B.C. caps rent, boosts benefits for families as cost of living goes up : Premier John Horgan said B.C. is capping rent increases at two per cent for 2023 instead ...
theglobeandmail.com/canada/article-bc-caps-rent-boosts-benefits-for-families-as-cost-of-living-goes-up/
Paid articlePaid
B.C. cannabis stores close, lay off staff as job action prevents pot deliveries: BCGEU strike causes cannabis stores to run out of supply
theglobeandmail.com/canada/british-columbia/article-bc-cannabis-stores-close-lay-off-staff-as-job-action-prevents-pot/
Paid articlePaid
Vaughn Palmer: John Horgan oversells B.C. NDP's inflation relief: Opinion: Total given for a low-income family of four isn't as cash in hand
vancouversun.com/opinion/columnists/vaughn-palmer-horgan-oversells-bc-ndp-inflation-relief
Paid articlePaid Horgan gives $600 million in tax rebates to help curb inflationary pressures: B.C. government also caps rent increases at two per cent in 2023
vancouversun.com/news/local-news/horgan-gives-600-million-in-tax-rebates-to-help-curb-inflationary-pressures
Paid articlePaid Vaughn Palmer: Province drags its heels on promises of inflation relief: Opinion: Despite inflation promises dating back to April, the latest word is September ...
vancouversun.com/opinion/columnists/vaughn-palmer-province-drags-its-heels-on-promises-of-inflation-relief
B.C. looking at rebate and tax measures as relief from record inflation: Horgan told Global News the province must create a new program from scratch.
vancouversun.com/news/local-news/bc-looking-at-rebate-and-tax-measures-as-relief-from-record-inflation
Premier meeting to address affordability: The council is hoping to learn from each other’s efforts to deal with affordability pressures on the public, said B.C ...
theglobeandmail.com/politics/article-cost-of-living-inflation-premiers-meeting/
Letters to The Sun, June 25, 2022: Thank you for listening to museum concerns: Thank you, Premier Horgan, for listening to museum concerns.
vancouversun.com/opinion/letters/letters-to-the-sun-june-25-2022-thank-you-for-listening-to-museum-concerns
Les Leyne: Horgan quits on his own terms: He quit while it was still his choice, an adroit move
timescolonist.com/opinion/les-leyne-horgan-quits-on-his-own-terms-5529545
Finance Minister Lindner (FDP): Germans work too little: Christian Lindner (FDP) says that the problem with the German economy is that too little work is being ...
focus.de/politik/deutschland/anderswo-wird-deutlich-mehr-gearbeitet-finanzminister-lindner-fdp-die-deutschen-arbeiten-zu-wenig_id_259868020.html
Markets pay it forward: cash payouts are popular - but a problem for traders: Many supermarkets and drugstores offer cash withdrawals as a service for their ...
n-tv.de/wirtschaft/Bargeldauszahlung-ist-beliebt-aber-ein-Problem-fuer-Haendler-article24879587.html
Is B.C. on track to become the fiscal basket case of Canada?: In true pre-election fashion, the ruling NDP are on a spending spree
theglobeandmail.com/opinion/article-is-bc-on-track-to-become-the-fiscal-basket-case-of-canada/
Paid articlePaid
Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey
techcrunch.com/2024/04/19/equities-platform-midas-raises-45m-series-a-as-fintech-retains-its-sparkle-in-turkey/
Quick Glance: Midas Raises $45M in Series A Funding
- A fintech startup called Midas has successfully raised $45 million in a funding round led by Portage Ventures of Canada. This enables investors in Turkey to invest in US and Turkish equities.
- With over 2 million users in Turkey's retail market, Midas offers lower transaction and commission fees for Turkish customers. Additionally, the company provides financial content, real-time stock market data and news, as well as company profiles to educate the market.
- The new funding is intended to introduce three new products: cryptocurrency trading, mutual funds, and savings accounts. Midas plans to expand beyond Turkey and target countries in the MENA region.
- Other participants in the round included International Finance Corporation, Spark Capital, Earlybird Digital East Fund, and Revo Capital. Previously, Midas had already completed a $11 million seed round in 2022 and aims to strengthen its presence in the Turkish financial sector.
