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Geoeconomics

Iran To Saudi Arabia: Sell Our Oil And We Will Reduce Houthi Attacks | SOURCE: OIL PRICE

Iran is looking to persuade its regional rival Saudi Arabia to help it to sell Iranian crude oil on international markets in exchange for limiting attacks from the Iran-aligned Houthi rebels in Yemen on Saudi oil infrastructure. Until the sanctions slapped on Iran’s oil exports by U.S. are in place, Iran is looking for alternatives to have its oil sold on the international markets.

SOURCE: OIL PRICE


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China eyes high-quality BRI cooperation with Kazakhstan | SOURCE: CGTN

China is willing to advance their Belt and Road Initiative projects in the post-pandemic era with Kazakhstan. The two sides should elevate their level of interconnectivity and explore new growth points in the fields including 5G, the big data, artificial intelligence, digital economy as well as new energy.

SOURCE: CGTN


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Last Chance: Sweden’s Ericsson May Be Blocked From China’s 5G Networks Amid Huawei Ban, Report Says | SOURCE: SPUTNIK

Swedish authorities excluded Huawei from spectrum auctions and building national 5G infrastructure along with numerous Five Eyes nations, citing alleged national security concerns. The decision has sparked criticism from Beijing, who could potentially retaliate by blocking the Swedish telecom from China’s 5G networks.

SOURCE: SPUTNIK


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EU, India to Combat China Belt and Road Initiative | SOURCE: NTD

The European Union and India are talking about a global infrastructure agreement. The move is seen as a competition to Beijing’s Belt and Road Initiative.

SOURCE: NTD


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Biden backs suspending patents on Covid vaccines | SOURCE: TELEGRAPH INDIA

The pharmaceutical industry argued that waiving intellectual property rights would not speed up vaccine production, pointing to other barriers like access to raw materials and distribution issues.

The Biden administration came out in support of waiving intellectual property protections for coronavirus vaccines, siding with international efforts to bolster production amid concerns about vaccine access in developing nations. Under President Donald Trump, the United States opposed the effort.

SOURCE: TELEGRAPH INDIA


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Turkish exports to Saudi Arabia near zero after informal boycott | SOURCE: AHVAL NEWS

Turkey’s exports to Saudi Arabia have dropped to almost zero after the Arab kingdom enforced an informal blockade on the goods. Meanwhile, Turkey is seeking to repair relations with Saudi Arabia, marred by a political crisis over the killing of dissident Saudi journalist Jamal Khashoggi and over policy in war-torn Libya, backing different sides in the conflict.

SOURCE: AHVAL NEWS


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U.K. and France Call in the Navy, Sort of, in Channel Islands Fishing Dispute | SOURCE: NEW YORK TIMES

French fishing boats at the entrance to the harbor in St. Helier, Jersey, on Thursday.Credit…Marc Le Cornu, via Reuters

An ugly spat over post-Brexit fishing rights has erupted between Britain and France, as naval ships from both countries converged in the waters off the island of Jersey, where dozens of French fishing boats were threatening to blockade a port. Relations between Britain and France had already soured on a range of issues as Britain and the European Union divorced.

SOURCE: NEW YORK TIMES


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China cuts high level economic dialogue with Australia ‘indefinitely’ | SOURCE: INDEPENDENT

FILE. A Chinese paramilitary police officer gestures and speaks over his two-way radio while standing at the entrance gate of the Australian embassy in Beijing on July 9, 2020. – China has suspended “indefinitely” its key economic dialogue with Australia.
(Photo by NICOLAS ASFOURI/AFP via Getty Images)

China has announced that it is “indefinitely” suspending a key economic dialogue with Australia. Relations have been on the decline since Australia pushed for a World Health Organisation probe into the origins of coronavirus and also banned Chinese smartphone maker Huawei from providing 5G technology for the country’s wireless networks. 

SOURCE: INDEPENDENT


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EUROPE

EUROPE:

  • The European Union has unveiled a plan to cut its dependency on Chinese and other foreign suppliers in six strategic areas like raw materials, pharmaceutical ingredients and semiconductors after the pandemic-induced economic slump.

SOURCE: TRT


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EUROPE:

EUROPE:

  • The European Union is planning to tighten the foreign investment rules in the bloc to make sure that local producers and industries are no longer undercut by non-EU investors that have faced slacker rules up to now. The plans will surely affect China, which has invested heavily in Europe.

SOURCE: AP NEWS


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