23 April 2025

Daily Newsletter

Oman's Sultan Makes Historic First Visit to Russia

The Facts

  • Sultan Haitham bin Tariq this week became the first Omani head of state to visit Russia, marking the 40th anniversary of diplomatic relations between the two nations during his April 21-22 state visit to Moscow.

  • At a meeting with Russian President Vladimir Putin, the two leaders discussed ongoing nuclear talks with Iran, with Oman acting as a mediator between Iran and the United States, as confirmed by Kremlin spokesman Dmitry Peskov.

  • During the visit, Russia and Oman signed multiple agreements, including a landmark visa-waiver deal allowing citizens of both countries to stay up to 30 days per visit without visas, along with agreements on energy, agriculture, and media cooperation.


The Spin

Pro-Russia narrative

Given Oman's strategic position as a link between the Gulf region, Asia, and Africa, Haitham's visit further strengthens Russia's diplomatic foothold in the Middle East, with both countries sharing similar views on global issues, emphasising state sovereignty and non-interference in internal affairs. The alignment between Russia and Oman also outmaneuvers Washington in the nuclear diplomacy arena and proves yet again that Moscow is a trusted diplomatic powerhouse.

Anti-Russia narrative

The Sultan's visit raises concerns about Russia's growing influence in the Middle East and its potential impact on Western interests in the region, especially given that it is the second time in less than a week that Putin has met a Middle Eastern leader in person. Amid regional tensions, and with the third round of negotiations between Tehran and Washington due to take place in Oman later this week, Moscow's self-serving shadow diplomacy could prove costly to regional stability.

Narrative C

The historic visit is further evidence of Oman's rising diplomatic stature due to its tradition of neutrality and a foreign policy characterized by cautious pragmatism and careful engagement in a region notorious for conflict and polarization. However, while Oman has gained recognition by maintaining friendly ties across geopolitical divides between East and West, its diplomatic balancing act may prove increasingly precarious as geopolitical tensions between key players rise.

Nerd narrative

There's a 55% chance that the United States will import any crude oil from Russia between 2025 and 2030, according to the Metaculus prediction community.

See sources

Trump Signals Major Cut to 145% China Tariffs

The Facts

  • President Donald Trump announced on Tuesday that the current 145% tariffs on Chinese imports would be reduced "substantially," though not to zero, marking a significant shift in his trade policy stance during a White House news conference.

  • Trump's remarks come after Treasury Secretary Scott Bessent stated in a private JPMorgan Chase event earlier on Tuesday that the current tariff standoff with China is unsustainable and that he expects a "de-escalation" in the trade war between the world's two largest economies.

  • China has responded to U.S. tariffs with retaliatory measures of 125% on American goods, leading to significant disruptions in trade between the world's two largest economies.


The Spin

Pro-Trump narrative

The tariff reduction represents a necessary course correction to prevent economic damage, as the current rates have effectively created a trade embargo between the world's largest economies, disrupted supply chains, and sparked recession fears. The move will help stabilize markets and prevent further economic deterioration. President Trump is navigating the global economy with wisdom and vision.

Anti-Trump narrative

The tariff adjustments signal weakness in U.S. trade policy and could undermine efforts to address long-standing issues with China's trade practices. Beijing views this as a sign of Trump blinking and he may be less inclined to make meaningful concessions in future negotiations.

Nerd narrative

There's a 50% chance that China will operate at least one military base in a BRICS country before 2026, according to the Metaculus prediction community.

See sources

Musk to Scale Back White House Role as Tesla Profits Plunge

The Facts

  • Tesla this week reported a dramatic 71% decline in first-quarter profits to $409 million, while revenue dropped 9% to $19.3 billion, falling significantly below Wall Street expectations amid growing challenges for the electric vehicle manufacturer.

  • The company's vehicle deliveries also decreased by 13% in the first quarter, marking its worst performance since 2022. This comes as the company faces intensifying competition from Chinese manufacturers and traditional automakers.

  • Tesla's stock has declined by approximately 40% since the beginning of 2025, with the company facing widespread protests and boycotts linked to Musk's political alignment with the Trump administration.


The Spin

Narrative A

Elon Musk is Tesla’s greatest liability. The stock’s wild swings, outsized valuation, and collapsing credibility mirror his erratic focus. While sales fall and products age, Musk chases politics and Martian dreams. Investors bet on his genius; now they’re paying for his distraction. Tesla isn’t floundering because of the competition — it’s floundering because its CEO left the driver’s seat.

Narrative B

Elon Musk's distraction with DOGE is not the root of Tesla’s problems — it's merely a symptom. Tesla’s woes stem from aging models, fierce Chinese competition, and Musk’s polarizing politics. Blaming his DOGE role is a red herring; the real damage began when Musk morphed from visionary to provocateur, eroding brand trust and alienating core customers long before any federal title was tacked to his name.

