China
Hard Numbers: Biden’s pardon powers, Beijing learns from Shanghai, Japan unveils relief package, Russia’s “anti-gay” machoism
US President Joe Biden
REUTERS/Evelyn Hockstein
3: Using his executive clemency powers for the first time, President Joe Biden on Tuesday pardoned three people and shortened scores of other sentences. The most high-profile person to get clemency was Abraham W. Bolden, the first Black Secret Service agent to serve in a presidential detail. He was found guilty of bribery charges but has maintained his innocence. The other two pardonees were incarcerated for drug-related offenses.
20 million: With just a few dozen cases identified, authorities will test Beijing’s 20 million residents for COVID-19 in an attempt to avoid the citywide lockdown seen in Shanghai, which caused widespread social dislocation and a government backlash. Concurrent lockdowns in Shanghai and Beijing would further disrupt China’s economic output.
8: Vitaly Milonov, the lawmaker who pioneered Russia’s anti-gay “propaganda” legislation, which banned the “promotion of non-traditional sexual relations,” is hosting a new YouTube show called “I’m not gay.” The weird series tests the heterosexuality of eight participants with the aim of outing the one among them who’s indeed gay.
6.2 trillion: Japan’s government unveiled a 6.2 trillion yen economic relief package to help families and small businesses deal with the rising cost of living as a result of the pandemic and the war in Ukraine. The yen’s value against the US dollar has tumbled to a 20-year low, creating disagreement among policymakers on whether Tokyo should continue its tactic of pursuing a weaker currency for its export-reliant economy.2026 is a tipping point year. The biggest source of global instability won’t be China, Russia, Iran, or the ~60 conflicts burning across the planet – the most since World War II. It will be the United States.
The UAE and Saudi Arabia were once on the same side in Yemen, but no longer. The split has exposed a larger regional rift between the two oil-rich, Gulf powers.
Walmart’s $350 billion commitment to American manufacturing means two-thirds of the products we buy come straight from our backyard to yours. From New Jersey hot sauce to grills made in Tennessee, Walmart is stocking the shelves with products rooted in local communities. The impact? Over 750,000 American jobs - putting more people to work and keeping communities strong. Learn more here.
Is Venezuela entering a real transition or just a more volatile phase of strongman politics? In GZERO’s 2026 Top Risks livestream, Risa Grais-Targow, Director for Latin America at Eurasia Group, examines Delcy Rodríguez’s role as Venezuela's interim president after Nicolás Maduro.