News updates – 2017 – July – Week 1

These news updates are intended to provide an overview of daily news from media sources. To get our daily analysis and intel updates on financial and geopolitical events, you can subscribe to our premium podcast series.

8th July 2017

  1. British police have revealed that the man responsible for the Manchester bombing in May purchased bomb-making materials with student loan money and did not act alone in the attack
  2. A new computer analysis technique has extended the visual scope of NASA’s aging Hubble Space Telescope tenfold, giving the 27-year-old telescope new life as it continues to look into the distant cosmos
  3. US Ninth Circuit Court of Appeals has denied the state of Hawaii’s emergency motion for an injunction against President Donald Trump’s immigration executive order
  4. Indian Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe held talks on the sidelines of the G20 Summit in Germany to discuss bilateral ties
  5. US Presidential Adviser Ivanka Trump briefly filled in for US President and her father Donald Trump during the talks between the leaders of the G20 Summit
  6. While the interests of Russians and Ukrainians appear to coincide, it seems that Ukraine’s leadership seeks to undermine this harmony, according to Putin
  7. Russian President Vladimir Putin dismissed claims about Russia’s alleged intent to meddle in the upcoming elections in Germany
  8. The Greek Foreign Ministry on blamed Turkey for the failure of the Conference on Cyprus reunification in Swiss Crans-Montana

7th July 2017:

  1. The ongoing reductions of the Metropolitan Police Service budget threaten to shut down up to half of London’s police station front counters, according to London Mayor London Sadiq Khan
  2. The European Parliament backed on Thursday the scheme aiming to mobilize 44 billion euros ($50 billion) in private sector investment in Africa and the EU neighborhood to tackle root causes of migration to the EU
  3. The Saudi-led bloc of Arab states which also includes Bahrain, Egypt and the United Arab Emirates, has announced that negotiations with Qatar have broken down because of Doha’s failure to meet their demands. As a result, the four states have withdrawn their list of demands and will take additional, as yet unannounced, action
  4. The  North Atlantic Treaty Organization (NATO) Secretary General Jens Stoltenberg and Japanese Prime Minister Shinzo Abe met in Brussels, stating that NATO and Japan must enhance cooperation, with a special focus on cybersecurity and maritime security
  5. US Defense Secretary Jim Mattis discussed with his Qatari counterpart Khalid al-Atiyah the need for Arab states to de-escalate tensions amid a standoff between Doha and Gulf Cooperation Council countries
  6. Police and protesters clashed for a second day in Hamburg, Germany, as demonstrators vow to shut down the G20 summit in the city
  7. A-19-year-old man was arrested in connection with the investigation into the attack at Manchester Arena, according to the statement of police
  8. China’s first intercity train that is powered by new energy is being tested in Inner Mongolia, said the developer, CRRC Changchun Railway Vehicles Co., Ltd
  9. Officials with both the South Korean and the Chinese foreign ministries have called for restraint and diplomacy from the US and North Korea following a missile launch that the latter claimed was proof that they had acquired intercontinental ballistic missile (ICBM) capabilities
  10. A top Chinese naval engineer has revealed that China is fitting the Chinese Navy’s next-generation submarines with a cutting-edge silent propulsion technology, putting them “way ahead of the United States”
  11. Ukrainian President Petro Poroshenko and UN Secretary-General Antonio Guterres during a meeting in Kiev discussed the possibilities for more active involvement of the United Nations in the settlement in Donbass
  12. Russian Foreign Minister Sergey Lavrov commended  the work of the Joint Commission for Studying the Recent History of Russian-German relations and said that expert consultations on fight against falsification of their history will promote deepening of their bilateral humanitarian partnership

6th July 2017:

