Biden to roll out red carpet to Pacific leaders

2022-10-03 10:54:53 By : Mr. Zway Zhou

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The discussion will revolve around advancing a free and open Indo-Pacific.

This is an important meeting as the Pacific holds many different countries that are all struggling with one or more of these issues.

Climate change is a huge problem in the Pacific as rising sea levels are slowly but steadily swallowing up coastlines.

This makes it difficult for people to fish and live on the coast. Pandemics are also a big concern as diseases can spread quickly through the region.

Economic recovery is important as many people in the Pacific are living in poverty.

Maritime security is also an important issue as there are many illegal fishing boats in the Pacific.

Environmental protection is also a big issue as the Pacific is home to many endangered species.

President Biden’s meeting with leaders of the Pacific on Thursday will be a step in the right direction.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

They’re calling for an end to Russia’s aggression after the so-called referendums of four key territories last week.

Here is what we know at the moment.

Ten children have been killed in a car convoy strike after Russian shelling in the east of the country.

The director-general of Ukraine’s main nuclear power plant has been detained. It’s understood he was taken out of his car and driven to an unknown location.

Russian President Vladimir Putin has submitted the treaties for the four annexed areas.

Meanwhile, the NATO Chief says the liberation in the country’s east is progress that Ukraine is making progress.

Yens Stoltenberg says the number one priority is supporting Ukraine.

Vladimir Putin says the people in these four Ukrainian territories are “our citizens forever”.

He also slammed the west for acts of sabotage, propaganda and says they stand for “satanism”.

His comments came as the price of Credit Suisse’s credit default swaps (CDS) – a key indicator of market confidence in a company’s ability to repay its debt – rose sharply, nearing the levels seen during the global financial crisis in 2009.

“I want to reassure you that Credit Suisse is a safe and stable bank,” Thiam said in a video message to staff.

“We have more than enough liquidity and capital.”

Credit Suisse’s CDS spreads widened by over 30 basis points to around 400 basis points on Friday, according to data from IHS Markit. That was the biggest one-day move since 2011 and took the spreads to their highest level since March 2009.

The moves sparked fevered speculation online that Credit Suisse could be on the verge of collapse, with some social media users comparing the situation to the 2008 Lehman Brothers crisis.

Credit Suisse’s share price has also been under pressure, falling by 60 percent over the past year.

The lender has been hit by a series of scandals and losses, including a costly write-down on the value of U.S. shale assets in 2016 and revelations earlier this year that it had helped wealthy Americans evade taxes.

Thiam said Credit Suisse was working hard to restore confidence and rebuild trust. “We know that we still have a lot of work to do,” he said. “But I am confident that Credit Suisse will emerge from this period stronger and more resilient.”

The newly-minted King won’t be attending the COP-27 climate conference reportedly on the advice of UK Prime Minister Liz Truss.

The monarch is a well-known climate campaigner who had been invited at the 27th UN climate conference.

But The Sunday Times reports Liz Truss made her thoughts known during an official meeting last month.

The Palace has already confirmed King Charles won’t be at the summit but hasn’t given a reason why.

The conference will take place in Egypt in November.

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