Trade wars are class wars

Mark Lempp (The Jakarta Post) PREMIUM Jakarta   ● Wed, August 10, 2022 PT Comexindo International, a joint venture (JV) between Indonesia’s Arsari Group and United States-Swiss company Harvest Commodities, has become the first company to transport grain out of Russia since the Ukraine war began. “The MV White Shark was loaded with 25,000 tons of wheat […] at the Russian port of Novorossiysk yesterday,” Arsari and Harvest Commodities announced in a joint press release on Monday. “It is expected to set sail today […] and will be heading for Egypt.” The statement also said: “Another ship, the MV Bronco, is picking up another 20,000 tons of wheat for PT Comexindo International at Novorossiysk and is also scheduled to set sail soon with Angola as its destination.” to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged … [Read more...] about Indonesia’s Comexindo first to ship grain from Russia since war

Share to Twitter Share to Linkedin Topline President Joe Biden will announce an end to all U.S. support for Saudi Arabia’s military intervention in Yemen on Thursday, National Security Advisor Jake Sullivan said, backing away from a practice favored by former President Donald Trump but opposed by some members of both parties on humanitarian grounds. Key Facts Biden will announce this policy shift in a speech at the State Department, Sullivan said at a Thursday morning White House press briefing, adding Biden wants the United States to play a more active role in diplomatic efforts to end the Yemeni Civil War. This decision will hold up a sale of Raytheon precision-guided bombs to the Saudi military negotiated by Trump last year, Sullivan said, adding Saudi officials “understand our reasoning and rationale for it” (Biden temporarily froze the sale last week). Sullivan said the shift only applies to the six-year-old civil war between the … [Read more...] about Biden Will Cut Off U.S. Involvement In Yemen’s Civil War, White House Says

Screenshot of the Supreme Court main building MANILA, Philippines — The Supreme Court has ruled that the privilege of the writ of amparo is meant to protect victims from the threat of extrajudicial killing, as it upheld a protective order for a woman who lost her husband to the Duterte administration’s war on drugs in 2016. In denying the petition of law enforcers to dismiss the writ, the high court explicitly recognized the death of Christina Gonzales’ husband as an “extralegal killing,” and affirmed the finding of the Court of Appeals (CA) that the widow had good reason to fear for her life. Gonzales’ husband, Joselito, was a suspected drug dealer who was killed in a police operation in Antipolo City in July 2016, shortly after then-President Rodrigo Duterte came into power. The previous administration’s bloody campaign against illegal drugs claimed the lives of thousands of drug suspects, for which Duterte and his subordinates were charged with crimes against humanity in … [Read more...] about SC favors drug war widow, calls PNP ops ‘extralegal killing’

Calling all Patriots ! We want to hear from YOU to help shape our coverage. Our Patriots are the most loyal readers of the Daily Caller, and we want to make sure we’re getting feedback about what we can do better, and what stories you’d like to see us cover. It’s been two weeks since Russian President Vladimir Putin first invaded Ukraine . The war is having an effect on everything from political alliances to gas prices . There’s a lot of information and barely enough time to cover it all. Patriots, how closely are you following the war in Ukraine? Let us know in the from below. Take advantage of your subscription . This is your chance to become part of the conversation and help us shape all of our future coverage. Make sure to check out the rest of our behind-the-scenes, Patriots – only videos on YouTube, and ⁠— if you haven’t already ⁠— go and subscribe to our channel . In the meantime, let us know in the comments what YOU want to hear discussed in … [Read more...] about Calling All Patriots: How Closely Are You Following The War In Ukraine?

Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.

