The Strategist
World & Politics

G20 GDP growth slows to 0.7% in Q2 - 09/15/2023

The Organization for Economic Cooperation and Development (OECD) said that the second quarter of 2023 saw a 0.7% growth in the GDP of G20 nations compared to the first quarter. As a result, economic growth decreased from the first quarter's revised 1% growth rate. According to the research, China's slowdown was mostly to blame for the deterioration of the recovery rate. After growing by 2.2%...

EC proposes new €50B support package for Ukraine - 09/14/2023

Ursula von der Leyen, Chair of the European Commission (EC), has suggested a new four-year aid program for Ukraine. She put the amount at €50 billion. Von der Leyen announced her plan during the annual State of the European Union (EU) speech's plenary session. She claims that such a degree of assistance will aid Ukraine in "rebuilding a modern and prosperous country" in the future. "We're...

Inflation in Argentina hits its highest since 1991 - 09/14/2023

The biggest price increases throughout the month were seen in food, home goods, and medical services. In August, Argentina experienced its greatest rate of price growth since 1991, at 12.4%, show figures released by the Institute of Statistics and Census of the Republic. "The consumer price index climbed overall in August 2023 by 12.4%, representing a cumulative [YTD] growth of 80.2%. The...

New York Fed Chief: Current base rate is satisfactory - 09/11/2023

John Williams, the president of the Federal Reserve Bank of New York, expressed satisfaction with the progress made in bringing down the country's inflation rate and said the Fed will keep an eye on new statistical information before deciding whether to raise or hold the key interest rate. "Monetary policy is currently operating at a very high level. The anticipated outcome has been achieved....

The UN discusses insurance of Ukrainian grain with Lloyd`s of London - 09/08/2023

The British insurance business Lloyd's of London is in talks with the UN to secure supply of grain from Ukraine in case the grain deal is renewed. The answer is yes, John Neal, the CEO of Lloyd's of London, told Reuters: "We want and can continue to provide insurance in case the corridor will be put back into operation and restored." "We are in active discussions with the UN about how that might...

Meteorologists: Air pollution is linked to rising global temperatures - 09/07/2023

According to World Meteorological Organization members, air pollution is a "vicious circle" of environmental issues that is exacerbated by the climate crisis and waves of excessive heat. In the past, meteorologists have predicted that by 2027, global warming could surpass the 1.5 °C threshold. The "vicious circle" of environmental issues brought on by the climate catastrophe and global warming...

IMF prohibits Pakistani authorities from resuming electricity consumption subsidies - 09/06/2023

The IMF insists that the money to be used for subsidies should be returned to the budget by raising tax collection in the nation, according to The Express Tribune. The interim administration of Pakistan requested that state subsidies on power bill payments resume, but the International Monetary Fund (IMF) denied their proposal. The IMF reportedly advised the authorities to reevaluate the...

IEA Chief: US-China disagreement holds back clean energy development - 09/05/2023

Fatih Birol urged these nations to "unite to make progress on climate issues". The 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held in Dubai from November 30 to December 12, could put an end to geopolitical differences between the US and China that are impeding the growth of sustainable energy, said Fatih Birol, Chief of the IEA, in an...

Japan allocates $140M to support fishermen after Fukushima water discharge - 09/05/2023

Increased local demand, sustainable seafood production, reputational costs mitigation, and assistance in locating new international markets are just a few of the support initiatives that will be implemented. The Japanese government will set aside 20.7 billion yen (more than $140 million) to aid the fishing sector, which is suffering losses as a result of the ban some nations, particularly China,...

Indonesia introduces golden visas to attract foreign investors - 09/04/2023

Indonesia is implementing a "golden visa" scheme to entice foreign business and individual investors and boost the local economy. The Jakarta Post newspaper published the news in relation to the declaration made by the Ministry of Justice and Human Rights. According to immigration official Silmy Karim, who was quoted in the newspaper, "the golden visa grants a long-term residence permit of five...
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