What We’re Watching: Italian Squabbles, Merkel’s Worries

Italy's Squabbling Leaders On Monday, Prime Minister Giuseppe Conte threatened to resign unless Five Star and the League, the two parties that form the country's populist governing coalition, stop bickering and start working together. Campa cavallo (fat chance!) as they say. Tensions between the two parties have surfaced in recent weeks as Five Star's popularity wanes and League party leader Matteo Salvini becomes more popular and more aggressive in setting the country's political agenda. The results of last month's European Parliament elections have only accelerated the diverging fortunes of the two parties, leaving many to wonder if Salvini might just make a risky push for a snap election.

Pressure on Angela Merkel's government - More bad news this week for German Chancellor Angela Merkel, who governs via an increasingly fragile and unpopular partnership between her Christian Democratic Union and the rival Social Democratic Party. Both parties did poorly in the recent EU Parliament elections. On Sunday, SPD boss Andrea Nahles said she would step down, and on Monday the head of Germany's leading industry association said it had lost faith in Merkel's grand coalition. With pressure mounting on all sides, Merkel can either try to ride it out, risk snap elections, lead a minority government, or seek a new coalition partner altogether before her fourth and final term expires in 2021.

What We're Ignoring: Xi in Russia, Duterte's Gay Bait

Xi in Moscow – Chinese President Xi Jinping arrives in Moscow today for a state visit with Vladimir Putin before heading to St Petersburg, where he'll be a guest of honor at a big Russian investment conference. Russia and China are seeking closer cooperation at a time when both countries have rocky relations with the United States. But while neither of them likes a world where the US is a sole superpower, their own relationship is still limited by mutual suspicions and meager economic ties beyond oil. Beijing's number one trade partner is still the US, after all, while Russia doesn't even make the top ten. Chinese companies will certainly sign Russian deals in the coming days, but at the grand strategic level, we're not sure what precisely Russia can offer Beijing that it doesn't already have.

Duterte's Gay Bait – During a visit to Tokyo last week, President Rodrigo Duterte of the Philippines announced that he had "cured" himself of homosexuality with the help of "beautiful women." You might think this is the kind of comment that would get an elected official in trouble, particularly since its purpose was to insult a political rival he claims is gay and "uncured." But we're confident we can ignore any risk of political fallout. After all, his past claim that God is a "stupid son of a bitch" in a country that's 80 percent Catholic didn't cut into his 81 percent approval rating or prevent his party from increasing the number of congressional seats it holds in last month's elections.

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In the lead-up to this year's COP26 climate summit in Glasgow, much of the attention has been focused on last summer's wildfires across the US and Europe, and more recently skyrocketing European energy prices. But what about Asia, the world's biggest and most populated region, which also has the highest share of global carbon dioxide emissions that cause global warming? Asia has unique climate risks but also many opportunities for solutions, and whatever happens at COP26, Asian countries led by China and India are primed to lead the world in the struggle to make the planet greener before it's too late. In a live discussion moderated by Shari Friedman, Eurasia Group's Managing Director of Climate and Sustainability, global experts discussed these and other topics during the first of a two-part Sustainability Leaders Summit sponsored by Suntory.

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We're just days away from COP26, the landmark global climate conference that's been dubbed the last chance to get the climate crisis in check. In the lead-up to the event in Glasgow, dozens of countries have released new ambitions to reduce their future carbon footprints. For years, climate activists and experts have called on governments to introduce carbon pricing schemes – either through taxes or emissions-trading schemes. So who's heeded the warning? We take a look at the top ten carbon emitters' share of global emissions and details about their respective national carbon pricing schemes.

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Do cryptocurrencies make it harder to enforce foreign policy sanctions?

Well, that is exactly what the Biden administration worries about. As part of growing concerns of whether unregulated currencies undermine a whole host of policies, sanctions and foreign or trade policy should be a priority area. And just like others who wish to evade tracing of their wealth or transactions, the very states or their sanctioned entities should be assumed to resort to all options to evade restrictions while continuing to do business. So having cryptocurrencies undermining the ability to enforce strategic goals logically raises eyebrows in Washington.

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Back in August, when the Taliban took over, we asked whether anyone in the international community would recognize them. Now it looks like things are heading that way.

This week, the Kremlin hosted a summit with the Taliban that was attended by China, India and Pakistan, as well as all five Central Asian Republics.

The domestically-focused US, however, wasn't there. The US continues to maintain that the Taliban can't be trusted. But does it matter? In 2021 does a Taliban-led government even need American recognition to function and thrive?

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For Kevin Rudd, former Australian PM and now CEO of the Asia Society, the science on climate change is pretty much done, so the only unresolved issues are tech and — more importantly — lack of political leadership. He can't think of a single national political leader who can fill the role, and says the only way to get political action on climate is to mobilize public opinion.

Rudd joined for the first of a two-part Sustainability Leaders Summit livestream conversation sponsored by Suntory. Watch here and register here to watch part two Friday 10/22 at 8 am ET.

Taking place on October 21 and 22, the Sustainability Leaders Summit will go beyond preexisting narratives and debate priorities for governments and industries ahead of COP26. Placing the spotlight on Asia's role in the global sustainability agenda, the event will address whether Asian countries and companies can achieve shared sustainability goals, and what is needed to help get them there. The summit will be co-hosted by Tak Niinami, CEO of Suntory Holdings, and Ian Bremmer, founder and president of Eurasia Group and GZERO Media. We will address three key questions: How can Asian countries, with the help of the private sector, achieve shared Sustainability Goals? Why does this matter? And what are the policy changes needed to bring it about?

Attendance is free and open to the public. Register to attend.

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The minutiae of supply chains makes for boring dinner table talk, but it's increasingly becoming a hot topic of conversation now that packages are taking much longer to arrive in the consumer-oriented US, while prices of goods soar.

With the issue unlikely to be resolved anytime soon, right-wing media have dubbed President Biden the Grinch Who Stole Christmas, conjuring images of sad Christmas trees surrounded by distraught children whose holiday gifts are stuck somewhere in the Pacific Ocean.

It hasn't been a good run for Uncle Joe in recent months. What issues are tripping him up?

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