Mexican President Andres Manuel Lopez Obrador has proposed a three-person commission for global peace, consisting of Prime Minister Narendra Modi, UN Secretary-General Antonio Guterres, and Pope Francis.
The Mexican President intends to submit a written proposal to the UN to establish the commission, which will be comprised of three world leaders, including Prime Minister Modi, to promote a five-year global truce.
US President Joe Biden is likely to sign the Chips+ bill into law soon, with the aim of improving the ability to compete with the US microchip industry, reducing reliance on Greater China, and alleviating the global shortage of microchips.
The bill is expected to cost around $280 billion, with a key provision of around $52 billion going directly to U.S. technology companies over the next 5 years for facility expansion as well as development and research.
Although the value of Bitcoin is declining, a new approach to cryptocurrency is gaining traction around the world.
Central bank digital currencies (CBDCs), like traditional currencies, are controlled by governments and thus represent the polar opposite of the concept of decentralized, untraceable Bitcoins. Several small countries, including Nigeria, have initiated central bank digital currencies, with several larger countries poised to follow suit.
“We will not walk away, leaving a vacuum for China, Russia, or Iran to fill.”
President Joe Biden has stated that the US “will not walk away” from the Middle East as he attempts to maintain stability in a volatile region of the world and increase global oil flow to overturn rising gas prices.
China has not responded to allegations that Islamabad has objected to Beijing’s request for permission to use a Chinese security company in Pakistan to safeguard Chinese assets after a recent uptick in terrorist attacks against them.
US President Joe Biden has announced a G7 project to rival China’s formidable Belt and Road Initiative, BRI, by raising some $600 billion for global infrastructure programs in poor countries. The plan, which relaunches a first attempt unveiled during last year’s G7, will target countries desperately needing everything from roads to harbors – and until now often relying on the Chinese.