South Pacific

Daily Memo: Good News for German Industry?

German industry. Germany’s purchasing managers’ index rose to 46.7 in November from 45.1 in October, jumping for the first time since the war in Ukraine and defying expectations of further decline. (Anything above 50 indicates growth.) In part, the results are due to slower growth in input prices and reduced lead times for materials. Still, […]

Daily Memo: Russia Pulls Out of Kherson

Russian retreat. Russia’s Defense Ministry announced on Wednesday that its troops would withdraw from the Ukrainian city of Kherson, saying the move was necessary...

Daily Memo: Russia and Turkey’s Payment Plan, Australia’s New Defense Doctrine

Payment plan. Turkey’s energy and natural resources minister announced that Ankara and Moscow have reached an agreement on the issue of payments in national...

Daily Memo: Rising Tensions on the Korean Peninsula

Heating up. South Korea’s military said North Korea fired about 80 artillery rounds into a maritime buffer zone overnight. On Friday, South Korea scrambled...

Daily Memo: Ukrainian Grain Leaves Port Despite Deal Suspension

Deal is off. Russia announced over the weekend that it was suspending its participation in a U.N.-backed deal that facilitated the transport of Ukrainian...

Daily Memo: US Oil Exports, China’s COVID Containment Measures

Record exports. The U.S. exported a record volume of crude oil last week. Oil and refined products exports reached 11.4 million barrels per day,...

Daily Memo: China Concludes Its National Congress

Congress closes. The Chinese Communist Party concluded its 20th National Congress on Sunday. On the closing day, Xi Jinping was given an unprecedented third...

Daily Memo: Eurasian Leaders Meet, EU Budget Concerns

Summit in Yerevan. The heads of government of the Eurasian Economic Union (Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan) met on Friday in Yerevan. They...

Daily Memo: Australia and Japan to Sign Defense Deal, Belarus Reinforces Border

Quad cooperation. Australia and Japan will sign a defense agreement this weekend, strengthening military cooperation between the two allies. The deal is expected to...

Daily Memo: Russia Attends to Armenia-Azerbaijan Conflict, Turkey as a Gas Hub

Spheres of influence. Meetings continue at the Commonwealth of Independent States summit in Astana, Kazakhstan. The latest highlights: Russian President Vladimir Putin has invited...

Daily Memo: US Inflation Ticks Up

Persistent inflation. U.S. consumer prices accelerated on a monthly basis in September, defying expectations of a continued slowdown. The consumer price index rose 0.4...

Daily Memo: Ukraine Update

Russian retaliation. Russia’s Ministry of Defense announced a massive strike on targets related to Ukraine’s military command, communications and energy infrastructure following the strike...

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