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Russia abandons Open Skies Treaty

newsflight january 18

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Market News

  • Hang Seng: After a difficult 2020, things might be looking up for Hong Kong and its major index the Hang Seng. 
  • FTSE 100: This week appeared to be perhaps the most devastating for the UK’s FTSE index since the second wave of COVID-19 hit Europe.
  • Dow Jones: In the US, the Dow Jones Index appeared to take a dip and close down Fridays as Joe Biden announced proposed stimulus measures.

Last Week’s Highlights

Russia Follows the US in Abandoning Open Sky Treaty

The Open Sky Treaty has been in effect since 2002, when dozens of countries signed on to allow global aerial reconnaissance missions. In November of last year, the Trump Administration pulled out of this decades-long, Cold War era agreement. This action prompted questions about the US’ relationship with partner countries, all of whom had seen this agreement as a way to maintain good relations. As of last Friday, Russia will do the same. This news begs the question of how US-Russia relations will unfold during the new Biden Administration.

Cases Drop, COVID-19 Still Maintains its Hold on London

Just over a week ago, the mayor of London, Sadiq Khan, announced a state of emergency. Major development in case loads in the UK had been skyrocketing, as Europe’s second wave rages on. And while reports of infections appear to be slowing, there still doesn’t seem to be light at the end of the tunnel for the capital city. In fact, hotels have begun to receive patients where hospitals and clinics cannot. The numbers are staggering, reaching beyond the first wave’s peak number of cases in less time.

Coming Up This Week

The US Inauguration in the Wake of Political Violence

Next week promises a change in presidential power in the United States of America, as Joe Biden prepared to take office on January 20th. However it is not without major uproar from Trump supporters. Since November, Donald Trump has refused to concede that he lost the votes of both the public and the electoral college. And just as the new year began, he encouraged political violence, resulting in the storming of the US Capitol. While Donald Trump was unable to unite Congress and the nation on new stimulus measures, Joe Biden appears to already have a major plan in place to take the country out of its current pandemic slump.

Worldwide Vaccination’s Early Phase

The Pfizer and Moderna vaccines are being approved around the world, which means that distribution is underway. However, this doesn’t mean smooth sailing quite yet. Why? Because though these vaccines have been proven to be over 90% effective in clinical trials, there is still margin for infection. For this very reason, the WHO warns countries of only focusing vaccines, while other social distancing and PPE measures may remain necessary.


More Things to Sip On…

Indonesia experiences a devastating earthquake.

Donald Trump becomes the only US president to be impeached twice.

In a surprising twist, a former Mexican general has been exonerated in the US and now Mexico.


Academy

5 Investment Tips To Become A Smart Investor

simple investment tips

“Why don’t you invest? Or why do your friends not invest? Many millennials report mistrust of the market, lack of know-how, insufficient funds, and student debt as barriers that prevent them from investing.”

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6 Steps to set your Personal Financial Goals

financial goals

“No matter what stage of life you currently find yourself in, we’re pretty sure that you’ve given some thought about both your short- and long-term personal financial goals.”

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20 Side Hustle Ideas to Boost Your Income

side hustle

“A side gig, moonlighting, or, as the kids call it these days, a side hustle is an excellent way to diversify your income, make a hobby profitable, and even build your confidence.” 

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“During recession greed dies, frugality survives.”
– Amit Kalantri –


Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of January 15, 2021. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in News Flight are not representative of FlexInvest Inc.

All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.

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