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Queen Elizabeth II in the House of Lord's Chamber at the Houses of Parliament. Photo: Richard Pohle - WPA Pool/Getty Images

Queen Elizabeth II said in a statement Monday she has agreed to a "period of transition" in which Prince Harry and Meghan Markle, Duchess of Sussex, will split time between the United Kingdom and Canada, after the pair announced last week they would "step back" as senior members of the royal family.

Why it matters: It's an expression of support that follows an emergency family summit this weekend. The queen said she would have "preferred them to remain full-time working Members of the Royal Family," but respects their wish to live a "more independent life."

Read the full statement:

"Today my family had very constructive discussions on the future of my grandson and his family.
My family and I are entirely supportive of Harry and Meghan's desire to create a new life as a young family. Although we would have preferred them to remain full-time working Members of the Royal Family, we respect and understand their wish to live a more independent life as a family while remaining a valued part of my family.
Harry and Meghan have made clear that they do not want to be reliant on public funds in their new lives.
It has therefore been agreed that there will be a period of transition in which the Sussexes will spend time in Canada and the UK.
These are complex matters for my family to resolve, and there is some more work to be done, but I have asked for final decisions to be reached in the coming days."

Go deeper: Prince Harry and Meghan Markle to "step back" as senior royals

Go deeper

Updated 7 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

8 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.