About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Biden Says U.S., Europe Must Prepare for Long-Term Competition With China” – below is their description.
U.S. President Joe Biden used his first major international speech Friday to speak out about the economic and national security challenges posed by Russia and China.
In a virtual address from the White House to the Munich Security Conference, Biden said the U.S. and its transatlantic allies in Europe and Asia “must prepare together for long term strategic competition with China,” something he said was among “the most consequential efforts” the nations will undertake.
Biden said competition with China will be “stiff,” but added that that’s what he welcomes. “Because I believe in the global system, Europe and the United States together, with our allies in the Indo-Pacific, worked so hard to build over the last 70 years,” he said.
The U.S. president also said that dealing with “Russian recklessness and hacking into computer networks in the United States and the world has become critical to protecting our collective security.”
He said Russian President Vladimir Putin wants to undermine the transatlantic partnership between the U.S. and Europe and threaten the NATO alliance.
“It’s not about pitting east against West. It’s not about we want to conflict. We want a future where all nations are able to freely determine their own path without a threat of violence or coercion,” Biden said.
Biden used his address to a global audience to underscore how his administration has begun reversing the policies of his predecessor, former President Donald Trump.
He said that the U.S. stands ready to rejoin talks about reentering the 2015 multilateral Iran nuclear deal abandoned by the Trump administration. The Biden administration announced Thursday its desire to reengage Iran, and it took action at the United Nations aimed at restoring policy to what it was before President Donald Trump withdrew from the deal in 2018.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: China
7 Recent Items: China
In This Story: Donald Trump
Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
5 Recent Items: Donald Trump
In This Story: Iran
Iran is home to one of the world’s oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. The Iranian Revolution established the current Islamic Republic in 1979.
Iran’s political system combines elements of a presidential democracy and an Islamic theocracy. Iran is a founding member of the UN, ECO, OIC, and OPEC. It is a major regional and middle power and has large reserves of fossil fuels — including the world’s largest natural gas supply and the third largest proven oil reserves.
The country’s rich cultural legacy is reflected in part by its 22 UNESCO World Heritage Sites. Historically a multi-ethnic country, Iran remains a pluralistic society comprising numerous ethnic, linguistic, and religious groups, the largest being Persians, Azeris, Kurds, Mazandaranis and Lurs.
4 Recent Items: Iran
In This Story: Joe Biden
Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.
He is married to Dr Jill Biden.
Books by Joe Biden #Ad
6 Recent Items: Joe Biden
In This Story: Pacific
The Pacific Ocean is the largest and deepest of Earth’s oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean in the south and is bounded by the continents of Asia and Australia in the west and the Americas in the east
2 Recent Items: Pacific
In This Story: Putin
Vladimir Vladimirovich Putin is a Russian politician and a former officer of the KGB who has served as President of Russia since 2012, previously holding the position from 1999 until 2008. He was also the Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012.
5 Recent Items: Putin
In This Story: Russia
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.