Nerd narrative

There is a 78% chance that Elon Musk will be the world's richest person on Dec. 31, 2025, according to the Metaculus prediction community.

See sources

UK Launches £50M Sun-Dimming Experiments

The Facts

  • The UK government's Advanced Research and Invention Agency (Aria) has announced a £50 million ($66 million) funding program for outdoor geoengineering experiments aimed at testing technologies to reflect sunlight and potentially slow global warming.

  • The experiments, scheduled to begin within weeks, will involve small-scale controlled outdoor tests of techniques such as injecting aerosols into the atmosphere and brightening clouds, with strict requirements on duration and reversibility.

  • The initiative emerges as global temperatures reach record highs and scientists warn about potential climate tipping points, such as the collapse of vital ocean currents or giant ice sheets.


The Spin

Narrative A

Solar geoengineering research is essential given the world's failure to reduce emissions and the looming threat of climate tipping points. Small-scale experiments are needed to gather critical real-world data about these technologies before they might be needed as an emergency response to catastrophic warming.

Narrative B

Geoengineering experiments are a dangerous distraction from cutting emissions and could have catastrophic unintended consequences for weather patterns, food production, and global inequality. The technology merely treats symptoms while enabling polluters to continue business as usual.

Nerd narrative

There's a 6% chance that at least ten countries will have committed to any diplomatic agreement restricting solar geoengineering, before 2026, according to the Metaculus prediction community.

See sources

Canadian Election: Record 7.3M Vote in Advance Polls

The Facts

  • Elections Canada on Tuesday reported that a record 7.3 million voters participated in advance polling over the four-day Easter weekend, marking a 25% increase from the 5.8 million advance ballots cast in the 2021 federal election.

  • The surge in early voting included a single-day record of approximately two million voters on Good Friday, with many polling stations experiencing lengthy wait times of up to an hour across various regions of the country.

  • Out of Canada’s 41 million people, approximately 28.2 million were registered to vote at the start of the April 28 federal election campaign, with advance voting accounting for roughly one-quarter of registered voters.


The Spin

Narrative A

The record-breaking advance turnout demonstrates unprecedented voter engagement, signaling that Canadians recognize the stakes of this election. With many focusing on the country’s economic future and its relationship with the U.S., Conservatives push for a populist agenda aimed at growth, while Liberals stress the need for stability and resilience against U.S. pressures.

Narrative B

The high advance turnout might not necessarily indicate higher overall voter participation. While a record 7.3 million Canadians voted early this year, it’s unclear if this will translate to a rise in final turnout. In 2021, despite more people using advance polls, overall participation dropped from 67% to 62%, showing that early voting doesn't always lead to a higher final count.

Nerd narrative

There is a 90.9% chance that the Liberal party will win the most seats in the next Canadian federal election, according to the Metaculus prediction community.

See sources

6.2 Magnitude Quake Rocks Istanbul, Over 151 Injured

The Facts

  • A 6.2 magnitude earthquake struck Istanbul, Turkey, at 12:49 p.m. local time on Wednesday, with its epicenter located in the Sea of Marmara near Silivri, approximately 40 kilometers (25 miles) southwest of Istanbul, at a depth of seven kilometers.

  • The Istanbul governor's office reported that over 150 people were hospitalized with injuries sustained while attempting to flee buildings by jumping from heights, though none were in life-threatening condition. No fatalities were reported.

  • The main earthquake was followed by dozens of aftershocks, with the strongest measuring 5.9 magnitude, causing widespread panic and prompting residents to evacuate buildings and gather in parks and open spaces.


The Spin

Opposition narrative

Despite warnings, Turkey's government has not adequately prepared for earthquakes. The Feb. 6, 2023, 7.magnitude quake exposed flaws in building code enforcement and emergency response, leading to over 50,000 deaths. Corruption and zoning flaws allowed for unsafe buildings to stand.

Pro-government narrative

Turkey's robust emergency response systems worked effectively, with immediate deployment of assessment teams, no major structural damage, and continued functioning of essential services. This also demonstrates Istanbul's improved disaster preparedness efforts, construction management activities, and sound planning efforts.

Nerd narrative

There's a 50% chance that there will be at least 63.7 thousand deaths as a result of the most deadly earthquake from 2029, according to the Metaculus prediction community.

See sources

Record 84% of Global Coral Reefs Hit by Bleaching

Photo: Unsplash

The Facts

  • The fourth global coral bleaching event since 1998 has now affected 84% of the world's coral reefs — the most extensive bleaching crisis in recorded history — surpassing the 2014-2017 event that impacted 68% of reefs.

