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Serbian president name-checks Assad, vows not to flee amid protests
FREIBERG, GERMANY - DECEMBER 10: Serbian President Aleksandar Vucic and German Chancellor Olaf Scholz (not pictured) speak to the media following talks over lithium mining on December 10, 2024 in Freiberg, Germany. Germany and Serbia will be cooperating in the sustainable mining of lithium, a critical substance for the production of batteries for electric cars. A company called Zinnwald Lithium GmbH intends to mine up to 15,000 tons of lithium annually in the region of Saxony near Freiberg, enough to build one million electric car batteries. Serbia also has extensive lithium deposits.
Serbian President Aleksandar Vučić on Tuesday said he would not flee in the face of demonstrations against his administration. “If they think I’m Assad, and that I’ll run away somewhere, I will not,” he said. Comparing oneself to the brutal Syrian ex-strongman wasn’t great PR – though in fairness, no one is accusing Vučić of gassing children or torturing civilians like Assad – and many Serbians are protesting persistent corruption in Belgrade.
The most recent wave of unrest started with a roof collapse at a train station that killed 15 people in the city of Novi Sad on Nov. 1. Opposition leaders seized on the tragedy to accuse Vučić’s ruling coalition of nepotism and graft that led to corners being cut on public construction projects, leaving them dangerously shoddy. The station in Novi Sad had been renovated as part of a wide deal with Chinese state companies to upgrade Serbian infrastructure.
Every Friday, protesters now blockade streets in Belgrade, Novi Sad, and other major cities, some holding signs accusing Vučić of corruption and portraying him with blood on his hands, and thousands turned out to mark the one-month anniversary of the collapse. Police have fired tear gas at demonstrators, and pro-government groups have attempted to escalate peaceful protests.
Will Vučić stick to his word? Probably. He’s weathered prolonged popular unrest before, including just last year. More than five months of demonstrations following a series of mass shootings managed to push out a few underlings, but not Vučić. We’re watching for a sacrificial lamb.
Brazil’s Lula goes under the knife. Is he healthy enough to run again?
FILE PHOTO: Brazil's President Luiz Inacio Lula da Silva attends a signing ceremony for an addendum to the works on the Transnordestina railway, at the Planalto Palace in Brasilia, Brazil November 28, 2024.
On Tuesday, Brazilian President Luiz Inácio Lula da Silva underwent a successful craniotomy in Sao Paolo after complaining of a severe headache. The 79-year-old leader was diagnosed with an intracranial hemorrhage — basically, bleeding in the brain — linked to a fall he suffered in October. He is said to be recovering well and is expected to be able to return to work next week — but the health scare is opening questions about his political future.
Can Lula keep a healthy image? On the campaign trail, he often joked that he had the energy of a 30-year-old, but his vitality will now loom large in public discourse. Running Latin America’s largest country is a stressful, 24/7 job, and with elections looming in 2026, the politicos in Brasilia may start hearing echoes of Joe Biden.
Lula’s approval ratings are considerably higher than Biden’s were during the US campaign — Bloomberg has him at 47% approval — but in the anti-establishment environment that has dominated elections in 2024, the old warhorse might do better out to pasture. That said, most presidents don’t get elected without a healthy ego, and no one expects Lula to see himself out.
Who could step in? If Lula should experience further health problems that lead him to step down before the end of his term, Vice President Geraldo Alckmin would be his constitutional successor, but not a member of Lula's party or popular with his base. Longer term, we’re watching Finance Minister Fernando Haddad, a close ally of Lula’s who is rumored to be the president’s favorite for a running mate in 2026.Israeli Prime Minister Benjamin Netanyahu smiles as he prepares to testify in his trial on corruption charges at the district court in Tel Aviv on Dec. 10, 2024.
Israel has launched over 350 airstrikes this week targeting naval bases, ships, ammunition depots, and weapon facilities across Syria, devastating the Syrian Army’s remaining capabilities, according to the UK-based Syrian Observatory for Human Rights. Israel claims it has destroyed most of Syria’s strategic weapons stockpiles and says the strikes were designed to prevent weapons from falling “into the hands of extremists.”The UN has also raised alarms over the security of chemical weapons stockpiles that are currently unaccounted for.
“If this regime allows Iran to re-establish itself in Syria, or permits the transfer of Iranian weapons or any other weapons to Hezbollah, or if it attacks us … we will exact a heavy price,” Israeli Prime Minister Benjamin Netanyahu warned.
The IDF also confirmed that it seized a 155-square-mile buffer zone inside Syria to prevent attacks in the aftermath of Assad’s ouster. Qatar, Turkey, and Egypt have all condemned Israel’s actions while the US and UK support them, with UK Foreign Secretary David Lammy saying “there are legitimate security concerns for Israel, particularly in the context of a country that has housed ISIS, and al-Qaida.”
