World & Politics
China quarantines area around Foxconn plant - 11/02/2022
According to the economic zone's account on the social networking site WeChat, a quarantine has been announced in the economic zone of the airport in Zhengzhou, China, where Foxconn's technology park, the largest plant in the world for the production of the iPhone, is located. The quarantine will last until November 9. The quarantine restrictions will be in place on November 2 in order to protect...
Biden to introduce tax on excess profits of US oil and gas companies - 11/01/2022
If oil and gas firms do not take action to lower fuel market prices by investing in production, U.S. President Joe Biden may slap a tax on their high incomes, the Associated Press learned. The potential of implementing a "windfall profits tax" on oil and gas companies may be raised by President Joe Biden in a request to Congress. According to a White House source who spoke to The Associated...
Head of EU diplomacy urges Russia not to suspend grain deal - 10/31/2022
The European Union requests that Russia reverse its decision to stop taking part in the grain export deal, Josep Borrel, the EU's high representative for international relations and security policy, stated on Twitter. "The EU urges on Russia to change its decision," the head of European diplomacy wrote. "Russia's decision to stop participation in the Black Sea pact jeopardizes the main export...
Norway becomes main supplier of gas to European Union - 10/28/2022
European Energy Commissioner Kadri Simson stated that Norway has supplanted a quarter of all fuel purchased in the EU and has taken over as the continent's primary gas exporter. Norway now supplies 25% of the EU's natural gas imports, making it the EU's top provider of the fuel. The Norwegian Petroleum Directorate had previously reported that production of liquid hydrocarbons fell by 170,000...
Canada wants to join Indo-Pacific Economic Framework - 10/28/2022
At a joint press conference with the United States on Thursday, Foreign Minister Melanie Joly stated that Canada intends to join the Indo-Pacific Economic Framework (IPEF) nations. She stated at the news conference, "I am pleased to announce that Canada will pursue membership in the Indo-Pacific Economic Framework." In May 2022 during a visit to Tokyo, President Joe Biden announced the launch...
Saudi Arabia invests $24 billion in five Arab countries - 10/27/2022
According to the SPA news agency, the Public Investment Fund (PIF) of Saudi Arabia has launched five regional businesses with assets totaling 90 billion riyals ($24 billion) to fund projects in Jordan, Bahrain, Sudan, Iraq, and Oman. The companies will make strategic investments in a number of industries, including manufacturing, communications, real estate, infrastructure, mining, financial...
Australia expects inflation to peak by the end of 2022 - 10/25/2022
According to Jim Chalmers, head of the Treasury Department, Australia's inflation may reach its peak by the end of the year as a result of recent natural disasters and growing energy costs. He told ABC television that "the Treasury Department's current estimate is that inflation will linger longer than we projected." According to the Australian finance minister, inflation will reach a yearly...
Egypt to stop pegging national currency to the dollar - 10/24/2022
According to Central Bank Governor Hassan Abdullah, Egypt's central bank is creating an index of the Egyptian pound in an effort to end the peg of the national currency to the dollar. The head of the Central Bank, who assumed his position in August, stated that while the bank has an independent policy, it recognizes the necessity for coordination with both the public and private sectors. He...
EU leaders reach agreement on combating energy crisis - 10/21/2022
According to Charles Michel, president of the European Council, EU leaders have reached a compromise to address the energy problem. "A decision on energy has been made by the European Council. Solidarity and unity won. We decided to focus on ways to keep energy costs for homes and businesses under control," tweeted Michel. Ursula von der Leyen, the head of the European Commission, stated that...
WHO: Half a billion people will fall ill by 2030 because of sedentary lifestyles - 10/19/2022
According to a World Health Organization (WHO) research on the physical activity status, between 2020 and 2030, there may be more than 500 million cases of preventable noncommunicable diseases (NCDs) due to sedentary lifestyles. According to the organization, the cost of treating the diseases will be more than $300 billion. "Hypertension (47%) and depression (43) will each contribute 43% of the...