  1. Allegations that the Kremlin directed a series of cyberattacks on US targets may be misplaced according to the Rand Corporation think tank
  2. The United States and Russia have the potential to coordinate actions in  Syria to bring stability and serve mutual security interests in the region, and that the United States is willing to cooperate with Russia, according to US Secretary of State Rex Tillerson
  3. The New Development Bank (NDB) is studying two projects in Russia worth over half a billion dollars
  4. Poland expects a long-term contract for liquefied natural gas supplies from the US to be signed shortly
  5. The European Parliament has called on the Commission and the Member States, in accordance with the Negotiating Framework, to formally suspend the accession negotiations with Turkey without delay if the constitutional reform package is implemented unchanged
  6. The European Parliament, during a plenary session in Strasbourg, voted to set up a Special Committee on Terrorism
  7. Gujarat, the home state of Indian Prime Minister Narendra Modi, will receive $329 million from the China-backed Asian Infrastructure Investment Bank (AIIB) to build access roads to approximately 4,000 villages in all 33 districts of the state
  8. German conglomerate Siemens did not supply Crimea with electricity turbines in circumvention of EU sanctions, Siemens spokesman Michael Friedrich has said
  9. Reports say that Doha has allegedly agreed to meet the requirements of a new five-paragraph list which includes, among other things, the expulsion of a former Muslim Brotherhood preacher and the suspension of information attacks against the Gulf States and Egypt by Al-Jazeera
  10. German Foreign Minister Sigmar Gabriel and US Secretary of State Rex Tillerson will discuss the situation in the Persian Gulf, as well as crises in Ukraine and Syria on the sidelines of the G20 summit, according to the German Foreign Ministry



5th July 2017:

  1. Ukrainian police have detected and managed to block the second wave of ExPetr ransomware spreading following massive cyberattacks on country’s private and governmental sector last week, Ukrainian Interior Minister Arsen Avakov said
  2. The Russian government said in statement that it has extended the countermeasures against a number of states which previously imposed sanctions on Moscow
  3. A new ransomware type similar to WannaCry malicious software has been discovered in China, China Global Television Network (CGTN) reported, citing a Chinese mobile tools provider Cheetah Mobile
  4. The Syrian opposition is ready to release war prisoners captured during combat actions in the conflict-torn country, Yasser Abdel Rahim, military commander of Failaq Al-Sham military opposition group, currently participating in Astana talks
  5. A week after US President Donald Trump suggested India purchase more energy from the US, the country’s biggest refiner, Indian Oil, issued a tender to buy two million barrels of sour crude from the US and Canada
  6. Thec China National Space Administration has signed a memorandum of understanding (MOU) with the German Space Agency regarding cooperation on the Chang’e 4 lunar probe
  7. Russia’s military base in South Ossetia has been placed on high alert as part of a combat readiness inspection, the Southern Military District spokesman Col. Vadim Astafyev said
  8. The European Commission has allocated US$4.5 million to link the French and Irish electricity grids via an undersea cable. Irish lawmakers have said that the plan is an “obvious solution” to Ireland’s energy reliance on a post-Brexit UK
  9. The European Parliament endorsed the European Union’s first-ever political and economic cooperation deal with Cuba, with 567 votes in favor of and 65 opposing the motion
  10. Saudi Foreign Minister Adel al-Jubeir announced that Saudi Arabia and other countries that have imposed sanctions on Qatar are set to keep the boycott in place until Doha changes its policies “for the better”
  11. India and Israel have signed seven agreements including the setting up of an India-Israel Industrial Research and Development and Technological Innovation Fund worth $40 million
  12. None of the Arab countries proposed an initiative to freeze the participation of Qatar in the League of Arab States, the organization’s Secretary General Ahmed Aboul Gheit said
  13. Just days after the US sent a guided-missile destroyer near a disputed South China Sea island claimed by three nations, Washington’s Navy initiated naval drills with Vietnam
  14. Field marshal Khalifa Haftar, the leader of the Libyan National Army (LNA), has declared victory over his rivals in Benghazi during the nation’s multifaceted civil war. Benghazi, Libya’s second largest city, has been contested for three years by various factions vying for control of the nation


4th July 2017:

