CSP WEEKLY UPDATES (November 2-8, 2024)

2405

THE UNITED STATES OF AMERICA & THE UNITED NATIONS

Ø  How Donald Trump completed a historic political comeback

https://edition.cnn.com/2024/11/06/politics/how-donald-trump-won/index.html

Ø  PM Shehbaz looks forward to working with new US admin

https://www.dawn.com/news/1870625/pm-shehbaz-looks-forward-to-working-with-new-us-admin

Ø  Pakistan to welcome UN, US for peace, ceasefire efforts in Gaza, Lebanon: Asif

https://www.nation.com.pk/07-Nov-2024/pakistan-to-welcome-un-us-for-peace-ceasefire-efforts-in-gaza-lebanon-asif

Ø  Two Pakistan-origin candidates win US elections

https://tribune.com.pk/story/2507814/us-elections-pakistani-american-salman-bhojani-wins-in-texas

Ø  Each President Would Have Different Policies Toward Iran

https://www.hudson.org/foreign-policy/each-president-would-have-different-policies-toward-iran-hr-mcmaster

Ø  The State—and Fate—of America’s Indo-Pacific Alliances

https://www.rand.org/pubs/commentary/2024/11/the-state-and-fate-of-americas-indo-pacific-alliances.html

Ø  As Middle East Crisis Grinds On, Pentagon Shows Signs of Strain

https://www.washingtonpost.com/national-security/2024/11/05/pentagon-middle-east-israel-gaza/

Ø  Pakistan for focus on ‘UN-recognised disputed territories’

https://tribune.com.pk/story/2507080/pakistan-for-focus-on-un-recognised-disputed-territories

Ø  Lebanon conflict at ‘critical point’ with more than 3,000 confirmed dead

https://news.un.org/en/story/2024/11/1156571

Ø  Lebanon: UN condemns increasing loss of life and civilian suffering

https://news.un.org/en/story/2024/11/1156496

Ø  How has the war in Gaza affected UNRWA’s ability to support Palestinians?

https://news.un.org/en/story/2024/11/1156606

Ø  Rise in Afghan opium cultivation reflects economic hardship, despite Taliban ban

https://news.un.org/en/story/2024/11/1156566

RUSSIA & EUROPE

Ø  Bank of England cuts rates but sees higher inflation after Reeves’ budget

https://www.geo.tv/latest/573234-bank-of-england-cuts-rates-but-sees-higher-inflation-after-reeves-budget

Ø  Prolongation of Ukrainian conflict narrows options for diplomacy — Erdogan

https://tass.com/world/1868749

Ø  Europe’s leaders face up to Trump victory at Hungarian summit

https://www.bbc.com/news/articles/cly2z73127vo

Ø  Germany Avoids Recession, but Weak Growth Weighs on Europe

https://www.nytimes.com/2024/10/30/business/europe-economy-germany.html

Ø  Trump’s election deepens Ukraine’s pessimism as Russia war rages

https://www.aljazeera.com/news/2024/11/7/putins-victory-trumps-election-deepens-ukraines-pessimism

Ø  Australia spy chief says West faces new Russia, China, Iran, N Korea ‘axis’

https://www.aljazeera.com/news/2024/11/6/australia-spy-chief-says-west-faces-new-russia-china-iran-n-korea-axis

Ø  Zelensky Urges Trump to Help Defend Ukraine Against Russia

https://www.nytimes.com/2024/11/06/us/politics/zelensky-trump-ukraine-russia.html

Ø  ‘Too early to rejoice’: Why Russia isn’t celebrating Trump win – yet

https://www.aljazeera.com/news/2024/11/7/why-russia-isnt-celebrating-trump-win-us-election

Ø  Spain announces $11.4bn aid package for flood affected areas

https://www.aljazeera.com/news/2024/11/5/spain-announces-10-6-billion-euro-aid-package-for-flood-affected-areas

Ø  Germany’s opposition says Scholz must hold immediate confidence vote

https://www.aljazeera.com/news/2024/11/7/early-german-elections-likely-as-scholz-fires-minister-coalition-collapses

Ø  Biden ‘rushing’ billions in aid to Ukraine as Trump win fuels uncertainty

https://www.aljazeera.com/news/2024/11/7/biden-rushing-billions-in-aid-to-ukraine-as-trump-win-fuels-uncertainty

