‘We have to participate’: what Europe’s Gen Z want from their post-Covid lives – video

Covid-19 policies risk leaving psychological and socioeconomic scars on millions of young people across Europe, with far-reaching consequences for them and society, a wide-ranging Guardian project has revealed.

Taking a snapshot, the Guardian asked five members of Europe’s Generation Z how the worst global pandemic in a century has affected their lives, what they have learned and how they see their future after the pandemic

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Protesters call on banks to ‘drop African debt’ in wake of Covid

World’s poorest nations saddled with ‘imprisoning’ debt, hampering responses to the pandemic, say activists protesting HSBC meeting

Activists at a demonstration outside the annual general meeting of HSBC in London have demanded the bank and other financial giants provide debt relief to African countries hit hard by the coronavirus pandemic.

In an attempt to highlight the role of private creditors in the debt crises of the world’s poorest countries, campaigners with “drop the debt” banners gathered outside HSBC’s AGM at the Southbank Centre.

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US to sue Canada over dairy practices as hopes for better trade relations fade

US trade representative announced plans to sue as Canadian officials face growing tensions with US

After a tumultuous four years living next door to Donald Trump, many Canadians had hoped that relations with their closest neighbour would mend under Joe Biden. The former president had slapped tariffs on Canadian steel and aluminum, threatened levies on the automotive sector, and called the prime minister, Justin Trudeau, “two-faced”.

But in recent weeks, Canadian officials have faced growing tensions with the US under Biden as leaders on both sides confront domestic political challenges.

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Beijing accuses G7 ministers of interfering in China’s affairs

Foreign ministry responds to west’s human rights claims, saying countries should ‘face up to their own problems’

China has rejected accusations of human rights abuse and economic coercion, made by G7 foreign ministers, accusing them of “blatantly meddling” in China’s internal affairs, calling their remarks groundless.

“Attempts to disregard the basic norms of international relations and to create various excuses to interfere in China’s internal affairs, undermine China’s sovereignty and smear China’s image will never succeed,” said the foreign ministry spokesperson, Wang Wenbin. “They should not criticise and interfere with other countries with a superior mentality, and undermine the current top priority of international anti-epidemic cooperation.”

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Ireland will resist global corporate tax rate, says finance minister

Paschal Donohoe says Dublin will not accept reforms that affect its ability to undercut its rivals

Ireland’s finance minister has signalled the country will resist attempts to rebalance the global tax system if they affect Dublin’s ability to undercut its rivals.

Under new tax proposals led by the US, Ireland could lose 20% of its tax revenues, according to Paschal Donohoe.

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FTSE 100 closes above 7,000 for first time since Covid crash

Shares rise by more than 30 points as China reports record economic growth

The FTSE 100 has closed above 7,000 for the first time since the Covid-19 pandemic triggered a collapse in global markets last year, driven by rising hopes for the world economy after record growth in China.

The index of leading UK company shares ended the day up 36 points on Friday, or 0.5%, at 7,019, the highest level since late February 2020 when the first wave of Covid-19 sent shock waves through financial markets around the world.

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Aid agencies can be harmful, says Somaliland tycoon

Ismail Ahmed, a refugee turned multimillionaire, says his country has had to battle ‘negative PR’

Aid agencies are hindering development and undermining efforts to attract investment in Somaliland, according to a former World Bank and UN official turned entrepreneur.

Ismail Ahmed, founder of the money-transfer company WorldRemit, claims Somaliland, his birthplace, has had to battle “negative PR” from aid agencies exaggerating their role to protect their interests. Somaliland declared itself a sovereign state independent of Somalia in 1991, but it is not recognised internationally.

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G20 takes step towards global minimum corporate tax rate

Meetings of finance ministers follow change in US stance, with consensus growing on tackling tax avoidance

G20 finance ministers are exploring a global minimum tax on corporate profits, amid growing international consensus on tackling avoidance after the pandemic.

The virtual meetings between the group of 20 major industrial nations come after the US made the case for an international base rate this week, in a move by the Biden administration to end US resistance to international tax reforms.

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‘Opportunity is coming’: Joe Biden celebrates latest jobs report – video

Joe Biden has encouraged Americans to ‘buckle down’ as coronavirus cases rise but he was optimistic on the state of the economy and celebrated the latest jobs report.

The US economy added 916,000 jobs last month according to the report which Biden credited to the resiliency of the American people and his administration’s new economic vision

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A year of Covid crisis: a glimmer of economic hope at the end of the tunnel

Twelve months after the pandemic struck the Guardian’s economic tracker reveals real risk of lasting damage

When Boris Johnson announced the first stay-at-home order, effectively shutting down whole sections of the economy, it was hoped the tide could be turned within 12 weeks. As many months later, lockdown measures are being relaxed for a third time and Britain still faces a lengthy road to recovery from the worst recession for 300 years.

As restrictions ease, the chief economist at the Bank of England, Andy Haldane, warned that despite the reopening of the economy, the risk of a “jobs equivalent of long Covid” remains for workers across the country.

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Osinbajo defies expectations as Nigeria’s vice-president

Analysis: Buhari’s deputy wants to create jobs, feed pupils and cut red tape. Is he too high-profile for his critics?

The role of vice-president is one that John Adams, the first person in the US to hold the position, called “the most insignificant office that ever the invention of man contrived”.

