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The Daily Brief: EU Warns Russia Over Increasing Russian Forces at the Ukraine Border

Russia denies plans of attacking as EU sends warning

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Russian army
  • Russia has close to 100,000 armed military personnel placed at the Ukrainian border which has been a source of concern for Ukraine and the rest of the world. The Ukrainian government is concerned that Russia plans to attack its borders soon. However, the Kremlin denies such allegations. 
  • The US and EU have been involved to resolve the tension between the countries. The European Union has warned Russia of ‘severe consequences’ if Russian armed forces were to attack. 
  • Ursula von der Leyen, chief of the European Commission, has warned of more sanctions towards Russia but has not specified. 
  • Ukraine had decided to join the EU and NATO rejecting Russian rule. Russia claims that the military forces at the border are placed for defensive purposes. It does not want NATO to spread further inward into Russia past Ukraine. 

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As Lira Crashes, Turkey Raises Minimum Wage by 50%

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  • As the value of the lira is crashing and families are struggling with soaring inflation, Turkey’s president Tayyip Erdogan announces that the minimum wage will be increased by 50% in 2022.This will be the highest increase in minimum wage in 50 years.
  • The minimum monthly net salary will increase to 4,250 liras($275) from the current salary of 2,826 liras, which used to be valued at $380 but, due to lira depreciation, is only valued at $186.
  • Erdohgan also stated that, starting in 2022, both income and stamp tax on minimum wage will also be abolished. Interest rates were also slashed, and Ergogran insists that lowering rates, coupled with increasing minimum wage, will boost economic growth, power exports and create jobs. 

US Imposes Sanctions on Chinese Firms Due to Uighur Abuse

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  • Numerous Chinese technology companies were blacklisted by the US Commerce Department after Beijing’s government was accused of increasing high-tech surveillance on the Uighurs, the largely Muslim minority population. 
  • Secretary Commerce Gina Raimondo stated that rather than trying to save lives, the People’s Republic of China was abusing various technologies to pursue control over its people and repression of minority groups. 
  • This move bans the listed companies from trading or exchanging products within the United States, and occurred the same day the US Congress passed legislation targeting Chinese exports in the Xinjiang region. This is the same region where more than one million people, mainly Uighurs and other Muslim minorities have been imprisoned in camps.
  • China’s treatment of the Uighurs has been described by the US as “genocide” and many human rights groups have recounted surveillance of artificial intelligence operations and DNA tracing to recognize and monitor faces. 

Mcdonald’s Former CEO Steve Easterbrook Required to Repay $105m

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  • Steve Easterbrook, a former chief executive, settled a lawsuit with Mcdonald’s and had to return $105 million worth of equity awards and cash that were included in his severance package back in 2019. 
  • Mcdonald’s claims that Mr. Easterbrook lied and hid three sexual elationships he had with staff members, and that he failed to uphold the firm’s values and fulfill his responsibilities. 
  • When Mr. Easterbrook was fired in 2019, only one consensual relationship was discovered, and that’s why this severance package was approved, but upon further investigation, two more relationships were uncovered. Relationships that involved sexually explicit photgraphs being forwarded to his personal email and a grant that was approved for one of the employees after their first encounter. 
  • Mcdonald’s now faces an investigation involving sexual harassment in the workplace and the chain announced that it will implement new safer workplace standards starting Januaury 2022. 

The 12 Remaining Kidnapped Missionaries Have Been Released in Haiti Unharmed
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  • The Haitian gang, 400 Mawozo, finally released the remaining 12 missionary hostages. The abduction occurred about two months ago to a U.S. based missionary group called Christian Aid Ministries; the kidnapped group included 16 Americans and 1 Canadian, 5 of whom were children ranging from 8 to 15 years old.
  • The remaining 12 missionaries were released in an arid area about an hour’s drive north of the capital of Port-au-Prince. The release ends an international mess for the Biden administration, who had sent FBI agents to Haiti to help with the release.
  •  It is not clear whether the ransom of $1 million per person was fulfilled. Gedeon Jean, the head of the Center for Analysis and Research in Human Rights, a Port-au-Prince-based organization that tracks kidnappings, states that a ransom was most likely paid, since every kidnapping case involving an American since 1973 had to pay a ransom. 
  • At least 803 people have been abducted through the end of October, including 54 foreigners, and about 20 people a day are currently being abducted by gangs in Haiti. 