Share to Twitter Share to Linkedin Apple’s complex and high-risk relationship with the Chinese government took another twist this week, with the company enraging China’s state media into publishing an article on October 9, slamming the U.S. tech giant for its approval of an app that has been “allowing the rioters in Hong Kong to go on violent acts.” The criticism surrounds an app called HKMap Live , which claims to help Hong Kong’s citizens track the locations of protests and police activity, with the intent, it says, of helping people avoid trouble spots and stay safe. The app was originally rejected by Apple and refused entry into the App Store. That unleashed a wave of protests that eventually saw the decision overturned and the app allowed into the store. “Nobody wants to drag Apple into the lingering unrest in Hong Kong,” the People’s Daily warns, “but people have reason to assume that Apple is mixing business with politics, and even … [Read more...] about Apple Is ‘Reckless’ And Will Face ‘Consequences’—Warns China

Share to Twitter Share to Linkedin Apple treads a fine line in China. It’s share of the world’s largest smartphone market has dropped to 10% as it has lost ground to local rivals , it has been forced by the U.S. trade war into exploring options for shifting manufacturing away from its primary base, and when an iOS hack was traced to China’s suppression of its Uighur minority, Apple infamously neglected to reference China in its statements, choosing instead to attack Google for inaccuracies in its reporting. This game of geopolitical Twister was evident again in recent days, after Apple faced heavy criticism for blocking HKMap Live , an iPhone app designed to help Hong Kong’s citizens track the locations of protests and police activity, with the intent, so said its developer, of helping people avoid trouble spots and stay safe. The reason for the rejection was that the app “facilitates, enables, and encourages an activity that is not legal,” … [Read more...] about Apple Prompts Furious Backlash After Failing To Get It Right In China—Again

Share to Twitter Share to Linkedin Apple is under fire for relenting to pressure from the Chinese government and removing a controversial app that the authorities in Hong Kong claim is being used by protesters to track the movements of the police. The issue for Apple is that this came within a day of Chinese state media threatening the U.S. firm with “consequences” for its “reckless” decision to allow HKMap Live into its App Store. This situation has been a PR nightmare for Apple. HKMap Live was originally submitted to the App Store on September 21, rejected on September 26, resubmitted on October 2, rejected again the same day. Then it was approved on October 5 and rejected again on October 9, after those threats. Dizzying. The threats had come in the People’s Daily, the mouthpiece of the ruling Chinese Communist Party. “Nobody wants to drag Apple into the lingering unrest in Hong Kong,” it warned, “but people have reason to assume that Apple is … [Read more...] about China Threats Force Apple Retreat

U.S. stocks continued to claw their way back last week, especially growth stocks . For the week, the Nasdaq posted a gain of 2.2% and the S&P 500 rose 0.4%. The Dow? Not so much, sliding just 0.1%. A blowout jobs report for July offered up another dose of good news for the economy and not-so-good news for the stock market, but equity investors hung in there. U.S. employers added 528,000 jobs to their payrolls last month , which was more than twice what was expected, and that added credence to the Federal Reserve 's stance that the U.S. economy is not in a recession given the continued strength of the labor market. So, the thinking goes, the Fed will continue to be aggressive in raising interest rates to cool down inflation, because it's not impacting companies' willingness to hire. That led to a steep selloff in U.S. Treasurys, with the yield on the 10-year Treasury note ending the week at 2.83%. Oil prices continue to tumble, hitting their lowest level since early … [Read more...] about Live from InvestFest with Downtown Josh Brown, BitBoy Crypto, and Lamar Wilson

Jill Dougherty is adjunct professor at Georgetown University and a former CNN Moscow Bureau Chief. The views expressed in this commentary are her own. View more opinion on CNN. (CNN) Some of the most dramatic -- and diplomatically delicate -- moments in United States-Russia relations are linked to prisoner exchanges. Jill Dougherty February 10, 1962: In a Cold War, Hollywood-style trade on the Glienicke Bridge between Berlin and Potsdam, two men -- an American and a Soviet -- walked in opposite directions across what would decades later be known as the "Bridge of Spies." They were Francis Gary Powers, the American pilot of a spy plane shot down over the USSR, and Soviet KGB colonel Rudolph Abel, who had served five years in the US on espionage charges. More than half a century later, Vladimir Putin, a former KGB officer, certainly knows the value of prisoner swaps. In April, his administration freed former US Marine … [Read more...] about Opinion: Putin’s prisoner swap calculus