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G20 finance ministers endorsed the landmark worldwide minimum tax rate deal reached by G7 nations last month. Just 25 big cities, many in China, account for more than half of the climate-warming gases. The US warned China that an attack on Philippine forces in the South China Sea would trigger the mutual defense treaty. Analysis: COVID-19 Tolerance Divides International Pandemic Response.

Condition Updates

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state. [Flashpoint Daily Situation Reports]

COVID-19 Tolerance Divides International Pandemic Response

As vaccination numbers increase, a growing divergence is developing between countries based in willingness to tolerate the continued presence of COVID-19. On the cautious end of this COVID-tolerance spectrum, a number of countries remain dedicated to full elimination of COVID-19 and seem set to continue enforcing strict border controls and using lockdown measures to prevent local outbreaks.

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