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Israel has carried out a strike inside Iran, a US official told CNN, in a move that threatens to push the region deeper into conflict.
Read more: www.cnn.com/2024/04/18/middleeast/isfahan-iran-explosion-intl-hnk/
Quick Glance: Israeli Missile Strikes Iran
- Following an unprecedented Iranian attack, 300 drones and missiles were launched at Israel.
- Explosions near an army base in Isfahan activated local air defense systems.
- US officials report that Israel conducted a missile strike on Iran.
- Flights were suspended over several Iranian cities as Israel responded to an attack.
Ukraine war: Children among eight dead in Russian strike on Dnipropetrovsk region
bbc.com/news/world-europe-68853490
Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Israel has carried out a strike inside Iran, US official tells CNN, as explosions reported near military base
cnn.com/2024/04/18/middleeast/isfahan-iran-explosion-intl-hnk/
Israel attacks Iran, sources say, drones reported over Isfahan: Israel has attacked Iran, three people familiar with the matter said, as Iranian state media ...
reut.rs/3W5QoYf
What We Know So Far About Israel’s Reported Attack on Iran Amid Fears of Escalation
time.com/6968928/israel-missile-attack-iran-reports-details/
There are questions about how new flexible work arrangement guidelines will impact the job market and salaries. What we do know is that remote work boosts ... Show more www.channelnewsasia.com/commentary/flexi-work-arrangement-guidelines-companies-adapt-retain-workers-4275726
Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...
reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/
Quick Glance: Escalating Middle East Tensions Shake World Markets
- Reports of an Israeli attack on Iranian soil potentially dragging the Middle East into a deeper conflict have rattled world markets with geopolitical risks.
- Stocks fell, oil briefly rose over $3 per barrel, and safe-haven government bonds rallied.
- The heightened tensions bring fresh uncertainty and fuel concerns that high oil prices and potential supply disruptions will keep inflation high.
- Energy stocks benefit from higher oil prices, while demand for safe-havens like US or German bonds rises amid renewed inflation risks from rising oil.
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Live updates: Israel responds to Iran attack with reported strike: Latest news and live updates as tensions in the Middle East remain heightened following Iran's ...
nbcnews.com/news/world/live-blog/iran-israel-attack-live-updates-rcna148496
Quick Glance: US imposes new sanctions on Iran's drone program
- The United States imposed new sanctions Thursday on sixteen people and two entities associated with Iran’s drone program to punish Tehran for the weekend's attack on Israel.
- The sanctions target executives of an engine manufacturer supplying Iran’s Shahad-131 drones, companies servicing the engines, and individuals providing the drones to Iranian proxy forces in the Middle East.
- Coordinated with European allies, the new sanctions aim to disrupt Iran's missile and drone program and isolate the country globally.
- President Joe Biden emphasized the US commitment to holding Iran accountable, utilizing economic tools to counter Iran's activities, as stated by Treasury Secretary Janet Yellen.
San Jose: The Bay Area’s first Burger Pit opened in 1953. The last one is closing Tuesday
mercurynews.com/2024/04/19/san-jose-the-first-burger-pit-opened-in-1953-the-last-one-is-closing-tuesday/
Quick Glance: San Jose: The End of Iconic Burger Pit After 71 Years
- Paul Berger, the aptly named owner, closed the last Burger Pit location in San Jose after a surge of customers present until the closure on April 23, 2024.
- The Burger Pit chain, originally founded in the 1950s by Albert Berger, will come to an end with the closing of the last location in the South Bay area.
- Owner Berger, who upheld his father's philosophy of good food at reasonable prices, will close the business after 71 years and take the popular chili recipe to the grave.
- Despite the nostalgic feel and popular dishes of Burger Pit, customers will primarily miss the conviviality as they bid farewell to long-time staff and the historic location.
