News
September 15, 2020
500 million: Israel expects to boost its exports to the UAE to up to $500 million annually after normalizing ties with the Emiratis. Both countries — along with Bahrain, another Gulf nation that recently agreed to establish diplomatic ties with the Jewish state — made the deal official on Tuesday by signing the Abraham Accords.
87: The US West Coast currently has 87 active large wildfires, with California and Oregon as the hit hardest states. California Governor Gavin Newsom has blamed the fires on climate change, while President Donald Trump (baselessly) questioned the science on global warming during a visit to the region.
250 billion: The World Trade Organization has ruled that the Trump administration broke WTO rules when it imposed $250 billion in additional tariffs on Chinese products in 2018. This is the first in a series of upcoming rulings in cases where countries have appealed against US tariffs, the cornerstone of Trump's protectionist trade policy.
1,500: Germany has agreed to take in 1,500 additional migrants from Greece, where thousands of asylum seekers are still homeless after a fire destroyed Europe's largest refugee camp, on the island of Lesbos. The final amount is ten times the number of migrants the German government was initially willing to accept.More For You
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The war in Iran is entering a more dangerous phase.
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In this Quick Take, Ian Bremmer breaks down the escalating US-Israel war with Iran and its ripple effects on global markets and supply chains.
As missiles fly and oil prices soar, the Iran war is exposing another major resource vulnerability in the Middle East: water. Fresh water has been a scarce commodity in a region defined by a dry climate and low rainfall, but attacks on the region’s desalination plants, which convert seawater into drinking water, threaten to open a new front.
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