The Latest on the Group of Seven nations meeting being held in England:
BRUSSELS â President Joe Biden has arrived in the capital of Belgium for the upcoming NATO summit, wearing a mask because of the coronavirus as an honor guard and trumpeters greeted him.
The U.S. president wrapped up a three-day meeting for the Group of Seven nations on Sunday and after a tea with Queen Elizabeth II flew to Brussels for the NATO meeting scheduled to begin Monday.
Biden says that a strong NATO partnership is vital for maintaining U.S. national security for the âremainder of the century.â Cyber defense and climate change are among the topics being discussed at the summit.
The Latest on the Group of Seven nations meeting being held in England:
CARBIS BAY, England âThe leaders of the worldâs richest countries have agreed to endorse a global minimum tax on multinational corporations. The decision had been widely anticipated after finance ministers earlier this month embraced placing a global minimum tax of at least 15% on large multinational companies to stop corporations from using tax havens to avoid taxes and thus robbing some countries of much-needed revenue.
The minimum rate was championed by the United States and dovetails with the aim of U.S. President Joe Biden to focus the three-day G-7 summit in England on ways the democracies can support a more fair global economy by working together. The summit ended Sunday with broad agreements for cooperation on fighting the coronavirus pandemic, challenging China’s economic and human rights policies and other issues.