Pressure

House of Representatives holds off on Ukraine aid package − here’s why the US has a lot at stake in supporting Ukraine

Retrieved on: 
Wednesday, April 10, 2024

The U.S. has been the largest single donor backing Ukraine since Russian troops invaded the country in February 2022.

Key Points: 
  • The U.S. has been the largest single donor backing Ukraine since Russian troops invaded the country in February 2022.
  • Biden has asked Congress to approve another $95 billion in aid for Ukraine, Israel and other allies.
  • While the Senate passed this foreign aid bill in February 2024, it is stalled in the House of Representatives.
  • It is not entirely clear when and how the House will vote on Ukraine.
  • Still, as a scholar of Eastern Europe, I think there are a few important reasons why the U.S. is unlikely to cut funding to Ukraine.

Republicans are divided over Ukraine aid

  • Johnson is facing pressure to delay voting on the Ukraine foreign aid bill for a few reasons.
  • One major factor is fighting between Republicans, who hold a slim majority in the House.
  • While some centrist Republican politicians support Ukraine funding and are pushing for a vote on the foreign aid package, others – hard-right Republicans – want a bill that prioritizes what they say are American interests, meaning more of a focus on domestic U.S. problems.

Delays on Ukraine benefit Putin

  • As the House continues to stall on a vote, Ukraine is rationing ammunition and supplies.
  • Delays with foreign aid to Ukraine give Putin time to move forward with plans to purchase ballistic missiles from Iran.
  • Without foreign aid from the U.S., Ukraine will face a strategic disadvantage that could lead to Russia winning the war.

The US needs Europe to compete with China

  • One factor is U.S. global power competition with China.
  • Russian and Chinese leaders declared a military and political partnership days before Russia’s invasion of Ukraine in February 2022.
  • They announced on April 9, 2024, that they want to find ways to strengthen their joint security work across Asia and Europe.
  • U.S. political and military leaders have noted that supporting Ukraine and pushing back against Russia is one clear way to deter China from strengthening its global political power and military reach.
  • The U.S. needs its long-standing allies in Europe to help push back against China – and deterrence is only as effective as the size of the force doing the deterring.

Foreign aid benefits US arms industry

  • Most of America’s military aid to Ukraine consists of arms and ammunition from existing U.S. stockpiles.
  • If Congress approves an additional $60 billion for Ukraine, more than half of this money would go to U.S. factories that manufacture missiles and munitions.
  • In December 2023, Biden signed a U.S. defense policy bill that authorizes a record-high $886 billion in spending from July 2023 through June 2024.
  • But it also allows for the purchasing of new ships, aircraft and other types of ammunition.

Americans continue to support Ukraine aid


A majority of Americans still favor U.S. support of Ukraine, though about half of Republicans said in December 2023 that the U.S. is giving too much money to the country. Even though politicians do not always follow public opinion, there are clear reasons why it is not in the U.S.’s best interests to cut funding to Ukraine.
Tatsiana Kulakevich does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Pubic hair: beyond brazilians, more than manscaping

Retrieved on: 
Wednesday, April 10, 2024

So, what about pubic hair?

Key Points: 
  • So, what about pubic hair?
  • Let’s talk about sex
    Much of the effort that goes into shaping or removing pubic hair also shapes and defines sexual identities.
  • While the properties of pheromones are not as well established in humans, there’s speculation that pubic hair plays a significant role.
  • Pubic hair grooming has been associated with an increased risk of genital infections but this has also been refuted.

China has finally removed crushing tariffs on Australian wine. But re-establishing ourselves in the market won’t be easy

Retrieved on: 
Wednesday, April 10, 2024

China’s Ministry of Commerce has finally ended its tariffs on Australian wine, which had been imposed for more than three years at rates as high as 218.4%.

Key Points: 
  • China’s Ministry of Commerce has finally ended its tariffs on Australian wine, which had been imposed for more than three years at rates as high as 218.4%.
  • In 2019, Australia sold A$1.24 billion worth of wine to China, surpassing France to capture a market share close to 40%.
  • Last year, US imports of Australian wine actually fell by about 20%, the UK held flat, and sales to India remain trivial.

Since we’ve been gone

  • The departure of Australian wine from the Chinese market created a gap that was quickly filled by other suppliers.
  • But the size of China’s imported wine market has also more than halved over this period, falling from A$3.3 billion in 2019 to A$1.5 billion last year.
  • On re-entry, Australian wine producers are set to face stiff competition in a significantly smaller market.
  • Major Australian producers like Treasury Wine Estates have maintained sizeable staff headcounts in China, expecting the Chinese market to return to prominence in their business.

Lessons for Australia – could it happen again?

  • Conversely, Australia used the WTO to challenge Chinese tariffs on barley and wine.
  • To maintain the WTO’s effectiveness, Australia and China have a shared interest in restoring its appellate mechanism, the Appellate Body.
  • It also offers broader lessons for Australia and is another data point confirming a positive trajectory in the overall bilateral relationship.
  • Read more:
    Positive outlook, with a dash of humour: Wang Yi's visit sets the tone for a real diplomatic reboot


The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

‘Watch the ball!’: here’s why some sideline remarks are probably less helpful to your kids than you think

Retrieved on: 
Wednesday, April 10, 2024

This means parents will soon find themselves on cold weekends, watching their kids on the sidelines of soccer, netball and footy matches.

