What We’re Watching: “No-Deal” Brexit is back!
Deal or no deal? If you thought British Prime Minister Boris Johnson's decisive victory in last week's UK election had resolved the anguish over if/when/how UK would leave the EU, think again. The UK will formally exit the EU in a matter of weeks, yes, but London still needs to negotiate a comprehensive EU trade deal during a transition period that lasts until the end of 2020. It would be a miracle if a pact could be negotiated in that time, but Johnson's government said yesterday it would not extend the deadline for such a deal. That means it's possible UK could leave the EU without any trade pact at all: a new variant of the dreaded "no-deal" scenario. The move, which raises pressure on the EU to offer the UK a good bargain on their future relationship, means we could be in for another 12 months of Brexit brinkmanship. And you thought it was over…muahahahaha!
A rupture at the UN over North Korea? It looks like somebody's been paying attention to Kim Jong-Un's recent antics. On Tuesday, Moscow and Beijing introduced a UN Security Council resolution that would loosen some economic sanctions on North Korea as a way to draw Pyongyang into fresh talks about its nuclear program. But the US – which, like Russia, China, France, and the UK, holds veto power at the Security Council -- has already killed the idea. We're watching to see how Kim responds.
A death sentence in Pakistan: Former Pakistani President Pervez Musharraf, who seized power in a military coup in 1999 and controversially supported former US President George W. Bush's "Global War on Terror", has been sentenced to death in absentia by a Pakistani court after being convicted of high treason. Musharraf imposed martial law in 2007 but was forced from office a year later. Since 2016 has lived in exile in Dubai, where he is fighting the treason charges from a hospital bed. Back home in Pakistan, the military – which has seized power countless times since independence in 1947 -- was not thrilled with the verdict.