  • The International Coral Reef Initiative said Wednesday that record-high ocean temperatures in 2023, averaging 20.87°C (69.57°F) in non-polar regions, have triggered widespread bleaching across the Pacific, Atlantic, and Indian oceans, affecting reefs in at least 83 countries and territories.

  • Coral reefs — which support about 25% of all marine species — are reportedly experiencing elevated stress levels, which has prompted the U.S. National Oceanic and Atmospheric Administration to add three new threat levels to its bleaching alert system.


The Spin

Climate-concerned narrative

While conservation efforts — like coral propagation and rescue missions — are underway globally to protect global biodiversity and the livelihoods of coastal communities, they provide only short-term relief. To truly safeguard coral reefs, these actions must be paired with efforts to tackle their root threat global warming.

Climate-skeptic narrative

While coral bleaching is concerning, it’s often overstated; reefs have shown resilience and the ability to recover over time. Resources might be better spent addressing more immediate human concerns like poverty and infrastructure rather than global climate interventions.

Nerd narrative

There's a 50% chance that fossil fuels will make up less than 50% of global primary energy consumption by May 2051, according to the Metaculus prediction community.

See sources

Poll: Trump's Economic Approval Rating Falls to 37%

The Facts

  • A Reuters/Ipsos poll conducted between April 16 and 21 showed that U.S. President Donald Trump's economic approval rating has fallen to 37% — the lowest level across both his presidential terms — amid concerns about his handling of trade and inflation.

  • According to the poll held among 4,306 U.S. adults, three-quarters of Americans now fear a recession, while 56% of respondents, including one in four Republicans, consider Trump's economic policies too erratic.

  • The poll, released Wednesday, found that Trump maintains strong support among Republicans, with 81% approving of his economic policies. Additionally, 5% of Democrats and 28% of independents back his economic approach.


The Spin

Pro-Trump narrative

The Trump administration's tough stance on trade is necessary to protect American industries and restore fairness in global markets. The U.S. has faced imbalanced trade deals for too long, leading to job losses and economic disadvantages. The administration aimed to hold trading partners accountable and reduce the trade deficit by imposing tariffs and renegotiating agreements. The current market volatility is just a temporary adjustment toward a more balanced and fair trading system.

Anti-Trump narrative

Trump's reckless tariff hikes and unpredictable negotiations have disrupted global supply chains, leading to uncertainty for businesses and investors. This lack of consistency has increased costs for consumers and manufacturers alike, fueling inflation and slowing economic growth. Without clear and stable trade strategies, markets struggle to adjust, making it harder for businesses to plan long-term and undermining confidence in economic leadership.

Narrative C

It's time for the GOP to refocus on the issue that won them the election — the economy. Voters responded to promises of growth, lower taxes, and job creation. However, recent distractions have eroded that advantage, leaving independents uncertain. To regain momentum, Republicans must prioritize economic stability, address inflation concerns, and present a clear vision for prosperity and open markets. By returning to their core message of fiscal responsibility and opportunity, they can reconnect with voters and strengthen their political standing.

Nerd narrative

There's a 45% chance that the month percentage change in the U.S. Consumer Price Index will be lower in November 2025 than it was in November 2024, according to the Metaculus prediction community.

See sources

Brazil Top Court Accepts Coup Charges Against More Bolsonaro Allies

The Facts

  • A five-judge panel in Brazil's Supreme Court, including Justice Alexandre de Moraes, unanimously accepted criminal charges on Tuesday against six more allies of former President Jair Bolsonaro over an alleged coup attempt following his 2022 presidential election defeat.

  • The new group of defendants includes former presidential foreign affairs adviser Filipe Martins, retired Gen. Mario Fernandes, former presidential aide Col. Marcelo Câmara, and three other high-ranking federal officials.

  • They are accused of having managerial roles in the alleged plot, and face charges including involvement in a coup and an armed criminal organization and attempted abolition of the democratic rule of law — which, combined, could result in a decades-long jail sentence.


The Spin

Left narrative

Brazil has further shown its commitment to protecting democracy and holding accountable whoever attempts to undermine its democratic institutions, which is a lesson to other countries facing similar challenges. Given that Bolsonaro has even confessed to having discussed a coup, it's only a matter of time before he and his accomplices are found guilty.

Right narrative

It's hardly a surprise that Brazilian authorities have charged Bolsonaro and several of his allies with a coup plot. As long warned, Brazilian conservatives have been politically persecuted since Bolsonaro's first day out of office in a blatant example of leftist lawfare — the very same failed strategy used in America against Trump.

Nerd narrative

There's a 30% chance that Luiz Inácio Lula da Silva will be reelected as president of Brazil in October 2026, according to the Metaculus prediction community.

See sources

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