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Western Powers Threaten Israel Sanctions; UK-EU Reset Relations as Food Trade and Territorial Disputes Reshape Global Landscape

May 20, 2025

Good Morning,

The International Court of Justice is weighing in on the contentious oil-rich islands claimed by both Equatorial Guinea and Gabon. Meanwhile, Israel faces unprecedented diplomatic pressure as Britain, Canada, and France threaten sanctions over the ongoing crisis in Gaza, signaling a shift in Western nations' approach to the conflict. In East Asia, Japanese Prime Minister Fumio Kishida confronts a brewing economic crisis as skyrocketing rice prices threaten to undermine his administration ahead of crucial elections. Across the English Channel, a new era dawns between the United Kingdom and European Union with fresh agreements signed five years after Brexit, offering hope for improved relations despite the lingering complications of their separation. Adding to global market concerns, Brazil's poultry and meat exports to the European Union have been halted due to bird flu outbreaks, disrupting food supply chains.

Finnish Defence Minister Antti Hakkanen arrives to the summit of the Baltic Sea NATO countries at the Presidential Palace in Helsinki, Finland, on January 14, 2025. Photo - Lehtikuva/Antti Aimo-Koivisto/ REUTERS

Top Stories

  • Finland to use proceeds from frozen Russian assets to supply ammunition to Ukraine - Reuters

  • More storms threaten the central US as thousands recover from deadly tornadoes - AP

  • ICJ Backs Equitorial Guinea In Spat With Gabon Over Oil-rich Islands - Barron’s

  • Britain, Canada, France threaten sanctions against Israel over Gaza - Reuters

  • Runaway rice prices spell danger for Japan’s prime minister as elections loom - The Guardian

  • The UK and the EU hail a new chapter as they sign fresh deals 5 years after Brexit - AP

  • Brazil can no longer export poultry and meat to EU due to bird flu - Reuters

United States

  • Credit rating downgrade triggers warning signs for U.S. economy - PBS 

  • Homeland Security says 64 people left US on first self-deportation flight - BBC 

  • More storms threaten the central US as thousands recover from deadly tornadoes - AP

  • Trump mega-bill takes one step closer to House vote - BBC

  • Bipartisan group of US lawmakers introduce bill to boost nuclear power - Reuters

Africa

  • Tariffs Create Markets — Just Not the Ones Policymakers Want - War on the Rocks

  • Tanzania’s most prominent opposition leader appears in court on charges of treason - AP

  • South Africa's Ramaphosa aims to mend US ties with Musk business push - Reuters

  • ICJ Backs Equitorial Guinea In Spat With Gabon Over Oil-rich Islands - Barron’s

  • Oil prices rise on signs of faltering US-Iran nuclear talks - Reuters

Middle East

  • Aid workers express dissatisfaction as Israel’s blockade pushes Gaza towards famine - AP

  • From blockade to aid: How US pressure shifted Israel’s Gaza policy - comment - Jerusalem Post

  • Britain, Canada, France threaten sanctions against Israel over Gaza - Reuters

  • Iran warns nuclear talks will fail if US pushes for zero enrichment - Times of Israel

  • Deadly blast rocks police station in eastern Syria, killing three - Al Jazeera

Indo-Pacific

  • Runaway rice prices spell danger for Japan’s prime minister as elections loom - The Guardian

  • U.S. Placing Visa Restrictions on India's Travel Agency Owners - Newsweek

  • Thailand and Indonesia announce strategic partnership, vow to boost economic and defense ties - AP

  • Kanye West concert in South Korea cancelled over 'controversies' - Reuters

  • China cuts benchmark lending rates for the first time in 7 months in Beijing’s growth push - CBS

Europe

  • Finland to use proceeds from frozen Russian assets to supply ammunition to Ukraine - Reuters

  • French government covered up Nestlé's illegal treatment of bottled water, inquiry finds - Euro News

  • The UK and the EU hail a new chapter as they sign fresh deals 5 years after Brexit - AP

  • Trump says Russia, Ukraine agree to immediate ceasefire talks, Kremlin offers no timeframe - Reuters

  • UK police arrest third man over fire at PM Starmer’s house - CNN

Latin America

  • Argentina's farmers describe 'sea of water' after downpour hits harvest - Reuters

  • El Salvador arrests human rights lawyer critical of President Bukele - CNN

  • Miami Republicans Push Back on Trump's Deportation Plans - Latin Times

  • China’s Patience Will Beat US Threats in Latin America - Bloomberg

  • Brazil can no longer export poultry and meat to EU due to bird flu - Reuters

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