Hard Numbers

3.1 billion: For every dollar increase in the price of oil, Saudi Arabia nets an extra $3.1 billion in government revenue, according to Rapidan. The US decision to quit the Iran nuclear deal, which may send oil prices rising, could provide a welcome boost to the bank account of the Kingdom of Saudi Arabia.


66: Italy has now gone 66 days without a government since elections in March. The two anti-establishment parties shaking up Italian politics — Five Star and Lega — can’t agree to govern together, and both say they would reject a technocratic caretaker government appointed by the president. They both prefer fresh elections, an outcome that is now growing more likely every deadlocked day.

59: According to a new survey of 27 countries by BBC/Ipsos Mori, some 59% of people say that their countries are “more divided” politically and socially than they were ten years ago. Two-thirds of Europeans say so, the highest of any region in the world.

40: Argentina’s Central bank jacked up its interest rate to a whopping 40 percent earlier this week in a so-far unsuccessful bid to stop a slide in the national currency. Other emerging market currencies such as the Turkish lira, the South African rand, and the Indian rupee have also come under pressure as the US raises interest rates and fear of trade war rises.

44: This week, North Korean leader Kim Jong-un took his second trip to China in just 44 days. With more than 90 percent of North Korea’s trade dependent on China, you can bet Beijing is making its voice heard as negotiations heat up on the Korean Peninsula.


How will our cities and lives change in the future? What about a structure with a roller skating rink above a swimming pool, made out of transparent solar panels that power the entire park? This was the innovation invented by Eni's young researchers based on Luminescent Solar Concentrators, developed through Eni's research.

Watch the latest episode of Funny Applications, Eni's video series that imagines new uses for technology.

For 30 years, citizens of Hong Kong have gathered in Victoria Park on the evening of June 4 to honor the peaceful protesters massacred in Beijing's Tiananmen Square on that date in 1989. It has been the only public Tiananmen commemoration permitted on Chinese soil.

This year, the park was surrounded by barricades to keep people out. The officially stated reason for the shut-down? Crowds spread coronavirus. (In this city of more than 7 million, COVID has so far killed four people.)

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In an interview with GZERO World host Ian Bremmer, Hong Kong lawmaker Dennis Kwok, an outspoken pro-democracy advocate, expresses his concerns that the current "draconian" laws China's leadership is forcing upon his city has expedited the end of the "one country, two systems" policy established in 1997.

Ian Bremmer's Quick Take:

Big news, of course, that former Secretary of Defense Mattis comes out with a public statement basically calling Trump's rule, his actions, unconstitutional and unfit for office, more divisive than any president he's ever seen.

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French protests over racial injustice: The George Floyd protests in the United States have sparked solidarity demonstrations around the world, with people flocking to US embassies in Berlin, London and elsewhere to express their outrage. But they have also inspired other countries to reexamine racial justice within their own societies. In France, where street demonstrations are practically a national pastime, thousands of people have gathered in support of the family of Adama Traoré, a 24-year old black man who died in police custody back in 2016. At least 20,000 Parisians demonstrated Wednesday, despite coronavirus bans on public gatherings. Protesters adopted similar language to the Floyd protests, demanding accountability for the officers who violently pinned down Traoré during a dispute over an identity check, leading to his death. Renewed focus on this case, which has become a potent symbol of police brutality in France, comes as coronavirus lockdowns have recently stoked tensions between the police and the mostly-minority residents of Paris' banlieues (low-income suburbs).

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