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People bathe in the sun under parasols on a beach near the city of Larnaca, Cyprus, on August 11, 2024.
HARD NUMBERS: UAE carries Cyprus’ water, China toughens trade stance, Trump admin ignores court order, Americans expect price hikes, Germany’s economy remains stagnant, South Korea’s ex-leader indicted
15,000: The United Arab Emirates is literally helping Cyprus navigate troubled waters by providing portable desalination plants to the Mediterranean island free of charge so it can supply enough water to the deluge of tourists set to visit this summer. The Emirati nation’s plants will reportedly produce 15,000 cubic meters of potable water per day. It’s unclear if the UAE is receiving anything in return – it seems happy to go with the flow.
$582 billion: China informed the United States that it must “completely cancel all unilateral tariff measures” if it hopes to begin talks over trade. Beijing had previously said that it was open to talks, without preconditions. However, on Friday, Reuters reported that Beijing would exempt some critical goods from its 125% and is asking its firms to identify imports they need to continue functioning --- though it stopped short of publicly making the first move in trade war de-escalation. Total trade between the two superpowers was $582 billion in 2024, but the sweeping new tariffs that each has slapped on the other is likely to force this number down.
2: In the latest clash between the Trump administration and the courts on immigration, the White House moved a Venezuelan man from Pennsylvania to Texas — possibly preparing to deport him — right after a judge ruled that the government couldn’t remove him from the commonwealth or the United States. The man, who wasn’t formally named, had been employed as a construction worker in Philadelphia for two months before his arrest in February on suspicion of being part of Venezuela’s Tren de Aragua gang.
77%: The price isn’t right: 77% of Americans expect President Donald Trump’s tariff plan to raise consumer prices, with 47% believing that consumer prices will “increase a lot,” according to an AP-NORC poll. Despite those numbers, 4 in 10 Americans still approve of Trump’s handling of the economy and trade negotiations.
0: In the wake of Trump’s tariffs, Germany announced on Thursday it was downgrading its predicted economic growth rate — the economy depends heavily on manufacturing exports — from 0.3% to 0.0%. If the prediction holds, 2025 will be the third straight year of stagnation for Europe’s largest economy.
217 million: Former South Korean President Moon Jae-in was indicted on Thursday on bribery charges, alleging that he received 217 million won ($151,705) from the founder of a low-cost airline. No, it wasn’t Turkish Airlines but Eastar Jet.Hard Numbers: US and Mexico reach water deal, Russia and Ukraine smash drone records, US students look abroad after Trump win, Indonesia’s new president walks non-aligned line, Haiti's interim leader fired
18: After 18 months of talks, the US and Mexico announced on Saturday that they have reached a new water-sharing agreement. The accord revises and makes more flexible a decades-old pact under which Mexico provides water from the Rio Grande to the US Southwest in exchange for water from the Colorado River. The breakthrough comes amid growing concerns about water scarcity on both sides of the border. (For more on the complicated (geo)politics of the Colorado River, see our report here).
84 and 145: Russia and Ukraine each launched their largest drone attacks ever against the other side this weekend. Moscow said it intercepted at least 84 Ukrainian drones, at least 34 of which were aimed at the capital city itself, while Kyiv said Russia had launched at least 145 unmanned craft of its own. Both sides said they shot down the majority of the other’s drones. The barrages come as both sides try to game out the impact of Trump 2.0, with the president-elect having pledged to end the war in “24 hours” when he returns to office.
500: The number of US students seeking to study abroad has spiked in the days since Donald Trump won the presidential election. A leading provider of information on foreign education opportunities reported that average inquiries jumped nearly 500% to 11,000 a day since last Tuesday night. College students were one of the few demographics that overwhelmingly supported Kamala Harris, with polls showing more than 70% favoring the vice president.
10 billion: Indonesia’s new president hailed cooperation with China, signing $10 billion in new business and security deals with the country at a forum in Beijing on Sunday. Prabowo Subianto, a former army general and businessman who took office last month, has praised China’s emergence as a “civilizational power” but also said Indonesia would remain “non-aligned.” His first trip abroad as president will take him from Beijing to Washington, DC, and then to South America and the UK.
6: Haiti’s interim Prime Minister Garry Conillewas fired on Sunday after just six months on the job. The country’s transitional council, established to restore democratic order amid increasing gang violence, signed a decree to dismiss Conille, replacing him with businessman Alix Didier Fils-Aimé, the former president of Haiti’s Chamber of Commerce and Industry. The decree is set to be published on Monday.
