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What We’re Watching: Milei deepens Israeli ties, China scales back on Nvidia, Russia doubles down on Ukraine

​Argentina's President Javier Milei speaks during the CPAC (Conservative Political Action Conference) in Balneario Camboriu, Santa Catarina state, Brazil, July 7, 2024.

Argentina's President Javier Milei speaks during the CPAC (Conservative Political Action Conference) in Balneario Camboriu, Santa Catarina state, Brazil, July 7, 2024.

REUTERS/Anderson Coelho
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Milei seeks to spread Israel sympathies across LatAm

Milei seeks to spread Israel sympathies across LatAmAs several nations become increasingly critical of Israel’s tactics in Gaza in recent weeks, one is going in the other direction: Argentina wants to enhance Latin American ties with the Jewish state, via a $1-million initiative called the Isaac Accords. The program will hand research grants to pro-Israel projects conducted in Latin America. Argentine President Javier Milei aims to further expand his goodwill toward Israel next year by expanding the Isaac Accords to more regional countries.

China pressures tech giants over Nvidia AI chip orders

Beijing is demanding Chinese tech firms, including Alibaba and ByteDance, justify purchases of Nvidia’s H20 AI chips. China would prefer that the firms buy domestically. The move follows a deal allowing Nvidia to resume H20 sales in China by paying 15% of revenues to the US government. Now the Chinese scrutiny is prompting some companies to scale back orders, potentially cutting Nvidia’s China market share to 55% this year from 66% in 2024, amid ongoing US-China tech tensions.


Russia doubles down on Ukraine ahead of Alaska summit

In what seems to be an attempt to maximise its territorial gains ahead of Russian President Vladimir Putin’s upcoming summit with US President Donald Trump in Alaska, the Kremlin launched a fresh push in eastern Ukraine this week. The advance comes as Trump renewed his calls for both Moscow and Kyiv to cede territory for a potential peace deal. But while Putin may be showing resolve on the battlefront, he appears to face economic troubles at home: Russia has reportedly enlisted tens of thousands of North Koreans to fill labor shortages as its traditional workforce is increasingly pulled to the frontline.

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Members of the Coalition of the Willing meeting in Kyiv, Ukraine

Luxembourg's Prime Minister Luc Frieden, Moldova's President Maia Sandu, Finland's President Alexander Stubb, British Prime Minister Andy Burnham, Ukraine's President Volodymyr Zelenskiy, Ukraine's Prime Minister Sergii Koretskyi, EU Council President Antonio Costa and Lithuania's President Gitanas Nauseda, Latvia's Prime Minister Andris Kulbergs and Sweden's Foreign Minister Maria Malmer Stenergard attend the Coalition of the Willing meeting, in Kyiv, Ukraine, August 24, 2026.

HENRY NICHOLLS/Pool via REUTERS
“Coalition of the Willing” summit begins in KyivThe gathering today, which falls on the 35th anniversary of Ukraine’s independence from the Soviet Union, brings together nearly three dozen European countries supporting Ukraine with financial and military aid against Russia. Top on the agenda is Kyiv’s urgent request for more air defenses ahead of [...]
U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting.

U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025.

REUTERS/Evelyn Hockstein
China rebuffs US economic threats over Iran Earlier this week, US President Donald Trump threatened “tremendous economic consequences” for countries that do business with Iran as Washington tries to squeeze Tehran economically. China, Iran’s biggest trading partner, quickly rejected the warning. On Thursday, Beijing said that US pressure would not [...]
Zhuque-3 rocket by China’s private rocket firm LandSpace, takes off from the Jiuquan Satellite Launch Center.

Zhuque-3 rocket by China’s private rocket firm LandSpace, takes off from the Jiuquan Satellite Launch Center, China, December 3, 2025

LandSpace/Handout via REUTERS
China wants to reduce, reuse, and recycle — rocketsChinese aerospace company LandSpace successfully recovered the first stage of a rocket on land for the first time on Wednesday, marking a major step toward reusable rockets. Reusability is crucial in the growing space race because it can dramatically reduce the cost of putting satellites into [...]
Ukraine's Minister of Defence Mykhailo Fedorov speaks at a joint press conference with his Swedish counterpart Pal Jonson (not pictured), amid Russia's attack on Ukraine, in Kyiv, Ukraine.

Ukraine's Minister of Defence Mykhailo Fedorov speaks at a joint press conference with his Swedish counterpart Pal Jonson (not pictured), amid Russia's attack on Ukraine, in Kyiv, Ukraine, July 1, 2026.

REUTERS/Alina Smutko
Zelensky faces mounting election pressureUkrainian President Volodymyr Zelensky finds himself between a rock and a hard place after recently fired Defense Minister Mykhailo Fedorov publicly called for new elections on Tuesday. Zelensky declared martial law shortly after the war began, which bans elections for security reasons. Critics have said [...]