Briefer News

Group of Twenty agrees joint statement on technology.

Today's events

• Innovation ministerial.

  Twenty economies — China, Russia and the European Union among them — closed a two-day meeting in Chapel Hill with a consensus statement and the “Carolina Principles” on artificial intelligence, intellectual property and supply chains.¹Sep 3 · WH
• Cuba sanctions.

  State designated five entities and one individual under Executive Order 14404: a grandson of Raúl Castro, Fidel Ernesto Castro Calis; the state bank Banco Exterior de Cuba; and four entities working the island's metals, mining and energy sectors.²Sep 3 · State
• September rate decision.

  Fed Governor Christopher Waller said he would back holding rates on Sept. 15–16 if the new signs of disinflation hold, but that a rate increase may be warranted if August data show the improvement was fleeting.³Sep 3 · Fed
• Trade deficit.

  The goods-and-services gap widened to $88.6 billion in July from $71.2 billion in June, driven by a $14.4 billion jump in capital-goods imports — computers, computer accessories and semiconductors.⁴Sep 3 · BEA
• Foundry School.

  Vance and Rubio launched a Stanford-designed manufacturing curriculum, 17 sessions across eight universities, open to Pax Silica partners including South Korea, Japan, Taiwan and India. U.S. plants need 3.8 million skilled workers by 2033.⁵Sep 3 · State
• Venezuela oil deal.

  Washington claimed majority control of more than 65 billion barrels of proven reserves across 17 fields — most of them previously run by Russian or Chinese firms — to be operated by a new private company, North American Blue Energy Partners.⁶Sep 2 · WH
• U.S. v. KKR.

  A proposed final judgment filed in the Southern District of New York would make KKR pay a $250 million civil penalty for failing at least sixteen times to file complete and accurate premerger notices under the Clayton Act.⁷Sep 4 · DOJ
• New Delhi talks.

  India's foreign secretary hosted Australian, Japanese and U.S. officials — Washington sent Ambassador Sergio Gor — to prepare the next Quad foreign ministers' meeting; agenda: maritime security, economic security and emerging technology.⁸Sep 3 · State
• Pacific Islands package.

  Deputy Secretary Christopher Landau announced over $150 million at the Pacific Islands Forum in Palau, including $60 million for fuel storage and grid stability and port work in Tonga, the Marshall Islands and the Cook Islands.⁹Sep 1 · State

Allied Governments

• Leipzig drone attack.

  The Foreign Office summoned Russia's chargé d'affaires over the drone attack on Leipzig airport, calling it the latest in a pattern of Russian attempts to undermine collective security.^aSep 3 · UK FCDO
• Downing Street meeting.

  Prime Minister Andy Burnham and President Macron discussed local assembly lines in Ukraine for the British-technology SCALP long-range missile, de-escalation in the Strait of Hormuz, and small-boat crossings.^bSep 3 · UK No.10
• Nepal flood relief.

  Tokyo dispatched a Japan Disaster Relief expert team at Kathmandu's request to help with identification after the Aug. 26 flash flooding and mudslides on the Nepal–China border.^cSep 3 · Japan MoFA

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