Zürcher Nachrichten - US, Britain forge pact to counter new threats

EUR -
AED 4.358686
AFN 77.145243
ALL 96.636973
AMD 452.900547
ANG 2.124546
AOA 1088.336435
ARS 1725.464149
AUD 1.707235
AWG 2.139287
AZN 2.013799
BAM 1.955354
BBD 2.406161
BDT 145.986713
BGN 1.993151
BHD 0.450405
BIF 3539.352612
BMD 1.186844
BND 1.512981
BOB 8.255118
BRL 6.245411
BSD 1.194492
BTN 109.70591
BWP 15.629658
BYN 3.402638
BYR 23262.149846
BZD 2.402662
CAD 1.618648
CDF 2688.202567
CHF 0.917039
CLF 0.026071
CLP 1029.433075
CNY 8.250645
CNH 8.248248
COP 4355.422163
CRC 591.57508
CUC 1.186844
CUP 31.451376
CVE 110.240328
CZK 24.360569
DJF 212.73239
DKK 7.467503
DOP 75.214117
DZD 154.438388
EGP 55.90725
ERN 17.802666
ETB 185.585211
FJD 2.616576
FKP 0.866911
GBP 0.867168
GEL 3.19856
GGP 0.866911
GHS 13.087071
GIP 0.866911
GMD 86.639448
GNF 10482.786402
GTQ 9.162988
GYD 249.935117
HKD 9.268638
HNL 31.532341
HRK 7.53326
HTG 156.346985
HUF 381.685626
IDR 19929.431485
ILS 3.66783
IMP 0.866911
INR 109.139241
IQD 1565.043144
IRR 49995.819691
ISK 144.996819
JEP 0.866911
JMD 187.210468
JOD 0.841466
JPY 184.045735
KES 154.23072
KGS 103.78971
KHR 4803.985566
KMF 492.540492
KPW 1068.159944
KRW 1728.763412
KWD 0.364266
KYD 0.995565
KZT 600.827939
LAK 25709.354463
LBP 106980.457386
LKR 369.447316
LRD 215.332715
LSL 18.968635
LTL 3.504443
LVL 0.71791
LYD 7.496322
MAD 10.836529
MDL 20.093588
MGA 5338.805156
MKD 61.625948
MMK 2492.763063
MNT 4232.739691
MOP 9.606809
MRU 47.666934
MUR 53.894966
MVR 18.34888
MWK 2071.536383
MXN 20.742444
MYR 4.678488
MZN 75.673253
NAD 18.968315
NGN 1657.879276
NIO 43.960717
NOK 11.448953
NPR 175.530934
NZD 1.971295
OMR 0.457938
PAB 1.194628
PEN 3.994189
PGK 5.113942
PHP 69.865996
PKR 334.192385
PLN 4.215357
PYG 8002.209077
QAR 4.355625
RON 5.095363
RSD 117.373237
RUB 90.539571
RWF 1743.046616
SAR 4.451618
SBD 9.556012
SCR 17.136845
SDG 713.89198
SEK 10.574663
SGD 1.508331
SHP 0.890441
SLE 28.870014
SLL 24887.532355
SOS 682.755826
SRD 45.160023
STD 24565.282435
STN 24.494931
SVC 10.452529
SYP 13125.994308
SZL 18.96052
THB 37.452649
TJS 11.152051
TMT 4.153955
TND 3.432432
TOP 2.857636
TRY 51.635564
TTD 8.111185
TWD 37.507823
TZS 3076.276554
UAH 51.202541
UGX 4271.044125
USD 1.186844
UYU 46.360015
UZS 14604.669895
VES 410.578618
VND 30777.24846
VUV 140.986971
WST 3.217275
XAF 655.824039
XAG 0.014548
XAU 0.000252
XCD 3.207506
XCG 2.153009
XDR 0.815617
XOF 655.810227
XPF 119.331742
YER 282.854672
ZAR 19.202781
ZMK 10683.018904
ZMW 23.444753
ZWL 382.163406
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • BCC

    0.5100

    80.81

    +0.63%

  • CMSC

    0.0500

    23.76

    +0.21%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • BTI

    0.4600

    60.68

    +0.76%

  • RIO

    -4.1000

    91.03

    -4.5%

  • AZN

    0.1800

    92.77

    +0.19%

  • BCE

    0.3700

    25.86

    +1.43%

  • RELX

    -0.3700

    35.8

    -1.03%

  • JRI

    0.1400

    13.08

    +1.07%

  • VOD

    -0.0600

    14.65

    -0.41%

  • NGG

    0.2000

    85.27

    +0.23%

  • BP

    -0.1600

    37.88

    -0.42%

  • GSK

    0.9400

    51.6

    +1.82%

  • RYCEF

    -0.4300

    16

    -2.69%

US, Britain forge pact to counter new threats
US, Britain forge pact to counter new threats / Photo: ANDREW CABALLERO-REYNOLDS - AFP

US, Britain forge pact 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 British Prime Minister Rishi Sunak presented a united front on 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 authoritarian states.

"Countries like China and Russia are willing to manipulate and exploit or steal our intellectual property, use technology for authoritarian ends, or withdraw crucial resources like energy," Sunak told a news conference alongside Biden.

"They will not succeed," the prime minister added.

Under the declaration, the two sides agreed to open talks on US treatment of critical minerals used in electric batteries in Britain.

Biden also agreed to ask Congress to designate Britain as a domestic source for defense procurement, to speed up development of next-generation weapons such as hypersonic missiles.

- 'Never been stronger' -

Despite the lack of a trade deal, Sunak said "the economic relationship has never been stronger," describing the "special relationship" as in fact the "indispensable alliance."

Sunak's first White House summit was equally about reforging personal relationships after Britain went through three prime ministers last year, and after Biden, proud of his Irish roots, made clear his displeasure about Boris Johnson's handling of Northern Ireland.

Biden agreed that for the United States, "there's no country that comes close" in importance as Britain -- words he was unlikely to say in the post-Brexit discord seen under Johnson.

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

Biden backed Sunak's plan to convene "like-minded" countries for the world's first AI summit in Britain later this year -- while the prime minister also wants the UK to host a future AI regulatory body.

"The potential of AI is staggering," the president said, saying it had "the potential to do great damage if it's not controlled."

"We are looking to Great Britain to help lead a way through this. There is no country we have greater faith in to help negotiate our way through this," Biden added.

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.

- NATO leadership -

Biden and Sunak promised to keep spearheading global support for Ukraine, after committing billions of dollars in military aid to help Kyiv fight Russian invaders.

Biden said that they discussed their "unwavering support for the people of Ukraine who are defending themselves against most brutal aggression we have seen in a long time."

"I want to thank the prime minister for his strong, strong leadership," he said, also voicing confidence that the United States, despite hesitation from some of his Republican rivals, will provide "funding necessary to support Ukraine as long as it takes."

Sunak and Biden discussed the leadership of NATO, with British Defense Secretary Ben Wallace among the contenders as the alliance prepares a summit in Vilnius next month.

"They have a candidate who's a very qualified individual," Biden said of Wallace's candidacy, responding "maybe" when asked if it was time for another British secretary-general of NATO.

Current Secretary-General Jens Stoltenberg, who has won high marks from allies for his leadership in the war, is scheduled to leave in October.

He already extended his tenure once, postponing his appointment as central bank chief in his native Norway.

But Biden said that NATO needed a "consensus." The prime ministers of Denmark and Estonia are also seen as contenders.

A.Weber--NZN