The Week bringing things you need to know for the 3rd week of August 2022

August 15 Saudi Arabia’s Kingdom Holding unveils bet on Russian energy firms Saudi Arabia’s Kingdom Holding said via Twitter on Sunday that it invested in Russian energy giants Gazprom, Rosneft, and Lukoil between Feb. 22 and March 22, a period straddling the launch of Russia’s invasion of Ukraine. The United States and other Western nations

Balance of Power in the 3rd week of August 2022 from Bloomberg

August 15 Chinese President Xi Jinping’s hopes for stability ahead of a historic Communist Party congress are quickly dwindling. His country’s economic slowdown deepened in July as strict Covid Zero measures and a slumping real-estate market threaten the chances of a recovery to a “reasonable” range. Key reading: China Announces Patrols to Protest US Senator’s