World & Politics
EU extends zero imports restrictions for Ukrainian goods - 05/26/2023
According to the press office of the international organization, the Council of the European Union (EU) has extended the halt on all taxes and quotas on exports of commodities from Ukraine. In addition to helping Kiev maintain its economy in the midst of the crisis with Russia, Brussels notes that the step will assist in keeping stable economic relations between the EU and Ukraine. According to...
U.S. Treasury Department slaps new sanctions on North Koreans over illegal cyber activities - 05/24/2023
The U.S. has levied penalties against four North Korean entities and one individual due to their participation in unlawful cyber activities. According to the U.S. Treasury Department, they are viewed as aiding Kim Jong Un's government. The Technical Intelligence Bureau, the 110th Research Center, Chinyong Information Technology Cooperation (also known as Jinryong IT Cooperation Company), and Kim...
UN Secretary-General Guterres: G7 countries received eight times more IMF aid than Africa - 05/22/2023
According to UN Secretary General António Guterres at the G7 conference, the International Monetary Fund has allotted $650 billion in special drawing rights, of which $34 billion went to Africa and $280 billion went to the G7 nations. "During the pandemic, the IMF distributed $650 billion in special drawing rights, or SDRs, basically printing money out of thin air. G7 nations receiving $280...
Earth's temperature rise may exceed 1.5°C threshold in the next five years - 05/19/2023
The World Meteorological Organization (WMO) predicts that global warming will have surpassed the 1.5°C threshold by 2027. Global temperatures may surpass the Paris Agreement's 1.5°C warming threshold over the course of the next five years and reach historic highs, reports the Wall Street Journal referring to information from scientists at the World Meteorological Organization (WMO), a department...
Maduro sets to de-dollarize Venezuela's economy - 05/16/2023
Nicolas Maduro, the president of Venezuela, declared that his nation intends to de-dollarize its economy. The Venezuelan president declared in his television program Con Maduro+, "We have to get there (in the effort of getting rid of the dollar), this is our path, the way of the new economy of freedom, where currencies are not used to punish countries and impose sanctions." Several Latin...
EU countries support ban on destruction of unsold clothing - 05/15/2023
According to the FT, EU nations backed adoption of a restriction on the disposal of unsold and worn-out clothing. A specific restriction on the destruction of "clothing and accessories" was backed by EU nations, according to the Financial Times, which cited sources and the draft plan that the publication had access to. According to the FT, the EU wants to lower textile waste, which now makes up...
WHO lifts global health emergency over monkeypox - 05/12/2023
Tedros Ghebreyesus, Director-General of the World Health Organization (WHO), declared the end of the health emergency that had been in place since August 2022 as a result of a monkeypox outbreak. "Last night, the emergency committee convened its fifth meeting and made a recommendation: stop the public health emergency of global significance. I accepted that suggestion." Monkeypox is no longer a...
EU sets to tighten legislation against U.S. cloud services - 05/10/2023
According to new proposals in this area, U.S. businesses and cloud service providers like Amazon, Google, and Microsoft would only be able to obtain an EU cybersecurity certificate in conjunction with an EU-based company, according to Reuters, which cited sources. The EU authorities intend to tighten cybersecurity rules for these businesses. An earlier proposal for the establishment of a...
FT: EU considers imposing first sanctions on China for helping Russia - 05/09/2023
According to the Financial Times, the European Commission is mulling the first penalties against Chinese firms because of their connections to Russia since the commencement of the war in Ukraine. A draft of the new EU sanctions package obtained by the Financial Times states that the European Commission is considering applying penalties against Chinese companies for their relationships with Russia...
Zelenskyy estimates Ukraine's damage at $400bn - 05/05/2023
According to Ukrainian President Volodymyr Zelenskyy, the cost of the conflict with Russia to his nation is $400 billion. Mr. Zelenskyy said that the damage assessment takes into account a variety of factors, including destruction of energy, transportation infrastructure, buildings, environmental harm, and facilities for the arts and sciences. The World Bank and the UN estimated in April that...
