During normal times, 20 percent of the world’s oil normally flows through the Strait of Hormuz.
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AI PROTECTS A HANDFUL OF ECONOMIES FROM WIDESPREAD HARDSHIP
Of the world’s 195 countries, only 32 are responsible for 95 percent of the world’s economic growth, the International Monetary Fund (IMF) said in its annual meeting last week.
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GLOBAL GROWTH STATS MASK ‘WORRYING OMENS’
Major economies including China, India, and the U.S. will post “surprisingly robust” growth this year despite the Iran War’s fuel price spike, according to this year’s annual Tracking Indexes for the Global Economic Recovery report (TIGER) assembled by the Financial Times and the nonprofit Brookings Institution.
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GOVERNMENTS POST BIGGEST BUDGET DEFICITS SINCE THE COVID WAR
The world’s largest economies must take “urgent” action to stabilize their finances, the International Monetary Fund (IMF) said at its annual conference last week.
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GAZA DEATH TOLL
Israel has killed at least 74,480 people and injured an additional 175,500 in Gaza since October 2023.
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MUSK SPENDS BIG MONEY TO MAKE SURE PAXTON WINS IN TEXAS
Elon Musk, the world’s richest man, wired $158 million to a Super PAC in September that spent the money on groups supporting Ken Paxton, the embattled Texas Republican running against James Talarico, according to a report in The New York Times.
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GEN Z PROTESTS: DEMONSTRATIONS BREAK OUT IN BELGIUM OVER COST-OF-LIVING CONCERNS
Young people took to the streets in Belgium on Saturday to voice their anger over the cost of living in the country, resulting in a massive police response.
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EUROPE LOOKS TO PUSH FOR MORE WAR AGAINST RUSSIA
European countries are intent on continuing to push for more war against Russia and are working on ways to share the burden of dragging Kyiv into another costly year of fighting with Moscow.
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EU COMMITTED TO ‘SUPPORTING’ UKRAINE, VOWS TO KEEP ANTI-RUSSIAN SANCTIONS AND TO SEND BILLIONS OF DOLLARS TO KYIV
The European Union will maintain its support for Ukraine, even as Washington seems prepared to force Kyiv’s hand to negotiate an end to the war with the Russians.
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DEMOCRATS HAVE SIGHTS SET ON ESCALATING SUPPORT FOR UKRAINE WAR, REPORT SAYS
The U.S. is just weeks away from the pivotal midterm elections where Democrats could possibly take over both houses of Congress, but given past statements and promises, a Democrat-controlled Congress would see to it that the Ukraine War continues and even escalates.