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Hard Numbers: A power play in the Arctic, Nigeria-UAE pen trade deal, US used civilian-appearing plane in first boat strike, Former NYC mayor nets crypto windfall

​NTB/Cornelius Poppe via REUTERS

Norway's Queen Sonja views a travel direction signpost as she visits Bjornoya island of the Svalbard Norwegian archipelago, June 14, 2025.

NTB/Cornelius Poppe via REUTERS
1920: Norway is tightening its grip on Svalbard, a remote archipelago near the North Pole rich in rare-earths and vital for satellite and missile monitoring, in a bid to keep rivals out of the Arctic. The archipelago is part of Norway, but a 1920 treaty has allowed almost anyone to live there without a visa. Oslo is asserting more control in restricting voting rights from foreigners and blocking land sale to foreign buyers.

$2 billion: Nigeria and the UAE signed a deal on Tuesday aimed at expanding non-oil trade, a deal that includes a $2 billion climate fund to support Nigeria’s green-energy transition. The deal between one of Africa’s biggest economies and the Gulf state comes as Nigeria aims to hit net-zero greenhouse gas emissions by 2060.

11: When the Trump administration launched its first attack on an alleged drug-smuggling boat traveling from Venezuela last September, it did so using an aircraft that looked like a civilian plane – a move that could be deemed a war crime under international armed conflict standards. The attack killed 11 people. Administration officials rejected the claim of possible war crimes.

$2.5 million: Former New York City Mayor Eric Adams launched a memecoin yesterday and, after the token’s value skyrocketed, over $2.5 million of liquidity was withdrawn. The move has sparked accusations that the former mayor engaged in a “rug pull,” in which a famous figure or promoter hypes a token before cashing out and leaving investors with losses.

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Marcelo Garcia/Miraflores Palace/Handout via REUTERS
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US President Donald Trump and Federal Reserve Chair Jerome Powell speak during a tour of the Federal Reserve Board building as it undergoes renovations, in Washington, D.C., USA, on July 24, 2025.

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