Meet the world’s new arms dealers | Top analyst Ed Yardeni raises the odds of recession to 25% citing oil prices rising to $94 and a potential repeat of 1970s-style stagflation | Is the end of AIDS in sight?

View online | Unsubscribe (one-click).
For inquiries/unsubscribe issues, Contact Us

Want to accelerate software development at your company? See how we can help.

NUS School of Computing - Analytics from Data to Insights Programme

Truein

Meet the world’s new arms dealers - The Economist

THE SIGHT of North Korea’s chubby leader, Kim Jong Un, shaking hands with Vladimir Putin on September 13th—having travelled by train to a spaceport in Russia’s far east to discuss selling its dictator a stash of Korean weapons—was remarkable both on its own terms and for what it said about the business of selling arms. The world’s five biggest arms-sellers (America, Russia, France, China and Germany) account for more than three-quarters of exports. But up-and-coming weapons producers are giving the old guard a run for their money. They are making the most of opportunities created by shifting geopolitics. And they are benefiting from the Russian invasion of Ukraine.

Mr Kim’s trip to Russia followed a visit to Pyongyang in July by Sergei Shoigu, Russia’s defence minister, who wanted to see if North Korea could provide gear that would help his country’s faltering war effort. North Korea would love to find buyers for its military kit. And few regimes are willing to sell Russia arms. China has so far been deterred from providing much more than dual-purpose chips (although it could yet channel more lethal stuff through North Korea). Only Iran has obliged, selling some 2,400 of its Shahed “kamikaze” drones.

North Korea could provide a wider range of stuff. As well as drones and missiles such as the KN-23, which is almost a replica of the Russian Iskander ballistic missile, it could offer self-propelled howitzers and multi-launch rocket systems. According to sources in American intelligence, North Korea has been delivering 152mm shells and Katyusha-type rockets to Russia for the best part of a year. Russia is shopping in Pyongyang and Tehran because both regimes are already so heavily targeted by international sanctions that they have nothing to lose and much to gain by doing business with Mr Putin’s government. They are not so much an “axis of evil” as a marketplace of pariahs.

Continued here

You Might Like

?

?

?

?

?

?

?

?

?

Want to accelerate software development at your company? See how we can help.

NUS School of Computing - Analytics from Data to Insights Programme

Truein

Top analyst Ed Yardeni raises the odds of recession to 25% citing oil prices rising to $94 and a potential repeat of 1970s-style stagflation - Fortune

Despite his peers sounding the alarm about the potential for a U.S. recession for over two years now, Ed Yardeni, founder and chief investment strategist at Yardeni Research, has remained steadfastly bullish. The veteran market watcher, who spent decades in various prestigious Wall Street positions and previously served as a Federal Reserve Bank economist, has long argued that the odds of a “hard landing” for the U.S. economy are relatively low due to fading inflation and a strong labor market.

But on Monday, Yardeni revealed that the rapid rise in oil prices this summer has raised the prospect of a 1970s-style era of persistent inflation and a recession.

Brent crude oil prices, the international benchmark, have risen 30% to over $94 per barrel since June 27 amid consistent OPEC+ and Russian crude production cuts, leading to a more than 8% jump in U.S. retail gasoline prices over the same period. While the current $3.88 national average price for a gallon of gasoline remains well below its $5 June 2022 peak, Yardeni argued in a Monday note that the rising prices are “a concern.”

Continued here

You Might Like

?

?

?

?

?

?

?

?

?

Want to accelerate software development at your company? See how we can help.

NUS School of Computing - Analytics from Data to Insights Programme

Truein

Is the end of AIDS in sight? - The Economist

How can cotton wool help in the fight against AIDS? The answer is surprising, and illuminates how complicated it will be to beat the deadliest sexually transmitted sickness of all time. The struggle involves not only dazzling science but also old-fashioned insights into human behaviour, rational and irrational.

Many people who do not have HIV, the virus that causes AIDS, know they are at risk. They can take pre-exposure prophylaxis (PrEP), a kind of drug that reduces their chance of contracting it by 99% or so. This comes as a daily pill, and is popular among gay men in rich countries.

However, there is a much larger group of people at high risk, for whom a daily pill is far from ideal: heterosexual women in poor places where HIV is still very common. If their boyfriends discover they are taking the pill, they may conclude that their girlfriend does not trust them, or that she is planning to cheat on them. And a depressing number of boyfriends who suspect such things react violently.

Continued here

Want to accelerate software development at your company? See how we can help.

NUS School of Computing - Analytics from Data to Insights Programme

Truein

You Might Like

?

?

?

?

?

?

?

?

?

You are receiving this mailer as a TradeBriefs subscriber.
We fight fake/biased news through human curation & independent editorials.
Your support of ads like these makes it possible. Alternatively, get TradeBriefs Premium (ad-free) for only $2/month
If you still wish to unsubscribe, you can unsubscribe from all our emails here
Our address is 309 Town Center 1, Andheri Kurla Road, Andheri East, Mumbai 400059 - 93544947