🔊 An Israeli strike on Gaza's largest IVF clinic destroyed more than 4,000 frozen embryos and killed the dreams of Gazan families ... Show more reut.rs/4av9paV
A former Russian tycoon who once led separatist region launches a hunger strike in Azerbaijan jail
apnews.com/article/karabakh-vardanyan-separatist-russia-23175bce62842677808f79c5c32c558a
Average mortgage holder spending record $2,800 on monthly payments: The median monthly mortgage payment jumped 11% in the past year due to surging interest rates ...
businessinsider.com/mortgage-payments-housing-market-interest-rates-house-prices-sales-2024-4
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Netflix announced that it will stop reporting subscriber numbers each quarter, signaling years of customer gains in the streaming wars may be coming to an end.
Quick Glance: Netflix to Cease Reporting Subscriber Numbers from 2025
- Netflix will no longer report subscriber numbers starting from the first quarter of 2025. The announcement came with the first quarter 2024 results where Netflix exceeded expectations.
- Despite the success in the first quarter, Netflix shares dropped over 4.5% after-hours upon revealing the decision to stop reporting quarterly subscriber totals.
- The choice to discontinue reporting quarterly membership numbers or average revenue per member is based on Netflix's belief that engagement time is the best indicator of customer satisfaction.
- Netflix plans to announce major subscriber milestones but will halt reporting quarterly subscriber numbers and shift investor focus towards time-spent-viewing metrics.
Israeli media cited foreign reports of an Israeli strike on Iran in the absence of official public comment, while Iranian television reports played down the ... Show more reut.rs/49Smdao
Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year
independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html
Russia: We Told Israel ‘Iran Does Not Want Escalation’: Russia has made clear to Israel that Iran "does not want escalation," Moscow's Foreign Minister Sergei ...
themoscowtimes.com/2024/04/19/russia-we-told-israel-iran-does-not-want-escalation-a84901
What we know so far about the explosions reported in central Iran: Iran's state media reported explosions in the central province of Isfahan on Friday ...
go.france24.com/hwS
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Tesla recalls all 3,878 Cybertrucks due to stuck accelerator pedal issue: Every Cybertruck is being recalled. And, no, the fix isn't just a software update.
mashable.com/article/tesla-cybertruck-recalled-accelerator-pedal
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Israel Strikes Iran in Narrow Attack Amid Escalation Fears: Tehran lifts restrictions on Iran’s airspace after canceling flights amid reports of explosions.
wsj.com/world/middle-east/iran-activates-air-defenses-and-cancels-flights-27b6d416
BoU issues new rules for mobile money transactions : Bank of Uganda has directed that customers carrying transactions involving Shs1m or more must first verify ...
monitor.co.ug/uganda/business/finance/bou-issues-new-rules-for-mobile-money-transactions--4596110
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
More Americans worried about climate change, but few think Biden's climate law will help, AP-NORC poll says
pbs.org/newshour/politics/more-americans-worried-about-climate-change-but-few-think-bidens-climate-law-will-help-ap-norc-poll-says
The LASSIE project is preparing for a time when people and robots explore space together.
Learn more about how the #space economy can improve life on #Earth ... Show more www.weforum.org/agenda/2024/04/space-economy-technology-invest-rocket-opportunity/
What does Israel's capability to strike Iran directly without special ops mean for the region?
jpost.com/middle-east/iran-news/what-does-israels-capability-to-strike-iran-directly-without-special-ops-mean-for-the-region-797900
#VantageOnFirstpost : Iranian air defence systems shot down Israeli projectiles over the central city of Isfahan on Friday. The air strike was Israel's response to Iran's ... Show more
IDF strikes central Gaza overnight, Yussef Rafik Ahmed Shabat killed: An airstrike conducted by Israeli forces in central Gaza resulted in the death of a Hamas ...
jpost.com/breaking-news/article-797681
Snap Insight: Israel may have had the ‘last word’ with reported attack on Iran, but Netanyahu is no clear winner
channelnewsasia.com/commentary/israel-iran-attack-netanyahu-retaliate-message-snap-insight-4277866
Should you wait for interest rate cuts to buy a house?: Once interest rates fall, property prices would likely go up, but buyers could borrow more money ...
smh.com.au/property/news/should-you-wait-for-interest-rate-cuts-to-buy-a-house-20240418-p5fkv8.html
“It wasn’t even a takeaway cup. It was a ceramic cup.”
Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
“Are you awake, my dear?”
