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Suez update: Ship partially freed

Teams of engineers on Sunday managed to partially free a massive container ship that's been stuck in the Suez Canal for a week, per the Wall Street Journal.

Why it matters: With the Ever Green ship is afloat, it raises hopes that one of the world's busiest trade routes could soon reopen.

Yes, but: "While the ship is floating again, it wasn't immediately clear how soon the waterway would be open to traffic, or how long it will take to clear the logjam of more than 450 ships stuck, waiting and en route to the Suez that have identified it as their next destination," Bloomberg notes.

Editor's note: This a breaking news story. Please check back for updates.

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Olympic committee gave uniform contract to company with Xinjiang ties

The International Olympic Committee (IOC) gave a uniform contract for the Tokyo 2021 Summer Olympics and the Beijing 2022 Winter Olympics to a Chinese textiles company that has an affiliated factory in Xinjiang and that openly advertises its use of Xinjiang cotton.

Why it matters: The opacity of supply chains in China means it may be hard to determine ifOlympic staff will be wearing uniforms made through forced labor.

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U.S. sanctions China's paramilitary in Xinjiang

The Trump administration has announced it will sanction the Xinjiang Production and Construction Corps (XPCC), a paramilitary organization operating in Xinjiang, where Chinese authorities, aided by the XPCC, are perpetrating a cultural and demographic genocide against ethnic minorities.

Why it matters: XPCC controls vast swaths of the economy in Xinjiang. Depending on how rigorously the sanctions are enforced, they could hobble the region's economy and blunt China's plans for further economic development of the region.

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