1 00:00:00,120 --> 00:00:03,000 Speaker 1: Good morning, and welcome to the working week. It's Monday, 2 00:00:03,000 --> 00:00:06,000 Speaker 1: the seventh of June. My name is Zara Seidler, and 3 00:00:06,040 --> 00:00:08,760 Speaker 1: as always i'm joined by Sam Kozowski to make. 4 00:00:08,680 --> 00:00:13,840 Speaker 2: Sense of today's news. Making news today, new cases in Victoria. 5 00:00:14,440 --> 00:00:17,360 Speaker 3: More protests in Minneapolis, some. 6 00:00:17,400 --> 00:00:20,760 Speaker 2: Good news about a giant hybrid sailboat. 7 00:00:20,960 --> 00:00:23,400 Speaker 3: And we're going to explain what the G seven is 8 00:00:24,000 --> 00:00:26,000 Speaker 3: today's daily digest. 9 00:00:26,600 --> 00:00:29,920 Speaker 1: Yesterday we found out that Victoria had recorded another four 10 00:00:30,000 --> 00:00:33,280 Speaker 1: new cases of COVID nineteen, with two of them connected 11 00:00:33,280 --> 00:00:36,720 Speaker 1: to an aged care facility. Interestingly enough, we now know 12 00:00:36,760 --> 00:00:40,040 Speaker 1: that one of those cases was actually fully vaccinated, so 13 00:00:40,080 --> 00:00:42,400 Speaker 1: there's definitely going to be a bit of commentary around that. 14 00:00:43,320 --> 00:00:45,839 Speaker 1: Over the weekend, there were twenty nine thousand test results 15 00:00:45,880 --> 00:00:50,000 Speaker 1: that were returned and nineteen thousand vaccinations administered at state 16 00:00:50,080 --> 00:00:53,440 Speaker 1: run centers. On top of that, the Victorian government also 17 00:00:53,479 --> 00:00:56,960 Speaker 1: announced new financial support for the regions with a thirty 18 00:00:57,000 --> 00:00:59,960 Speaker 1: two million dollar tourism package that will include a fourth 19 00:01:00,080 --> 00:01:04,280 Speaker 1: release of regional tourism travel vouchers. Eighty thousand vouchers will 20 00:01:04,319 --> 00:01:07,200 Speaker 1: be made available, with operators across the state receiving a 21 00:01:07,360 --> 00:01:10,640 Speaker 1: tourism supplement top up of four thousand, five hundred dollars. 22 00:01:11,880 --> 00:01:14,800 Speaker 3: Protesters in Minneapolis have faced off with police over the 23 00:01:14,800 --> 00:01:17,920 Speaker 3: weekend after the death of the man identified by family 24 00:01:17,959 --> 00:01:21,880 Speaker 3: as Winston Boogey Smith Junior. A video showed fires burning 25 00:01:21,880 --> 00:01:24,720 Speaker 3: in the blocked intersection, a car being towed, and officers 26 00:01:24,720 --> 00:01:27,280 Speaker 3: engaging in a tussle with someone on the ground who 27 00:01:27,280 --> 00:01:30,240 Speaker 3: they appeared to be arresting. It's pretty clear we don't 28 00:01:30,280 --> 00:01:32,280 Speaker 3: know a heap about the actual incident, but what we 29 00:01:32,360 --> 00:01:35,440 Speaker 3: do know is that Minneapolis police made twenty seven arrests 30 00:01:35,640 --> 00:01:39,800 Speaker 3: in relation to the protests, but no injuries were reported the. 31 00:01:39,800 --> 00:01:42,360 Speaker 1: G seven and if you're not across that, stay put 32 00:01:42,440 --> 00:01:44,400 Speaker 1: and Sam will explain it in his Deep dive in 33 00:01:44,440 --> 00:01:47,320 Speaker 1: a bit. They've agreed to tackle tax abuses by some 34 00:01:47,360 --> 00:01:51,320 Speaker 1: of the world's largest multinationals, and they've established a minimum 35 00:01:51,360 --> 00:01:54,800 Speaker 1: global corporation tax for the very first time. The agreement 36 00:01:54,840 --> 00:01:56,760 Speaker 1: now means that companies have to pay a minimum of 37 00:01:56,840 --> 00:01:59,800 Speaker 1: fifteen percent tax in each country that they're operating in. 38 00:02:00,960 --> 00:02:04,440 Speaker 3: And today's good news. An autonomous hybrid sailboat has been 39 00:02:04,480 --> 00:02:08,760 Speaker 3: created to reinforce the battle against plastic pollution in our oceans. 