Key Points: 
  • This means parents will soon find themselves on cold weekends, watching their kids on the sidelines of soccer, netball and footy matches.
  • As they stamp their feet to stay warm, they may find themselves wanting to offer encouragement or guidance.
  • Parents behaviour matters
    A 2024 Australian pilot study surveyed 67 teenagers who play team sports and have parents watching from the sidelines.
  • These sorts of comments also very easily tip into more belittling remarks if children don’t respond or make a mistake.

In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)

Retrieved on: 
Wednesday, April 10, 2024

In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)

Key Points: 
  • In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)
    Nickel prices remained at a low position in 2023, posing a serious challenge to the global industrial chain.
  • Nickel Asia Corporation, a nickel producer from the Philippines, reported a decrease of 53% YoY in net profits in fiscal year 2023.
  • The general downturn of the nickel industry in 2023 reflects the fact that the global oversupply of nickel has not changed in the past two years.
  • On the other, the nickel supply-demand situation has seen predictions for marginal improvement, and this will surely boost nickel price.

EQS-News: BayWa AG expects earnings to improve in the financial year 2024

Retrieved on: 
Wednesday, April 10, 2024

BayWa AG closes the financial year 2023 with operating earnings of €304.0 million, just below the forecast for the year.

Key Points: 
  • BayWa AG closes the financial year 2023 with operating earnings of €304.0 million, just below the forecast for the year.
  • After deducting interest and tax, BayWa closed the past financial year with a loss of €93.4 million, down €332.9 million year on year.
  • “We are using 2024 for consolidation,” says Marcus Pöllinger, Chief Executive Officer of BayWa AG.
  • BayWa anticipates strong earnings growth in the current financial year, largely driven by a good apple harvest in New Zealand.

Syngenta Group reports $32.2 billion sales and $4.6 billion EBITDA in 2023

Retrieved on: 
Wednesday, April 10, 2024

Full-year sales of Syngenta Crop Protection were 5 percent lower at $15.5 billion after exceptional growth in the previous year.

Key Points: 
  • Full-year sales of Syngenta Crop Protection were 5 percent lower at $15.5 billion after exceptional growth in the previous year.
  • ADAMA sales decreased 17 percent to $5.6 billion for the full year 2023, with significant channel destocking, particularly in the Americas, affecting the comparison.
  • Syngenta Seeds sales grew 2 percent to $4.8 billion in the full year 2023 in an overall growing seeds market.
  • Sales of Syngenta Group China, consisting of the Group’s Seeds, Crop Protection, Crop Nutrition, MAP and digital activities in China, grew 11 percent to $9.6 billion in the full year 2023.

Edison issues update on Premier Miton Global Renewables Trust (PMGR): Deep dive on developers

Retrieved on: 
Wednesday, April 10, 2024

The energy developers segment of Premier Miton Global Renewables Trust’s (PMGR’s) holdings accounts for 30.2% of its portfolio (at 29 February 2024).

Key Points: 
  • The energy developers segment of Premier Miton Global Renewables Trust’s (PMGR’s) holdings accounts for 30.2% of its portfolio (at 29 February 2024).
  • These developers can generate significantly higher returns than other sections of the portfolio (eg yield plays and investment trusts) due to higher initial capital investment and development risk.
  • PMGR’s portfolio remains a diversified approach to renewable energy asset investing, with a mix across technologies, geographies and corporate structures.
  • PMGR is well-positioned to capitalise on the macroeconomic shift in global aims to further increase, enhance and speed up renewable energy production in 2024.

EQS-News: Ernst Russ AG: Positive business performance in 2023

Retrieved on: 
Wednesday, April 10, 2024

Hamburg, 18 March 2024 - The Ernst Russ Group recorded a positive performance in its assets, financial position and earnings in 2023, although the financial year was marked by serious geopolitical conflicts and national and international economic weakness.

Key Points: 
  • Hamburg, 18 March 2024 - The Ernst Russ Group recorded a positive performance in its assets, financial position and earnings in 2023, although the financial year was marked by serious geopolitical conflicts and national and international economic weakness.
  • Despite these adverse conditions, the Ernst Russ Group successfully expanded and rejuvenated its fleet in the 2023 financial year and continued the positive development of its assets, financial position and earnings.
  • "I am highly pleased with the company's performance," stated Robert Gärtner, CEO of Ernst Russ AG.
  • You can request a printed copy of the current Ernst Russ AG Annual Report 2023 in both German and English or download it at www.ernst-russ.de.

EQS-News: IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment

Retrieved on: 
Wednesday, April 10, 2024

IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment

Key Points: 
  • IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment
    The issuer is solely responsible for the content of this announcement.
  • IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment
    Ample liquidity with free available liquidity reserve of €1.4 billion (previous year: €1.2 billion)
    Dr Michael Wiedmann, Chairman of the Board of Managing Directors of IKB: “We have met our annual targets and are on track to achieving our medium-term goals.
  • 2023 was largely characterised by the increase in market interest rates against a difficult economic backdrop.
  • Table: IKB income statement for the 2023 financial year (Group, in accordance with German commercial law)