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Putin issued an initial decree in March 2022 forcing buyers of Russian gas to pay for deliveries via Gazprombank through a scheme involving payments in roubles.

Foreign clients of Russian gas feel the heat of US Gazprombank sanctions

By: EBR | Friday, December 6, 2024

Russian President Vladimir Putin cancelled the option for buyers of Russian gas to convert currency into roubles at Gazprombank

These upcoming deals may first of all make him very rich, next add formidably to the wealth of his children and finally provide a bonanza to a group of vastly rich and fawning tycoons surrounding the Trump clan.

The Trump Era of Crony Capitalism

By: EBR | Thursday, December 5, 2024

Donald J. Trump, who relishes nothing so much as a great deal, is setting the stage for an triple avalanche of transactions

China’s Commerce Ministry condemned the move, accusing the US of “abuse” of export controls and posing “a significant threat” to the stability of global industrial and supply chains.

China hits out at latest US effort to block Beijing’s access to chip technology

By: EBR | Wednesday, December 4, 2024

The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors

Six South Korean opposition parties said they would submit Yoon’s impeachment bill on Wednesday, the Democratic Party said in a message to reporters, with voting to take place on Friday or Saturday.

South Korean president faces impeachment calls after martial law debacle

By: EBR | Wednesday, December 4, 2024

South Korean lawmakers called on President Yoon Suk Yeol to resign or face impeachment after he declared martial law only to reverse the move hours later

Still, Fed officials believe that borrowing costs are still too high, according to recent speeches, which means they’ll deliver a few more rate cuts to ease the grip on the economy.

Why Trump’s tariff plans could lead to higher interest rates

By: EBR | Tuesday, December 3, 2024

President-elect Donald Trump’s promise to impose stiff tariffs against America’s three biggest trading partners is widely expected to push prices higher

Speaking to reporters in Kazakhstan, Putin castigated President Joe Biden for creating “additional difficulties” for the incoming Trump administration, after Biden gave Ukraine permission to fire longer-range American missiles, called ATACMS, at targets deep inside Russia.

Russian President Vladimir Putin says Trump is ‘intelligent and experienced,’ capable of finding ‘solutions’

By: EBR | Friday, November 29, 2024

Russian President Vladimir Putin on Thursday praised US President-elect Donald Trump as an “intelligent and experienced” politician capable of finding “solutions,”

A Chinese ship, the Yi Peng Three, is believed to have been in the area at the time and has since been anchored in international waters off Denmark.

Sweden asks China to co-operate over severed cables

By: EBR | Friday, November 29, 2024

Sweden has formally asked China to co-operate with an investigation into damage to two cables in the Baltic Sea after a Chinese ship was linked to the incidents

So Huawei could still use the Android operating system, which is an open source, but no longer use supporting services such as the Play Store app store or integration with services such as Google Maps or Gmail.

Huawei breaks away from the West

By: N. Peter Kramer | Thursday, November 28, 2024

China’s Huawei launched its first smartphone, Mate70, that runs entirely on its own operating system

Across the Balkans, autocrats would find it easy to align with Grenell’s transactional style, toning down nationalist rhetoric while capitalizing on economic opportunities.

New Winds From Washington? The Western Balkans at a Crossroad

By: EBR | Wednesday, November 27, 2024

Despite expectations, Richard Grenell, who was special presidential envoy for Serbia and Kosovo peace negotiations during U.S. President-elect Donald Trump’s first mandate, was not nominated for secretary of state

Now, with Trump months away from retaking office, what had appeared to be a juggernaut has been greatly diminished. Contending with property, debt and deflation challenges, China doesn’t look ready for another fight.

China is armed and ready for trade war 2.0 with Donald Trump

By: EBR | Monday, November 25, 2024

In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high

“COP29 will be remembered as a start of a new era for climate finance,” said the EU’s chief negotiator, Climate Commissioner Wopke Hoekstra, in his closing remarks to the Baku assembly.

