The Strategist
World & Politics

EU, UK agree on Brexit deal - 12/25/2020

The European Union and the UK have managed to work out an agreement on the relationship after Brexit. This was announced by the head of the European Commission, Ursula von der Leyen, at a press conference in Brussels. The agreement establishes the format of relations between Europe and the UK in trade, transport communication, fisheries and other spheres. The parties were to agree on its terms by...

Massive cyberattack hits US government at all levels - 12/24/2020

A hacker attack through SolarWinds software affected the internal networks of the US federal, state and local governments, the US Cybersecurity and Infrastructure Security Agency said. The authority urged organisations to prioritise action to identify and resolve the threat. In addition to government agencies, the attack through SolarWinds affected "critical infrastructure and other private...

Tesco imposes new restrictions on retail sales in the UK - 12/24/2020

Britain's largest retailer Tesco has limited sale of five of its most popular items, The Guardian reports. One customer will be able to buy not more than one roll of toilet paper, not more than three packs of eggs, rice, bars of soap and containers of handwashing detergent (the restrictions do not apply to hand sanitizers).  Meanwhile, in Tesco shops, a number of restrictions on the sale...

Chinese regional authorities reduce electricity consumption due to coal shortages - 12/22/2020

According to the Financial Times (FT), over the past few weeks, "more than a dozen" Chinese cities have imposed restrictions on electricity consumption due to a shortage of thermal coal. The shortage of coal was largely due to a trade conflict with Australia, which is one of China's biggest coal suppliers. As a reminder, in the spring the Australian government called for an investigation into the...

Saudi Arabia closes borders due to new COVID-19 strain - 12/21/2020

Saudi Arabia has closed its borders for a week, the country's interior ministry said. A statement from the ministry was published by SPA. It indicates that the decision to close the borders was made on the basis of the Ministry of Health’s data on the spread of a new strain of coronavirus. The authorities have halted international air links and closed land borders and seaports for a week. Flights...

Former Japanese Prime Minister Abe suspected of embezzlement - 12/18/2020

The ruling Liberal Democratic Party has made a proposal to summon former Japanese Prime Minister Shinzo Abe to Parliament. According to Kyodo news agency, citing sources, the former prime minister is suspected of illegally using money to pay for dinner parties. The agency explains that the aim of the party's move is to try to avoid public outrage that could undermine the credibility of Shinzo...

US accuses Switzerland, Vietnam in currency manipulations - 12/17/2020

The US said that Switzerland and Vietnam had manipulated their currencies to avoid balance of payments adjustments and, in the case of Vietnam, also to gain a competitive advantage in international trade. They reserved the right to take action. The US Treasury Department called Switzerland and Vietnam currency manipulators following a review of the macroeconomic and currency policies of its main...

Australia files WTO complaint against China - 12/17/2020

Australian Trade, Investment and Tourism Minister Simon Birmingham has announced that Australia will initiate a formal complaint procedure with the World Trade Organisation (WTO) against China's actions against barley imports from Australia. Relations between Australia and China, which in turn was hit by US trade sanctions back in 2018, escalated in the spring of this year. At that time, the...

Ireland fines Twitter for breaching European data protection law - 12/16/2020

The Irish Data Protection Commission (DPC) has imposed a fine of € 450 thousand on the American microblogging service Twitter, whose European headquarters is registered in Ireland. The fine was imposed for violation of the European Data Protection Law (GDPR), which came into force in 2018. In January 2019, Twitter announced that it had fixed an issue that could have caused private tweets from...

US electoral vote confirms Biden's election - 12/15/2020

The electoral vote has confirmed the election of Joseph Biden as president of the United States. The results of the state-by-state vote show this. The Democratic candidate has secured the support of all 55 electors from California, thus gaining more than the 270 votes needed to be elected. Of the 538 votes, Biden already gets 302, while the incumbent Republican candidate Donald Trump gets 232....
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