Climate, taxes and China: Investors are watching the G7
June 11, 2021. Summarized by summa-bot.
Compression ratio: 21.2%. 1 min read.
CARBIS BAY, ENGLAND - JUNE 10: Britain's Prime Minister Boris Johnson speaks with U.S. President Joe Biden during their meeting, ahead of the G7 summit, at Carbis Bay Hotel, on June 10, 2021 near St Ives, England. UK Prime Minister, Boris Johnson, will host leaders from the USA, Japan, Germany, France, Italy and Canada at the G7 Summit that begins on Friday, June 11 2021. (Photo by Toby Melville - WPA Pool/Getty Images)
As leaders of most of the world's largest economies gather in Cornwall, England, expect political fanfare and lots of attention on US President Joe Biden, who is seeking to reassert America's dominance on the global stage.
London (CNN Business)As leaders of most of the world's largest economies gather in Cornwall, England, expect political fanfare and lots of attention on US President Joe Biden, who is seeking to reassert America's dominance on the global stage.
But there are plenty of issues up for discussion among the Group of Seven — which includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States — that could have major ramifications for investors and businesses.
The White House said in a statement Friday that more details would be given in the communique from G7 leaders expected over the weekend.
Online forum posts reviewed by CNN Business and vetted by an independent cybersecurity expert show that on June 6, hackers claimed to have obtained 780 gigabytes of data from EA — including the Frostbite source code, the engine that powers the popular FIFA, Madden and Battlefield series.
Brett Callow, a threat analyst at Emsisoft, said losing control over source code could be problematic for EA's business.
Consumer prices in the United States skyrocketed at their fastest pace in decades last month, sending a warning signal as the economic recovery picks up steam.
Air fares rose 7% month-over-month, while the price of renting a car increased by more than 12%.