5 things to know Friday

G-7 summit featuring Biden, other world leaders, to begin in England

President Joe Biden andother G-7 leaders will have a lot to discuss when they gather in Carbis Bay in Cornwall, western England, for their seaside summit, starting Friday. Climate change, defense and security and getting the global economy back on track in the wake of the coronavirus pandemic are all on the agenda for the leaders’ 47th gathering. The countries announced last week that they agreed to back a minimum global corporate tax rate of at least 15% – a landmark deal that would mean multinational companies would pay more taxes in the countries where the operate. Besides the United States, the G-7 includes Canada, France, Germany, Italy, Japan and the U.K. The group’s last face-to-face summit took place nearly two years ago in the seaside resort of Biarritz in southwest France.

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