40 00:02:09,280 --> 00:02:13,200 Speaker 3: So basically, this ship relies on renewable energy sources and 41 00:02:13,480 --> 00:02:17,720 Speaker 3: sales across the ocean, intervening wherever it finds plastic. It'll 42 00:02:17,760 --> 00:02:20,760 Speaker 3: have the ability to extract between five to ten thousand 43 00:02:20,919 --> 00:02:23,160 Speaker 3: tons of floating plastic each year. 44 00:02:26,680 --> 00:02:28,919 Speaker 1: I don't know if it's because it is the crack 45 00:02:28,960 --> 00:02:31,640 Speaker 1: of dawn on a Monday morning or because it's a 46 00:02:31,639 --> 00:02:35,720 Speaker 1: confusing concept itself. But we've already seen some news from 47 00:02:35,720 --> 00:02:38,840 Speaker 1: a G seven meeting which is about these tax implications. 48 00:02:39,080 --> 00:02:41,040 Speaker 1: But I know that there is a G seven meaning 49 00:02:41,120 --> 00:02:44,440 Speaker 1: coming up in the future. So what's already happened, what's 50 00:02:44,440 --> 00:02:44,959 Speaker 1: coming up? 51 00:02:45,120 --> 00:02:46,079 Speaker 2: What is G seven? 52 00:02:46,480 --> 00:02:48,440 Speaker 3: So this week you're going to see a lot about 53 00:02:48,440 --> 00:02:51,920 Speaker 3: the G seven in the headlines. The G seven is 54 00:02:52,200 --> 00:02:56,400 Speaker 3: an organization made up of the world's seven largest advanced economies. 55 00:02:57,000 --> 00:03:01,600 Speaker 3: The countries are Canada, France, Germany, Italy, Japan, the UK 56 00:03:01,840 --> 00:03:04,800 Speaker 3: and the US. It's worth noting that Russia was also 57 00:03:04,919 --> 00:03:07,160 Speaker 3: in the G seven, which was then obviously called the 58 00:03:07,240 --> 00:03:09,919 Speaker 3: G eight, and they joined in ninety eight, but they 59 00:03:09,960 --> 00:03:13,640 Speaker 3: have been excluded since twenty fourteen for their takeover of Crimea. 60 00:03:14,240 --> 00:03:17,880 Speaker 3: Now the obvious emission from the group is China. When 61 00:03:17,919 --> 00:03:21,280 Speaker 3: we're thinking about advanced economies. China's normally super high up 62 00:03:21,280 --> 00:03:24,360 Speaker 3: that list. However, the G seven excludes China because the 63 00:03:24,360 --> 00:03:28,080 Speaker 3: way they calculate wealth is per person, so China is 64 00:03:28,200 --> 00:03:30,960 Speaker 3: naturally seen as an advanced economy in this sense. 65 00:03:31,400 --> 00:03:33,639 Speaker 1: So you rattled off some of the biggest economies in 66 00:03:33,720 --> 00:03:36,680 Speaker 1: the world. Why then is Scott Morrison on his way 67 00:03:36,720 --> 00:03:39,840 Speaker 1: to G seven if Australia is not included. 68 00:03:39,920 --> 00:03:42,160 Speaker 3: To throw in a Hamilton reference for you all. He 69 00:03:42,280 --> 00:03:44,320 Speaker 3: just wants to be in the room where it happened. 70 00:03:44,680 --> 00:03:47,000 Speaker 2: That's the proudest Sam has ever been of himself. 71 00:03:47,360 --> 00:03:50,800 Speaker 3: So the G seven normally allocates a certain part of 72 00:03:50,880 --> 00:03:54,160 Speaker 3: its meeting to the G seven Plus and that's when 73 00:03:54,160 --> 00:03:57,720 Speaker 3: representatives from India, South Korea and Australia are invited along 74 00:03:57,920 --> 00:04:01,840 Speaker 3: for some chats away from the main center stage. This 75 00:04:02,000 --> 00:04:04,440 Speaker 3: is summit is in Cornwall in the UK and that 76 00:04:04,480 --> 00:04:07,600 Speaker 3: region is seen essential to the UK's green technology sector, 77 00:04:07,760 --> 00:04:10,800 Speaker 3: so there's obviously a bit of intent about holding the 78 00:04:10,840 --> 00:04:14,600 Speaker 3: summit there. We expect the environment and green energy to 79 00:04:14,640 --> 00:04:17,240 Speaker 3: be very high on the list of discussion points for 80 00:04:17,320 --> 00:04:21,000 Speaker 3: the summit ahead of the huge Climate Conference in Glasgow 81 00:04:21,040 --> 00:04:23,440 Speaker 3: in November, and trust me, you're going to be hearing 82 00:04:23,480 --> 00:04:25,960 Speaker 3: a lot more about that conference in the months to come. 83 00:04:26,279 --> 00:04:28,880 Speaker 3: I guess the main purpose of the G seven is 84 00:04:28,960 --> 00:04:33,800 Speaker 3: to have discussions occur between the world's biggest economies, agreements 85 00:04:33,920 --> 00:04:37,120 Speaker 3: be made, and joint statements be issued. It's a way 86 00:04:37,240 --> 00:04:40,600 Speaker 3: for leaders to talk in an organized setting. Around the 87 00:04:40,600 --> 00:04:44,760 