COP29 outcome: EU upbeat on finance, disappointed on climate action

By: EBR | Monday, November 25, 2024

After the COP29 global climate talks in Azerbaijan concluded at 3am local time on Sunday (24 November), the EU welcomed a deal to triple global climate finance until 2035 to $300 billion

The idea that freezing Ukraine’s NATO membership would advance peace is premised on the assumption, which has been proven empirically wrong, that NATO membership, or the prospect thereof, was the cause of war.

Taking the Pulse: Would Freezing Ukraine’s NATO Membership Process Advance Peace?

By: EBR | Monday, November 25, 2024

Support for negotiations toward a ceasefire between Russia and Ukraine has been growing in the West

Many of President-Elect Donald Trump’s appointments do not augur well either for American democracy or a solid maintenance of American power. All too often, the driving force behind those appointments seems to be a curious mixture of personal pettiness and vengeance.

Trump: How Fast from Farce to Tragedy?

By: EBR | Friday, November 22, 2024

In an 1852 essay, Karl Marx famously remarked that all great events and personalities in history occur twice – once as tragedy and the second time as farce

Recognising the need for a voice to address such challenges, the European Cancer Organisation (ECO) has created a new “Focused Topic Network on Emergencies and Crises” so that the cancer community can “better anticipate and prepare for the urgent needs of cancer patients in emergency situations.”

Action plan set to be unveiled to help cancer patients in conflict zones

By: EBR | Thursday, November 21, 2024

The Covid-19 pandemic and the war in Ukraine have had a significant impact on cancer patients

But to what extent is China “the problem” regarding critical mineral supply chains? This question should not be addressed through a one-sided, geopolitical lens; it requires a more nuanced understanding of China’s multifaceted critical mineral strategies.

Why China’s critical mineral strategy goes beyond geopolitics

By: EBR | Tuesday, November 19, 2024

China’s position at the centre of global supply chains and current geopolitical tensions have led major economies to start “de-risking” from China

During his visit to South America, Macron stated at Buenos Aires airport that France would not “sign the EU-Mercosur free trade agreement as it stands,” a stance shared across French political parties.

France won’t sign EU-Mercosur agreement, confirms Emmanuel Macron

By: EBR | Monday, November 18, 2024

As expected, France will not sign the free trade agreement between the European Union (EU) and Mercosur in its current form, President Emmanuel Macron announced

This calls for a recalibration of the transatlantic relationship, particularly as China emerges as the central challenge in trade, technology, and security, which have been pillars of the Euro-American alliance.

Toward a Transatlantic Deal on China

By: EBR | Thursday, November 14, 2024

When it comes to China, the United States and Europe seem to increasingly be on a collision course

Canada, rich with high-grade deposits, could become a nuclear “superpower”. But can its potential be realised?

Why Canada could become the next nuclear energy ’superpower’

By: EBR | Thursday, November 14, 2024

Uranium is making a comeback thanks to a renewed focus on nuclear energy as a climate crisis solution

Nasa’s Uranus probe is expected to arrive by 2045, which is when scientists hope to find out whether these far-flung icy moons, once thought of as being dead worlds, might have the possibility of being home to life.

New study on moons of Uranus raises chance of life

By: EBR | Tuesday, November 12, 2024

The planet Uranus and its five biggest moons may not be the dead sterile worlds that scientists have long thought

If Trump does not want to go down as a loser, and that is against his elemental nature, he must be sure that he defines his key opponent. Only amateurs believe that Trump sees the rest of the Republican field – “losers” as he called them – as his opposing number.

Trump’s Winning Formula In 10 Points: A Political Psychogram of the 2016 Race

By: EBR | Tuesday, November 12, 2024

Men fear failing their families as providers. Trump casts himself subliminally as a super-provider

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EU Actually

The digital euro is coming and that’s bad news

N. Peter KramerBy: N. Peter Kramer

ECB President Christine Lagarde announced that EU legislation must be finalised in October to make sure nothing is standing in the way of the digital euro

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The problems with European Security Guarantees for Ukraine

The problems with European Security Guarantees for Ukraine

The coalition of the willing has raised unrealistic expectations about its support for Ukraine, setting itself up for failure. To build a credible deterrent and contain Russia, Europeans and partners must revise their approach and help Trump strengthen his negotiating position

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