World & Politics
EC Head urges EU to create an energy union - 10/11/2022
Charles Michel, the head of the European Council, urged the EU to act quickly to create a energy union, which would be a crucial tenet of EU sovereignty. "Realizing an energy unity is crucial right now. This will serve as a crucial tenet of EU sovereignty. No nation can handle a catastrophe of this magnitude alone, as we experienced during COVID, particularly with vaccines," the statement reads....
ICAO members agree to reach zero emissions in civil aviation by 2050 - 10/10/2022
The International Civil Aviation Organization (ICAO) decided on a plan for civil aviation to transition to zero greenhouse gas emissions by 2050 at a meeting in Montreal, Canada. After two weeks of discussions involving more than 2,500 delegates from 184 countries and 57 organizations, the collective long-term global aspirational goal (LTAG) was adopted. According to ICAO Secretary General Juan...
Chinese authorities report economic recovery - 10/07/2022
According to Wang Chunying, deputy chairman of China's State Administration of Foreign Exchange Control, the Chinese economy is still growing despite rising market volatility. Wang Chunying, quoted on the department's website, stated: "The current external environment is becoming increasingly complex and serious, instability and uncertainty factors in the global economy have increased markedly,...
Annual inflation in Argentina hits record 82.2% - 10/06/2022
Annual inflation in Argentina has increased by a record 82.2%; experts anticipate a rise of up to 100%, reports Business Insider Polska. President Alberto Fernandez's administration chastised business owners for their "pursuit of exorbitant profits" in the midst of the nation's growing inflation. Independent economists reported that as at the end of September, the percentage was 82.2%. They...
Egypt doubles income from tourism - 10/06/2022
According to figures revealed by the Central Bank, Egypt's tourism revenue in the fiscal year 2021–2022 (counting from July 1) more than doubled from the previous year. The Bank’s message states that "profits from tourism... reached $10.7 billion, up from $4.9 billion in fiscal year 2020-2021." The Central Bank reports that due to an exceptional rise in commodities imports (by 53%), improved...
EU gives Ukraine 5 million doses of iodine in case of nuclear disaster - 10/05/2022
The EU has dispatched 5 million doses of iodine to Ukraine for a possible event of a nuclear disaster at nuclear power facilities, according to European Crisis Management Commissioner Janez Lenarčič. The commissioner told Redaktionsnetzwerk Deutschland, "We have learnt during the coronavirus epidemic that we cannot wait to react until the crisis starts, therefore now we are trying to forecast...
Musk offers his vision for resolving Ukraine conflict - 10/04/2022
American businessman Elon Musk submitted his plan for resolving the conflict in Ukraine, which included keeping Crimea as a part of Russia and holding multiple referendums in the Donbass, Kherson, and Zaporozhye areas under UN supervision. "This is definitely going to be what happens in the end. Just how many people will pass away before then remains to be seen," he tweeted. Musk asked users to...
Pentagon chief: Ukraine's accession to NATO should be decided by all allied states - 10/03/2022
The head of the U.S. Department of Defense, Lloyd Austin, offered his opinion on Ukraine's request for rapid NATO membership. He stated that the choice is up to the alliance's 30 members. At a joint press conference in Hawaii with his Australian counterpart Richard Marles, Mr. Austin stated, "We are committed to maintaining NATO's 'open door' policy, but how that happens is really an issue that...
People's Bank of China calls currency market stabilization its top priority - 09/29/2022
According to Reuters, the People's Bank of China reiterated a previous claim that the yuan has a strong basis to maintain stability, and stated that stabilizing the currency market is its top goal. The central bank's remarks came after the yuan dropped to its lowest level since the 2008 global financial crisis. While claiming that the currency market was largely operating in an orderly manner,...
Bank of England to unveil new banknotes with Charles III by the end of the year - 09/28/2022
By the end of 2022, the Bank of England will reveal images of sterling banknotes bearing the image of Britain's next King Charles III. The bank stated that the notes are anticipated to enter circulation in 2024. Earlier in September the Guardian newspaper reported that it might take at least two years to replace banknotes that feature the late British Queen Elizabeth II. "By the end of this...