  1. Former US President Barack Obama visited South Korean President Moon Jae-In, as Moon seeks counsel on ways to deal with North Korea’s continued nuclear activities.
  2. Brazilian President Michel Temer has reversed his decision to skip the upcoming summit of G20 leaders,amid the probe into Temer’s alleged involvement in corruption.
  3. The idea of establishing the National Reconciliation Centre for Syria is on the agenda of Astana talks, but it may end up in convening a forum or a conference rather than creating a centre
  4. US Secretary of State Rex Tillerson will visit Ukraine on Sunday, local media reported
  5. Thousands of Indian Muslims registered their protest in New Delhi against Saudi Arabia for its alleged connivance with terrorist outfits including Daesh. The protesters said the Saudi Arabia should stop funding Daesh, Al-Qaeda, Hizb-ul-Mujahideen and other terrorist organisations
  6. Russian President Vladimir Putin has awarded the Order of St. Andrew to Chinese leader Xi Jinping
  7. Indian Prime Minister Narendra Modi’s decision not to visit Palestine during his Israel visit, has drawn criticism from a Muslim parliamentarian who believes that it will “strengthen Israel’s occupation of  the West Bank and Gaza
  8. Chinese President Xi Jinping said that he has the closest contact with Russia and its President Vladimir Putin out of all the countries and world leaders
  9. European Commission President Jean-Claude Juncker launched a furious tirade at absentee MEPs after only 30 out of 751 turned up in Strasbourg. Mr. Juncker said it was “ridiculous,” but was reprimanded by the European Parliament’s president, Antonio Tajani
  10. Chinese President Xi Jinping began his state visit to Russia Monday by reiterating that Sino-Russian relations are at their “best time in history,” and that his visit symbolizes a further improvement in the two countries’ “common destiny”
  11. The Greek government is preparing to take on the country’s pharmaceuticals, who have made fortunes selling brand-name medicines. The European Union has been putting pressure on Athens to switch Greek patients over to “generics”
  12. Head of the Russian delegation to the Astana talks on Syria Alexander Lavrentyev did not rule out the presence of Russian military police in the buffer zones in Syria


3rd July 2017:

  1. Israeli Defense Minister Avigdor Lieberman cautioned the country’s northern neighbors against testing the Jewish State’s patience following numerous cases of spillover fire from Syria.
  2. The representatives of London’s City would send a delegation to the European Union this week to discuss a post-Brexit agreement on financial services due to the concerns over the consequences of the United Kingdom’s withdrawal from the 28-nation bloc, local media reported.
  3. Two days after 10,000 people marched through London to demand an end to austerity, cracks have begun to appear in the Conservative Party. Foreign Secretary Boris Johnson has called for an end to the public sector pay cap.
  4. French prosecutors charged a 23-year-old man, who described himself as a nationalist, over an alleged plot to assassinate French President Emmanuel Macron during the July 14 Bastille Day parade in Paris, local media said.
  5. Germany has the capacity to limit migration flows to avoid a repeat of the 2015 refugee crisis, German Chancellor Angela Merkel said presenting her party’s electoral program.
  6. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain should not fear Qatar’s defense cooperation with Turkey amid the Gulf diplomatic crisis, because it contributes to security and stability in the region, Qatar’s ambassador to Turkey, Salem bin Mubarak said.
  7. According to the Polish foreign minister, the construction of a US missile defense base in Poland will be completed in a few months.
  8. Serbian President Aleksandar Vucic and Kosovo President Hashim Thaci agreed to start working on a new phase of reconciliation talks between Belgrade and Pristina during an informal meeting with EU Vice-President and High Representative for Foreign Affairs Federica Mogherini, the European Union’s diplomatic service said.
  9. German government’s spokesman Steffen Seibert confirmed the reports that Saudi King Salman Abdulaziz Al Saud would not take part in the G20 summit in Hamburg.
  10. In a move to strengthen border security along the eastern border, the Indian Army will deploy the weaponized version of indigenous advanced light helicopters by August this year.
  11. Moscow considers the deadly terrorist attack in the Syrian capital Damascus as an attempt to disrupt the political process in Syria, the Russian Foreign Ministry said in a statement.
  12. The plenary session of the European Parliament on July 4 will approve new temporary unilateral EU trade preferences for Ukraine in addition to the free trade zone created under the association agreement, a EP source said.
  13. Germany’s ruling bloc of the Christian Democratic Union (CDU) and the Christian Social Union (CSU) in its new election manifesto called the United States a “partner,” compared to a “friend and partner” in the 2013 program.