International

Biden, Johnson agree to hold virtual G7 summit on Afghanistan: W.House

AFP

US President Joe Biden and British Prime Minister Boris Johnson discussed Afghanistan on Tuesday and announced a virtual summit of the G7 leaders on the crisis, the White House said.

“They agreed to hold a virtual G7 leaders’ meeting next week to discuss a common strategy and approach,” the White House said in a statement.

This was the first phone call between Biden and a foreign leader since the startling weekend takeover by the Taliban of Kabul, prompting a panicky operation to withdraw final US and allied personnel from the city’s airport.

The sudden Taliban victory has sparked fears of a large-scale humanitarian crisis both in Afghanistan and possibly involving waves of refugees seeking asylum abroad, including in western Europe.

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Biden — widely criticized for the lack of preparation in getting thousands of people airlifted to safety — and Johnson “discussed the need for continued close coordination among allies and democratic partners on Afghanistan policy going forward,” the statement said.

This includes “ways the global community can provide further humanitarian assistance and support for refugees and other vulnerable Afghans.”

In London, a Downing Street spokesman said the two leaders welcomed US-British cooperation in the ongoing evacuation effort.

“They resolved to continue working closely together on this in the days and weeks ahead to allow as many people as possible to leave the country,” a statement said.

“The prime minister and President Biden agreed on the need for the global community to come together to prevent a humanitarian crisis,” the statement said.

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It said that Johnson also “stressed the importance of not losing the gains made in Afghanistan over the last twenty years.”

The G7, which Britain heads this year, comprises Britain, Canada, France, Germany, Italy, Japan and the United States.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.