It is not uncommon for two heads of Western powers to celebrate birthdays in the same week. Even more rare, both are in their eighth years. Should we celebrate that age when it is clear that there are no barriers to such leadership work now? King Charles III turns 74 on Monday, and will be honored with a 41-gun salute and the song “Happy Birthday” at the changing of the guard at Buckingham Palace. But US president Joe Biden passed a more significant milestone, turning 80 on Sunday. He also has a more pressing week of international diplomacy and national politics to deal with before blowing out the candles on his cake.
First, there’s the G20 summit in Bali, or what an FT colleague calls the country’s first global government meeting. second cold war. Russian President Vladimir Putin is not comingbut China’s Xi Jinping is supposed to, so there will be pressure on Biden to talk to him.
At home, there’s a small problem of Donald Trump being widely watched.”Huge announcement” on Tuesday from his Mar-a-Lago estate in Florida.
This is also the week of the Asia-Pacific Economic Cooperation Summit in Thailand, bringing together 21 countries in the region, the first such face-to-face meeting since 2018. Again the US, China and Russia are invited, and again Putin will not be there. However, French President Emmanuel Macron will attend because he is invited to speak on global trade relations.
Fix the hole
Across the Atlantic in the UK, where potential festive barbecues are having a particularly miserable seasonThe most important diary date is Prime Minister Jeremy Hunt’s financial statements on Thursday.
The country is in a “financial loss” (not my, Hunt’s phrase) and the prime minister’s plan is to find about half of the £55bn shortfall needed in public spending cutswith measures including a social care reform delayedone freeze in income tax threshold and a sneak raid on inheritance tax.
The FT’s economic and parliamentary team will be present to translate the words of politicians and find the key points hidden in the Treasury documents. Read this explainer to understand why the UK needs urgent action. And if you think you can do better than the prime minister, beat yourself up with “fill the black holeInteractive.
Sticking with UK politics, Nicola Sturgeon on Monday will be eight years since leader of the Scottish National Party. She got the job when her predecessor and mentor Alex Salmond stepped down in 2014 independence referendum. While Westminster is cutting central government spending, Holyrood is enacting austerity of its own. Will Sturgeon’s milestone prompt her assessment of her performance as first minister?
United Nations Conference on Climate Change COP27 coming to an end on Friday, but on Sunday we start what will most likely capture world news as well as sports page headlines over the next month – Qatar 2022 FIFA World Cup. Maybe say this could be a controversial tournament. of an understatement – read our magazine report here. FT will be there to deliver comprehensive insurance.
Finally, we have more elections. Malaysia goes to the polls on Saturday. Nepalese will vote for seats in parliament and provincial government on Sunday and FT’s sister title Nikkei Asia produced this Helpful guide to the main points. Kazakhstan’s general election on Sunday is remarkable because it represents most important constitutional change for the oil-rich Central Asian nation since it declared its independence from the former Soviet Union.
There is some important data likely to be released next week from the US, namely producer price index inflation rate figures, retail sales figures and other updates on the home market. the wobbly land of the United States.
The UK’s big economic event is the Autumn Declaration, but before that, UK unemployment data will be updated on Tuesday. The UK government has focused its attention on their record here because it is one of the only good news stories for them. However, it’s not great.
The UK will be the only developed economy with jobs below pre-pandemic levels in early 2023, according to a new analysis. Again “disgruntled winter” also appears as a series of workers — nurse is the newest – wages on demand increase in line with inflation.
Then, on Wednesday, there’s more inflation data on fears that the consumer price index measure will remain in double digits. The week will end in the UK with an update on retail sales, though hopes aren’t high gloomy prediction of the country enter a recession.
The cost of living will also be an EU focus this week, with inflation data due on Thursday. There will also be a third-quarter gross domestic product estimate on Tuesday.
The words “Elon Musk will be in the headlines again this week” could be written here any time of the year, but this week, an outburst will be in the diary. This time it’s more than his $56 billion payout package at Tesla. A court in Delaware, where the electric vehicle manufacturer is registered, will hear shareholder complaints.
Vodafone, which reported interim results on Tuesday, has been under pressure to overhaul its operations. Shareholders will consider how much money the company has been able to debt cut following the announcement of a stake sale in the Vantage mast business last week.
Fashion changes and so does the senior management team, British brand Burberry has discovered this year. Investors will be eager to see what new chief executive Jonathan Akeroyd has come up with to boost growth when the company reports first-half numbers on Thursday. Analysts expect him to focus on improving margins, which have historically lagged behind larger rivals in France and Italy.
Read the calendar last week here.