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☆ No hope for the future: Economic struggles add fuel to Iran's protests
▼ + stars: | 2022-10-12 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

Anti-government uprisings are to remain a sticking point and increase in frequency in Iran's political landscape as dissatisfaction with other factors like the country's economic conditions surface, according to analysts. These protests will be met with force, and increase the Islamic Republic's dependence on Iran's elite armed forces, the Islamic Revolutionary Guard Corps, she told CNBC. Iran's supreme leader Ayatollah Khameinei broke his silence last week and called the protests "riots." Iran's economic troublesInflation in Iran is expected to remain high at over 30%, according to the World Bank. Anti-government uprisings are to remain a sticking point and increase in frequency in Iran's political landscape as dissatisfaction with other factors like the country's economic conditions surface, according to analysts.

☆ Israel and Lebanon reach historic agreement to resolve a long-running maritime border dispute
▼ + stars: | 2022-10-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Israel and Lebanon have brokered a historic agreement to resolve a long-running maritime border dispute on Tuesday, following months of negotiations mediated by the United States. Israel and Lebanon reached a historic agreement to resolve a long-running maritime border dispute on Tuesday, following months of negotiations mediated by the United States. "This is a historic achievement that will strengthen Israel's security, inject billions into Israel's economy, and ensure the stability of our northern border," Israel's Prime Minister Yair Lapid said in a statement. Negotiations pertaining to the Israeli-Lebanese border dispute over gas-rich waters off the countries' Mediterranean coasts have been ongoing since October 2020. The Israel president also thanked U.S. special envoy Amos Hochstein for his "hard work" in mediating the agreement.

☆ UAE president to meet Putin in Russia, a week after OPEC+'s deep output cuts
▼ + stars: | 2022-10-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

According to UAE state media WAM, UAE President Sheikh Mohamed bin Zayed al-Nahyan (pictured) and his Russian counterpart Vladimir Putin will be discussing the countries' "friendly relations," alongside "regional and international issues and developments of common interest." The president of the United Arab Emirates, Sheikh Mohamed bin Zayed al-Nahyan, will head to Russia on Tuesday to meet his counterpart Vladimir Putin. According to UAE state media WAM, both leaders will be discussing the countries' "friendly relations," alongside "regional and international issues and developments of common interest." The UAE ruler's visit comes a week after OPEC+, an alliance of oil producers which includes Russia and the UAE, agreed to impose deep output cuts to shore up crude prices despite calls from the U.S. to pump more to bolster the global economy. Following the announcement of the UAE leader's visit, Dubai's former finance chief said on Twitter that Mohamed was heading to Russia to "[defuse] a European war that exhausted the world."

☆ Shaquille O’Neal reveals Jeff Bezos's investing principle that he still uses today
▼ + stars: | 2022-10-10 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Shaquille O'Neal attends the second preseason NBA game between Atlanta Hawks and Milwaukee Bucks at Etihad Arena on October 8, 2022 in Abu Dhabi, United Arab Emirates. "If you invest in things, it's going to change people's lives, you will definitely get a nice return," the previous NBA star recalled Bezos sharing in a tech conference in Vegas. NBA legend Shaquille O'Neal shared an investment principle he heard from Amazon founder Jeff Bezos, which he says has inspired his approach ever since. O'Neal added his own ten cents: "Never think about the monetary aspect ... it's not important to me." Is it gonna change people's lives?

Oil prices rose around 4% on Monday morning. Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. "A further uptick in trading activity coupled with tightening near-term oil fundamentals could well push oil prices back to $100/bbl," Brennock said in a research note. Storage tanks and oil processing facilities operate beside the Arabian Sea at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. The upcoming OPEC+ meeting in Vienna will result in an oil production cut "of some historic kind", said CIO of Pickering Energy Partners, Dan Pickering.

☆ India's military relationship with Russia isn't going away — it'll 'endure for decades,' analyst says
▼ + stars: | 2022-09-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Russian President Vladimir Putin with Indian Prime Minister Narendra Modi on the sidelines of the Shanghai Cooperation Organization leaders' summit in Samarkand on Sept. 16, 2022. Alexandr Demyanchuk | Afp | Getty ImagesIndian Prime Minister Narendra Modi may have publicly rebuked Russian President Vladimir Putin over the war in Ukraine, but the longstanding friendship between the two countries isn't going away, analysts said. Russian Foreign Minister Sergey Lavrov, for his part, claimed that Russia and India were "friends," a month after Ukraine was invaded. But despite India's apparent change in stance over the war, India still needs Russia, analysts told CNBC. "Russia remains India's most important [military] partner," he added.

