AMERICA
Trump’s Tariff Threats, Rising Egg Prices, and Global Trade Tensions
1. Trump Proposes High Tariffs on Mexico, Canada, and China
President-elect Donald Trump has announced a 25% tariff on Mexican and Canadian imports and an additional 10% tariff on Chinese goods. The measures aim to curb irregular border crossings, drug trafficking, and fentanyl smuggling. Trump stated these tariffs would remain until these nations resolve the issues. The announcement caused international market disruptions and reaffirmed his “America First” policies.
2. Egg Prices Rise Amid Bird Flu Outbreak in US
Egg prices in the US have risen over 60% compared to last year, driven by a bird flu outbreak and holiday demand. The average price in October was $3.37, up from $2.07 in 2023. While shortages are temporary, supermarkets might contribute to price spikes. Prices remain below the peak of $4.82 from early 2023.
3. Trump 2.0 and the End of the Liberal Order
Donald Trump’s return as US president is expected to intensify attacks on human rights, gender equality, climate action, and immigration policies. His administration plans restrictive measures like mass deportations, rollback of LGBTQ rights, and pro-Israel stances. Global climate agreements and liberal norms may face severe setbacks under his leadership. Critics fear his policies will further dismantle the already weakened liberal world order.
4. Canada and Mexico Urge Dialogue After Trump’s Tariff Threat
Canadian PM Justin Trudeau and Mexican President Claudia Sheinbaum called for cooperation after US President-elect Donald Trump announced plans for 25% tariffs on imports from their countries. Sheinbaum warned of inflation and job losses, while Trudeau emphasized the need to maintain strong bilateral ties. Trump justified the tariffs to combat drug smuggling and illegal immigration, with additional tariffs targeting China. Critics argue these measures will increase costs for Americans and strain international relations.
ASIA
Clashes and Protests in South Asia Over Political and Social Issues
1. Clashes in Bangladesh Over Hindu Leader’s Detention
Bangladesh police used tear gas to disperse Hindu protesters in Dhaka and Chittagong after religious leader Chinmoy Krishna Das was arrested on sedition charges. A court denied him bail, leading to violent protests where demonstrators clashed with police. India urged Bangladesh to ensure the safety and justice for minorities amidst the unrest.
2. Macquarie Dictionary Chooses ‘Enshittification’ as Word of 2024
Australia’s Macquarie Dictionary has selected “enshittification” as its word of the year, describing the online deterioration of services due to profit-driven quality reduction. The term reflects widespread concerns about worsening experiences in the digital world. It beat out other contenders like “looksmaxxing” and “overtourism.”
3. Clashes in Islamabad as Imran Khan Supporters Demand Release
Four security personnel were killed as supporters of jailed ex-Pakistan PM Imran Khan breached a police lockdown in Islamabad. Thousands of Pakistan Tehreek-e-Insaf (PTI) party members clashed with authorities, demanding Khan’s release ahead of his terrorism charges court hearing. The government condemned the violence, calling it extremism. PTI denied claims that the security forces were rammed by a vehicle.
4. Violent Clashes in Islamabad as Imran Khan Supporters Protest
Thousands of supporters of jailed former PM Imran Khan clashed with security forces in Islamabad on November 26, 2024. Protesters from the Pakistan Tehreek-e-Insaf (PTI) party breached security barriers and faced tear gas and rubber bullets while demanding Khan’s release. Despite the lockdown, many protesters reached the central D-Chowk square.
5. Philippine VP Denies Assassination Plot Against President
Philippine Vice President Sara Duterte denied plotting to assassinate President Ferdinand Marcos Jr., calling the threat a “plan without flesh.” Duterte had previously claimed she ordered the killing of Marcos and his family, but emphasized it was conditional on her own death first. Investigators have summoned her for questioning, while the president vowed to act against the threat.
MENA
Middle East Ceasefire Efforts, Economic Deals, and Ongoing Challenges
1. Israel to Present Ceasefire Deal with Hezbollah
Israeli Prime Minister Netanyahu plans to present a draft ceasefire agreement with Hezbollah to his cabinet, aiming to end a 14-month conflict that has caused significant casualties. The deal, brokered by the U.S. and France, involves a possible Israeli military withdrawal and a Hezbollah pullback. Despite progress, Israel’s far-right opposition warns it could miss the chance to eradicate Hezbollah.
2. Middle East Crisis: Ongoing Violence and Suffering
The first rains in Gaza bring added suffering, with many areas at risk of flooding. UN humanitarians condemned the violence in Gaza, Lebanon, and Israel, while a special meeting at the UN Headquarters marked the International Day of Solidarity with the Palestinian People. Efforts for a ceasefire deal between Israel and Hezbollah are ongoing.
3. Saudi Arabia Secures Over $9 Billion in Metals Deals
On November 26, 2024, Saudi Arabia announced nine investment deals worth over $9 billion in the metals and mining sectors with companies like Vedanta and Zijin Group. The agreements are part of the Kingdom’s Vision 2030 plan to diversify its economy. Notable projects include copper facilities, zinc smelters, and rare earth processing plants aimed at enhancing domestic production and economic growth. The deals underscore Saudi Arabia’s push to attract foreign investment and reduce dependence on fossil fuels.
4. Saudi Arabia Approves 2025 Budget with $26.9bn Deficit
Saudi Crown Prince Mohammed bin Salman approved the 2025 budget with a planned deficit of 101 billion riyals ($26.88 billion). The budget includes spending of 1.285 trillion riyals and expected revenues of 1.184 trillion riyals. This marks the Kingdom’s financial plan as part of its Vision 2030 objectives.
EUROPE
Global Concerns: Political Shifts, Military Tensions, and Social Movements
1. Ukraine Braces for Trump’s Presidency with Concern
Ukraine’s military is preparing for uncertainty as President-elect Donald Trump’s vague peace plan and unpredictable stance on Russia create concern. Trump has promised to end the war with Russia in 24 hours but has not provided details, while also threatening to cut military aid unless Kyiv engages in peace talks with Moscow.
2. Drones Spotted Near US Military Bases in UK
Drones were spotted near three US military bases in the UK, including RAF Mildenhall, RAF Lakenheath, and RAF Feltwell, on November 25-26, 2024. The US Air Force stated the drones were not hostile and caused no impact on operations. Authorities are investigating the coordinated sightings, which have raised concerns about a potential “sinister” plot. British troops are assisting in the inquiry.
3. Global Rallies for End to Violence Against Women
Tens of thousands rallied worldwide on the International Day for the Elimination of Violence Against Women. A UN report revealed 140 women and girls are killed daily by intimate partners or family members, totaling 51,100 deaths in 2023. Africa reported the highest victim count, and the home remains the most dangerous place for women. Despite efforts, killings continue at alarmingly high levels globally.
4. Russian Offensive Gains Ground in Donetsk Region
Russian troops are making significant tactical advances in Ukraine’s western Donetsk region, approaching key areas such as Velyka Novosilka and threatening important Ukrainian supply lines. The Russian forces are aiming to capture settlements along the H15 road and encircle Ukrainian positions near Vuhledar. These moves could place Russian troops within 23km of the Donetsk-Dnipropetrovsk border.
