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SnapshotsJan 14, 2021 | 21:50 GMT
Targeting China’s third-largest oil company highlights the South China Sea’s importance to U.S. strategy, which is unlikely to change under Biden.
The U.S. Adds Chinese Oil Giant CNOOC to Its Export Blacklist
The U.S. Commerce Department added the Chinese National Offshore Oil Corporation (CNOOC) to its entity list on Jan. 14, effectively cutting off China’s third-largest oil company from U.S. exports. The move highlights the South China Sea’s importance to U.S. strategy, which will likely continue -- though not necessarily expand -- under U.S. President-elect Joe Biden. The Trump administration has significantly increased pressure on CNOOC in recent months, beginning in December when it added CNOOC to a separate U.S. Pentagon list of companies that are either owned by or controlled by the Chinese military, which will force certain U.S. investors to divest from CNOOC’s shares by mid-November. Just hours before the Commerce Department’s announcement, the S&P Dow Jones announced it was removing CNOOC from impacted indices to comply with a Jan. 13 presidential order banning U.S. investment into designated Chinese military-linked companies. As a result, major U.S. exchanges will likely delist
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SnapshotsJan 13, 2021 | 21:35 GMT
Farmers depart on their tractors to New Delhi to participate in ongoing protests against the Indian government's new agricultural reforms in Amritsar, India, on Jan. 12, 2021.
In India, Court-Ordered Mediation Won’t Appease Angry Farmers
The suspension of India’s controversial new farming laws to hear protesters’ grievances will delay, but not derail, the implementation of the much-needed agricultural reforms.  On Jan. 12, India’s Supreme Court indefinitely suspended the implementation of three key agricultural reforms and ordered the formation of a four-man committee to mediate the government’s disagreements with the farmers engaged in ongoing protests. Per the court order, the reforms will remain suspended until the committee is able to find a new way forward. In the meantime, however, farmers’ demands will remain unresolved, which will likely lead to continued protests and demonstrations against Prime Minister Narendra Modi and one of the key pillars of his broader reform push.
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SnapshotsJan 13, 2021 | 18:46 GMT
German journalist Tanja Samrotzki (right) moderates a panel with the candidates vying for the leadership post of Chancellor Angela Merkel’s Christian Democratic Union (CDU) party -- Friedrich Merz, Norbert Roettgen and Armin Laschet (from left to right) -- on Dec. 14, 2020, in Berlin, Germany.
Germany: What to Expect as Merkel’s Party Elects a New Leader
German Chancellor Angela Merkel’s conservative Christian Democratic Union (CDU) party will elect a new leader on Jan. 15-16. The ideological orientation of the new CDU leader could influence Germany’s domestic politics, as well as its relations with the European Union. The CDU is Germany’s most popular party and its leader stands a strong chance of becoming the country’s next chancellor after the Sept. 26 general election. In 2018, Merkel resigned as CDU leader and announced she would not seek another term as chancellor in 2021. During a virtual congress, the CDU’s 1,001 party delegates will elect a new leader. According to CDU tradition, the next party leader should also be the candidate for chancellor, though some members of the party are questioning this principle. 
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SnapshotsJan 7, 2021 | 18:13 GMT
An aerial view shows the ruins of a village on Jan. 5, 2021, in an area of Nagorno-Karabakh that was recaptured by Azerbaijan in October 2020.
Despite Violations, the Azeri-Armenian Cease-Fire Will Hold -- For Now
The Azeri-Armenian cease-fire will be undermined by both sides on the ground and in their capitals. But for now, Turkish-Russian cooperation and domestic problems in Armenia seem poised to prevent more large, state-on-state clashes. On Dec. 28, Azerbaijan said one soldier was killed by an Armenian armed unit in the disputed Nagorno-Karabakh region, violating the Nov. 10 truce. The clash followed several earlier incidents in December. Nagorno-Karabakh authorities accused Azeri troops of capturing some of their soldiers following clashes between Azeri and Armenian-backed forces between Dec. 11-13 that killed several soldiers on both sides. Azeri and Armenian authorities have begun regularly accusing one another of violating the truce that ended weeks of fighting and resulted in reported casualties on both sides.
