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What We’re Watching: EU agrees recovery fund, Emirati lift off to Mars, Far East tests Putin

What We’re Watching: EU agrees recovery fund, Emirati lift off to Mars, Far East tests Putin

Compromise on EU pandemic relief deal: In the wee hours of Tuesday, EU leaders reached consensus on a 750 billion euro fund to help EU member states recover from the crippling coronavirus-related economic crisis. Almost five days into what was supposed to be a three-day summit in Brussels, a group of "frugal" countries, led by the Netherlands, agreed to a combination of 360 billion euros in loans and 390 billion euros in non-repayable grants that will largely benefit Italy and Spain. These two countries were the hardest hit by the pandemic, but are reluctant to embrace labor market and pension reforms in exchange for EU rescue money. Disbursement of the funds will finally not be tied to upholding EU norms on democracy and the rule of law, as Hungary and Poland had pushed for. Although the "frugal" countries won generous rebates on their contributions to the EU budget, they failed to secure clear strings attached for big-spending recipients to get the money. Any deal is subject to parliamentary approval in all EU member states, so it will still be a long time until anyone sees any of the EU relief cash.


UAE goes to Red Planet: The United Arab Emirates successfully launched a Mars probe on Sunday, becoming the first Arab country to carry out a space mission. It's a major feat for the UAE, a rich but tiny Gulf nation which only started its space program six years ago, and has been able to pull off a launch to the Red Planet (almost entirely on its own) in about half the time it normally takes countries to do so. If the Emirati probe arrives safely, it will be joined on Mars by similar missions to be launched by the United States and China. With this move, the UAE — now a member of the elite club of countries with ambitious space programs — plans to achieve twin political goals: stoke nationalist sentiment by landing the Mars probe to coincide with the 50th anniversary of its independence in December 2021, and demonstrate its regional leadership on science and technology in the Arab world, where many Gulf states are exploring how to leverage such innovation to diversify their economies away from oil and gas.

Putin tries to tame the East: After more than 10,000 people again hit the streets in the Russian Far East region of Khabarovsk to protest the ousting of their popular governor, President Putin named a replacement in hopes of calming the protests. Will it work? Supporters of Sergei Furgal say that his recent arrest on murder charges was political payback from the Kremlin, whose own gubernatorial candidate Furgal beat handily in the last elections. Furgal is a member of the spectacularly misnamed Liberal Democratic Party of Russia, a far-right nationalist outfit that usually plays the role of lapdog opposition to the Kremlin. Lately, however, party leader Vladimir Zhirinovsky has been mouthing off more about the Kremlin. Critics say Furgal's replacement is just a more pliant member of the same party. With Putin's approval ratings touching all-time lows and Russia's economy battered by the pandemic, the Kremlin is keen to quash this bit of regional insubordination, lest it spread to other parts of Russia's vast hinterland that are frustrated with Moscow's political and economic dominance.

Meet Carlo Fortini, a young geophysical engineer whose passion for speed and challenge resonates in everything he does. When he is not racing on his motorbike, you can find Carlo operating one of the most powerful supercomputers in the world at Eni's Green Data Center in Po Valley, Italy. Here, he brings his technical and creative expertise to develop new software for underground exploration.

Watch the latest Faces of Eni episode to learn more about what drives Carlo.

Back in 2016, presidential candidate Donald Trump presented his vision for an "America First" foreign policy, which symbolized a radical departure from the US' longtime approach to international politics and diplomacy.

In electing Donald Trump, a political outsider, to the top job, American voters essentially gave him a mandate to follow through on these promises. So, has he?

Trade

"A continuing rape of our country."

On the 2016 campaign trail, candidate Trump said that the Trans Pacific Partnership (TPP) — a 12 country trade deal pushed by the Obama administration — would "rape" America's economy by imperiling the manufacturing sector, closing factories, and taking more jobs overseas.

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In an op-ed titled "Iran Arms Embargo Reckoning," the Wall Street Journal editorial board argues that ending the UN arms embargo on Iran was a major flaw of the 2015 nuclear deal and questions whether Biden could do anything to contain Iran at this point. Ian Bremmer and Eurasia Group's Henry Rome take out the Red Pen to explain why this discussion misrepresents the importance of the embargo and the consequences for its expiration.

So, the US presidential election is now just days away, and today's selection is focusing on a specific aspect of foreign policy that will certainly change depending on who wins in the presidential contest—namely America's approach to Iran.

You've heard me talk before about the many similarities between Trump and Biden on some international policies, like on China or on Afghanistan. But Iran is definitely not one of those. Trump hated the JCPOA, the 2015 Iranian nuclear deal, put together under the Obama administration, and he walked away from it unilaterally. Joe Biden, if he were to become president, would try to bring it back.

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It almost didn't happen — but here we are again. President Donald Trump and his Democratic challenger Joe Biden face off tonight in the final presidential debate of the 2020 US election campaign.

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Following the terrorist attacks of September 11, 2001, US President George W. Bush demanded that Afghanistan's Taliban government surrender Osama bin Laden and end support for al-Qaeda. The Taliban refused.

On October 7, US bombs began falling on Taliban forces. NATO allies quickly pledged support for the US, and US boots hit the ground in Afghanistan two weeks later.

Thus began a war, now the longest in US history, that has killed more than 3,500 coalition soldiers and 110,000 Afghans. It has cost the American taxpayer nearly $3 trillion. US allies have also made human and material sacrifices.

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