Our daily voyage around the world

🇮🇱🇮🇷 Israel placed its military on high alert for a potential Iranian attack. Yesterday, Israel’s military said new intelligence indicates Iran will directly attack Israel in the coming days as retaliation for the assassination of Hamas’s political leader on Iranian soil last month. In a related move, the US yesterday announced plans to send a guided-missile submarine and an additional aircraft carrier to the Middle East amid heightened concerns of a possible attack against Israel.

🇮🇳 US short-seller Hindenburg accused India’s top markets regulator of a conflict of interest regarding local conglomerate Adani Group. In a report published Saturday, Hindenburg accused Madhabi Puri Buch, the chair of India’s Securities and Exchange Board, of holding investments in offshore funds also used by the Adani Group, a ~$43 billion Indian conglomerate operating across a wide range of sectors (commodities trading, airports, utilities, renewable energy, etc.). Hindenburg claims this conflict of interest has prevented an in-depth probe of fraud allegations into Adani Group, which Hindenburg first published in January 2023. Buch and Adani Group both denied the allegations.

🇨🇳 China unveiled plans to accelerate its carbon-reduction initiatives. The 33-point guideline outlines tax changes and regulations aimed at boosting production of non-fossil fuels – including wind, solar, hydropower, and nuclear sources – to constitute 25% of China’s total energy mix by 2030. Overall, China’s environmental protection industry is projected to reach $2 trillion by 2035, up from ~$310 billion in 2022.