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Daily Brief

Salman Rushdie Severely Stabbed due to his Publication of the Book “The Satanic Verses”

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  • Salman Rushdie, an author, was severely stabbed in his neck and abdomen on stage by a suspect named Hadi Matar, causing him to be on a ventilator and potentially losing an eye.
  • An Iranian leader back in the 20th century wanted Rushdie killed because of his novel, Satanic Verses, that many Muslims found disrespectful. This led Salman to go into hiding for almost a decade.
  • Translators from different countries reading this book were harshly stabbed to death when the book came out and Iranian leader, Ayatollah Khomeini called for Salman’s execution for three million dollars.
  • The Iranian government has not yet responded to this issue, but many Iranians in the media claim him to be an apostate who later became an atheist.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

China Threatens Consequences if Pelosi Visits Taiwan

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  • US House of Representatives Speaker Nancy Pelosi has landed inTaiwan. Prior to the visit, China’s Foreign Ministry has voiced their disapproval, stating that “China will take resolute responses and strong countermeasures to defend its sovereignty and territorial integrity.”
  • US Secretary of State Antony Blinken emphasized in response  that “The speaker will make her own decisions about whether or not to visit Taiwan,” and that the US is looking to Beijing to “act responsibly and not to engage in any escalation going forward.”
  • The US has made it clear that members of Congress routinely visit Taiwan and that this trip is non-threatening and has precedent. Even so, some officials have expressed concern that China may invade Taiwan’s air defense zone or send missiles near Taiwan in retaliation.
  • Pelosi has criticized China’s leadership and vocalized support for Taiwan in the past. She is currently on her tour of Asia, with scheduled visits to Singapore, Malaysia, South Korea and Japan.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

First Grain Ship Departs Ukraine After Six Months of Russian Blockade

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  • The first shipment of grain departed the port of Odesa on Monday after Russia’s blockade of Ukrainian ports for the last six months trapped around 20 million metric tons of wheat and corn.
  • Russia recently made a deal with Ukraine, brokered by the UN and Turkey, allowing grain exports to resume, appeasing fears of a global food supply crisis and rising prices.
  • Ukrainian Foreign Minister Dmytro Kuleba celebrated the shipment, calling it a “day of relief for the world, especially for our friends in the Middle East, Asia, and Africa.”
  • Ukrainian President Volodymyr Zelensky was more hesitant to celebrate the shipment, stating “it is too early to draw any conclusions and make any forecasts” and he wants to “see how the agreement works and whether security will be really guaranteed.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

Concerns Rise As US Teeters on the Brink of Recession

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  • The US economy declines for the second quarter in a row, causing, what other countries would consider, an economic recession. 
  • The prices for groceries, gas, and other basics are rising at the fastest pace since 1981. The US Central Bank is quickly trying to raise borrowing costs in order to cool the economy and ease the prices on goods, but with the contraction, at the annual rate of 0.9% in the 3 months to July, many are still getting concerned. 
  • President Biden struggles to convince the public that the economy is sound, with the unemployment rate at a low 3.6%. But with inflation in the US hitting 9.1% in June, the fastest price appreciation in 4 months, consumer spending has slowed at an annual rate of 1%. 
  • Many other countries, such as China and the UK, have been hit harder by the surge in energy prices and the War in Ukraine, causing risks from abroad. Other countries are facing much more serious problems and once they’re hit, their problems can spill over and affect the US. 

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

North Korea Could Possibly Be Preparing another Nuclear Test

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  • North Korea could be preparing a seventh nuclear test, especially after Mr. Kim announced that the country is fully ready for any military confrontation with the US at a Korean War Anniversary event. 
  • A US special representative in North Korea states that Jong-Un has tested an unprecedented number of missiles this year—31 to 25. Jong-Un also stated that threats from the US required North Korea to achieve the urgent historical task of strengthening its self-defense. 
  • Jong-un also stated that South Korea is reviving a plan to counter North Korea’s threat by mounting precautionary strikes; in June alone, South Korea launched 8 missiles of its own.
  • The North Korean regime is especially angry with South Korea’s new president Yoon Suk-yeol and his so-called Kill Chain strategy. This strategy allows South Korea to launch ballistic missiles and air strikes on North Korean targets if it ever feels threatened. 
  • North Korea has also not been getting as much engagement with Washington ever since Biden replaced Trump, and could be hinting at some sort of deliberate escalation by the North, and preparations have been underway at the Punggye Ri test site since March.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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Daily Brief

Russia Limits Gas Supply to Germany

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  • Gazprom, a major Russian energy provider, has stated it will reduce the supply of gas to Germany by half via the Nord Stream 1 pipeline due to repair work. 
  • Germany has said that they see no technical reason for the decrease in gas supply. The European Union continues to accuse Russia of weaponizing energy, with Ukrainian President Volodymyr Zelensky stating, “This is an open gas war that Russia is waging against a united Europe.”
  • Ukraine and Russia signed an agreement to allow the export of grain via the Black Sea after Russia continued to block millions of tonnes from being exported. The next day, Russia struck missiles at the port, some of which hit the infrastructure of the port.
  • The US and Ukraine are optimistic that the agreement will still be implemented, with the US State Department stating, “Despite these attacks, we do understand that the parties are continuing preparations to open Ukraine’s Black Sea ports for food and fertilizer exports…we also continue to expect that the Black Sea agreement will be implemented.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

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