At UN, Africa urges fiscal help against virus ‘apocalypse’

African nations came out swinging on the third day of the United Nations annual gathering of world leaders Thursday, calling for dramatic fiscal measures to help economies survive the coronavirus pandemic — which one leader called the “fifth horseman of the apocalypse.”

US hopes to agree sale of F-35 stealth fighter jets to UAE by December 2020

Reuters has learned that the US and the United Arab Emirates hope to have a letter of agreement on the sale of American of F-35 stealth fighter jets to the Arab state in time for UAE National Day on December 2. A close ally of America, the UAE has long been interested in purchasing the jets and was promised it would be able to do so upon normalizing relations with Israel.

Erdogan breaks with Trump over Israel deals and Iran

Turkish President Recep Tayyip Erdogan accused Israel of abusing the Palestinian people and lashed President Trump and Persian Gulf nations as “collaborators” during his speech to the United Nations General Assembly Tuesday.

Trump to UNGA: ‘We intend to deliver more peace agreements shortly’

US President, Donald Trump voiced optimism that more peace agreements to normalize ties between Israel and Arab countries are possible when he addressed the opening session of the 75th UN General Assembly. As the General Debate is taking place mostly virtually this year due to COVID-19, Trump delivered his speech from the White House.

US to deploy small number of additional troops to Syria

The US is sending around 100 extra troops to Syria to protect against increasing Russian aggression and signs of renewed activity from ISIS in the region, the New York Times (NYT) reported Friday. The newly deployed soldiers will be added to a contingent of some 500 American troops in Syria. Additional military hardware will also be sent and there will be more fighter jet patrols.

U.S. Imposes New Sanctions On Iran Defense, Atomic Industries

The United States has imposed sanctions on more than two dozen people and entities involved in Iran’s atomic activities or its missile and conventional weapons programs, as Washington unilaterally seeks to enforce a UN arms embargo against the Middle East country.

‘Russian President’s Friend Laundering Millions Through Bank’

Leaked documents suggest that one of Russian President Vladimir Putin’s closest friends used a prominent British bank to launder millions of dollars and evade Western sanctions. Separately the company of U.S. President Donald Trump allegedly benefited from laundered money, but officials denied those charges.

Global debt has sky rocketed

In a reflection of the COVID-19 crisis and ensuing governmental measures, Global debt/GDP skyrocketed to an all-time high in the first quarter of 2020, Zero Hedge reports. Overall debt for the non-financial sector has jumped from 241% of global GDP at the end of 2019 to 252% of global GDP now. This is the biggest jump ever recorded by the Bank for International Settlements (BIS).

Europe Racing To Limit Second Wave Of Coronavirus Infections

Europe is racing to contain rising coronavirus infections and prevent more hospitalizations and deaths. Authorities in several countries announced new restrictions, sparking protests in Spain, which saw one of the lockdowns.

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