Newsletter of Sep 25, 2021

Peru and Venezuela agree to repatriate 42,000 Venezuelans

Peru and Venezuela agree to repatriate 42,000 Venezuelans willing to come back to their home country. The current refugee crisis is the world’s second worst. Peru’s position towards Venezuela also created confusion in a government formed recently. It was enhanced by the current discussions between Maduro’s regime and opposition parties. Read More

International Court of Justice hears Nicaragua and Colombia on maritime dispute

Nicaragua and Colombia have been arguing for more than 20 years about a small archipelago for maritime territory. Read More

U.A.E. terrorist list adds pressure on Nigeria’s officials

The United Arab Emirates terrorist list includes 6 Nigerians prosecuted for having funded Boko Haram. The list revives pressure on Nigeria to fight terrorism in its own country. Read More

Sudan froze assets to Hamas

Sudanese authorities froze assets of Hamas, the Palestinian militant group once supported by the overthrown Bashir regime. Seized assets include real estate, company shares, a TV station and farmlands. Sudan’s shift of power and democratic transition resulted in being removed from the list of states sponsoring terrorists, opening the door to alleviate its massive debt. Earlier this week, authorities also announced they stopped a coup attempt linked to the former regime. Reuters

Europe’s inflation spike is temporary for the ECB

The ECB estimates an inflation rate of 2.2% at the end of the year in Europe, and expects it will come down to 1.7% in 2022. ECB President, Christine Lagarde, considers the current inflation spike is temporary as it is caused by “frictions” in the reactivation of the economy. However, she explained that a lot of the higher inflation was caused by energy prices. They were “rock bottom” but have gone up since last year. Yet, she also explains the fossil energy transition, an “adjustment period”, may still feed inflation on a longer term. “Things will fall into place as new sources of supply will be identified”. Not so temporary after all. CNBC

California tackles Amazon’s working conditions

A new Californian law forces companies to disclose warehouse productivity statistics and bar companies from disciplining employees who would follow health and safety laws. It targets Amazon’s working conditions, the second largest employers of the United States. The California Retailers Association considers it would exacerbate current supply chain issues. Fox Business

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