Headlines from a busy weekend and a big product update
Andrew Sheves Good morning.
It was a busy weekend: here are the headlines.
South Korea’s Parliament voted to impeach President Yoon Suk Yeol for his declaration of martial law two weeks ago. Prime Minister Han Duck-soo takes over as acting president while the impeachment process continues. Courts have 180 days to decide Yopon’s fate. [SOURCE - BBC]
Anti-EU candidate Mikheil Kavelashvili was elected president of Georgia, raising fears that the country was being pulled back into Moscow’s orbit. [SOURCE - AP]
Two Russian tankers broke apart dramatically in the Kerch Strait between Crimea and Russia, reportedly causing significant spills of oil and petroleum. [SOURCE - G Captain] Compounding the potential damage is the lack of adequate insurance on many Russian tankers due to international sanctions, meaning that there could be insufficient funds to pay for the cleanup.
Israel announced plans to expand control farther into the Golan Heights to create a wider buffer zone with Syria, although most regional observers see this as an opportunistic land grab into Syria. [SOURCE - Reuters]
The US and European powers are establishing contact with the new Syrian regime despite a reluctance in Washington to de-designate Hayat Tahrir al-Shams (HTS) as a terrorist group. [SOURCE - Washington Post]
Cyclone Chido hit the French protectorate of Mayotte with estimates that hundreds, possibly thousands, have been killed. Mayotte is a French overseas départment, northwest of Madagascar. [SOURCE - France24]
Commodity and Rate Snapshot
🛢️** Crude Futures (WTI)**
$70.52
🚢 Containers (FBX Index)
$3,659
💵 **USD:EUR **
$1.05 (Price of 1EUR in USD)
₿ Bitcoin
$104,671
As at December 16, 06:30ET - Data is illustrative, not for decision-making.
Financial data via Bloomberg, Freightos and AlphaVantage
Before we get to the ratings, I am very excited to share the latest from Decis Intelligence.
Dynamic Risk Tracking in the Decis Platform
Make the risk assessment update you, not the other way around
As risk managers, we spend weeks, maybe months, each year updating our risk assessment. It’s a key part of the job.
But the problem is 1) these become snapshots in time, unresponsive to event
Carpe tomorrow!