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Dow Slumps 2,000 Points After Oil Shock

Wall Street’s main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession. Trading on U.S. stock exchanges was halted immediately after opening, as the benchmark S&P 500 .SPX fell 7% to its lowest since June 2019, triggering an automatic 15-minute cutout put in place after the 2008-2009 financial crisis.

Read Here – Reuters

Also Read: US Trading Halted As Shares Plunge Around The World

All You Need To Know About Latest Saudi Crackdown In 500 Words

Saudi Arabia has launched a new crackdown against senior royals and top officials, according to several reports, in what appears to be Crown Prince Mohammed bin Salman‘s latest effort to consolidate control of all major levers of power inside the kingdom.

Read Here – Al Jazeera

 

India And US Have Enduring Friendship, Says Trump

 

Indian Prime Minister Narendra Modi welcoming U.S. President Donald Trump in the western city of Ahmedabad. Photo/PIB

US President Donald Trump and First Lady Melania Trump arrived in India on Monday, for a 36-hour-long visit to India, which is likely to strengthen bilateral defence and strategic ties. Prime Minister Narendra Modi welcomed Trump with a hug at the Ahmedabad airport, after which the two leaders embarked on a 22-km-long roadshow from the airport to Sabarmati Ashram.

Read Here – The Indian Express

Governments Are Clamping Down On Foreign Tech Investments

State inspection of foreign investments at home isn’t novel. Probing NGOs and mandating registration of foreign lobbyists are just two decades-old examples. What’s different today is that countries are accelerating and expanding these powers where they already exist, or freshly architecting them altogether. It’s a way for governments to address two things: perceived foreign influence over their domestic technology spheres, and perceived risks of foreign governments using investments and acquisitions to access sensitive data.

Read Here – Wired

NATO Leaders Attempt United Front After Day Of Drama

U.S> President Donald J. Trump meets with President Emmanuel Macron of France and Canadian Prime Minister Justin Trudeau in between separate meetings with each leader Tuesday, Dec. 3, 2019, in London. (Official White House Photo by Shealah Craighead)

NATO leaders tried to overcome the birthday blues and put on a united front as a meeting near London got under way, following a day of drama that revealed deep wounds within the military alliance.

Read Here – Al Jazeera

When It Comes To China, Local And National Priorities Don’t Always Align

The security, economic and social rationale of both central and municipal governments are understandable. However, this difference of interests on China between a capital and local governments is a not a new phenomenon and it exists globally. Such a split can also be seen in China itself, where local government priorities may differ from those mandated by Beijing.

Read Here – South China Morning Post

The Unraveling Of Donald Trump

Photo courtesy: White House Flickr

The boiling mind of Trump has spawned a cottage industry for cognitive experts who have questioned whether he is, well, all there. But as the impeachment inquiry barrels ahead on Capitol Hill, several associates of the president, including former White House aides, worry that his behavior is likely to get worse. Angered by the proceedings, unencumbered by aides willing to question his judgment, and more and more isolated in the West Wing, Trump is apt to lash out more at enemies imagined and real…

Read Here – The Atlantic

When Politicians Play Web Designers

The term “dark patterns” does draw attention to maliciously intentioned organizations that hoover user data, counter to their users’ needs. Most of these regulatory proposals, however, fail to recognize that dark patterns are only a subset of opinionated design that guide users toward a goal in a particular way. Most good design is opinionated.

Read Here – Wired

As China Surges, Europe Is On The Menu

China’s naval expansion and commercial push into Europe are aimed at redefining the global trade and security system to the detriment of the democratic West. Europe and the U.S. need to wake up to the challenge.

Read Here – American Interest

The Developing World’s Water crisis has Arrived

Developing economies across Asia, Africa and South America, known as the Global South, are steadily running out of drinking water and accessing what is available is blowing a major hole in household budgets, a study across 15 cities has revealed. The study says the water crisis is severely “underestimated” and privatising water supplies in some places has exacerbated the problem.

Read Here – Asia Times

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