Zürcher Nachrichten - US, UK forge 'Atlantic Declaration' to counter new threats

EUR -
AED 4.276798
AFN 76.973093
ALL 96.541337
AMD 443.660189
ANG 2.0846
AOA 1067.888653
ARS 1669.958677
AUD 1.752514
AWG 2.096182
AZN 1.984351
BAM 1.955625
BBD 2.34549
BDT 142.477215
BGN 1.956439
BHD 0.438161
BIF 3440.791247
BMD 1.164546
BND 1.508565
BOB 8.047278
BRL 6.334667
BSD 1.164496
BTN 104.702605
BWP 15.471612
BYN 3.348
BYR 22825.091832
BZD 2.34209
CAD 1.610159
CDF 2599.265981
CHF 0.936209
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4424.302993
CRC 568.848955
CUC 1.164546
CUP 30.860456
CVE 110.255106
CZK 24.203336
DJF 207.371392
DKK 7.470448
DOP 74.533312
DZD 151.068444
EGP 55.295038
ERN 17.468183
ETB 180.629892
FJD 2.632397
FKP 0.873977
GBP 0.872678
GEL 3.138497
GGP 0.873977
GHS 13.246811
GIP 0.873977
GMD 85.012236
GNF 10119.091982
GTQ 8.9202
GYD 243.638138
HKD 9.065875
HNL 30.671248
HRK 7.535429
HTG 152.446321
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.873977
INR 104.760771
IQD 1525.563106
IRR 49041.926882
ISK 149.038983
JEP 0.873977
JMD 186.393274
JOD 0.825709
JPY 180.924237
KES 150.636483
KGS 101.839952
KHR 4662.581612
KMF 491.43861
KPW 1048.137083
KRW 1716.311573
KWD 0.357481
KYD 0.970513
KZT 588.927154
LAK 25252.733992
LBP 104283.942272
LKR 359.197768
LRD 204.961608
LSL 19.736529
LTL 3.438601
LVL 0.704422
LYD 6.330432
MAD 10.755735
MDL 19.814222
MGA 5194.533878
MKD 61.634469
MMK 2445.172268
MNT 4132.506664
MOP 9.338362
MRU 46.438833
MUR 53.651052
MVR 17.938355
MWK 2019.3188
MXN 21.165153
MYR 4.787492
MZN 74.426542
NAD 19.736529
NGN 1688.68458
NIO 42.856154
NOK 11.767853
NPR 167.523968
NZD 2.015483
OMR 0.44694
PAB 1.164595
PEN 3.914449
PGK 4.941557
PHP 68.66747
PKR 326.476804
PLN 4.229804
PYG 8009.281302
QAR 4.244719
RON 5.092096
RSD 117.389466
RUB 89.441974
RWF 1694.347961
SAR 4.370508
SBD 9.584899
SCR 15.747587
SDG 700.4784
SEK 10.946786
SGD 1.508673
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 664.340387
SRD 44.985272
STD 24103.740676
STN 24.497802
SVC 10.190086
SYP 12876.900539
SZL 19.72123
THB 37.119932
TJS 10.684641
TMT 4.087555
TND 3.416093
TOP 2.803946
TRY 49.523506
TTD 7.894292
TWD 36.437508
TZS 2841.64501
UAH 48.888813
UGX 4119.630333
USD 1.164546
UYU 45.545913
UZS 13931.74986
VES 296.437311
VND 30697.419423
VUV 142.156724
WST 3.247609
XAF 655.898144
XAG 0.019964
XAU 0.000277
XCD 3.147243
XCG 2.098812
XDR 0.815727
XOF 655.898144
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.923584
ZWL 374.983176
  • RBGPF

