Mnuchin said that the Trump administration is now focusing on talks to renegotiate the North American Free Trade Agreement (NAFTA) and that it would be "a bit premature" to review details of what needs to be addressed for the U.S. to reconsider joining the CPTPP. "But as we accomplish our goals on these other trading relationships, this (CPTPP) is definitely something that we'll consider, and Chile will be a big partner of ours in that at the right time," he said at a press conference following a two-day meeting of G-20 officials in Argentina. U.S. Treasury Secretary Steven T. Mnuchin in a joint press conference at La Moneda presidential palace in Santiago, Chile. Photo: abcnews.go.com President Donald Trump withdrew the U.S. from the Trans-Pacific Partnership (TPP) Agreement last year, but the remaining 11 members – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam - pressed ahead and signed the renegotiated pact … [Read more...] about U.S. to consider rejoining CPTPP after other priorities
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Finance chiefs from the world’s biggest developed economies meeting in Japan underscored concerns that global growth is flagging and reaffirmed a pledge not to deliberately weaken their currencies, even as Japan again warned on the yen’s surge. At the end of two days of talks, Group of Seven central bank governors and finance ministers highlighted risks from terrorism, refugee flows, political conflicts and the potential for a U.K. exit from the European Union. While officials agreed not to target currencies to stoke growth and warned of the negative consequences from disorderly moves in exchanges rates, host Japan repeated a stance that recent trading in the yen has been one sided and speculative. Comments on the yen’s moves by Finance Minister Taro Aso hint at a growing frustration inside Japan’s government about the impact on exporters after the currency surged 9 percent this year, spurring speculation that the government may intervene. Aso raised the issued … [Read more...] about G-7 warns on weak global growth as Japan bristles over yen
When the world’s top finance ministers and central-bank chiefs meet in Dresden this week, they may struggle to stick to an agenda set by their German hosts that doesn’t mention Greece. The Group of Seven meeting starting on Wednesday will officially focus on big-picture themes of economic growth, tax evasion and strengthening the global financial architecture. Yet the most pressing matter for many of the policy makers attending is whether Greece can stay in the euro, and whether the world can handle the consequences if it can’t. Time is running out for the Mediterranean country to reach agreement with its German-led creditors over economic reforms needed to unlock bailout funds before loans from the International Monetary Fund come due next month. That’s leading non-European observers, like officials from the U.S. Treasury, to warn of unpredictable consequences if Greece and its partners don’t manage to avert a default. “There are no major pressing … [Read more...] about The G-7’s problem: can the world deal with a Greek default?
European leaders called on Russia to stop supplying rebels in eastern Ukraine, stepping up pressure on President Vladimir Putin as he joined the Group of 20 summit in Australia. “We will continue to use all diplomatic tools, including sanctions, at our disposal” to end the crisis, European Council President Herman Van Rompuy told reporters in Brisbane. “Russia must stop the inflow of weapons and troops,” he said, adding European foreign ministers will gather Nov. 17 to discuss further possible steps. The crisis may overshadow the two-day G-20 summit, intended to focus on boosting growth and jobs. As host Prime Minister Tony Abbott, who’s accused Russia of supplying the weapons used to shoot down Malaysian Airline System Bhd. Flight 17, addressed leaders today, Putin was seated at the other end of the room. That’s a far cry from his central position at the Asia-Pacific Economic Cooperation summit in Beijing this week, where he and President Barack … [Read more...] about G-20 leaders chastise Russia as Ukraine overshadows talks
Foresight Filmfestival N° 2 – Call for Entries Deadline: 15 May 2016 Time of festival: starting on Jun 30 2016 The Foresight Filmfestival is the first science-vision festival that invites visionaries from research, film making, media, and society to discuss the questions of “How do we want to live? How will we live?”. It is also the opportunity to take a look into the future from both a technological and societal standpoint and begin developing concrete visions together to shape the future. Supported by the Federal Ministry of Education and Research (BMBF), the festival will take place in Halle (Saale) on June 30th 2016. Until May 15th 2016 researchers, scientists, filmmakers and project developers are called to submit their filmic vision on our current topics to the competition of Foresight Filmfestival N° 2. 2016 Discussion Topics 1. From Do-it-yourself to Do-it-together. Transformation through exchanging, sharing and doing-it-yourself? 2. Digital … [Read more...] about WHAT’S ON MARCH 1-15 (DAILY UPDATE)