What We're Watching: Tick Tock for TikTok, Netanyahu loses support, Guyana's new president

What We're Watching: Tick Tock for TikTok, Netanyahu loses support, Guyana's new president

TikTok, ya don't stop: The wildly popular video app TikTok has been in the crosshairs of American lawmakers for many months now. Why? Because the app is owned by a Chinese company, raising national security concerns that it could funnel personal data on its 100 million American users to the Chinese government. The plot thickened in recent days after President Trump abruptly threatened to ban the app altogether, risking a backlash among its users and imperiling US tech giant Microsoft's efforts to buy the company's operations in the US. Canada, Australia and New Zealand. After a weekend conversation between Microsoft and the White House, the sale negotiations are back on but US lawmakers say any deal must strictly prevent American users' data from winding up in Chinese Communist Party servers. And Trump says that unless a deal is reached by September 15th, he'll go ahead with the ban. The broader fate of TikTok — which has now been banned in India, formerly its largest market, and may be broken up under US pressure — nicely illustrates the new "tech Cold War" that is emerging between China and the United States.


Guyana finally swears in a new leader: After months of political wrangling, an election recount and a series of court challenges, the small South American nation of Guyana has sworn in opposition candidate Mohamed Irfaan Ali as president. Although Ali edged out the incumbent, David Granger, by just 15,000 votes, Granger's governing party says the vote was rigged and that it will continue to challenge the outcome. The new president will now be responsible for guiding this nation through what is set to be one of the of the world's most dramatic increases in national wealth, after large reserves of crude oil were discovered in the country in 2015. Ali will have to figure out how to spend the new oil revenue to combat the country's pandemic-induced economic downturn, as well as try to tamp down rising tensions between his own supporters who are mostly of South Asian origin, and the defeated incumbent's mostly Black voter base.

Anti-Netanyahu movement swells: Ever since Israeli Prime Minister Benjamin Netanyahu was indicted in January on a host of corruption charges there have been frequent protests calling for his resignation. But Saturday saw the most massive demonstrations yet, as thousands gathered near the PM's Jerusalem residence. The protesters — hailing from across the political spectrum and including some former Bibi supporters — took aim at the government's poor handling of the twin public health and economic crises. Despite early success in containing the virus, the country's unwieldy unity government has botched its pandemic response in recent months. A hasty reopening has allowed the coronavirus to begin spreading again like wildfire, and a whopping 21 percent of the population is now unemployed. The government has failed to provide economic relief and Israel's GDP is expected to contract by at least 6 percent this year. Netanyahu, for his part, has lashed out at the "North Korean" style media for fueling the "distorted" protests, a sign, observers say, of his growing panic as the leaderless protest movement gains momentum. Particularly ominous for Netanyahu is that security hawks and right wing voters typically aligned with Netanyahu's Likud party are increasingly losing faith in him, and are now joining left-wing activists calling for the PM's resignation. Is "King Bibi's" throne finally creaking?

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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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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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Ian Bremmer shares his insights on global politics this week with a look at the NBA's latest rift with China, Brazil's Senate investigation, and COVID booster shots.

China wipes Boston Celtics from NBA broadcast after the "Free Tibet" speech from Enes Kanter. Is NBA boxing itself into a corner?

Nice mixed sports metaphor there. NBA has some challenges because they are of course the most progressive on political and social issues in the United States among sports leagues, but not when it comes to China, their most important international market. And you've seen that with LeBron James telling everyone about we need to learn better from the Communist Party on issues like Hong Kong and how Daryl Morey got hammered for taking his stance in favor of Hong Kong democracy. Well, Enes Kanter's doing the same thing and he's a second-string center. Didn't even play yesterday and still the Chinese said that they were not going to air any Boston Celtics games. Why? Because he criticized the Chinese government and had some "Free Tibet" sneakers. This is a real problem for a lot of corporations out there, but particularly publicly, the NBA. Watch for a bunch of American politicians to make it harder for the NBA going forward, saying how dare you kowtow to the Chinese when you're all about "Black Lives Matter" inside the United States. No fun.

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Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, shares insights on US politics:

A Trump media platform? Is this for real?

This week, President Trump announced his potential return to social media through the creation of his own digital media platform that's going to merge with an existing publicly-traded company in a deal known as a SPAC. These deals are increasingly popular for getting access to capital, and it seems like that's where President Trump is headed.

The publicly-traded company's stock was up on the news, but it's really hard to see this coming together. The Trump media company claims it wants to go up against not only Facebook and Twitter, but companies like Amazon and cloud computing and even Disney providing a safe space for conservatives to share their points of view. The fact of the matter is, conservatives do quite well on existing social media platforms when they aren't being kicked off for violating the terms of service, and other conservative social media platforms that have attempted to launch this year haven't really gone off the ground.

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Protests in Sudan: Protests are again shaking the Sudanese capital, as supporters of rival wings of the transitional government take to the streets. Back in 2019, after popular demonstrations led to the ouster of longtime autocrat Omar al-Bashir, a deal was struck between civilian activists and the army, in which a joint civilian-military government would run the country until fresh elections could be held in 2023. But now supporters of the military wing are calling on it to dissolve the government entirely, while supporters of the civilian wing are counter-protesting. Making matters worse, a pro-military tribal leader in Eastern Sudan has set up a blockade which is interrupting the flow of goods and food to the capital. The US, which backs the civilian wing, has sent an envoy to Khartoum as tensions rise, while Egypt, the UAE, Saudi Arabia, and Turkey are all vying for a piece as well.

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1 billion: One billion Indians have now gotten at least one COVID vaccine shot. It's a big turnaround for the country, which stumbled with the initial rollout and then suspended vaccine exports for months to deal with a deadly wave in the spring. Still, only 30 percent of the eligible population is fully vaccinated in India, the world's largest manufacturer of vaccines.

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Listen: The nature of work had already been changing long before the global pandemic accelerated trends around flexible work, remote work technology, and the gig economy. While some industries and workers have benefitted from these changes, others have been left behind - including many women who dropped out of the workforce due to family concerns, or service-industry professionals whose jobs evaporated.

The latest episode of Living Beyond Borders, a special podcast series from GZERO brought to you by Citi Private Bank, looks in depth at the future of work and how the latest trends will change business, the economy, and the global political balance. Moderated by Caitlin Dean, Head of the Geostrategy Practice at Eurasia Group, this episode features Ida Liu, Global Head of Private Banking at Citi Global Wealth and Alexander Kazan, Chief Commercial Officer at Eurasia Group.

Ida Liu Global Head of Private Banking, Citi Global Wealth

Ida Liu

Global Head of Private Banking, Citi Global Wealth

Alexander Kazan, Chief Commercial Officer at Eurasia Group

Alexander Kazan

Chief Commercial Officer, Eurasia Group

Caitlin Dean, Practice Head, Geostrategy, Eurasia Group

Caitlin Dean

Practice Head, Geostrategy, Eurasia Group

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