Coming Up This Week

  • Bosnians commemorated the 25th anniversary of the Srebrenica massacre yesterday (the genocide lasted from July 11-22, 1995).

  • Poland is voting in a second-round presidential election today. The incumbent president, Andrzej Duda, is a conservative running against the socially liberal mayor of Warsaw, Rafal Trzaskowski. Duda won more votes in the first round, but not enough to avoid this run off.

  • The postponed U.S. tax filing deadline is Wednesday, July 15th.

  • The European Central Bank Governing Council meets in Frankfurt on Thursday. Analysts don’t expect any major changes.

LME Commodity Spot Prices

  • Aluminum: $1,640/ton

  • Copper: $6,323/ton

  • Cobalt: $28,500/ton

  • Gold: $1,800/toz


  • Wells Fargo banned employees from using TikTok on their company phones because of security concerns. Amazon had announced a similar ban, but then backtracked and said the email about it had been sent in error. Sinophobes worry the China-based company behind TikTok is using the app to collect data on users for the Chinese government.


  • Iran released a report about the Jan. 11 accidental shooting down of a Ukrainian passenger jet with 176 people aboard. The report attributed the incident to a misaligned battery system and communication malfunctions that prevented the soldiers operating the missile from consulting their superiors.


  • Khalifa Haftar’s LNA said it would maintain its blockade on Libya’s oilfields and ports “until the orders of the Libyan people are implemented.” Those “orders” include a demand for oil revenue to go into a new bank account abroad for distribution between the two governments, and an audit of central bank accounts’ past spending.


  • Guyana’s Chief Elections Officer (CEO) presented a report declaring victory for incumbent president David Granger in the disputed March 2nd election. The opposition has already distanced itself from the CEO and rejected his ruling before it was given.


  • Congolese Justice Minister Celestin Tunda resigned after a dispute with Pres. Tshisekedi. Tunda had sought to implement a new law that would give politicians more control over criminal prosecutions, and Tshisekedi didn’t want that. PM Ilunga threatened the whole government’s resignation when Tshisekedi had Tunda briefly arrested last week; it’s clear the balance is still very fragile and we may still see broader resignations.


  • Armenian and Azerbaijani troops exchanged fire and blame in the Nagorno Karabakh / Artsakh border region they contest, and two Azerbaijani troops were killed. Both sides say the other one started it.

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