The Strategist
World & Politics

EC President warns of possible problems with Middle Eastern migrants for Europe - 10/18/2023

The European Council President, Charles Michel, stated that European leaders talked about the potentially dangerous effects of events in the Middle East on migration on Tuesday. "It is evident that the situation in the region might have extremely catastrophic repercussions for a country like Egypt, which is presently housing millions of migrants. Furthermore, it might directly affect us in...

China's GDP grows by 5.2 percent - 10/18/2023

China's GDP grew by 5.2 percent in the first three quarters of 2023, according to the People's Republic of China Statistics Bureau. China's national statistics office released figures that showed the country's gross domestic product (GDP) increased 5.2% year over year in the first three quarters of 2023. Preliminary data indicates that China's GDP for the first three quarters of 2023 was 91.302...

Israel requests $10 billion in military aid from the U.S. - 10/17/2023

The New York Times reported, citing three informed individuals, that Israel has asked the United States for $10 billion in emergency military assistance. Congress is presently working with the White House to develop the relief package. According to the report, funding will also be provided for Taiwan, the U.S.-Mexico border, and Ukraine. Senate Majority Leader Chuck Schumer stated while on a...

H&P: Number of multimillionaires in the world grows by 12% over 2023 - 10/13/2023

According to a joint analysis by Henley & Partners (H&P) and New World Wealth, the number of dollar multimillionaires—those whose fortune surpasses $100 million—has climbed by 12% over the course of the year. There were 28.4 thousand of them in the world as of June of this year. 38% of them reside in the United States, making up the majority of them. Based on the number of residents with...

Ukraine starts talks on state debt restructuring and new financing - 10/11/2023

Ukraine has begun negotiations with key bondholders to restructure $20 billion in public debt and find new investors. Grant funding is one choice, although IMF programs do not offer it throughout the debt restructuring period, according to Reuters. Ukraine has commenced active negotiations with significant investors in order to discuss strategies for restructuring its $20 billion foreign debt and...

Over 300 people killed by Hamas in Israel - 10/09/2023

According to Israeli media on Sunday, which cited medical professionals, the number of fatalities in Israel from assaults by the Palestinian group Hamas has surpassed 300 on Saturday. The number is expected to increase further since many people have had such serious injuries. Currently, 1,590 casualties are believed to have occurred overall. Dozens of hostages, including military people, are...

IMF Head: World economy lost $3.7 trillion in 2020-2023 - 10/06/2023

According to Kristalina Georgieva, the chief of the International Monetary Fund (IMF), the loss of global production from 2020 to 2023 will be $3.7 trillion. She claimed that the United States was the only nation that had been able to restore its economy to its pre-pandemic level. "Economic fragmentation poses a threat to further erode economic prospects, particularly for emerging and developing...

UBS and Mozambique to settle claims in Tuna Bonds case - 10/03/2023

UBS Group AG and the government of Mozambique came to an agreement to resolve the country's complaints about Credit Suisse's involvement in the scandal around financing of the purchase of tuna fishing vessels. The sides reached the arrangement immediately before the trial started on October 2 in London, the Financial Times writes. According to UBS, Mozambique and Credit Suisse "mutually...

Survey: Hispanics' contribution to the US economy rises to $3.2 trillion in 2021 - 10/02/2023

According to a survey by Wells Fargo Bank and the Latino Donor Collaborative (LDC), a nonprofit organization, the contribution of Hispanics to the US economy increased to $3.2 trillion in 2021 from $2.8 trillion in the previous year. The GDP of the Hispanic population as a whole would be larger than that of the UK, India, France, and Italy combined, placing it sixth in the world, just behind...

EU obliges its importers to pay for harmful emissions - 10/02/2023

On Sunday, the first phase of the EU's Carbon Border Adjustment Mechanism went into force, requiring foreign importers in six carbon-intensive industries that supply the EU with their products to report harmful emissions to the European Commission. Later on in the mechanism's lifecycle, it will compel exporters from outside the EU to make up any discrepancies in payments for harmful air emissions...
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