Week 2

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.


11th November 2016:

  1. The World Bank has revised its forecasts regarding the Russian economy upward, saying that the country’s GDP is expected to decline a total of -0.6% for 2016, compared to an earlier estimate of -1.2%. The institution also believes that the Russian economy is on the brink of recovery, with the economy expected to grow by 1.5% in 2017.
  2. The political earthquake caused by Donald Trump’s victory in the US Presidential elections and the decision by Britain to become the first member state to leave the European Union has sent shockwaves around Europe, fearing a backlash against the “arrogance of the political elite.”
  3. The Russian Federal Anti-Monopoly Service has launched a case against Microsoft for misusing its dominant position in the market.
  4. For nearly two decades, Russia fought tooth and nail for membership in the World Trade Organization, finally joining in August 2012 and becoming the last major economy to do so. Now, Russian officials are expressing serious concerns that the organization is in danger of collapsing, and taking the structures meant to regulate global trade with them.
  5. For several reasons, including increased competition from natural gas and more stringent state and federal environmental regulations, the use and production of coal fell more than 10 percent in the United States, according to a report by the US Department of Energy.
  6. The United States has sanctioned four individuals, including one Syrian, for links to the terrorist group formerly known as al-Nusra Front, the US Department of the Treasury’s Office of Foreign Asset Control said in a statement Thursday.
  7. The European Commission adopted the 2017 promotion strategy for EU agricultural products with a total budget of €133 million compared to the €111 million available for 2016, according to official statement.
  8. Ukrainian President Petro Poroshenko has extended apologies to Belarusian President Alexander Lukashenko over the recent incident with a Belarusian passenger plane, Belarusian television reported Thursday.
  9. A national magazine recall is underway after Newsweek jumped the gun and began selling President Clinton commemorative issues before the polls had closed on Tuesday.
  10. The German parliament backed the government proposal on Thursday to extend military deployment to a Turkish base and to provide personnel for NATO spy jets to monitor Daesh in Syria.
  11. The United Nations are proposing a plan consisting of four parts for saving Syrian city of Aleppo, Senior Adviser to UN Special Envoy for Syria Jan Egeland said Thursday.
  12. Iraqi Prime Minister Haider Abadi accused on Thursday a prominent human rights watchdog of publishing false reports on the situation in Mosul, which expose local residents to danger.
  13. Royal Dutch Shell is planning to invest $10 billion in Brazil over the next five years, the oil-and-gas company’s executive vice president for deep water Wael Sawan said.
  14. Russian Prime Minister Dmitry Medvedev is set to visit Palestine on Friday.


10th November 2016:

  1. Inflation in the euro area is expected to rise from 0.3% in 2016 to 1.4% in both 2017 and 2018, according to the forecast of the European Commission.
  2. Russian Railways (RZD) has signed a cooperation agreement with China Yingkou Port Group Corporation, a RIA Novosti correspondent reported from the signing ceremony.
  3. Turkish Foreign Minister Mevlut Cavusoglu said that Russia and Turkey had disagreements on Syrian President Bashar Assad, but Moscow and Ankara were discussing the issue of Syria.
  4. The five Nordic states, Denmark, Finland, Iceland, Norway and Sweden, signed a Memorandum of Understanding (MoU) enabling easy military access to each other’s territories, according to Sweden’s Defense Ministry.
  5. Philippine defense officials announced Wednesday that joint military exercises with the US have been approved by President Rodrigo Duterte, but the number of drills will be decreasing and will not include mock assaults.
  6. Repealing US President Barack Obama’s signature health care reform law, known as Obamacare, is one of the first items the US Senate will take up in the next session of Congress, Senate Majority Leader Mitch McConnell told reporters on Wednesday.
  7. British futures trader Navinder Sarao pleaded guilty to fraud and so-called spoofing charges in connection with a five-year scheme linked to the May 2010 “flash crash” on electronic trading platforms, the US Department of Justice said in a release.
  8. According to reports, Chinese Vice Minister of Public Security Hongwei Meng was elected the new president of the International Criminal Police Organization.
  9. Russia’s Rosneft and Venezuela’s PDVSA expect swap deliveries of crude and oil products to begin this year, the Russian company said Thursday.
  10. Iran’s Deputy Oil Minister saud that Tehran is hoping to sign new agreements with Russian energy companies by mid-December.
  11. According to media reports, Daesh leader Abu Bakr al-Baghdadi is choosing a successor among his supporters who would replace him in the event of his death.
  12. Japanese lower house of parliament ratified the Trans-Pacific Partnership (TPP) trade agreement, according to local media.


