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China and Russia hold naval exercises
RUSSIA / FSU POLITICS · In Brief · 15 Sep 2022

On September 15 the neighbors held the exercises in the Pacific Ocean. They wish to challenge American hegemony. Destroyers carried out live fire exercises and helicopter deck flights. The Russian Defense Ministry has been eager to publicize the exercises. It published videos. The communique ment...

Zelensky visits Izyum as Ukraine advances
RUSSIA / FSU POLITICS · In Brief · 15 Sep 2022

On September 15 the Ukrainian President visited the recently liberated city. Ukrainian Forces are pushing deeper into the Donbas. Western analysts think that this counter-offensive may soon run out of steam. Ukrainian supply lines are being stretched. Russian resistance is stiffening.  Zelensky p...

Economic growth decelerates in August, albeit unevenly across sectors
KAZAKHSTAN · In Brief · 15 Sep 2022

The Bureau of National Statistics reported that the short-term indicator (a monthly proxy for GDP) grew by 3.7% in 8M22 (in 7M22 it was up by 4.0%). The Kazakh statistical agency doesn't publish m-o-m and even y-o-y monthly figures for some economic indicators so that only cumulative numbers, suc...

Lula resumes the utilitarian voting approach, Bolsonaro appealed to women in his interview last night, and the TSE unanimously approved the implementation of one of the Armed Forces’ suggestions to increase electronic ballot box security
BRAZIL POLITICS · Report · 14 Sep 2022

In a meeting on Tuesday Lula said, “There are candidates who have 1% and still believe they will win, so with my 46%, I have to believe that, within the next 20 days, it is possible to gain the remaining 5% of votes that we need to win the elections.” With an eye on the female electorate, Bolsona...

Pandemic statistics update - September 14, 2022
CHINA ADVISORY · Report · 14 Sep 2022

Preliminary traffic and box office data suggests a slight improvement in conditions in China despite the continuing Covid lockdowns. After making strong gains for the early part of the summer, box office increases year on year dropped off in early September due to rising lockdowns. However, box ...

Further news on EU transfers
HUNGARY · In Brief · 14 Sep 2022

The local press (Népszava) reported this morning, referring to unofficial sources in Brussels, that the EU Commission is preparing to decide this Sunday (September 18) if it proposes sanctions against Hungary, and on what conditions, because of rule-of-law concerns. This would be just a few days ...

Halliburton out of Russia
RUSSIA / FSU POLITICS · In Brief · 14 Sep 2022

On September 8 the US oilfield services company said it was leaving Russia. It is one of the world's major oil product and service companies. Many consider it tardy in withdrawing from Russia. Halliburton has sold its Russian operation to Russian-based managers who formerly worked for Halliburton...

Kilicdaroglu gets 2 assists on his way to presidency
TURKEY · In Brief · 14 Sep 2022 · 1 response

Being busy with the quarterly, I failed to reflect two important controversies in the opposition camp, which received a torrent of negative commentary regarding the durability of the main opposition alliance, now dubbed the Table of Six (ToS) and whether pro-Kurdish Right Movement party HDP would...

Inflation and economic growth slow as government negotiates 2022 budget amendment
DOMINICAN REPUBLIC · Report · 13 Sep 2022

Monthly inflation in August (0.21%) slowed sharply compared to average monthly inflation in January-July 2022 (0.76%). Economic activity growth also slowed in July (4.7% y/y). Even so, accumulated economic growth from January-July was 5.5%, compared to the same period in 2021. The Central Bank...

Threat of hyperinflation looms
VENEZUELA · Report · 13 Sep 2022

In August it became clear that hyperinflation was stalking Venezuela. After 11 months in the single digits, inflation jumped to 16 percent. The trigger was a non-coordination between the Treasury and the Central Bank of Venezuela (Banco Central de Venezuela, or BCV). The BCV reduced the supply of...

The latest polls show different scenarios, Lula received Marina Silva’s support yesterday, and Bolsonaro will give an interview to SBT tonight
BRAZIL POLITICS · Report · 13 Sep 2022

The FSB/BTG Pactual poll published yesterday showed a reduction in the distance between Lula and Bolsonaro from 8 to 6 percentage points. The IPEC poll published last night, on the other hand, showed Lula's advantage increasing in relation to Bolsonaro. Yesterday, Lula received Marina Silva's (Re...

Armenia appeals for Russian help as Azerbaijan attacks
RUSSIA / FSU POLITICS · In Brief · 13 Sep 2022 · 1 response

On September 12 Armenia invoked its defensive alliance with Russia. There have been several exchanges of fire, and both Azerbaijan and Armenia claim to have killed enemy soldiers. Armenia says that Azerbaijan is trying to advance into internationally recognized Armenian territory. They also accus...

Factors that may affect the elections and other weekly topics
BRAZIL POLITICS · Report · 12 Sep 2022

Minister Rosa Weber assumes the presidency of the Supreme Federal Court (STF), replacing Luiz Fux. The Court also concludes the judgment on the national nursing salary floor. This week's Talking Points: Factors that may affect the elections Three weeks before the first round of the elect...

The Challenges and Projections for 2023
BRAZIL ECONOMICS · Forecast · 12 Sep 2022

From both the international and domestic standpoints, the economic scenario for 2023 is challenging. Global growth is decelerating, more so in Europe than in the United States, a pattern that also holds sway in China and the great majority of other emerging countries. As a leading exporter of com...

Politics: AMLO makes considerable progress in his political-military project and his drive to split the opposition
MEXICO · Report · 12 Sep 2022

In the past week and a half President López Obrador succeeded in his controversial proposal for putting the ostensibly civil National Guard under the direct control of the Ministry of Defense until 2024. The initiative fast tracked through both chambers of Congress and deepened divisions within o...