What We're Watching: China and Canada's hostage diplomacy, Biden's big week, Lebanon's blast investigation on hold

Meng Wanzhou, Chief Financial Officer of Huawei

China and Canada's hostage diplomacy: In 2018, Canada arrested Huawei top executive Meng Wanzhou because US authorities wanted to prosecute her for violating Iran sanctions. China responded by arresting two Canadians, Michael Kovrig and Michael Spavor, in what looked like a tit-for-tat. Over the weekend, Meng and the "Two Michaels" were all freed to return to their home countries as part of a deal evidently brokered by Washington. The exchange removes a major sore spot in US-China and Canada-China relations, though we're wondering if establishing the precedent of "hostage diplomacy" with China, especially in such a prominent case, is a good one for anyone involved.


Biden's killer week in Congress: Two huge congressional tests of President Joe Biden's agenda loom this week. First, the US Senate looks set to vote on a House-passed bill that would raise the debt ceiling to continue funding the federal government. But Senate Republicans who oppose a higher debt limit have pledged to block the bill by filibuster, a procedural tactic that Democrats can't stop on their own. If the GOP follows through on this threat, the US federal government could shut down as soon as Friday and face a potentially cataclysmic debt default by mid-October. On Thursday, the House votes on a $1 trillion infrastructure package that's now tearing the Democratic Party apart. Although the bill was hammered out by Dems and Republicans, and — crucially — has the support of Democrat moderates in the Senate, progressive Democrats say they won't support it unless they get to vote on a much larger $3.5 trillion expansion of the social safety net. Republicans and the Democratic moderates oppose that bill. The political stakes, for Biden and both parties, are enormous.

Lebanon's port inquiry stalled: Lebanese politicians have put the state's investigation into the Beirut port blast that killed more than 200 people last year on hold by filing a motion to have the overseeing judge removed from the case. One lawmaker accused Judge Tarek Bitar of "double standards" while conducting the investigation, but critics say Lebanon's political elite, including former PM Hassan Diab, simply wants to remove a judge who is serious about calling them to account for corruption and negligence. This latest ploy comes after parliamentarians dismissed the previous judge with accusations that he couldn't be impartial because the blast damaged his house. Many victims' families say that ousting judges is only one way that corrupt Lebanese officials have dodged responsibility and obstructed investigations into the explosions. Meanwhile, Lebanon's social and economic crises continue to deepen.

Meet Zoe Marshall, grandmother, fishmonger, and thriving business owner.

https://ad.doubleclick.net/ddm/trackimp/N6024.4218512GZEROMEDIA/B26379324.311531246;dc_trk_aid=504469522;dc_trk_cid=156468981;ord=[timestamp];dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=

When Zoe Marshall decided to switch careers in her forties and become a fishmonger, she was scared. After leaving her job of 23 years, Zoe was forced to pivot in order to keep her family's home. Despite challenges, she forged ahead, opening Sea-Licious. Accepting Visa payments in her fishmonger shop, this access to commerce helps Zoe provide convenience to her customers and confidence in their transactions. Though she's one of the only women in the fish market each morning, her business and its place in the local community are flourishing with Visa's help.

Learn more about Zoe and her story.

Listen: Can Big Government still rein in Big Tech or has it already lost control? Never before have just a few companies exerted such an outsized influence on humanity. Today's digital space, where we live so much of our daily lives, has increasingly become an area that national governments are unable to control. It may be time to start thinking of these corporations as nation-states in their own rights. Ian Bremmer speaks with Nicholas Thompson, CEO of the Atlantic and former WIRED editor-in-chief, about how to police the digital world.

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform to receive new episodes as soon as they're published.

In the lead-up to this year's COP26 climate summit in Glasgow, much of the attention has been focused on last summer's wildfires across the US and Europe, and more recently skyrocketing European energy prices. But what about Asia, the world's biggest and most populated region, which also has the highest share of global carbon dioxide emissions that cause global warming? Asia has unique climate risks but also many opportunities for solutions, and whatever happens at COP26, Asian countries led by China and India are primed to lead the world in the struggle to make the planet greener before it's too late. In a live discussion moderated by Shari Friedman, Eurasia Group's Managing Director of Climate and Sustainability, global experts discussed these and other topics during the first of a two-part Sustainability Leaders Summit sponsored by Suntory.

More Show less

We're just days away from COP26, the landmark global climate conference that's been dubbed the last chance to get the climate crisis in check. In the lead-up to the event in Glasgow, dozens of countries have released new ambitions to reduce their future carbon footprints. For years, climate activists and experts have called on governments to introduce carbon pricing schemes – either through taxes or emissions-trading schemes. So who's heeded the warning? We take a look at the top ten carbon emitters' share of global emissions and details about their respective national carbon pricing schemes.

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Do cryptocurrencies make it harder to enforce foreign policy sanctions?

Well, that is exactly what the Biden administration worries about. As part of growing concerns of whether unregulated currencies undermine a whole host of policies, sanctions and foreign or trade policy should be a priority area. And just like others who wish to evade tracing of their wealth or transactions, the very states or their sanctioned entities should be assumed to resort to all options to evade restrictions while continuing to do business. So having cryptocurrencies undermining the ability to enforce strategic goals logically raises eyebrows in Washington.

More Show less

Back in August, when the Taliban took over, we asked whether anyone in the international community would recognize them. Now it looks like things are heading that way.

This week, the Kremlin hosted a summit with the Taliban that was attended by China, India and Pakistan, as well as all five Central Asian Republics.

The domestically-focused US, however, wasn't there. The US continues to maintain that the Taliban can't be trusted. But does it matter? In 2021 does a Taliban-led government even need American recognition to function and thrive?

More Show less

For Kevin Rudd, former Australian PM and now CEO of the Asia Society, the science on climate change is pretty much done, so the only unresolved issues are tech and — more importantly — lack of political leadership. He can't think of a single national political leader who can fill the role, and says the only way to get political action on climate is to mobilize public opinion.

Rudd joined for the first of a two-part Sustainability Leaders Summit livestream conversation sponsored by Suntory. Watch here and register here to watch part two Friday 10/22 at 8 am ET.

Taking place on October 21 and 22, the Sustainability Leaders Summit will go beyond preexisting narratives and debate priorities for governments and industries ahead of COP26. Placing the spotlight on Asia's role in the global sustainability agenda, the event will address whether Asian countries and companies can achieve shared sustainability goals, and what is needed to help get them there. The summit will be co-hosted by Tak Niinami, CEO of Suntory Holdings, and Ian Bremmer, founder and president of Eurasia Group and GZERO Media. We will address three key questions: How can Asian countries, with the help of the private sector, achieve shared Sustainability Goals? Why does this matter? And what are the policy changes needed to bring it about?

Attendance is free and open to the public. Register to attend.

More Show less

Subscribe to GZERO Media's newsletter, Signal

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal