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Erik Prince, founder of Blackwater, attends a police and military presentation, in Guayaquil, Ecuador April 5, 2025.
What We’re Watching: Haiti turns to foreign fighters, China’s economy slumps, protests flare-up in Serbia
Haiti turns to foreign guns as gangs tighten grip
Blackwater founder Erik Prince is ramping up his private security firm’s presence in Haiti, deploying hundreds of fighters from the US, Europe, and El Salvador to battle gangs controlling much of the country. Prince’s Vectus Global, active there since March, says it’s working under a 10-year deal with Haiti’s government, including a role in tax collection. The move — involving snipers, helicopters, and drones — comes after gangs toppled the government in February, causing ongoing chaos in Port-au-Prince.
The stakes of China’s economic slowdown
China’s economy stumbled in July, with factory output hitting an eight-month low, though still 5.7% higher year-over-year than the previous July. The relative slowdown reflects weakening domestic demand, property sector woes, extreme weather, and fierce market competition — compounded by uncertainty over Donald Trump’s trade policy. Beyond the economic hit, analysts note that prolonged weakness could limit Beijing’s ability to come into impending trade talks on strong footing.
Tension in Serbia flare
Tensions in Serbia escalated this week after supporters of President Aleksandar Vučić and his ruling Serbian Progressive Party (SNS) hurled flares at anti-government protestors late Wednesday. The violence follows nine months of demonstrations sparked by the deadly collapse of a train canopy in Novi Sad that killed 16 last year – an incident which protestors have blamed on state corruption and mismanagement. With Serbian Prime Minister Miloš Vučević having already resigned earlier this year, we’ll be watching to see if Vučić can outlast this growing political crisis.