World & Politics
U.S. budget deficit doubles to $378B in March - 04/13/2023
The U.S. government's budget deficit nearly doubled from March 2022 to March 2023, rising from $192.634 billion to $378.076 billion. The national debt's interest payments increased by 32% to $384 billion following the prime rate increase. According to a report from the Treasury Department, state budget receipts decreased 0.6% to $313.24 billion last month. Spending reached $691.317 billion, up...
Italian authorities introduce six-month state of emergency because of migration crisis - 04/12/2023
According to the ANSA news agency, the Italian government has imposed a six-month state of emergency (ES) because of the surge in migrants using the Mediterranean route. Nello Musumeci, Minister of Civil Protection and Maritime Policy, offered the recommendation that led to the decision. €5 million will be set aside to fight the crisis. Migrants are anticipated to be welcomed "in a short time in...
Nikkei: Japan is almost free of coal dependence on Russia - 04/10/2023
Japan now depends less on Russian coal, according to Nikkei. The nation's energy businesses are searching for other suppliers, mainly in South Africa and Indonesia. The Japanese Ministry of Finance reports that Japan bought 230,000 tonnes of coal from Russia in February of this year, which is 73% less compared to February 2022. About 6.5 million tonnes were imported between April 2022 and...
WHO expects shortage of 10 million medics by 2030 - 04/07/2023
According to Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organization (WHO), many nations are lacking in medical professionals and caregivers for persons with disabilities. By 2030, he claimed, there might be a 10 million person shortfall in this field. Many doctors relocate to foreign nations in quest of higher salary and better working conditions, as Mr. Ghebreyesus...
WTO: World trade grew in 2022 - 04/06/2023
A World Trade Organization (WTO) report published on Wednesday shows that global trade has stayed resilient, increasing by 2.7% in 2022. Despite the effects of the conflict between Russia and Ukraine, the WTO reported that commerce in goods remained more resilient than anticipated for the majority of 2022. According to the study, "merchandise trade growth averaged 4.2 percent year-over-year in...
Number of Ukrainian refugees with EU temporary protection status exceeds 5 million - 04/03/2023
As of March 28, more than 5 million Ukrainian refugees had been given temporary protection status in EU nations, according to UNHCR statistics. Among the EU nations bordering Ukraine, Poland (1,5 million), the Czech Republic (500 thousand), Bulgaria (155 thousand), Romania (123 thousand), and Slovakia (112 thousand) hosted the majority of the exiles. Among other EU nations, the majority of...
Nikkei: US urges G7 to join forces against Chinese economic pressure - 04/03/2023
The United States is urging the G7 nations—which also include the United Kingdom, Germany, Italy, Canada, France, and Japan—to take combined action against Chinese economic pressure, reports Nikkei. The US government and Congress are reportedly debating a measure to increase tariffs on Chinese goods, among other, the newspaper writes. Washington hopes to prevent Beijing's "economic bullying" of...
London loses its lead in global financial centers rankings - 03/31/2023
According to a yearly survey by the City of London Corp., London has lost its single advantage in the ranking of the world's financial centers. The City of London report, called "Our Global Offer to Business: London and the UK’s Competitive Strengths in Support of Growth, benchmarks the performance of the world’s leading financial centres across 95 metrics," lists the world’s top financial...
IMF Head predicts difficulties for global economy in 2023 - 03/30/2023
IMF Managing Director Kristalina Georgieva forecasted economic challenges in 2023. IMF Managing Director Kristalina Georgieva stated that the IMF anticipates a challenging year for the world economy. "For some time now, the world economy has been in an unstable situation, going through shock after shock. We anticipate that 2023 will be a challenging year," she said during speech given by the...
Japanese parliament approves record budget for fiscal 2023 - 03/28/2023
A budget of 114.4 trillion yen ($875 billion) for fiscal year 2023 (April 1, 2023 to March 31, 2024) was passed by the upper house of the Japanese parliament. The budget was approved by Japan's lower house of parliament on February 28. Even if the upper house deputies were to reject the budget later, it would still go into force automatically 30 days after the lower house approved it, according...
