What We're Watching: North Korea's massive weapon, a broken truce in Nagorno-Karabakh, UK's COVID fiasco

North Korean leader Kim Jong Un reacts as he attends a parade to mark the 75th anniversary of the founding of the ruling Workers' Party of Korea

North Korea's massive missile: "We will continue to strengthen the war deterrent," North Korean leader Kim Jong-un said at a military parade Saturday as his armed forces paraded a new intercontinental ballistic missile, the largest-ever rolled out by Pyongyang. Observers were quick to weigh in, saying that though the missile had not been tested yet, it was likely more powerful than the North's previous weapons, and could potentially travel further and inflict more damage. As is always the case with the opaque North Korean regime, it's unclear whether this display — set to coincide with the 75th anniversary of the North's ruling Workers' Party — was a blusterous show of strength by Kim amid failed negotiations with the US and a faltering economy, or whether there's something more sinister at play. Either way, analysts agree, the unveiling of the large weapon is a threat to the US' nuclear deterrence capability.


A tenuous truce in Nagorno-Karabakh: A temporary truce that raised hopes of an end to a weeks-long bloodbath between Armenians and Azeris in the disputed Nagorno-Karabakh region has already been breached, with both sides blaming the other for violating the humanitarian ceasefire. The truce, brokered by Moscow, was supposed to involve the exchange of prisoners with the hope of paving the way for more dialogue. It comes after the recent round of fighting expanded beyond the rugged highland region to civilian enclaves near the border, resulting in scores of civilian deaths on both sides. Meanwhile, around 70,000 people have already been displaced in the latest escalation — the most intense confrontation in the South Caucasus (where Armenia and Azerbaijan are located) since the two sides fought a years-long war in the 1990s that killed 30,000 people. Now, the temperature only seems to be rising despite the nascent truce: Turkey — which backs Azerbaijan — came in hot on Monday, threatening that the Russian-brokered ceasefire was Armenia's "last chance" to withdraw its forces.

UK's COVID mess: As coronavirus cases continue to surge in the UK, Prime Minister Boris Johnson implemented a new tiered system of lockdown measures, which aims to target coronavirus hotspots with stricter rules while avoiding the uniform lockdowns seen over the spring. Britain, which has one of the highest COVID-19 death rates per capita in the world, has thus far implemented a byzantine lockdown system and inconsistent social distancing guidelines that many Britons have been accused of flouting (including government officials). In recent days, people have rallied against the new measures, suggesting that the country is suffering from what some experts have called "pandemic fatigue." Indeed, part of this can be attributed to Britons' lack of trust in the government's ability to manage the crisis: confidence in the government's handling of the pandemic currently stands at 31 percent, down from 72 earlier in the year (that's the lowest approval of any government polled by YouGov.) Additionally, critics also say that there are no adequate measures now in place to protect laid-off workers. As a result, the country's hospitality industry has threatened legal action against the British government over the latest restrictions.

That's Bank of America's new target in its Environmental Business Initiative in order to accelerate the transition to a low-carbon, sustainable economy.

Here's how it will drive innovation to address climate change.

On Tuesday, a major US intelligence report said the top threat to America right now is China. A day later, John Kerry, the Biden administration's "climate czar," got on a plane to... China.

Such is the drama of ties between the world's two largest economies these days.

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Should the Biden administration "reverse course on China" in the hope of establishing a friendlier relationship, as diplomat Kishore Mahbubani argues in a recent Financial Times op-ed? Ian Bremmer and Eurasia Group analyst Michael Hirson take out the Red Pen to explain why it's not that simple.

And today, we are talking about the United States and China. The relationship between the two most powerful nations in the world is the worst it's been since the Tiananmen Square massacre in 1989. Pundits and policymakers alike all around the world are trying to figure out how Washington and Beijing can at least stop the bleeding because a reset is nowhere in the cards.

That's the topic of the op-ed that we are looking at today. It's from the Financial Times, written by Singaporean diplomat Kishore Mahbubani, and the title summarizes the key argument: "Biden should summon the courage to reverse course on China." Meaning, he should throw out the Trump era approach and open the door to more cooperation and kinder, gentler relations.

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More than a dozen COVID-19 vaccines have been fully approved or are currently in early use globally, and COVAX, the global initiative started last year by the World Health Organization and other partners, is pushing for equitable access to vaccines for all. But most of the half billion jabs given so far have gone to citizens of wealthy countries, with half going to the US and China alone. What's the problem with so-called vaccine nationalism? Ian Bremmer explains that besides the clear humanitarian concerns, the continued global spread of COVID increases the risk of new mutations and variants that can threaten the entire world, vaccinated or not.

Watch the episode: Vaccine nationalism could prolong the pandemic

Should wealthy individuals and nations shoulder more of the burden in addressing climate change? Pulitzer Prize-winning climate journalist Elizabeth Kolbert argues that Big Tech leaders like Jeff Bezos and Elon Musk should shift more of their focus to fighting for our own planet's survival, instead of space exploration. "We're doing as much as we can to make life difficult on planet Earth for ourselves. But there's virtually nothing we could do to make it as difficult as life on Mars, where there's, among other things, no oxygen." Kolbert, the author of Under a White Sky, discusses why it's so crucial for a few rich countries to bear most of the climate burden, since they're also the biggest emitters. Her conversation with Ian Bremmer is featured in the upcoming episode of GZERO World, airing on US public television stations starting this Friday, April 16. Check local listings.

In recent days, Northern Ireland has seen some of its worst street violence in over a decade. The anger has subsided a bit this week, but post-Brexit fears leave many uncertain about their future in a deeply divided land with a long history of political violence between Irish republicans and UK unionists.

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Fighting climate change is about making the planet get less hot. The more quickly countries slow down their carbon emissions, the faster that'll happen. All the more important for the nations that pollute the most — but not all of them are on board. Although the majority, including China, are setting future targets to go Net Zero, India doesn't want to commit (yet) to when to stop burning fossil fuels to spur economic growth. We take a look at when the world's top polluting economies intend to go carbon-neutral, compared with their share of global emissions, of renewable energy as a source of electricity, and percentage of global coal consumption.

Peruvian runoff: Perú's presidential election is going to a runoff in June between two surprise and polarizing contenders, each of whom won less than 20 percent of votes in a highly fragmented first round. Pedro Castillo, a far-left union leader and teacher who benefited from a late surge in the polls, will battle rightwing populist Keiko Fujimori, daughter of the country's imprisoned former strongman. Castillo wants to rewrite the constitution to weaken the political influence of the country's business elite and maybe to allow the state to nationalize parts of the mining sector to pay for social programs for the poor. Fujimori wants to use mining revenues to create jobs by investing in infrastructure and healthcare. The runoff will probably be a national referendum on Fujimori, a divisive figure running for the top job for the third time. No Peruvian president has ever left office without facing corruption charges, but Fujimori already faces several — and she'll avoid jail time if she wins.

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