Dubai Telegraph - US, Britain forge pact to counter new threats

EUR -
AED 4.256969
AFN 73.026624
ALL 95.949668
AMD 436.29849
ANG 2.074968
AOA 1062.937298
ARS 1612.956254
AUD 1.648622
AWG 2.089361
AZN 1.97515
BAM 1.955793
BBD 2.330592
BDT 141.989509
BGN 1.981339
BHD 0.437098
BIF 3425.188147
BMD 1.159146
BND 1.479895
BOB 7.995972
BRL 6.159011
BSD 1.157196
BTN 108.180626
BWP 15.778945
BYN 3.510788
BYR 22719.261378
BZD 2.327292
CAD 1.591102
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4253.385281
CRC 540.49813
CUC 1.159146
CUP 30.717369
CVE 110.264618
CZK 24.515015
DJF 206.059287
DKK 7.48519
DOP 68.689762
DZD 153.294785
EGP 59.995792
ERN 17.38719
ETB 182.369469
FJD 2.566871
FKP 0.87126
GBP 0.86899
GEL 3.147128
GGP 0.87126
GHS 12.613956
GIP 0.87126
GMD 85.201694
GNF 10142.964899
GTQ 8.863969
GYD 242.099162
HKD 9.082199
HNL 30.628894
HRK 7.547552
HTG 151.809475
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.87126
INR 108.971952
IQD 1515.894754
IRR 1525001.44174
ISK 144.047519
JEP 0.87126
JMD 181.799371
JOD 0.82188
JPY 184.582853
KES 149.909481
KGS 101.364887
KHR 4623.983998
KMF 494.955743
KPW 1043.080849
KRW 1744.874492
KWD 0.35536
KYD 0.964297
KZT 556.328075
LAK 24848.914008
LBP 103633.441366
LKR 360.978751
LRD 211.759267
LSL 19.520632
LTL 3.422657
LVL 0.701156
LYD 7.407974
MAD 10.813063
MDL 20.15193
MGA 4824.983303
MKD 61.639787
MMK 2434.137979
MNT 4156.167228
MOP 9.340468
MRU 46.32084
MUR 53.912319
MVR 17.920835
MWK 2006.593056
MXN 20.746631
MYR 4.565921
MZN 74.073751
NAD 19.520632
NGN 1572.092184
NIO 42.579853
NOK 11.093021
NPR 173.089401
NZD 1.985179
OMR 0.445696
PAB 1.157196
PEN 4.000686
PGK 4.994983
PHP 69.723065
PKR 323.078682
PLN 4.282755
PYG 7557.973845
QAR 4.231485
RON 5.101986
RSD 117.449594
RUB 96.003268
RWF 1683.694173
SAR 4.352195
SBD 9.33305
SCR 15.877645
SDG 696.647132
SEK 10.831104
SGD 1.486609
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 661.297712
SRD 43.45349
STD 23991.981659
STN 24.499915
SVC 10.124965
SYP 128.128397
SZL 19.526932
THB 38.14522
TJS 11.114462
TMT 4.068602
TND 3.417588
TOP 2.790945
TRY 51.295112
TTD 7.850973
TWD 37.135217
TZS 3008.589588
UAH 50.693025
UGX 4373.984863
USD 1.159146
UYU 46.629839
UZS 14107.951178
VES 527.05282
VND 30499.449254
VUV 138.346896
WST 3.161587
XAF 655.95473
XAG 0.017031
XAU 0.000257
XCD 3.13265
XCG 2.085493
XDR 0.815797
XOF 655.95473
XPF 119.331742
YER 276.576393
ZAR 19.85325
ZMK 10433.709028
ZMW 22.593922
ZWL 373.244535
  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    -1.5600

    68.3

    -2.28%

  • BCE

    0.0600

    25.79

    +0.23%

  • NGG

    -3.5400

    81.99

    -4.32%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • RIO

    -2.5000

    83.15

    -3.01%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • RELX

    -0.4600

    33.36

    -1.38%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • JRI

    -0.3900

    11.77

    -3.31%

  • GSK

    -0.5300

    51.84

    -1.02%

  • AZN

    -5.3300

    183.6

    -2.9%

  • VOD

    -0.0900

    14.33

    -0.63%

  • BTI

    -1.3500

    57.37

    -2.35%

  • BP

    -1.0800

    44.78

    -2.41%

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.

Y.I.Hashem--DT