Back in Tel Aviv, Netanyahu took the stand on Tuesdayat his corruption trial. He’s facing charges of fraud, bribery, and breach of trust that will demand six hours a day of testimony, three days a week for several weeks, raising questions about Bibi’s ability to run the country. Netanyahu called the charges “an ocean of absurdness,” while protesters outside labeled him a “Crime Minister.” Verdicts are not expected before 2026 and could be appealed to the Supreme Court. If convicted, the 75-year-old Netanyahu could face several years in prison.
Marine Tondelier, of Les Ecologistes party, talks to journalists next to colleagues as they leave a meeting at the Elysee Palace in Paris on Dec. 10. They had met with the French president as part of consultations aimed at appointing a new prime minister.
France finds itself unable to form a government and pass a budget because Macron called an election for July that empowered both right- and left-wing hardliners with no political bloc winning a majority. France has no prime minister at the moment because these hardliners ousted Michel Barnier – who held his post for just 90 days – in a no-confidence vote. That’s the shortest tenure for any PM in the history of France’s Fifth Republic, which began in 1958.
For now, France’s Green Party says it won’t join a “national interest” government. The Socialists insist they will only support a left-wing prime minister, a non-starter for conservatives.
A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York.
The Biden administration, which reportedly brokered the deal earlier this year, did so to box out the Chinese government, which has sought to expand its influence with the Persian Gulf’s technology sector. In exchange, G42 has been working to assure US authorities that it can be trusted, despite ties to China.
In greenlighting the latest export, which has not yet been formally announced by the US Commerce Department, the administration will place extensive prohibitions on who can access Microsoft’s facility in the UAE, including China, its officials, and any sanctioned individuals. It’s not yet clear which company’s chips Microsoft will be exporting.
The NVIDIA logo seen at the American GPU manufacturer NVIDIA Taipei office.
The California-based chip giant is negotiating with Taiwan Semiconductor Manufacturing Company, or TSMC, the world’s top contract chipmaker, to manufacture its top-of-the-line Blackwell AI processors at TSMC’s Arizona facility. TSMC has invested billions to bring its high-tech manufacturing to the Southwest US, thanks in part to a $6.6 billion cash infusion from the Biden administration as part of the CHIPS and Science Act. Apple and AMD have reportedly already signed on to get their chips made in the Arizona plant when it starts production in the first half of 2025. That said, the chips won’t be entirely made in America: Final packaging is done back in Taiwan, which complicates and prolongs an already lengthy manufacturing process.
Halfway around the world, Nvidia CEO Jensen Huang met with the Thai and Vietnamese prime ministers last week as the company makes inroads in Southeast Asia. Nvidia also announced plans to establish Nvidia’s first research and development center in Vietnam, along with the acquisition of Vietnamese healthcare startup VinBrain for an undisclosed sum. In Thailand, the company signed a cloud deal with a company called SIAM.AI Cloud. Huang also emphasized the importance of “sovereign AI,” meaning that every country should have its own AI infrastructure and models.
In China, however, Nvidia is facing new scrutiny: The State Administration of Market Regulation is reportedly investigating whether the chipmaker violated antitrust laws when it acquired the Israeli-American company Mellanox in 2020. China previously gave conditional approval of the nearly $7 billion deal, but more than four years later, with the US restricting Nvidia from selling its most powerful chips to Chinese companies, the country is seeking new ways to gain leverage. A Nvidia spokesperson said the company is “happy to answer any questions regulators may have about our business.”
David Sacks, former CEO of Zenefits, is seen here speaking at a 2016 TechCrunch Disrupt in San Francisco, California.
Sacks will not be full-time in the role and will stay at his fund, Craft Ventures, but he will assume a lofty portfolio that covers two of the hottest topics in tech policy: artificial intelligence and crypto. President Joe Biden spent the second half of his term getting his departments and agencies to develop rulemaking on AI — and figuring out how to adopt the technology for their own purposes.
Meanwhile, Gary Gensler, Biden’s Securities and Exchange Commission chair, has ramped up enforcement of fraud in the crypto industry — though he’s stopped short of any sweeping shutdown of the coins. Trump’s election, promises of deregulation, and his personal interest in crypto have led to the skyrocketing price of many cryptocurrencies, including bitcoin.
Trump will take a deregulatory approach to both artificial intelligence and crypto, but it’s up to Sacks to coordinate across a sprawling bureaucracy and determine how to execute that goal. As a Silicon Valley stalwart, and one who has not severed business ties to join the government, Sacks will soon be the face of Trump’s tech policy, likely a heavy hand rolling back rules and regulations started under Biden.