    0.0000

    78.35

    0%

  • NGG

    -0.5000

    75.41

    -0.66%

  • GSK

    -0.1600

    48.41

    -0.33%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • BTI

    -1.0300

    57.01

    -1.81%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • RELX

    -0.2200

    40.32

    -0.55%

  • RIO

    -0.6700

    73.06

    -0.92%

  • AZN

    0.1500

    90.18

    +0.17%

  • JRI

    0.0400

    13.79

    +0.29%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • SCS

    -0.0900

    16.14

    -0.56%

  • BCC

    -1.2100

    73.05

    -1.66%

  • BP

    -1.4000

    35.83

    -3.91%

  • VOD

    -0.1630

    12.47

    -1.31%

  • BCE

    0.3300

    23.55

    +1.4%

US, UK forge 'Atlantic Declaration' to counter new threats
US, UK forge 'Atlantic Declaration' to counter new threats / Photo: Brendan SMIALOWSKI - AFP

US, UK forge 'Atlantic Declaration' to counter new threats

The United States and Britain on Thursday announced a new strategic pact as their leaders rededicated the "special relationship" to counter Russia, China and economic instability.

Text size:

In a White House summit, US President Joe Biden and Prime Minister Rishi Sunak discussed Russia's invasion of Ukraine and the lightning-fast evolution of artificial intelligence.

But Sunak came away empty-handed on Britain's ambitions for a post-Brexit free-trade agreement with Washington, settling instead to tack along with Biden's plan to craft a new green economy through vast industrial subsidies.

An "Atlantic Declaration" adopted by the leaders aims to boost industry ties on defense and renewable energy, in the face of growing competition from China.

"We face new challenges to international stability -- from authoritarian states such as Russia and the People's Republic of China; disruptive technologies; non-state actors; and transnational challenges like climate change," the declaration read.

As he welcomed Sunak to the Oval Office, Biden was asked by reporters if the "special" transatlantic relationship was in good shape. He gave a thumbs-up and replied: "In real good shape."

Both leaders concurred that the world economy was undergoing the biggest changes since the Industrial Revolution, in part driven by AI, which is bringing doomsday warnings that sentient machines could wipe out humanity unless governments coordinate a response.

Sunak said Biden backed his plan to convene "likeminded" countries for the world's first AI summit in Britain later this year -- and the prime minister also wants the UK to host a future AI regulator.

Yet there are headwinds for Sunak's ambitions, with the United States and European Union already engaged in their own dialogue on an AI code of conduct as industry figures plead for regulation.

"One thing I'm confident won't change is the strength of our partnership, our friendship, and we will put our values front and center, as we've always done, to deliver for the British and American people," he told Biden.

Sunak said the Atlantic Declaration would help the allies face up to the chronic instability in energy markets caused by Russia's actions -- although they are reluctant yet to blame Moscow for this week's calamitous destruction of a dam in Ukraine.

But Sunak's first White House summit was equally about re-forging personal relationships after Britain went through three prime ministers last year, and after Biden made clear his displeasure about its handling of Northern Ireland.

- Ukraine war -

On Ukraine, the US and UK governments are moving closer to offering advanced fighter jets to help Kyiv counter the Russian invasion.

Sunak said the dam breach was an "appalling act and hundreds of thousands of people are being affected by it", promising UK aid relief to the victims.

But while giving up hope for now on a trade deal with the United States, Sunak headed into the summit arguing that the Ukraine war proves the need for transatlantic economic alignment.

"Just as interoperability between our militaries has given us a battlefield advantage over our adversaries, greater economic interoperability will give us a crucial edge in the decades ahead," he said.

Sunak did win a promise from Biden to discuss US relief to UK carmakers, via greater access to critical minerals used in batteries, after the president's Inflation Reduction Act offered new subsidies to companies with US operations.

- NATO leadership -

Sunak has meanwhile been talking up British Defense Secretary Ben Wallace as a candidate to lead NATO before the Western military alliance holds a summit next month in Lithuania, with the prime ministers of Denmark and Estonia also seen as contenders.

NATO Secretary General Jens Stoltenberg's term in the job is due to end in October.

For now, Biden has given no indication of whom he supports -- and his vote will be decisive in an alliance where the United States is by far the biggest player.

A.Senn--NZN