Speaker 3: G seven summit itself, there are side meetings for particular portfolios, 88 00:04:45,080 --> 00:04:47,279 Speaker 3: and the one that happened in London over the weekend 89 00:04:47,440 --> 00:04:50,760 Speaker 3: was of the G seven finance ministers. Australia is not 90 00:04:50,800 --> 00:04:53,400 Speaker 3: cool enough to be in these side meetings and Scott 91 00:04:53,440 --> 00:04:56,400 Speaker 3: Morrison will only have limited access to G seven activities 92 00:04:56,400 --> 00:04:57,680 Speaker 3: when he arrives this week. 93 00:04:57,960 --> 00:05:01,320 Speaker 1: So people are often pretty cynical the role that these 94 00:05:01,360 --> 00:05:04,560 Speaker 1: sorts of organizations can play and how big their teeth 95 00:05:04,600 --> 00:05:07,839 Speaker 1: can actually be. What impacts will the conclusions of the 96 00:05:07,880 --> 00:05:09,520 Speaker 1: G seven meeting actually make. 97 00:05:10,200 --> 00:05:13,200 Speaker 3: So in the words of former President Trump last year, 98 00:05:13,320 --> 00:05:17,960 Speaker 3: it was a very outdated group of countries, the most outdated, 99 00:05:19,520 --> 00:05:21,840 Speaker 3: and the reason why President Trump described it as being 100 00:05:21,839 --> 00:05:25,599 Speaker 3: outdated is because it doesn't include India and China, who 101 00:05:25,640 --> 00:05:28,719 Speaker 3: are arguably two of the largest countries and economies in 102 00:05:28,760 --> 00:05:32,360 Speaker 3: the world. But they have done some good stuff over 103 00:05:32,360 --> 00:05:35,200 Speaker 3: the years. For example, in two thousand and two they 104 00:05:35,240 --> 00:05:38,400 Speaker 3: help set up a global fund to fight malaria and AIDS, 105 00:05:38,880 --> 00:05:42,040 Speaker 3: and particularly at a time like COVID nineteen, we actually 106 00:05:42,160 --> 00:05:44,680 Speaker 3: see these bodies be a lot more useful than they 107 00:05:44,680 --> 00:05:47,440 Speaker 3: are when the world is going well. The theme for 108 00:05:47,480 --> 00:05:50,480 Speaker 3: this year is, of course COVID and the countries are 109 00:05:50,480 --> 00:05:54,000 Speaker 3: aiming to build a stronger global health system. So if 110 00:05:54,000 --> 00:05:57,040 Speaker 3: we're looking to get back to international travel, forums like 111 00:05:57,080 --> 00:06:00,960 Speaker 3: the G seven are super important for laying agreements between 112 00:06:01,000 --> 00:06:06,320 Speaker 3: countries of further travel bubbles, vaccine, passports, rules and regulations. 113 00:06:06,839 --> 00:06:10,159 Speaker 3: Another trademark of a G seven summit, particularly in recent years, 114 00:06:10,279 --> 00:06:14,440 Speaker 3: is massive protests around the summit. Police have actually hired 115 00:06:14,440 --> 00:06:17,800 Speaker 3: a cruise ship this year to house offices that will 116 00:06:17,800 --> 00:06:20,880 Speaker 3: be needed to support the summit. There's five thousand British 117 00:06:20,920 --> 00:06:23,919 Speaker 3: police officers currently sitting on a cruise ship getting ready 118 00:06:23,960 --> 00:06:26,640 Speaker 3: to protect the venues where the leaders will be. We'll 119 00:06:26,640 --> 00:06:29,080 Speaker 3: make sure to bring the information when Prime Minister Scott 120 00:06:29,080 --> 00:06:32,440 Speaker 3: Morrison gets over to the UK to represent Australia, we're 121 00:06:32,480 --> 00:06:35,480 Speaker 3: expecting the first face to face meeting with US President 122 00:06:35,560 --> 00:06:39,599 Speaker 3: Biden and some really important conversations around the behavior of 123 00:06:39,680 --> 00:06:43,800 Speaker 3: China and Russia, COVID nineteen responses and vaccine rollouts and 124 00:06:44,000 --> 00:06:44,960 Speaker 3: climate change. 125 00:06:45,120 --> 00:06:47,640 Speaker 1: That's all we have time for today, but please in 126 00:06:47,680 --> 00:06:50,799 Speaker 1: the meantime follow us on Instagram at the Daily OS. 127 00:06:50,920 --> 00:06:53,960 Speaker 1: It's where over one hundred and fifteen thousand Australians get 128 00:06:54,000 --> 00:06:56,159 Speaker 1: their news throughout the day, and we'd love you to 129 00:06:56,160 --> 00:06:57,360 Speaker 1: become part of the community.