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AssessmentsJan 6, 2021 | 19:01 GMT
Peruvians wearing masks to protect themselves from COVID-19 wait outside a bank to collect government aid bonuses in Iquitos, Peru, on June 15, 2020.
Peru's Economy Gets a Wake-Up Call. Will Its Leaders Listen?
Peru is a rare emerging market country that has time to address long-term issues without putting immediate growth at risk -- but only if it takes advantage of that grace period to act. Peru’s primary economic headwinds include reduced growth momentum, with concerns about the country’s long-term financial prospects and political stalemates delaying crucial economic reforms. Such headwinds could hamper fiscal deficit reduction if Peru cannot legislate tax increases or resist spending pressure. In addition, global GDP growth will determine the demand for commodities and metals prices.
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SnapshotsJan 5, 2021 | 19:34 GMT
A sign advises people to follow COVID-19 restrictions on Jan. 5, 2021, in Falmouth, the United Kingdom. In a televised address on Jan. 4, U.K. Prime Minister Boris Johnson announced the country was entering its third lockdown since the onset of the pandemic in early 2020.
The Next Wave of COVID-19 Lockdowns Emerges in Europe
The United Kingdom’s decision to tighten its COVID-19 lockdown measures and introduce a new relief package for businesses is a preview of similar decisions that governments in continental Europe will introduce in the coming days. The lockdown measures will result in low, or even negative, economic growth in Europe in the first quarter of 2021, which will worsen governments’ fiscal deficit and sovereign debt levels. On Jan. 4, U.K. Prime Minister Boris Johnson and Scotland’s First Minister Nicola Sturgeon announced stricter social distancing measures for England and Scotland, respectively, to cope with the rising number of COVID-19 infections. Then, on Jan. 5, the U.K. government announced a 4.6 billion pound ($6.2 billion) aid package for companies hardest hit by the tighter lockdown measures across the country. 
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SnapshotsJan 4, 2021 | 22:09 GMT
A South Korean-flagged tanker is escorted in the Persian Gulf after being seized by the Iranian navy on Jan. 4, 2021.
What to Make of the Latest Uptick in Iranian Aggression
Security risks, including threats to tanker traffic, in the Persian Gulf and Iraq will remain heightened after U.S. President-elect Joe Biden takes office, despite his intent to enter negotiations with Tehran. The uptick in Iranian nuclear and naval activity since Dec. 31 risks provoking a military response in the region from foreign actors, including a potential U.S. strike on Iranian soil. On Jan. 3, Acting U.S. Secretary of Defense Christopher Miller announced that the USS Nimitz would forgo its redeployment away from the Middle East due to “recent threats issued by Iranian leaders against President Trump and other U.S. government officials.” Although the Pentagon did not specify what Miller was alluding to, the comments come after a Dec. 31 statement made by Iranian President Hassan Rouhani was initially translated as saying Trump would be ousted from “life.” Iranian officials have since this was a mistranslation, specifying that Rouhani was referring to Trump’s
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Annual ForecastsJan 3, 2021 | 21:37 GMT
An image of the COVID-19 vaccine, President-elect Joe Biden, the Huawei logo, and a stock market sign
2021 Annual Forecast
The geopolitical environment in 2021 will be shaped by two global developments: the trajectory of the COVID-19 pandemic and the efforts by U.S. President-elect Joe Biden's administration to restore collaborative relationships across the globe.
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SITUATION REPORTDec 30, 2020 | 18:59 GMT
EU, U.K.: Brexit Deal Signed by Johnson and EU Leaders, Ratified by U.K. House of Commons 
European Commission President Ursula von der Leyen, European Council President Charles Michel and U.K. Prime Minister, Boris Johnson have signed the EU-U.K. trade and cooperation agreement, the Guardian reported Dec. 30. The U.K. House of Commons ratified the agreement by 521 votes to 73 on Dec. 30.  
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SITUATION REPORTDec 29, 2020 | 19:55 GMT
Australia: Government to Maintain Push for WHO Inquiry Into China’s Role in COVID-19
Australia will use the final months of its term on the World Health Organization (WHO)’s executive board to continue pushing for a robust inquiry into China's role in the origins of the COVID-19 pandemic, the government said, the Guardian reported Dec. 28, citing a statement made by the Australian government.
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