News Updates – 2017 – July – Week 4

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.

 

24th July 2017:

  1. The leaders of Russia, Germany, France and Ukraine, the so-called Normandy Four, will hold a telephone conversation on the Ukrainian conflict settlement.
  2. President of the European Commission Jean-Claude Juncker has called on the commission to urgently discuss the response of the European Union to possible new anti-Russian sanctions that could be introduced by the United States.
  3. In what is said to be a major milestone in a long-running radioactive clean-up operation, an underwater robot has recorded images of significant deposits of what is suspected to be melted nuclear fuel at the bottom of one of the damaged reactors at Japan’s Fukushima nuclear plant.
  4. The 2017 BRICS Youth Summit kicks off in the Chinese capital of Beijing on Monday and will last through Friday.
  5. Newly appointed White House Communications Chief Anthony Scaramucci admitted that he had incorrectly commented on US President Donald Trump’s position on the bill regarding new sanctions targeting Russia, as well as North Korea and Iran, local media reported.
  6. European Commission President Jean-Claude Juncker is especially concerned over the fact that the energy-related restrictive measures against Russia might be used against European companies involved in the development or operation of energy export pipelines in Russia or to Europe, according to media reports.
  7. Tzipi Livni, former Israeli Foreign Minister, has said she fears the country is on the verge of a religious battle with the Muslim world. Her comments follow days of violent clashes after security forces imposed controversial security measures at a disputed shrine in Jerusalem.
  8. Greek Prime Minister Alexis Tsipras stated that the key priority of the Greek government at the moment is to regain the country’s economic sovereignty.
  9. The European Commission delegation is in talks with the US House of Representatives on the new sanctions against Russia, according to Commissioner Johannes Hahn.
  10. Serbia is keen to become a transit country for natural gas supplies to Europe via the Turkish Stream pipeline project, energy expert Jelica Putnikovic said.
  11. The UK government approved US$370 million (£283 million) in arms sales to Saudi Arabia in the six months after the infamous October 2016 airstrike on a funeral hall in Yemen, which killed 140 and injured hundreds.
  12. Philippine’s president Rodrigo Duterte said that Philippine authorities should put a stop to the extraction and exportation of mineral resources for process abroad and importing them back to the Philippines.
  13. UK army personnel statistics show the number of fully trained soldiers has dropped below a previous “trained strength” target of 82,000 to 78,010 – a shortfall of 3,990 fully trained troops, and the lowest total since the 18th century – and critics say the country’s military faces a “potentially very, very dangerous crisis” as a result.
  14. Evo Morales accused Washington of supporting separatism in his country and preparing his assassination in 2008.