Graphic Truth: A world thirsty for peace
Happy World Water Day! This year’s theme, “Leveraging Water for Peace,” is a reminder that this precious shared resource can either spark conflict or foster peace. Nowhere is this more evident than in places where freshwater is shared between countries, known as transboundary aquifers, and 60% of the world’s flow traverses political boundaries, hydrating over 150 countries.
Much of the world’s freshwater comes from precipitation, which is increasingly impacted by climate change-induced droughts, heightening the risk of water-fueled conflict.
As water quantity drops, especially in places experiencing rising demand from rapid population growth, the competition intensifies. Nowhere is this more destabilizing than in countries sharing transboundary aquifers. Transboundary water cooperation is crucial for regional stability and conflict prevention. Yet only 24 countries have cooperation agreements for their shared water.
For World Water Day today, we take a look at some of the places that share H2O.
What will it take for the world to get serious about water?
Why did it take over twenty years for the UN's marquee climate conference to start talking about water? "It's undervalued and therefore, it's not getting the attention it deserves because people don't see the actual value addition of engaging with it," says James Dalton of the International Union for the Conservation of Nature.
"Roundabout 90% of global water policy is out of date," says James Dalton of the International Union for the Conservation of Nature. "We're effectively 40 years behind where we need to be on the policy calendar when it comes to being able to better manage our water resources."
He says that lack of attention has led humanity to "abuse the resource," overtaxing existing freshwater resources and exposing them to pollution. And as climate change threatens to create an even more dangerous and volatile water cycle, he asks, "can we get the direct action happening quickly enough before we really start to feel the pain of this?"
Dalton spoke at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
The world is way behind on water policy | James Dalton
When's the last time you remember a politician bringing up water policy on the campaign trail? It's far from the sexiest subject, but it absolutely merits discussion as climate change and overuse of water resources pose serious threats to the world's water systems.
"Roundabout 90% of global water policy is out of date," says James Dalton of the International Union for the Conservation of Nature. "We're effectively 40 years behind where we need to be on the policy calendar when it comes to being able to better manage our water resources."
The good news, he says, is progress is being made on frameworks to improve transparency around water policy and craft systems better suited to individual local needs. But he's worried about the technical skills required to manage complex sources like groundwater, and how competing interests will impact the development of new policy. Dalton spoke at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
Why businesses are leapfrogging governments on water issues
Water is an incredibly personal topic, integral to the lives and traditions of communities everywhere. That means companies must be very careful about how they use water resources, even those to which they are legally entitled, says Shari Friedman, Eurasia Group's Managing Director for Climate and Sustainability.
"If they're taking it away or they're polluting a source, it's something that's incredibly visible, as people use it," she said. "And it's something the press can pick up on pretty quickly, and it affects a company's license to operate."
That reputational risk has led some companies to start proactively rolling out plans to manage water use and keep sources clean and sustainable even in the absence of government regulations. But the government still has a role to play, said Friedman, pointing to emerging regulations around so-called "forever chemicals" and the European Union's attempt to improve river health by 2027.
She spoke at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
Water scarcity can sink a city, says expert Tanvi Nagpal
Who ends up paying for all the waste and losses from old, leaky water systems? Ordinary families. For the most part, they have no choice but to foot higher and higher bills just to keep access to the water they need to live.
However, failure to invest in water systems and keep costs low for consumers can lead to huge consequences, according to Tanvi Nagpal, water policy expert and consultant for Tetra Tech. For example, Jakarta's failure to keep its water system up with its population growth led people to dig wells to provide themselves with the needed water. The result? One of the largest cities in the world and an economic engine of southeast Asia is physically sinking into the ground.
"We must think through an approach where we believe that everybody should get water, not just because we deserve water, but because it's important for all of society that everybody get this access to clean water," she said at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
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Saving the planet is big business | Minoj Jain
Can saving the planet's freshwater be profitable? Most certainly, says Manoj Jain, investment director at Unison Capital.
"The material recovery conversion of waste and plastic into fuel, desulfurizing the air, the flue-gases, all this is very profitable business," he said at a GZERO Live event organized by the Sustainability Leaders Council, a partnership between Eurasia Group, GZERO Media, and Suntory.
Creating a circular economy that minimizes waste drives his investment decisions, seeking out emerging technologies to help the world push past outdated production methods. Hear more about how solving water scarcity can create economic growth here.
Watch the full livestream conversation: The global water crisis and the path to a sustainable future
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