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What We’re Watching: Taiwan braces for Hong Kongers, COVID helps scrap subsidies, EU calls out China

What We’re Watching: Taiwan braces for Hong Kongers, COVID helps scrap subsidies, EU calls out China

Taiwan braces for influx of Hong Kong defectors: As Beijing continues to tighten its control over Hong Kong, threatening the safety of that city's pro-democracy activists, officials in Taiwan now say they are preparing to absorb an influx of defecting Hong Kongers in the coming months. After China announced a new national security law last month, allowing mainland China's security agencies to operate openly in Hong Kong, Taiwan's President Tsai Ing-wen, also wary of Beijing's increasing assertiveness in the region, pledged all "necessary assistance" to Hong Kong's pro-democracy movement. Ms. Tsai has now reportedly instructed her government to provide a monthly allowance for Hong Kong defectors, as well as housing for new arrivals who can't afford to pay rent. But there's a catch: Taiwan has little experience in welcoming refugees, having absorbed few asylum seekers since Vietnamese refugees fleeing communist rule began arriving on its shores in the mid-1970s. Meanwhile, Taiwanese officials are also concerned that Chinese spies might disguise themselves as Hong Kong nationals and smuggle themselves into Taiwan to gain critical information on its neighboring nemeses.


COVID cover for subsidy cuts: Many countries, particularly energy exporting nations in the developing world, heavily subsidize prices for gas and electricity as a way to help their citizens make ends meet. And although the subsidies place a huge burden on government budgets, removing subsidies can be politically explosive. Just last fall alone, plans to scrap subsidies (which means gas prices go up for consumers) provoked major protests in Ecuador and Iran. But now that pandemic-related economic shutdowns have caused oil (and gasoline) prices to plummet, some governments are seizing the moment to chip away at those subsidies. In recent weeks, Nigeria, Tunisia, Sudan, Venezuela, and Dubai have all quietly moved to either cut subsidies or raise fuel taxes, according to the New York Times. The thinking is that at a time when prices for gasoline and other fuels are at their lowest levels in recent memory, people won't notice as much if prices rise. And the government budget savings can, in principle, be redirected to investment in other areas of the economy. We're watching to see what happens as the global economy recovers – when citizens face budget-busting fuel and gas bills, and governments face angry citizens.

The EU calls out China: In its most forceful condemnation of China since the coronavirus first emerged in Wuhan back in December, the European Union has accused Beijing of spreading disinformation about the pandemic in order to sow division within the 27-member bloc. In a harshly worded statement, the Commission said Wednesday that "the pandemic showed that disinformation does not only harm the health of our citizens, but also the health of our democracies." It was a tacit reference, analysts say, to recent false claims disseminated by Beijing, including the unproven allegation that French care workers had abandoned their responsibilities leaving elderly residents to die. The EU also singled out Russia for spreading lies about the global health emergency and called on social media giants like Facebook and Twitter to more actively fact-check information about COVID-19 on their platforms.

Khant Thaw Htoo is a young engineer who works in Eni's Sakura Tower office in the heart of Yangon. As an HSE engineer, he monitors the safety and environmental impact of onshore and offshore operations. He also looks out for his parents' well-being, in keeping with Myanmar's traditions.

Learn more about Khant in the final episode of the Faces of Eni series, which focuses on Eni's employees around the world.

On his first day as president, Joe Biden signed a remarkable series of executive orders. Boom! The US rejoins the Paris Climate Accord. Bang! The United States rejoins the World Health Organization. Pow! No more ban on immigration from many Muslim-majority countries. Biden's press secretary reminded reporters later in the day that all these orders merely begin complex processes that take time, but the impact is still dramatic.

If you lead a country allied with the US, or you're simply hoping for some specific commitment or clear and credible statement of purpose from the US government, you might feel a little dizzy today. The sight of an American president (Barack Obama) signing his name, of the next president (Donald Trump) erasing that name from the same legislation/bill, and then the following president (Biden) signing it back into law again will raise deep concerns over the long-term reliability of the world's still-most-powerful nation.

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"There needs to be a dramatic and deep reduction in the amount of debt on the poorest countries. That's clear." As the world's poorest nations struggle to recover from a devastating pandemic, World Bank President David Malpass argues that freeing them of much of their debt will be key. His conversation with Ian Bremmer is part of the latest episode of GZERO World.

Listen: Renowned tech journalist Kara Swisher has no qualms about saying that social media companies bear responsibility for the January 6th pro-Trump riots at the Capitol and will likely be complicit in the civil unrest that may continue well into Biden's presidency. It's no surprise, she argues, that the online rage that platforms like Facebook and Twitter intentionally foment translated into real-life violence. But if Silicon Valley's current role in our national discourse is untenable, how can the US government rein it in? That, it turns out, is a bit more complicated. Swisher joins Ian Bremmer on our podcast.

Ian Bremmer discusses the World In (more than) 60 Seconds:

Biden's first scheduled call with a world leader will be with Canada's Justin Trudeau. What's going on with the Keystone Pipeline?

Well, Biden said that that's it. Executive order, one of the first is that he will stop any construction or development of the Keystone Pipeline. This is of course an oil pipeline that would allow further oil sands oil to come to the United States. The infrastructure is significantly overstretched, it's led to backlogs, inefficiency, accidents, all the rest, but it also facilitates more energy development and keeps prices comparatively down if you get it done. So, there are lots of reasons why the energy sector in Canada wants it. Having said all of that, Trudeau, even though he's been a supporter of Keystone XL, let's keep in mind that he did not win support in Alberta, which is where the big energy patch in Canada is located. This is a real problem for the government of Alberta, Canada is a very decentralized federal government, even more so than the United States. The premier of Alberta is immensely unhappy with Biden right now, they've taken a $1.5 billion equity stake in the project. I expect there will actually be litigation against the United States by the government of Alberta. But Trudeau is quite happy with Biden, his relationship was Trump was always walking on eggshells. The USMCA in negotiations ultimately successful but were very challenging for the Canadians, so too with the way Trump engaged in relations on China. All of this, the fact that Trump left the nuclear agreement with Iran, the Paris Climate Accords, WHO, all of that is stuff that Trudeau strongly opposed. He's going to be much more comfortable with this relationship. He's delighted that the first call from Biden is to him. And it certainly creates a level of normalcy in the US-Canada relationship that is very much appreciated by our neighbors to the North.

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The GZERO World Podcast with Ian Bremmer. Listen now.

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