Cold shoulder | U.S. Treasury Secretary Janet Yellen has no plans to resurrect the regular U.S.-China economic dialogue held during the Bush and Obama administrations, extending the suspension put in place under Donald Trump, sources say. As Saleha Mohsin and Christopher Condon report, the decision points to President Joe Biden's toughening stance toward Beijing. High hurdles | Biden's agenda is gaining momentum with Senate Democrats pursuing plans to spend $4 trillion in domestic programs. But as Erik Wasson and Steven T. Dennis explain, that enactment hinges on negotiating details on Medicare, taxes, immigration and infrastructure that have confounded Congress for a generation. - As the U.S. mulls a digital trade agreement to counter China, it faces a key problem: Many countries in Asia don't want to join any deal seen as challenging Beijing, whose tech giants are deeply entrenched in the region.
More jam | Prime Minister Boris Johnson sets out his vision today to "level up" Britain, as he seeks to return focus on his domestic agenda even as a fresh wave of the pandemic grows, Joe Mayes reports. He'll say in a speech that his election pledge amounts to raising living standards, spreading opportunity and improving public services. "Leveling up is not a jam-spreading operation," Johnson said prior to his address. Unfinished business | Angela Merkel will be lauded today during her swansong trip to Washington as German chancellor. At home, however, she leaves a legacy of challenges for her successor. As Chris Reiter and Sam Dodge show in this graphic, broadband speeds are woeful, power grids are inadequate, auto industry jobs are forecast to tumble, and despite her reputation for solidity, the German political landscape looks increasingly fragmented. EU states hailed the bloc's momentous climate plan, but almost every detail will be fought over. Its proposal for a carbon border adjustment mechanism to stop domestic producers of steel, cement, aluminum and fertilizer being undercut by foreign companies threatens a number of diplomatic spats. Best of Bloomberg OpinionTroop presence | South Africa will boost deployment of soldiers fivefold to 25,000 to help quell riots following days of looting and destruction of businesses, Loni Prinsloo and Monique Vanek report. The government said the military presence may be helping to ease violence that erupted after former President Jacob Zuma was jailed for defying a court order to testify before a graft inquiry. What to WatchAnd finally ... As art lovers return to Italy's museums and galleries that are trying to recoup some of the $225 million in revenue they lost last year, a new data project could help curators understand which paintings and sculptures will be their biggest draws. Using cameras, a new system soaks up data on the number of observers and their behavior as they look at a work of art, helping to define its "attraction value," Flavia Rotondi explains. A ShareArt device next to a painting in the Istituzione Bologna Musei. Source: Istituzione Bologna Musei |
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