Ø  UK blacklists mercenary groups in Africa in latest sanctions against Russia

https://www.aljazeera.com/news/2024/11/7/uk-blacklists-mercenary-groups-in-africa-in-latest-sanctions-against-russia

POLITICAL ECONOMY & NON-TRADITIONAL THREATS

Ø  SBP Weekly Data Report
http://www.sbp.org.pk/ecodata/index2.asp

Ø  ‘Pakistan unable to launch bonds’

https://www.dawn.com/news/1869495/pakistan-unable-to-launch-bonds

Ø  New pacts with 18 IPPs likely in six months

https://www.dawn.com/news/1870376/new-pacts-with-18-ipps-likely-in-six-months

Ø  Unacknowledged pillars of rural economies

https://www.dawn.com/news/1869683/unacknowledged-pillars-of-rural-economies

Ø  Falling credit profile blamed for foreign banks’ exit

https://www.dawn.com/news/1870951/falling-credit-profile-blamed-for-foreign-banks-exit

Ø  SBP cuts policy rate by 250bps, exceeding forecasts, in fourth straight easing

https://www.geo.tv/latest/572635-sbp-cuts-policy-rate-by-250bps-marking-its-fourth-consecutive-monetary-easing

Ø  Pakistan eyes ‘Single B’ credit rating this fiscal year, says FinMin

https://www.geo.tv/latest/573058-pakistan-eyes-single-b-credit-rating-this-fiscal-says-finmin

Ø  Govt seeks to negotiate loan terms

https://tribune.com.pk/story/2508157/govt-seeks-to-negotiate-loan-terms

Ø  SOE reforms: missing link to economic revival

https://tribune.com.pk/story/2507276/soe-reforms-missing-link-to-economic-revival

Ø  The monster named capacity charge

https://tribune.com.pk/story/2507278/the-monster-named-capacity-charge

Ø  IMF team to arrive in Pakistan next week with mini-budget talks on cards

https://www.geo.tv/latest/573158-imf-team-to-reach-pakistan-next-week-with-mini-budget-talks-on-cards

Ø  Oil prices fall as Hurricane Rafael expected to start weakening

https://www.reuters.com/markets/commodities/oil-prices-fall-hurricane-rafael-expected-start-weakening-2024-11-08/

Ø  TAPI gas project not sustainable for Pakistan if India opts out

https://www.geo.tv/latest/572968-tapi-gas-project-not-sustainable-for-pakistan-if-india-opts-out

Ø  Watering Cholistan

https://www.dawn.com/news/1870934/watering-cholistan

Ø  Negotiating climate finance

https://www.dawn.com/news/1870652/negotiating-climate-finance

Ø  Strengthening agricultural credit

https://www.dawn.com/news/1869686/strengthening-agricultural-credit

Ø  Agriculture: Jeopardising the future of the Indus delta

https://www.dawn.com/news/1869682/agriculture-jeopardising-the-future-of-the-indus-delta

Ø  Pakistan looks to utilise Australian expertise in agriculture, livestock

https://tribune.com.pk/story/2508128/pakistan-looks-to-utilise-australian-expertise-in-agriculture-livestock

Ø  Pakistan suffers ‘$100bn loss’ due to climate change

https://www.brecorder.com/news/40331327

Ø  Year 2024 to be the first to breach 1.5C warming limit: EU climate agency

https://www.aljazeera.com/news/2024/11/7/year-2024-to-be-the-first-to-breach-1-5c-warming-limit-eu-climate-agency

Ø  Developing world faces multi-billion climate adaptation cash gap, UN report says

https://www.dawn.com/news/1870797/developing-world-faces-multi-billion-climate-adaptation-cash-gap-un-report-says

Ø  Trump victory is a major setback for climate action, experts say

https://www.bbc.com/news/articles/c5ygplyg09ro

Ø  Analysis: Pakistan’s COP29 priorities

https://dialogue.earth/en/climate/analysis-pakistans-cop29-priorities/

Ø  ‘Climate diplomacy’: Can smog bring India and Pakistan together?

https://www.aljazeera.com/news/2024/11/1/climate-diplomacy-can-smog-bring-india-and-pakistan-together

Ø  Will climate commitments hold at COP29?

https://tribune.com.pk/story/2507277/will-climate-commitments-hold-at-cop29