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India prepares to build a third aircraft carrier
India is set to add a third aircraft carrier worth $5B to its fleet, with its Defense Acquisition Council likely to clear the deal on Friday, according to Bloomberg.
China’s shadow financial system is creaking under increasing amounts of bad debt
Chinese authorities have launched a criminal investigation into Zhongzhi Enterprise Group, one of the country’s biggest shadow lenders, days after it told investors it was “severely insolvent”. The firm blamed “internal management [running] wild” for its problems, which is one of the rarer corporate excuses you’re ever likely to hear.
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Top Briefings
Venezuela claims “overwhelming victory” in its referendum on territorial dispute with Guyana
Venezuelan authorities have announced (🇻🇪) overnight that >95% of votes cast in a referendum yesterday (Sunday) backed the government’s claims to the remote region of Essequibo, which has long been ruled by neighbouring Guyana.
COP28 off to a solid start
Just as our co-founder Helen sets foot in Dubai, there’s a major breakthrough: after months of negotiations, nearly 200 nations have agreed on how to run a ‘loss and damage fund’ to help poorer countries weather the impacts of a changing climate.
Deck the Halls with International Intrigue
We’re all looking forward to the upcoming “New Year, New Me” content, but first, let’s enjoy these final days of 2023 with some last-minute gift suggestions for the upcoming holidays.
Court forces Panama to shut a key copper mine
Panama’s Supreme Court ruled unanimously (🇵🇦) on Tuesday that the law behind the country’s vast Cobre Panama copper mine was “unconstitutional”.
