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Musings From Abroad

Hello! Beer is being rationed in the UK

Booker, a major UK wholesaler owned by Tesco (TSCDY), has confirmed that it’s limiting customers such as bars and grocers to 10 cases of beer (300 cans) per brand a day, the most dramatic consequence to date of a shortage that also threatens food production across Europe

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Booker, a major UK wholesaler owned by Tesco (TSCDY), has confirmed that it’s limiting customers such as bars and grocers to 10 cases of beer (300 cans) per brand a day, the most dramatic consequence to date of a shortage that also threatens food production across Europe.

The problem extends far beyond beer: Carbon dioxide (CO2) is also used in soda and meat production, as well as food packaging, cooling and storage.
While it might sound strange, the carbon dioxide shortage has its roots in the fertilizer industry.

The carbon dioxide that makes beer and soda fizzy is a byproduct of ammonia produced for use in fertilizer. Several major ammonia plants in Europe have closed for maintenance, leading to a shortage of carbon dioxide.

The problem is most acute in the United Kingdom, where only one ammonia plant is operating normally. Food and drink industry groups expect the shortage to last a few more weeks at least.

Increased demand spurred by hot weather and the World Cup means the shortage has struck at the worst possible time for European brewers and soda producers.

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Musings From Abroad

UN investigators concerned over likely ‘future atrocities’ in Ethiopia

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United Nations-appointed investigators in Ethiopia Thursday warned about the likelihood of further humanitarian crises in the country.

The UN chief called for continued scrutiny of Addis Ababa’s human rights record as their work faced termination amid strong African-led opposition.

The Ethiopian government and the Tigray People’s Liberation Front (TPLF) in the northern region Tuesday agreed to a permanent truce to cease hostilities following the conclusion of a peace deal brokered by the African Union in South Africa.

Both sides accused one another of crimes against humanity, such as killings, rapes, and arbitrary detentions, but neither admitted to any systematic wrongdoing.

International Commission of Human Rights Experts on Ethiopia, in a report earlier in the week, said there had been attacks by the Eritrean Defense Forces (EDF) against civilians in Tigray that were “grave and ongoing.”

With the ongoing Human Rights Council meeting in Geneva, its two-year term is up for renewal, but no proposal has been made thus far due to what diplomats describe as considerable resistance, particularly from African members

In light of continued violations in the region, Mohamed Chande Othman, the chair of the Commission, warned the 47-member council that it would be “premature” to conclude its work.

“Failure to do so would not only be an abdication of the Council’s responsibility, it would send a devastating message to the victims and survivors of this conflict,” he said.

He told the Council that “…the situation in Ethiopia exhibits most of the indicators for future atrocities…” and accused Ethiopia of conducting “a deliberate effort to evade regional and international scrutiny”.

Meanwhile, Ethiopia’s ambassador, Tsegab Kebebew stated the commission had “grossly mischaracterized the good and largely acclaimed democratic advances in Ethiopia”.

The Tigray Region is the northernmost regional state of Ethiopia. The region is the homeland of the Tigrayan, Irob, and Kunama people.

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Musings From Abroad

Mozambique: UK Supreme Court okays suit against Privinvest in London

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A United Kingdom’s Supreme Court has ruled that Mozambique can sue shipbuilder, Privinvest in Britain for alleged bribery connected to the $2 billion “tuna bond” scandal.

The ruling on Wednesday, just weeks after a London High Court ruled that the Mozambican President, Filipe Nyusi, cannot be sued in Britain for bribery in his country’s lawsuit against Credit Suisse and others over the $2 billion “tuna bond” scandal.

Mozambique is bringing a lawsuit against Privinvest, its owner, Iskandar Safa, Credit Suisse, and others for government-guaranteed loans raised in 2013 and 2014, hundreds of millions of dollars of which disappeared.

The scandal’s notoriety began with the borrowing of $2.2 billion by three newly formed firms in 2013 and 2014, the majority of which was done without the legislature’s knowledge or authorization. Mozambique alleges that Privinvest and Safa conspired against it and distributed more than $130 million in bribes to dishonest government officials and Credit Suisse employees.

Despite that,the Mozambican government served as a guarantee for the loans, ensuring that it would return the money in the event of a problem.

The “hidden debt” or tuna bond issue has sparked criminal investigations from Maputo to New York, as well as a string of related litigation in London involving Credit Suisse, shipbuilder Privinvest, its owner Iskandar Safa, and many other parties.

Privinvest has suggested that arbitration be used to resolve any disputes with Mozambique. A setback to Mozambique’s attempts to recover the funds it claims it lost came in 2021 when the Court of Appeal ruled in the company’s favour.

But on Wednesday, the Supreme Court unanimously accepted Mozambique’s appeal against that decision, allowing the republic’s allegations against Privinvest to be heard in a trial that would last for months and begin on October 3.

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