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The Daily Brief: Europe Accuses Putin of Playing Hardball Over Fuel

Russia President Vladimir Putin is accused of withholding vitally needed fuel to Europe.

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The Daily Brief Europe Accuses Putin of Playing Hardball Over Fuel

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Story Headline: Much of Europe seeing 40% Increase in Fuel Costs

  • Russia President Vladimir Putin is accused of withholding vitally needed fuel to Europe.
  • Countries in Europe, notably the United Kingdom, are experiencing gas shortages countrywide.
  • Approximately 38% of Europe’s fuel is derived from Russia.
  • It is estimated that if Russia were to increase its fuel export by 15%, this would solve the crippling fuel shortage in Europe.
  • Putin has denied any wrongdoing, insisting he is interested in working to resolve Europe’s fuel crisis.
  • Critics say Russia is withholding fuel in order to dampen Europe’s economic recovery post-pandemic.
  • Another alleged reason is that Russia wants the EU’s approval for a new pipeline, Nord Stream 2.

Sources

CNBC

Bloomberg

Daily Mail

Tweets

Other Headlines:

France Could See Shift in Upcoming Presidential Election

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https://commons.m.wikimedia.org/w/index.php?search=map+of+france&title=Special:MediaSearch

  • The growing popularity of conservative politicians in France has many apprehensive about the 2022 presidential election.
  • Although France President Macron is polling in the lead, two names are garnering support, Marine Le Pen and Eric Zemmour. 
  • Zemmour has not formally declared candidacy, however his views on the supremacy of Christian and Fresh values has significantly catapulted his name ID.
  • Le Pen’s win projections have nosedived as rumors of Zemmour’s candidacy gain traction.

Sources

Al Jazeera

The New York Times

Reuters

Tweets

Trial of Giulio Regeni’s Murder to Commence on Thursday

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  • Three of Egypt’s National Security Agency (NSA) members and an officer of Cairo’s investigative police force will be on trial this Thursday in Rome for the murder of Giulio Regeni.
  • Regeni was a postgraduate student whose disappearance on January 25, 2016 in Cairo led to years of investigations.
  • Regeni’s body was found in Cairo with signs of torture on it.  His body was discovered only nine days after he disappeared.
  • The accused security forces members are Colonel Usham Helmi, Colonel Athar Kamel Mohamed Ibrahim, General Tariq Sabir, and Major Magdi Ibrahim Abdelal Sharif.  
  • None of the senior ranking officials is expected to attend the trial.  This is permissible as long as Italian prosecutors attempted to notify the accused of the charges.  Egyptian authorities have not provided the Italian prosecutors with the legal addresses of the four men. 

Sources

Al Jazeera

Tweets

Ireland’s Leo Varadkar Warns Other Nations Against Trade Deals with the UK

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  • Dominic Cummings insinuated that the UK’s intent all along was to dissolve the 2019 Brexit agreement it signed with the EU. 
  • This prompted Ireland’s deputy PM to caution governments against enacting trade deals with the UK because the nation does not keep its word.
  • According to the government, the deal did not work according to plan.
  • The UK government claimed the EU violated the Good Friday peace agreement when implementing the Northern Ireland Protocol. 
  • The UK now wants to change the Brexit deal to allow free movement of goods between Great Britain and Northern Ireland.

Sources

BBC

Tweets

Impeachment Proceedings Underway for Chile’s President Pinera

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  • Chile’s President Sebastian Pinera faces impeachment charges after the Pandora Papers leak connects him to a controversial sale of the Dominga mine in 2010.
  • The sale, which was under investigation for bribery and corruption charges as well as tax violations, took place during President Pinera’s first term.
  • The Pandora Papers contain reports from the findings of the International Consortium of Journalists (ICIJ).
  • Congressman Tomas Hirsch presented the accusations against the Chilean president to Congress’s lower house on Wednesday.
  • President Pinera has denied any connection to any business dealing related to Dominga Mining.
  • The approval or rejection of the indictment rests with the opposition-led Chamber of Deputies and will then progress to the Senate if approved.  The vote is expected to take place in the first week of November.

Sources

Al Jazeera

Tweets

China’s Ban on Bitcoin Mining Leaves US with Largest Share of Global Mining

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  • China placed a ban on Bitcoin mining in June, halting bank transactions and enacting bans on mining.
  • Since then, all Bitcoin transactions in China have been deemed illegal.
  • China’s share of Bitcoin mining made up nearly three-fourths of all global mining in September 2019.
  • The computing power Bitcoin mining requires results in large energy consumption, contributing to global emissions.
  • Global Bitcoin mining shares are now led by the US (35.4%), Kazakhstan (18.1%) and Russia (11%).

Sources

BBC

Tweets

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 2014
  • 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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US Stock Market Investing in the United States
  • 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 Koreas ballistic missile North Korea Victory Day 2013 01
  • 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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Black Sea port of Theodosiya panoramio
  • 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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