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Daily Memo: Britain Reaches Out to Southeast Asia, China’s Supply Chain Woes Show Progress
Southeast Asia tour. British Foreign Secretary Liz Truss arrived on Sunday in Malaysia as part of a weeklong tour of Southeast Asia. Truss said London wants to develop stronger ties with the future “engine of the global economy.” Her trip, which will also include stops in Thailand and Indonesia, will focus on defense and trade […]
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Daily Memo: Polish-Belarusian Border Gets Tense, China Holds Firm on ‘COVID Zero’
Standoff. Poland’s Defense Ministry said on Thursday that around 250 migrants were spotted across the border in Belarus guarded by Belarusian soldiers who threatened to open fire at Polish troops. The European Union has accused Minsk of helping migrants cross its borders into EU member states in retaliation for EU sanctions against Belarus. In September, […]
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Daily Memo: Relief on the Way for Europe’s Gas Crunch
European replenishment. Russian President Vladimir Putin ordered Gazprom to refill European natural gas storage facilities beginning next month to help ease the Continent’s energy crunch. European gas prices declined following the announcement. Meanwhile, the European Union pledged to give Moldova 60 million euros ($70 million) to help the country deal with its own energy crisis. […]
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Daily Memo: Poland Invests in Its Military, Ukraine Targets Rebels With Turkish Drones
Boost for the Polish army. The Polish government unveiled a plan to increase its defense budget and more than double the size of its army. Though it didn’t specify by how much the budget would rise, officials reportedly said it would total more than 2 percent of gross domestic product. The country’s deputy prime minister […]
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Daily Memo: Cyberattack Targets Iranian Fuel, Beijing Reaches Out to the Taliban
Cyberattack in Iran. A cyberattack forced the closure of gas stations across Iran on Tuesday. The attack made it impossible to purchase subsidized fuel using government-issued electronic cards, which many Iranians rely on for fuel. Authorities initially called it a technical failure, but local media, citing sources close to Iran’s Supreme National Security Council, later […]
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Daily Memo: Beijing’s Latest Target, Brussels Eyes Taiwan Investment Deal
China targets financial press. Beijing has removed respected financial news outlet Caixin from a list of approved sources that can be republished by online news services in China. The financial press has traditionally been given a much wider berth than other media in China in the interest of keeping foreign investors happy, and Caixin in […]
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Daily Memo: North Korea’s Latest Test Launch, Poland’s Prime Minister Defends Court Ruling
Pyongyang’s ballistic missiles. North Korea test-launched another pair of ballistic missiles into the Sea of Japan on Tuesday. The projectiles, which were launched near the North’s main submarine base at the east coast city of Sinpo, appear to be submarine-launched ballistic missiles, which is a notable development and has long been a key goal for […]
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Daily Memo: Chinese Missile Tech, Austin’s Black Sea Tour
China’s leap forward. China reportedly caught the U.S. off guard by testing a sophisticated new nuclear-capable hypersonic missile in August, according to the Financial Times. The hypersonic glide vehicle purportedly fully circled the globe in low-earth orbit once before going after its target, which it narrowly missed. If true, this would be considered a major […]
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Daily Memo: Coal Shortages in China and India
Roadblock. China’s attempts to resolve its ongoing power crunch hit a new snag. New flooding in the central Shanxi province over the weekend shut down a number of coal mines, hitting China’s plans to offset the loss of coal imports with a surge in domestic output. This came just as regulators were temporarily lifting caps […]
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Beyond Bed, Bath & Beyond’s Supply Chains
Last week, Bed, Bath & Beyond stock was at $24 per share. It closed on Wednesday at $14. As an expert in markets, I know that this is bad. But before we consider why this happened, we need to consider why this retail chain has not only survived but flourished. I know of Bed, Bath […]
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Daily Memo: Chinese General Dies, NATO Lodges Espionage Allegations
High altitude. A Chinese general formerly in charge of China’s Western Theater Command, which oversees the disputed Himalayan border with India, reportedly died last week. The general, Zhang Xudong, stepped down from command in June, and there’s some speculation that the harsh conditions involved with high-altitude Himalayan operations played a role. His replacement stepped down […]
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Daily Memo: The ‘Taiwan Agreement,’ Russian Gas Games
Agreeing to disagree. U.S. President Joe Biden and Chinese President Xi Jinping spoke Tuesday and, according to Biden, agreed to preserve the “Taiwan agreement,” an apparent reference to the long-held “One China” policy in which the U.S. officially recognizes Beijing so long as it agrees to allow Taiwan’s future to be resolved peacefully. This came […]
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