Shoshan Choshi, The Economist's defense editor, delves into the resilience of Russian intelligence and a daring CIA initiative to recruit double agents amidst heightened tensions. Duncan Weldon discusses the moral quandaries of Saudi investment in Newcastle United and its impact on local sports culture. They explore the potential for a commodities super cycle, spurred by the green energy transition, while examining how evolving market demands are reshaping commodity dynamics. Intriguing insights blend geopolitics with the world of sports.
Russian intelligence agencies are regrouping and enhancing covert operations to counter aggressive CIA recruitment tactics.
Commodities super cycle expectations have declined due to market uncertainty and fluctuating consumer preferences.
Deep dives
Implications of CIA Recruitment of Russian Spies
The CIA released an ad aimed at recruiting Russian spies as double agents, which is a bold move to taunt its rival intelligence agencies openly. Although this aggressive recruitment strategy may seem to weaken Russian intelligence agencies, there is evidence that they are regrouping and enhancing their covert operations to counter such recruitment attempts. Despite past setbacks and embarrassments like the failed assassinations and intelligence leaks, Russian agencies are restructuring, improving coordination, and tightening security to avoid further exposure.
Rise and Fall of Commodity Prices Post-Pandemic
The post-pandemic economic recovery initially hinted at a commodities super cycle with rising demand for various raw materials like fuels and metals, essential for green energy initiatives such as electric vehicles. However, the commodity boom has since declined, with significant drops in prices of crucial metals like lithium and nickel. Uncertainties arising from technological advancements, government policies, and shifting consumer preferences have contributed to the volatile commodity market.
Controversy Surrounding Saudi Investment in Newcastle United
The acquisition of an 80% stake in Newcastle United by Saudi Arabia's wealth fund sparked excitement among fans for potential revival of the struggling football club through substantial financial backing. Despite improved on-pitch performance and possible economic benefits for the city, the source of the Saudi money raised ethical concerns due to Saudi Arabia's human rights record. The influx of foreign cash poses a dilemma, with fans and local authorities weighing the benefits against moral compromises associated with where the investment originates.
A slew of spycraft mishaps might suggest Russia’s once-great intelligence services have hopelessly decayed. Do not be fooled: the spooks are back, and better. We ask why a “supercycle” commodities boom might not come to pass, even though the conditions are ripe for one (10:04). And the questions raised as football attracts Saudi investment to England’s north-east (15:50).
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