Carlsberg ‘shocked’ at seizure of Russian subsidiary | Israel's Existential Crisis | Germany's Cabinet approves a plan to liberalize rules on cannabis possession and sale

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Don't like ads? Go ad-free with TradeBriefs Premium Carlsberg 'shocked' at seizure of Russian subsidiary     Carlsberg chief executive Cees 't Hart said the brewer was "shocked" at the seizure of its Russian subsidiary, Baltika Breweries, by the Kremlin last month, but was still hoping to achieve a disposal of the business. "We're assessing the situation and the legal consequences of this highly unexpected move and will seek to protect our assets and the value of the business," he said in a trading update on Wednesday covering the first six months of the year. The brewer said it "still considers it probable that it can achieve a disposal of the business, though the conditions are currently very uncertain". The seizure could impact "parts of the continuing business and structures outside Russia", it added. Continued here You Might Like � � � � � � � � � Israel's Existential Crisis    In June, Israel’s Minister of Public Diplomacy shared with her Twitter followers a moving encounter from her recent visit to New York: “I walked out of the hotel and stood there drinking coffee while I waited for my car. The hotel doorman stood next to me and we had a chat. He knew I was an Israeli minister. And he said something very nice to me. He said, ‘You know what? You guys don’t need us anymore—we need you.’ When a New York hotel doorman tells me, ‘We need Israel for so many things—technology, intelligence, cyber, innovation’—if we’ve reached the point where a hotel doorman sees things that way, well, that means Israel is positioned in the American mindset as a mini-superpower.” Personally, I’m pretty suspicious of geopolitical analyses offered by tip-hungry hotel doormen. I’d rather hear the opinions of presidents and vice presidents, even if they’re not such a great boost for my country. But that’s just me. The current messianic Israeli government, led by settlers and the ultra-Orthodox, has a different view of reality. The way they see it, Israel is not just a tiny state enjoying its brilliant branding as “the only democracy in the Middle East,” but “a light unto the nations.” And the inhabitants of Israel are not merely another nation—they are the chosen people, whom God loves more than anyone. More than even America and Donald Trump. That’s why at pro-government rallies in Israel you’ll find signs proclaiming “Fuck America!’ and “Fuck Biden!” and hear the Israeli Foreign Minister condescending to Kamala Harris as he explains that the Vice President of the United States, doesn’t really understand the Israeli government’s anti-democratic judicial reform. Generally speaking, Israel’s peculiar government, with its through-the-looking-glass view of the world, sees the Biden Administration as little more than a hotel doorman whose job is to serve the chosen people while they wait for their ride to the Third Temple. After all, when the Messiah eventually does arrive, it’ll be the Israeli salvation government sitting beside him. Nine months ago, on election night, Israelis were granted yet another right-wing government headed by Benjamin Netanyahu. Most of them believed it would be much like his previous ones, but they woke up the next morning to a barely coherent reality. Continued here Germany's Cabinet approves a plan to liberalize rules on cannabis possession and sale    Germany's Cabinet on Wednesday approved a plan to liberalize rules on cannabis, setting the scene for the European Union's most populous member to decriminalize possession of limited amounts and allow members of "cannabis clubs" to buy the substance for recreational purposes. The legislation is billed as the first step in a two-part plan and still needs approval by parliament. But the government's approval is a stride forward for a prominent reform project of Chancellor Olaf Scholz's socially liberal coalition, though significantly short of its original ambitions. Continued here

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