutes Low and former refugees for 1MDB lobbying charges The U.S. accused the Malaysian financier and former member of the Fugees hip-hop band for owning a backstage channel Lobbying to abandon investigation It is related to the corruption scandal of the 1MDB National Investment Fund and the extradition of a Chinese dissident in the United States.

Coronavirus Digest

• Boris Johnson Will approve one today Delayed to the last easing England’s June 21 blockade restrictions-but he will consider allowing Bigger wedding carry on.

• Kate Bingham, who leads the UK Vaccine Working Group, and Sarah Gilbert, a professor of vaccinology at Oxford University, both won honor As”Covid-19 hero“.

• British Bank Boss Awaiting guidance from the government Relax the blockade Because they plan when employees can return to the office.Manufacturing is expected to grow Twice as fast As previously predicted, 2021.

• With the approval of mRNA-based vaccines, American Biotech Viral Improved prospects for therapeutic breakthroughs Alzheimer’s disease and Parkinson’s disease.

The British “Financial Times” believes that economic data on the strength of the recovery reflects “Base effect“This will distort wage growth and inflation data. Follow our live coronavirus blog Here with Sign up For us Coronavirus business update communication.

the day before

NATO Summit China’s growing military and economic presence in the Atlantic Ocean is expected to Rare warning from NATO leaders, The diplomats said, just as the Transatlantic Alliance is meeting today.

Americans face Carlos Ghosn’s prison escape trial Michael Taylor and his son Peter continue Trial In Tokyo, they were accused of helping the former chairman of Nissan skip bail and fled to Lebanon in 2019. (Associated Press)

Aung San Suu Kyi faces charges from the military government The 75-year-old Myanmar leader deposed Trial will be open In Naypyidaw, she has faced a series of charges since the army overthrew her government.

British lobbying review Public Living Standards Committee will release Find The emergency review was triggered by the Greensail scandal, in which former Prime Minister David Cameron lobbied cabinet ministers and senior officials on behalf of the failed supply chain finance company, where he served as a consultant.

What are we still reading

Hertz’s rebirth Sujeet Indap of the British “Financial Times” detailed how optimism about travel after the pandemic inspired the inside story of the bidding war against this bankrupt car rental company. Hertz’s excellent turnaround imitation Large parts of the global economy are experiencing a dramatic rebound.

Spain wants to identify the victims of the civil war As countries around the world face historical settlement, Spain is stepping up its efforts Excavation of tens of thousands of dead bodies The army of the dictator Francisco Franco was dumped in pits across the country during the civil war in the 1930s. But critics claim that the left-wing government is creating further discord in a polarized society.

Market veterans mourn the death of the trading pit Covid-19 has destroyed some of the last bastions of “open outcry” transactions. Last week, when the London Metal Exchange withdrew its plan to permanently close “The Ring”, traders who preferred to negotiate transactions face-to-face won a rare victory.But the Chicago Mercantile Exchange Group announced last month that it would permanently close the trading floor Marks the end of an era.

Reform of the UK pension system is imminent Financial security for the elderly is very important. But this is complicated: good policies require strict long-term thinking. Unfortunately, this has been lacking in the UK. It has jumped from one “corner solution”-fixed income plan-to another-fixed contribution plan. Martin Wolf writes.

Lunch with the Financial Times: football player Zvonimir Boban The former Croatian midfielder sat down Virtual lunch with Simon Kuper And weighed the kick that heralded the disintegration of Yugoslavia, the Premier League and why England should not play three points in the backcourt.

• In other football news: United Kingdom won Its first game of the European Cup.The match between Denmark and Finland was suspended because of medical staff trying to revive the fallen Danish football player Christian Eriksson.

• On Friday, Boris Johnson suddenly turned around because of his position on the football player’s “knee”, he said Fans should not question players.

Work and career

We should stop meaningless after-hours emails, Pilita Clark wroteIn the burnout epidemic, the right to shut down is more needed than ever.