The Strategist
World & Politics

IEA: India to become main source of oil demand growth by 2030 - 02/08/2024

Refining will increase to 6.8 million bpd and oil production would drop to 540 thousand bpd in India by 2030, according to an International Energy Agency presentation made at Indian Energy Week. With roughly 700 thousand barrels per day of production, India only supplied 13% of the country's oil needs in 2023, according to IEA Oil Markets Division chief Toril Bosoni. The IEA notes that...

FT: Iran used Lloyds and Santander UK to circumvent US sanctions - 02/06/2024

Backed by Tehran's security agencies, Iran utilized two big British banks to transport money covertly around the globe as part of a large-scale plan to avoid sanctions, according to the Financial Times. Documents obtained by the newspaper reveal that Iran's Petrochemical Commercial Company (PCC) has shell British firms registered under the names of Lloyds Banking Group and Santander UK, the...

All 27 EU leaders agree to allocate €50bn to Ukraine - 02/02/2024

President of the European Council Charles Michel stated on Thursday that EU leaders decided to set aside €50 billion from the EU budget for financial assistance to Ukraine. "All 27 leaders agreed on the allocation of an additional aid package of 50 billion euros for Ukraine from the European budget," he posted on the X social network.  An extraordinary summit on the EU budget was held in...

Hong Kong's economy adds 3.2 percent - 02/01/2024

According to a study from the Hong Kong Statistics Office, the GDP of Hong Kong increased by 3.2 percent at the end of the previous year but still couldn’t make up for the record fall of 2022. "Overall for 2023, GDP grew by 3.2% in real terms compared to 2022," the institution stated. A year before, the GDP had contracted by 3.5% at the same time. As a result, Hong Kong was still unable to reach...

Israel to set up interim military government in Gaza - 02/01/2024

According to Israeli media, Israel is thinking of setting up a temporary military government in the Gaza Strip to handle humanitarian matters until the end of the military assault. Later on, the Gaza Strip will be governed by an international coalition of Arab governments, comprising Bahrain, Saudi Arabia, Egypt, Morocco, and the United Arab Emirates. The next step will be the creation of a...

Trump predicts terrorist attacks in the US because of Texas’ border standoff - 01/29/2024

Donald Trump, a former president and current Republican presidential candidate, claimed that the conditions at the southern border pose a threat of terrorist attacks on the nation. He claims that the condition of affairs along the US southern border is the "worst state" in the country's history. "Our border was the strongest and safest it has ever been three years ago in US history. We're in...

Trump advises Haley to leave the election race - 01/25/2024

Former US President Donald Trump has attacked former US Representative Nikki Haley, a former governor of South Carolina and US representative to the UN, over her refusal to leave the campaign following her loss in the state of New Hampshire's Republican primary. "It was interesting, I must say, as I exclaimed, “What a great win!” Then, out of nowhere, Haley takes the stage and delivers a speech...

Turkey's parliament plans to vote on Sweden's NATO accession this week - 01/23/2024

Sweden's application to join NATO is scheduled for a vote by the Turkish parliament this week, according to a source cited by Bloomberg on Monday. Citing a government official, the news agency stated that "Turkish President Recep Tayyip Erdogan's Justice and Development Party... will seek parliamentary approval to ratify Sweden's long-awaited NATO membership." Thus, Hungary will be the only...

Snowfalls in Europe caused disruptions with airports and public transport - 01/19/2024

Europe has been battered by heavy snowfall, which has disrupted travel in northern France and caused problems at Frankfurt am Main, Germany's main airport, according to a report released by the EFE news agency on Thursday. There was snowfall in the Grand Est, Ile-de-France, Hauts-de-France, and Normandy regions. By Thursday night, the snow arrived in the Alsace region near the German border....

WTO: ASEAN's poorest countries will benefit from growing trade with rich nations - 01/18/2024

Trade with wealthier nations would enable some of the world's least developed ASEAN nations—Laos, Cambodia, and Myanmar—to better their circumstances in ten years, according to World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala. "Laos, Cambodia, and Myanmar are among the least developed nations in the world that are part of ASEAN; their per capita incomes are significantly lower...
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