☆ Airline tickets could become even more expensive, aviation execs warn
▼ + stars: | 2022-09-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Walsh added that while consumers are paying higher ticket prices, airlines are not necessarily making a profit. watch nowAirline ticket prices have spiked by 25% in the past year — the biggest annual jump since 1989. Russia-Ukraine warBut another factor could contribute to even higher ticket prices — Russia's announcement of a military mobilization, said Qatar Airways CEO Akbar Al Baker. Oil prices jumped by more than 2% after Putin's announcement, following concerns of an escalation of the war in Ukraine and squeezing oil and gas supplies. Hopes for affordable sustainable fuelAl Baker called for more investments in alternative fuel, and that Qatar Airlines is "ready to invest in sustainable aviation fuel" on the condition that it is "reasonably priced."

☆ Shorter showers, slower driving and an Eiffel Tower blackout: How Europe plans to cut gas usage this winter
▼ + stars: | 2022-09-21 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

"We're already there … savings this month have already surpassed the 15% target," said senior energy strategist from Goldman Sachs, Samantha Dart. Kenzo Tribouillard | Afp | Getty ImagesShe added that northwestern Europe's estimated August gas consumption was 13% below average. "We believe this is more than enough savings to go through winter without blackouts or a heating crisis," Dart said, assuming that the average winter weather scenario holds. "Achieving the 15% reduction target vs business as usual will be difficult, but not impossible," Gloystein told CNBC. A cold winter could make it difficult to achieve the demand reduction needed in Europe.

☆ Egypt's Suez Canal fee hike won't have a 'massive' impact on trade flows, analyst says
▼ + stars: | 2022-09-19 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Egypt announced on Saturday that it will raise transit fees in 2023 for all types of vessels passing through the Suez Canal. According to a statement released by the Suez Canal Authority, transit fees for tankers passing through the canal will rise by 15%. The increase for dry bulk carriers and tourist ships is 10%. "The increase is inevitable and a necessity in light of the current global inflation rates," the authority's chief, Osama Rabiee, said in the statement. He added that the decision factored in the impact of increased energy prices.

☆ 'No limits' relationship between China and Russia has limitations, professor says
▼ + stars: | 2022-09-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

"It's an unequal partnership, and China is in the dominant position in the relationship," said Matthew Sussex, an associate professor from Griffith University in Australia. He attributed it to the fact that Russia needs China more than China needs Russia. China and Russia's relationship may not necessarily be on equal footing, said an associate professor from Griffith University, Matthew Sussex. Still, the strategic partnership between China and Russia will continue to exist, said associate professor at University of Nevada, Xiaoyu Pu. "China will not provide any military support… to Russia, so I think China has its own reservations about Russia's war," he said.

☆ Japanese support for a nuclear restart is at its highest since Fukushima disaster, says former IEA executive director
▼ + stars: | 2022-08-17 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

In a first for Japan since the Fukushima nuclear disaster in 2011, public support for a nuclear restart is now at more than 60%, said a former executive director of the International Energy Agency, citing a possible energy shortage and a "very cold winter" as reasons. "Japanese public support's more than 60%, and it was the first time ever that support of nuclear power is starting to come over 50% after (the) Fukushima accident," said Nobuo Tanaka, now the chair of the Innovation for Cool Earth Forum. Japanese Prime Minister Fumio Kishida announced in May that the country will take firm steps to restart idled nuclear power plants to stabilize energy supply and prices. In 2011, the Fukushima Daiichi nuclear power plant was hit by a massive earthquake and tsunami, which killed nearly 16,000 people and caused the world's worst nuclear disaster since Chernobyl in 1986. Though there have been reservations among the Japanese public over the use of nuclear energy, particularly when it comes to the issue of safety, Tanaka said the future of nuclear power is now safer, and stressed the importance of minimizing risk and maintaining "peaceful use."

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