Russian naval group arrives in Venezuela after visiting Cuba and carrying out tests in the Atlantic

After passing through Cuba, a group of Russian military ships arrived on the coast of Venezuela this Tuesday. Made up of the Admiral Gorshkov frigate, the Kazan nuclear submarine, an oil tanker and a rescue tug, the naval group previously carried out maritime exercises in the Atlantic.

Trump Would Put December Fed Cut In Doubt; Maybe Even Cause A Hike

Former IMF Chief Economist Maurice Obstfeld said it would be hard for the Fed to justify a rate cut in December if Trump wins the November elections.

In an interview with Market News, Obstfeld said the inflationary consequences of Trump’s ideas will cause the Fed to wait and see what the fiscal programme ends up looking like. So far, Trump has said he’d like to lower taxes, increase tariffs on all imports and significantly penalise Chinese imports.

Indeed, Obstfeld told Market News that if Trump implemented all that he’s talked about, the Fed might need to even hike rates.

https://marketnews.com/mni-interview-dec-fed-cut-doubtful-if-trump-wins-obstfeld

🇺🇸 House Democrats Consider Demanding Biden Withdraw From Race

🔶️ Dozens of Democratic lawmakers are considering signing a letter demanding President Joe Biden withdraw from the race, a senior party official said, as panic mounts that he’ll cost them control of Congress.

🔶️ Charles Myers, Signum Global Advisors chairman and founder, a top donor to Biden’s campaign, said during an interview on “Bloomberg Surveillance” that events are moving “much faster against the president” than he expected.

🔶️ “I think they got probably anther five to six days,” he said.

https://www.bloomberg.com/news/articles/2024-07-03/biden-debate-disaster-will-cost-them-house-and-senate-democrats-fear

https://archive.ph/qVFFF

🇮🇹 🇨🇳 🇱🇾 Italian authorities seize Chinese drones bound for Libya

🔶️ Labelled as parts for wind turbines, the Wing Loong unmanned aircraft were reportedly due to be loaded on a ship bound for Benghazi in Libya and delivered to General Khalifa Haftar, the strongman running the east of the country.

🔶️ Italy intercepted the drones after a tip off from the US, which is increasingly alarmed by Haftar’s growing ties to Russia as Moscow continues pouring weapons and troops through the port of Tobruk to support its military presence in Africa.

🔶️ He was backed in his campaign by the UAE, which allegedly operated Wing Loong drones over western Libya and was accused of using one to fire a missile at a Tripoli military academy, killing 26 cadets.

🔶️ “The academy attack was a disaster for the UAE, with such loss of young life, and it stands to reason it took a step back at that point,” said Alia Brahimi, an academic with the Atlantic Council.

🔶️ “It is also likely that either they or the Chinese are training Libyans to fly the drones, meaning Haftar will have personnel to use them as he tries to buy more,” she said.

🔶️ “The plan was to sell millions of drums of crude oil to China without anyone knowing about it,” said a Canadian official at the time of arrests.

🔶️ “If oil is being used to buy drones by Haftar it means the natural resources of Libyans are being diverted to buy weapons that could then be used to kill them,” said Brahimi.

https://www.thetimes.com/world/europe/article/italian-authorities-seize-chinese-drones-bound-for-libya-xpqqxvxqg

https://archive.ph/ONLbJ

🇺🇸🦁- New York Times poll released this afternoon shows President Trump beating Joe Biden by 6 points among likely voters and 8 points among registered voters.

The Biden White House released a memo earlier today warning staff not to panic about this polls release however over 400 business leaders and Democrat donors have signed a letter asking Joe Biden to step aside.

This polls release will lead to more defections from elected Democrats, expanding upon the 25 most vulnerable House members who were already circulating private letters demanding Biden to step down.

⚠️ Confirmed: Live metrics show a rapid decline in internet connectivity in #Jamaica as Hurricane Beryl lashes the island, with electricity shut down by authorities to protect the power grid; national connectivity currently registers at 39% of ordinary levels 🌀