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

EUR -
AED 3.826681
AFN 70.961758
ALL 98.138602
AMD 405.652886
ANG 1.877182
AOA 951.190259
ARS 1045.720247
AUD 1.602814
AWG 1.877897
AZN 1.775245
BAM 1.955573
BBD 2.102956
BDT 124.465544
BGN 1.955294
BHD 0.392554
BIF 3076.642669
BMD 1.041829
BND 1.403837
BOB 7.197164
BRL 6.043693
BSD 1.041579
BTN 87.914489
BWP 14.229347
BYN 3.408604
BYR 20419.848375
BZD 2.099456
CAD 1.456529
CDF 2991.091432
CHF 0.930957
CLF 0.036923
CLP 1018.83097
CNY 7.54601
CNH 7.562783
COP 4573.368835
CRC 530.538382
CUC 1.041829
CUP 27.608468
CVE 110.252195
CZK 25.343745
DJF 185.478458
DKK 7.457729
DOP 62.772709
DZD 139.835759
EGP 51.726992
ERN 15.627435
ETB 127.508391
FJD 2.371151
FKP 0.822333
GBP 0.831435
GEL 2.855018
GGP 0.822333
GHS 16.456089
GIP 0.822333
GMD 73.970229
GNF 8977.957272
GTQ 8.040066
GYD 217.904692
HKD 8.110066
HNL 26.320943
HRK 7.431636
HTG 136.72412
HUF 411.522823
IDR 16610.452733
ILS 3.856892
IMP 0.822333
INR 87.968134
IQD 1364.44153
IRR 43834.955489
ISK 145.523076
JEP 0.822333
JMD 165.930728
JOD 0.738765
JPY 161.244275
KES 134.884334
KGS 90.122166
KHR 4193.512952
KMF 492.268155
KPW 937.645704
KRW 1463.259646
KWD 0.320727
KYD 0.867999
KZT 520.059599
LAK 22878.342838
LBP 93271.167197
LKR 303.144792
LRD 187.998165
LSL 18.795317
LTL 3.076251
LVL 0.630192
LYD 5.086409
MAD 10.478083
MDL 18.997794
MGA 4861.435378
MKD 61.522855
MMK 3383.819949
MNT 3540.134882
MOP 8.35093
MRU 41.443187
MUR 48.810083
MVR 16.10707
MWK 1806.090235
MXN 21.283008
MYR 4.654932
MZN 66.583684
NAD 18.795317
NGN 1767.675143
NIO 38.325549
NOK 11.53576
NPR 140.663663
NZD 1.785942
OMR 0.400943
PAB 1.041579
PEN 3.949541
PGK 4.193513
PHP 61.404399
PKR 289.239507
PLN 4.337676
PYG 8131.055634
QAR 3.798559
RON 4.978071
RSD 116.991412
RUB 108.671879
RWF 1421.834864
SAR 3.911473
SBD 8.734231
SCR 14.272055
SDG 626.663972
SEK 11.497837
SGD 1.402931
SHP 0.822333
SLE 23.68116
SLL 21846.638123
SOS 595.230868
SRD 36.978718
STD 21563.75683
SVC 9.113941
SYP 2617.626467
SZL 18.788818
THB 35.922648
TJS 11.092512
TMT 3.646401
TND 3.309016
TOP 2.440072
TRY 35.9978
TTD 7.074178
TWD 33.946439
TZS 2770.578216
UAH 43.089995
UGX 3848.553017
USD 1.041829
UYU 44.294855
UZS 13362.448044
VES 48.506662
VND 26482.251319
VUV 123.688032
WST 2.90836
XAF 655.880824
XAG 0.033274
XAU 0.000384
XCD 2.815595
XDR 0.792308
XOF 655.880824
XPF 119.331742
YER 260.379151
ZAR 18.915093
ZMK 9377.71492
ZMW 28.772658
ZWL 335.468513
  • RELX

    0.9900

    46.75

    +2.12%

  • RBGPF

    59.2400

    59.24

    +100%

  • AZN

    1.3700

    65.63

    +2.09%

  • RIO

    -0.2200

    62.35

    -0.35%

  • BTI

    0.4000

    37.38

    +1.07%

  • CMSC

    0.0320

    24.672

    +0.13%

  • GSK

    0.2600

    33.96

    +0.77%

  • VOD

    0.1323

    8.73

    +1.52%

  • NGG

    1.0296

    63.11

    +1.63%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • BCC

    3.4200

    143.78

    +2.38%

  • BCE

    0.0900

    26.77

    +0.34%

  • SCS

    0.2300

    13.27

    +1.73%

  • BP

    0.2000

    29.72

    +0.67%

  • JRI

    -0.0200

    13.21

    -0.15%

  • CMSD

    0.0150

    24.46

    +0.06%

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