9th November 2016:

  1. Russia has harvested a record amount of grain and leguminous crops in the past 38 years.
  2. Signing a free trade deal between the Eurasian Economic Union and Israel would liberalize trade, Russia’s ambassador said.
  3. Russian Ambassador to Israel Alexander Shein said that a possible resumption of the Israeli-Palestinian negotiations is burdened with a range of serious challenges.
  4. Iran’s ambassador to Cyprus announced on Tuesday that Tehran was ready to host Cyprus unity talks.
  5. Switzerland added 10 high-ranking Syrian military, officials and other government supporters to its list of Syria sanctions, the cabinet said Tuesday.
  6. Russia’s largest lender Sberbank will have a record net profit margin by the end of 2016, Sberbank CEO Herman Gref said Tuesday.
  7. Kazakhstan’s President Nursultan Nazarbayev called for ban of nuclear weapons across the world, adding that he would urge the international community to stop spread of such weapons, as well as nuclear tests.
  8. The Leningrad Region will present an inter-regional tourism project “Russia’s Silver Necklace” at World Travel Market London 2016, the regional government’s press service reports.
  9. Moscow is expecting Chinese leader Xi Jinping to visit Russia in 2017, President Vladimir Putin said Tuesday.
  10. The European Union has targeted new individuals on the pretext of Crimea’s reunification with Russia.
  11. Israel has thwarted Palestinian attempt to join the International Criminal Police Organization (Interpol) due to joint efforts of country’s state bodies, Israeli Foreign Ministry and Police said in a statement of Tuesday.
  12. The Russian embassy in the United States confirmed Tuesday the death of a consulate employee in New York under unknown circumstances.
  13. Germany’s Foreign Minister Frank-Walter Steinmeier called for dialogue with Russia on the security situation in the Baltic region.
  14. The UAE Environment Ministry said that the demand for Russian goods in the United Arab Emirates market is expected to grow.
  15. German lawmaker Alexander Neu stated that elections in France and Germany may assist the progress in dialogue between the European Union and Russia.
  16. The European Parliament will consider a plan, which may enable British nationals to retain EU citizenship after Brexit, media reported on Wednesday.
  17. Foreign Ministry said that Russia will adopt response measures to the European Union’s expanded sanctions list.
  18. EU Chiefs invite Trump to summit to discuss next four years. Donald Tusk and Jean-Claude Juncker congratulated Donald Trump with his victory in the US presidential election.


8th November 2016:

