The OPCW seeks access to Syria to investigate chemical weapon use and identify perpetrators after Assad’s ouster. Positive signals suggest cooperation from new leadership, with the U.S. and allies urging swift action to eliminate remaining weapons. Despite prior destruction of stockpiles, risks persist amid Syria’s unrest. The OPCW emphasizes justice for victims and accountability for chemical attacks.
TRUMP URGES ACTION ON MYSTERY DRONES: “SHOOT THEM DOWN.”
President-elect Donald Trump urged authorities to “shoot down” mysterious drones reported nationwide, questioning government awareness on Truth Social. While investigations continue, National Security Advisor John Kirby stated there’s no evidence of a security threat or foreign link. The drones, first seen in New Jersey, remain unexplained despite federal and White House scrutiny.
SWITZERLAND DROPS INDIA’S MFN TAX CLAUSE AFTER NESTLE RULING.
Switzerland suspended the MFN clause in its DTAA with India, citing India’s Supreme Court ruling in the Nestle case. The court held that MFN status doesn’t apply automatically under OECD membership, favoring bilateral treaty terms instead. This decision impacts Indian companies in Switzerland and Swiss investments in India, particularly regarding dividend tax rates previously assumed under the MFN clause.
CHINA’S DEFLATION WORSENS AMID LOW DEMAND AND MODEST STIMULUS.
China’s deflation, driven by declining demand amid a real estate downturn, risks tying a 1990s record. Policymakers are cautious with stimulus, focusing on tech-driven growth instead of traditional infrastructure boosts. Consumer confidence and investor outlook remain weak, reflected in low bond yields. A potential U.S.-China trade clash, with a 60% U.S. tax on Chinese goods, could exacerbate challenges for both nations.
SOUTH KOREA IMPEACHES PRESIDENT YOON; PM VOWS STABILITY.
South Korean lawmakers impeached President Yoon Suk Yeol over his martial law controversy, with 204 votes in favor. Yoon, now suspended, awaits a court ruling on his fate, while PM Han Duck-soo assumes interim leadership, pledging stable governance. Massive protests reflected deep public divisions, with large crowds both supporting and opposing Yoon’s removal. The impeachment follows a failed earlier attempt.
