World & Politics
Hawaii's wildfires become the deadliest in the US in 100 years - 08/14/2023
89 people died in flames on the Hawaiian island of Maui, which made the current wildfires the worst in the US in more than a century. According to Reuters, the number of people killed in the Maui wildfires in Hawaii has increased to 89, which made the current events the worst in the country in more than a century. Local officials issued a warning that the number of victims might increase. The...
US sets to raise $200B for developing countries through international lenders - 08/11/2023
The US's help to Ukraine, according to US Treasury Secretary Janet Yellen, "will be a catalyst for further financial assistance from other countries and international financial institutions." The United States hopes to raise $200 billion through international financial institutions (IFIs) to aid developing nations like Ukraine, told US Treasury Secretary Janet Yellen. According to her, the...
US congressman: Biden family received over $20M in illegal payments - 08/10/2023
The House Committee on Oversight and Reform revealed funds received from Russia, Kazakhstan, and Ukraine. Republican from Kentucky and chairman of the House of Representatives' Committee on Oversight and Reform James Comer asserts that during Joe Biden's time as Vice President, his family received illegal payments totaling more than $20 million, including from businessmen from Russia, Kazakhstan,...
New Zealand to invest $1.2B in clean energy transition - 08/08/2023
Prime Minister Chris Hipkins announced a deal with American financial firm BlackRock. The government of New Zealand has set aside $1.2 billion to pay towards the conversion of the nation's energy grid to renewable energy sources, said Chris Hipkins, the nation's Prime Minister. Hipkins noted that the country would collaborate with one of the major investors in climate infrastructure and clean...
Moody's forecasts default of Niger - 08/04/2023
The international rating organization Moody's has lowered Niger's rating by two notches, from B3 to Caa2. It is expected to get worse, writes the local newspaper Business Day. According to Moody's, the sanctions imposed by the West African Economic and Monetary Union and the Economic Community of West African States will prevent the nation from making its debt payments, which is by definition a...
Trump says he faces over 560 years in prison - 08/03/2023
Former US President Donald Trump said he might receive six life sentences or 561 years in prison as per the charges against him. "Crooked Joe is in command of the dishonest U.S. Justice Department, which has unlawfully filed accusations against me once more. According to some reports, the left's relentless witch hunt could result in my serving a total of 561 years in prison. Six lifetime...
World Bank halt all funding to Niger - 08/03/2023
Following the coup in Niger, the World Bank has declared the suspension of all operations with the exception of private sector initiatives. “The Bank holds that a society free of poverty on a livable planet is built on the pillars of peace, stability, and the rule of law,” the organization commented. “The attempts to topple Niger's democratically elected government worry us. In response,...
Fitch downgrades USA’s long-term rating for the first time in nearly 30 years - 08/02/2023
Fitch lowered the United States' long-term rating from AAA to AA+. The danger of default is marginally elevated as a result of the downgrade. The United States' long-term rating was reportedly reduced from AAA to AA+ by the international rating agency Fitch. According to Bloomberg, the United States has held an AAA rating from Fitch since at least 1994. The U.S. Treasury Department and the...
US to commission first nuclear reactor built in 30 years - 08/01/2023
The project's completion "dragged on for years" and resulted in cost overruns, writes The Financial Times. Georgia's Vogtle nuclear power plant's third unit will soon start producing electricity. According to the Financial Times, it will be the first reactor constructed in the US in the previous 30 years. According to the newspaper, the project's completion has "dragged on for years," resulting...
US GDP adds 2.4% in Q2 - 07/28/2023
The US GDP grew by 2.4% in the second quarter on an annualized basis. The Bureau of Economic Analysis of the U.S. Department of Commerce released these figures on July 27. This is only an estimate; the actual data will be released on August 30. The American economy's growth rate climbed marginally from the first quarter's GDP growth of 2%. Experts claim that the economy is still stable, but...