A Palestinian mother bids farewell to her only son, Yusuf, whom she gave birth to following 20 years of attempts to conceive ... Show more
Israel launched a retaliatory strike against Iran early Friday morning local time, a senior U.S. official told ABC News.
The strike followed Iran's attack on ... Show more abcnews.go.com/International/live-updates/israel-gaza-hamas-war/
Explosions in Iran, US media reports Israeli strikes: Fears of a major regional spillover from the Gaza war have since soared.
standardmedia.co.ke/asia/article/2001493521/explosions-in-iran-us-media-reports-israeli-strikes
Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html
Our immune systems develop in response to our #environment - climate change is damaging both it and us.
Learn more in our report ... Show more www.weforum.org/publications/quantifying-the-impact-of-climate-change-on-human-health/ #climatechange #immunesystem #health
Quick Glance: Scottish Government Abandons 'World-Leading' Climate Target
- The Scottish Government has abandoned its “world-leading” target of reducing greenhouse gas emissions by 75% by 2030.
- Ministers will bring forward legislation to ensure the climate change target “better reflects the reality of long-term climate policymaking”.
- Scotland will move away from legally binding annual targets to a five-yearly carbon budget approach.
- A new package of climate action measures was announced, including tripling the number of charging points for electric vehicles and exploring a new integrated ticketing system for public transport in Scotland.
Did you know that 10 million #SocialEnterprises worldwide generate $2 trillion in annual revenue and create over 200 million jobs?
The State of Social Enterprise report ... Show more www.weforum.org/reports/guidebook-on-facilitating-climate-fdi #Alliance4SE #SocialEnterprise #SocialInnovation
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
US Imposes Fresh Sanctions on Iran Over Israel Drone Barrage: The Biden administration imposed fresh sanctions on Iran over its April 13 strike on Israel ...
bloomberg.com/news/articles/2024-04-18/us-imposes-fresh-sanctions-on-iran-over-israel-drone-barrage
Paid articlePaidQuick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
- Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.
- Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.
- Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.
- Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
Scotland cerebral palsy football team wins World Championships: Captain Matthew Wynne scored twice as Northern Ireland were defeated in the final.
news.stv.tv/sport/scotland-cerebral-palsy-football-team-wins-world-championships
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
'We need to make sure that those who did not benefit during the first round benefit this time,' says the head of the WTO. Find out more about what she had to ... Show more www.weforum.org/agenda/2024/01/wto-director-general-davos-globalization/
'Sesame Street' writers authorize a strike if they don't reach a contract by Friday
npr.org/2024/04/18/1245494600/sesame-street-writers-strike
🔊 What you need to know today:
- Gaza IVF embryos destroyed by Israeli strike- German lawmaker on trial after using Nazi salutes
- Coral reefs under stress ... Show more www.reuters.com/podcasts/podcast-gazans-shattered-ivf-dreams-nazi-slogan-coral-reef-stress-2024-04-18/
US officials reportedly say Israeli missiles hit site in Iran: A US official tells US broadcaster ABC that Israeli missiles have struck a site in Iran.
abc.net.au/news/2024-04-19/israeli-missiles-hit-iran-site/103677406
US says Iran readying 100 cruise missiles for possible Israel strikes: reports: The US has responded to the threat by moving warships, including the aircraft ...
businessinsider.com/us-iran-readying-cruise-missiles-possible-strike-on-israel-reports-2024-4
Quick Glance: Israel artist calls for Gaza ceasefire
- The representative of Israel at the international art fair is calling for an immediate ceasefire in Israel’s war on Gaza.
- Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.
- Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.
- It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.
Israel launched an attack on Iranian soil on April 19. Iran says it has no plan for immediate retaliation against Israel. www.straitstimes.com/world/israeli-missiles-hit-site-in-iran-abc-news-reports
#BREAKING | #Israeli missiles targeted a site in #Iran following recent Iranian drone and missile attacks, believed to be in retaliation for a suspected Israeli ... Show more #Syria www.hindustantimes.com/world-news/israel-iran-tensions-news-gaza-war-isfahan-missile-strike-on-iranian-site-in-drone-strike-april-19-2024-latest-updates-101713494410138.html
TSMC Will Charge Its Customers More for US-Made Chips: US-made chips will be more expensive than those made in Taiwan, and customers will have to pay extra for ...