  1. NATO is placing hundreds of thousands of troops on higher alert amid growing tensions with Russia, alliance’s Secretary-General Jens Stoltenberg said.
  2. Philippine President Rodrigo Duterte has ordered to cancel an arms deal with the United States on Monday.
  3. Oil oversupply and the slump in global oil prices are nearing their conclusion, United Arab Emirates (UAE) Energy Minister Suhail Mazroui said Monday.
  4. The suspension of the Russian Aerospace Forces’ operation in Syria continues, presidential spokesman Dmitry Peskov said Monday.
  5. A gang, allegedly linked to the Syria-based Kurdish Democratic Union Party (PYD), carries out arms supplies and human trafficking between Azaz and Afrin cities in northern Syria with assistance rendered by US relief foundations, Turkish media reported on Monday.
  6. UK Prime Minister Theresa May is preparing a bill on triggering Article 50 of the Lisbon Treaty to submit for parliamentary approval before the country starts the process of withdrawing from the European Union, Sky News reported, citing its own sources.
  7. The Iraqi army said in a statement that it has liberated the town of Hammam al-Alil near Iraq’s Mosul from Daesh terrorist group, and the army is moving toward the airport.
  8. The Chinese ambassador to Ukraine proposed to establish a free trade zone between the two countries.
  9. Moscow demands an investigation into a US airstrike in the Afghan province of Kunduz last week to punish those responsible for the incident that killed more than 30 civilians, the Russian Foreign Ministry said Monday.
  10. Iraqi Kurdistan’s Foreign Relations chief Falah Mustafa Bakir said on Monday that he had asked Moscow to provide military assistance in the fight against terrorists as well as humanitarian aid to refugees during a meeting with Russian Deputy Foreign Minister Mikhail Bogdanov.
  11. The Kurdish-led Syrian Democratic Forces (SDF) have begun to advance on Daesh’s de facto capital of Raqqa in Syria, the commander of the US-led coalition in Syria and Iraq, Lt. Gen. Stephen Townsend, said Monday.
  12. Germany is not taking part in the discussions of the possible sanctions against Turkey to stop its crackdown on the opposition, spokesman for the German government Steffen Seibert said Monday.
  13. The Turkish authorities are planning to launch the Akkuyu Nuclear Power Plant by 2023, Turkish President Tayyip Erdogan said Monday.
  14. Iraq’s state-sponsored People’s Mobilization Forces (PMF), also known as al-Hashd al-Sha’abi, do not need the United States to conduct airstrikes on Daesh targets during the operation aimed at freeing Mosul, Ahmet Arslan, a Turkmen commander with the PMF, said.
  15. Qatar hopes to become the Middle Eastern leader in the use of alternative energy sources, including solar energy, Saad Sherida al-Kaabi, the Qatar Petroleum president and CEO, said Monday.
  16. The idea of sending migrants rescued in the Mediterranean Sea back to Africa’s shores should be explored and negotiated on the EU-wide level, a spokesperson for the German Interior Ministry said Monday.
  17. The United States is working closely with Turkey and the Syrian Democratic Forces (SDF) on how to restore local governance during the liberation of Raqqa, US Department of Stage spokesperson Mark Toner said Monday.
  18. The US Department of State has requested up to five years to review 31,000 pages of emails by former Secretary of State Hillary Clinton that were recovered during an FBI probe into her private server, Judicial Watch President Tom Fitton said via Twitter on Monday after conducting a hearing with department officials.
  19. The Amnesty International rights group, whose office in Moscow was sealed off last week, will send the municipal authorities a notification with a request to sign a new contract to rent the same office, head of the organization’s office in Moscow Sergey Nikitin said Monday.
  20. The eurozone finance ministers will concentrate on financial relief program for Greece at their next meeting on December 5, Eurogroup President Jeroen Dijsselbloem said Monday.


7th November 2016:

  1. The former National Coalition for Syrian Revolution and Opposition Forces leader said that alienating Russia was a mistake made by some Syrian opposition groups.
  2. The experts from the United States and the Czech Republic will conduct an observational flight over Russia.
  3. Donald Trump said that the rank and file special agents of the Federal Bureau of Investigation will not let Democratic presidential candidate escape from punishment for the “crimes” she has committed.
  4. Russian specialists would carry out an observance flight over the territories of the United Kingdom.
  5. Observers from Russia and Belarus are expected to carry out inspection of military activities in Denmark.
  6. Kazakhstan’s President Nursultan Nazarbayev met Japanese Emperor Akihito on Monday to discuss the prospects of the relations between Astana and Tokyo, the president’s press service said.
  7. The Russia-China Investment Fund (RCIF) and China’s Tus-Holdings agreed Monday to establish a $100 million joint venture fund to support the countries’ cooperation potential in trade, the economy, investment, science and technology.
  8. A delegation of aviation authorities from Tajikistan arrived in the Russian capital for talks on the potential disruption of air traffic between the countries, a Russian Transport Ministry spokesperson told RIA Novostin on Monday.
  9. Japanese Prime Minister Shinzo Abe plans to meet Russian President Vladimir Putin in Peru on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in November to discuss the preparations for Putin’s visit to Japan, local media reported on Monday citing the Japanese official.
  10. The Switzerland-based think tank Horasis is convening the 2016 Horasis China Meeting, an event dedicated to China’s business relations with the rest of the world, on November 7-8.
  11. The next Russia-Japan intergovernmental commission will meet on November 15 to finalize the economic agenda of Russian President Vladimir Putin’s visit for talks with Japanese Prime Minister Shinzo Abe next month, the Deputy Russian Minister of Economic Development said Monday.
  12. Prosecutors will interview WikiLeaks founder Julian Assange in the Ecuadorian Embassy in London next Monday, November 14, on accusations of sexual assault allegedly committed in Sweden, the Swedish Prosecution Authority said in a statement Monday.
  13. President of Cyprus Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci will start a new round of talks on Monday, what may become critically important for settling the territorial dispute in Cyprus and paving the way to solving the problem by the end of 2016.
  14. The International Criminal Police Organization (Interpol) is holding its 85th General Assembly on November 7-10 in Bali, Indonesia.