Nigeria’s Patience Jonathan captured the situation in her sarcastic response to a journalist who asked about her husband, Goodluck Jonathan, when he was vice-president. She said: “He is in his office reading newspapers.”

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Suez canal: Syria ‘rations’ fuel as efforts to free stuck ship fail

Syria oil ministry restricts supply as canal chief says ‘technical or human errors’ may have been behind stranding of the Ever Given

Syrian authorities say they have begun rationing fuel as the blockage of the Suez canal stretched into a sixth day, delaying vital shipments and worsening the country’s oil shortages.

Syria has been mired in civil war since 2011 and faces a severe economic crisis. It had already announced a more than 50% rise in the price of petrol in mid-March.

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The Guardian view on China, Xinjiang and sanctions: the gloves are off | Editorial

Beijing wants to silence critics of its treatment of Uighurs. But the impact will be broader

China’s response to criticisms of horrifying human rights violations in Xinjiang is clear and calculated. Its aims are threefold. First, the sanctions imposed upon individuals and institutions in the EU and UK are direct retaliation for those imposed upon China over its treatment of Uighurs. That does not mean they are like-for-like: the EU and UK measures targeted officials responsible for human rights abuses, while these target non-state actors – elected politicians, thinktanks, lawyers and academics – simply for criticising those abuses.

Second, they seek more broadly to deter any criticism over Xinjiang, where Beijing denies any rights violations. Third, they appear to be intended to send a message to the EU, UK and others not to fall in line with the harsher US approach towards China generally. Beijing sees human rights concerns as a pretext for defending western hegemony, pointing to historic and current abuses committed by its critics. But mostly it believes it no longer needs to tolerate challenges.

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How the Suez canal blockage can seriously dent world trade

Analysis: 12% of global shipping uses the canal with any delays disrupting supply chains, fuelling shortages and hiking prices

World trade’s pre-eminent shortcut – the Suez Canal – is facing “massive” disruption which could cause cargo delays around the globe, shipping experts warned on Friday.

The narrow, 120-mile passage of water linking the Red Sea and the Mediterranean allows ships of colossal proportions to navigate a relatively direct route from Asia to Europe, rather than taking a 3,500-mile diversion around Africa.

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Mathias Cormann elected OECD chief despite climate record

Former Australian finance minister’s candidacy was dogged by complaints from environmental groups

Australia’s former finance minister Mathias Cormann has won a hard-fought election to become the new chief of the Organisation for Economic Co-operation and Development (OECD), despite grave concerns voiced by environmental groups over his record on climate change.

Cormann narrowly defeated the Swedish former EU trade commissioner Cecilia Malmström in the election to lead the 37-member Paris-based organisation, which gives advice to member governments on economic trends, inequality, fighting corruption and trade and is seen as the world’s leading rulemaker on corporate tax.

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‘Not a suitable candidate’: climate groups urge OECD not to appoint Mathias Cormann as next head

A letter signed by 29 experts and activist groups says Cormann’s climate record should rule him out of secretary-general’s job

International climate change groups and influential advisers on the global shift from fossil fuels have written to the OECD expressing “grave concerns” over Australian politician Mathias Cormann’s bid to be its next secretary-general.

Former Australian finance minister Cormann’s record in a government that “persistently failed to take effective action” to cut emissions while blocking international action meant he was “not a suitable candidate”, the letter says.

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Ports feel the chill as trade re-routes around Brexit Britain

In Holyhead, traffic has fallen 50% as hauliers stymied by Brexit find their way from Ireland to France without entering the UK

Perched on the shores of Anglesey, the island linked by road bridges to the north-west coast of Wales, Holyhead’s geography has given it a leading role in British-Irish trade since the early 19th century.

About 50 miles directly across the Irish Sea from Dublin, a journey of just three-and-a-quarter hours by ferry, Holyhead was until December the second busiest roll-on roll-off port in the UK after Dover. About 450,000 trucks rumbled through each year on their way to Dublin, with cargoes of meat and agricultural produce, secondhand cars and items destined for the shelves of Irish supermarkets.

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Human destruction of nature is ‘senseless and suicidal’, warns UN chief

UN report offers bedrock for hope for broken planet, says António Guterres

Humanity is waging a “senseless and suicidal” war on nature that is causing human suffering and enormous economic losses while accelerating the destruction of life on Earth, the UN secretary-general, António Guterres, has said.

Guterres’s starkest warning to date came at the launch of a UN report setting out the triple emergency the world is in: the climate crisis, the devastation of wildlife and nature, and the pollution that causes many millions of early deaths every year.

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‘Put a big fat price on carbon’: OECD chief bows out with climate rally cry

Exclusive: Ángel Gurría says action on environmental crises must be defining focus of wealthy countries after Covid

The environment, climate change and the protection of nature must be the defining tasks of rich and major developing countries now and in the years to come, the outgoing head of the Organisation for Economic Co-operation and Development has said, and the institutions that advise governments must take responsibility for keeping them focused on those tasks.

Ángel Gurría said the coronavirus crisis must be dealt with as a matter of urgency, but that the biggest task after that would be tackling the world’s environmental emergencies.

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‘I’m focused on results’: Ngozi Okonjo-Iweala on becoming first African female WTO leader – video

Ngozi Okonjo-Iweala said she was focused on delivering results after becoming the first woman and first African to be appointed director general of the World Trade Organization. 'I want to make sure that people remember my continent producing the first leader of the WTO that made a difference,' Okonjo-Iweala said.

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