extremetech.com/computing/tsmc-will-charge-its-customers-more-for-us-made-chips
Israel launches strike against Iran: US TV network - News | Khaleej Times: Israel had warned it would hit back after Iran fired hundreds of missiles and drones ...
khaleejtimes.com/world/mena/israel-launches-strike-against-iran-us-tv-network
Israeli envoy slams UN for even considering full status for Palestinian Authority
timesofisrael.com/liveblog-april-18-2024/
San Francisco restaurant owner goes on 30-day hunger strike over new bike lane: San Francisco restaurant owner Eiad Eltawil says he's on a 30-day hunger strike ...
usatoday.com/story/news/nation/2024/04/18/san-francisco-bike-lane-hunger-strike/73359978007/
Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.
independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html
Why is the economy so strong? New hires are spending more and upgrading their lifestyles
usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/
The UK Special Envoy on Antimicrobial Resistance explains how to tackle this growing crisis.
Learn more about antimicrobial resistance in this episode of ... Show more www.weforum.org/podcasts/radio-davos/episodes/amr/
'I will never vote for Netanyahu': Israeli opinion deeply divided by strike on Iran
itv.com/news/2024-04-19/i-will-never-vote-for-netanyahu-israeli-opinion-divided-by-strike-on-iran
'5,000 lives in one shell': Israel destroys Gaza's IVF embryos in strike
trtworld.com/middle-east/5000-lives-in-one-shell-israel-destroys-gazas-ivf-embryos-in-strike-17822038
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Africa is warming faster than the rest of the planet.
Learn more about the action needed to combat climate change from our report ... Show more www.weforum.org/publications/the-state-of-climate-action-major-course-correction-needed-from-1-5-to-7-annual-emissions/ #africa #climatechange #drought
Self belief: I always knew I was built to be an entrepreneur : Eutycus Mwenda is the founder of Milestones Supplies, a fuel depot in Meru town.
nation.africa/kenya/life-and-style/mynetwork/self-belief-i-always-knew-i-was-built-to-be-an-entrepreneur--4593622
Israel hits back at Iran with barrage of missiles and drones: report: Israel on Thursday launched its expected retaliatory strike against Iran ...
nypost.com/2024/04/18/us-news/israel-hits-back-at-iran-with-barrage-of-missiles-and-drones-report/
America’s debt problem is storing up trouble for the rest of the world: The high and rising level of US government debt risks driving up borrowing costs around ...
cnn.com/2024/04/17/economy/america-debt-interest-rates/
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Secretary General urges NATO members to send weapons to Ukraine instead of spending 2% of GDP on defence
pravda.com.ua/eng/news/2024/04/17/7451676/
Quick Glance: NATO Urges Allies to Provide Air Defense Systems to Ukraine
- Beijing is informed by China's president that it is not considered a security threat, as conveyed to the German chancellor.
- Zelenskyy and his followers advocate for equal treatment: What is feasible for Israel should also apply to Ukraine.
- The recent investigation by Brussels into Chinese wind turbines coincides with the increasing dominance of Beijing in the global market for solar panels.
- An examination will be conducted into the impact of Chinese state subsidies on wind turbine operations in Spain, Greece, France, Romania, and Bulgaria.
Russian strike kills at least 14 as Ukraine’s air defenses struggle again to protect cities
cnn.com/2024/04/17/europe/russia-strike-chernihiv-ukraine-air-defense-intl/
Quick Glance: Russia Strikes Chernihiv: 18 Dead, Ukraine Appeals for Air Defense
- At least 18 people were killed and over 60 wounded in Chernihiv due to Russian missile strikes. Ukrainian officials emphasized that the attack could have been prevented with adequate air defense systems.
- Russia launched three Iskander cruise missiles at the city, located near the Russian border and previously encircled by Russian troops.
- Ukraine currently has three Patriot air defense systems but requires 26 for full coverage. Following appeals for more systems, Germany pledged to send an additional one.
- A $60 billion aid package for Ukraine is stalled in the US Congress, allowing Russia to exploit ammunition and air defense shortages and gain ground in the east.
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