fundamental problem of economics, satisfying unlimited wants with limited resources
🔊 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
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.
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
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.
Jay Powell says US inflation ‘taking longer than expected’ to hit target: Comments from Federal Reserve chair come amid mounting doubts about pace of interest ...
ft.com/content/3d0ddbe1-4637-4262-ba40-934015606166
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
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/
Price gains and higher interest rates: financial assets of private households rise to record levels
spiegel.de/wirtschaft/soziales/geldvermoegen-privater-haushalte-steigt-auf-rekordwert-a-c9d0653d-0f0e-4678-86d1-5785ee7a8198
Quick Glance: Record: Germans Have 7716 Billion Euros in Wealth
- German individuals currently own approximately 7716 billion euros.
- In the last quarter, net wealth increased by 244 billion euros.
- Investments in stocks, bonds, and high bank deposits are popular.
- Households' net wealth amounts to 5560 billion euros.
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
Israel should not rush to strike back at Iran: Instead it should try a novel response to Iran’s missile attack: restraint
economist.com/leaders/2024/04/18/israel-should-not-rush-to-strike-back-at-iran
Quick 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.
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/
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
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
2 Hezbollah commanders killed in IDF strikes as attack drones injure 3 in north: Military probing why sirens didn't sound before drones struck near community of ...
timesofisrael.com/hezbollah-commander-killed-in-idf-strike-as-attack-drones-injure-3-in-northern-israel/
Quick Glance: British Foreign Minister's Visit to Israel Tomorrow; Israel Plans 'Limited Strikes' in Iran - CNN
- British foreign minister's visit to Israel scheduled for tomorrow
- Rishi Sunak urges calm in relation to Iran
- US anticipates Israel contemplating limited strikes in Iran - sources
- Israel warns Iran: 'Will not go unpunished'
A large explosion hits Chernihiv, Ukraine, as people attempt to duck for cover from the strike at a bus stop. The Russian missile attack killed at least 13 ... Show more #UkraineRussiawar #UkraineRussia #Ukraine #explosion #war #Reuters #news
'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 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.
Coles responds to customer’s filthy rant: Coles has apologised for “letting down” shoppers after an angry customer slammed the supermarket for making shoppers ...
news.com.au/lifestyle/real-life/news-life/coles-responds-to-customers-filthy-rant-about-selfserve-checkouts/news-story/6e0d352925993fc203450b0a71f8074f
US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Russian Missile Strikes North of Kyiv Kill at Least 14, Ukraine Says: President Volodymyr Zelensky said the death toll might rise and blamed lack of air defenses ...
nytimes.com/2024/04/17/world/europe/ukraine-chernihiv-strike.html
The World Economic Forum's Special Meeting on Global Collaboration, Growth and Energy for Development will take place 28-29 April 2024 ... Show more #SpecialMeeting24 www.weforum.org/events/special-meeting-on-global-collaboration-growth-and-energy-for-development-2024/
China's Q1 GDP growth surpassed expectations, data shows: China's economy grew faster than it was forecast in the first quarter, data released on Tuesday ...
foxbusiness.com/economy/chinas-q1-gdp-growth-surpassed-expectations-data-shows
At least 13 killed, including 7 children, after strike on Gaza’s Al-Maghazi refugee camp
cnn.com/2024/04/16/middleeast/maghazi-refugee-camp-strike-gaza-intl-latam/
Tesla Semi has been pushed ‘well beyond expectations’ by a new customer: Tesla has delivered its Tesla Semi, an electric semi truck, to a new customer for a ...
electrek.co/2024/04/17/tesla-semi-pushed-well-beyond-expectations-new-customer/
Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?
timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar
Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.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
🔴 US National Security Adviser Jake Sullivan, along with other G7 countries and close allies, has stated their intention to swiftly implement sanctions ... Show more www.aljazeera.com/news/liveblog/2024/4/17/israels-war-on-gaza-live-eleven-killed-in-israeli-strike-on-refugee-camp
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
Iranians anxious as Israel weighs strike response to unprecedented Iranian attack#WIONOriginals #IranIsraelAttack
How California fast food restaurants raised menu prices in response to $20 minimum wage
nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/
ABC NEWS SPECIAL REPORT: U.S. officials confirmed Israel's announcement that Iran’s retaliatory strike has begun. abcnews.go.com/International/live-updates/israel-gaza-hamas-war/
Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
International Monetary Fund: Germany in last place among industrialized nations (again)
spiegel.de/wirtschaft/unternehmen/konjunktur-deutschland-auf-dem-letzten-platz-der-industrienationen-schon-wieder-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4
Israel ‘badly miscalculated’ severity of Iranian response to Damascus strike – report
timesofisrael.com/liveblog-april-18-2024/
Trump hush money trial live updates: First 6 jurors seated: Former President Donald Trump's criminal hush money trial in New York continues with the jury ...
abcnews.go.com/US/live-updates/trump-hush-money-trial/first-3-jurors-seated-109322044
'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
Zelenskyy confirms Ukrainian Armed Forces strike on Dzhankoi airfield: In his evening address, Ukraines President Volodymyr Zelenskyy has confirmed the strike by ...
pravda.com.ua/eng/news/2024/04/17/7451724/
Ringgit opens higher despite greenback strength: KUALA LUMPUR: The ringgit opened higher against the US dollar today although the greenback’s appeal as a ...
thestar.com.my/business/business-news/2024/04/17/ringgit-opens-higher-despite-greenback-strength
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
Iran’s deputy foreign minister for political affairs Ali Bagheri warned that if Israel commits another attack on Iran, then it should expect to “get hit harder ... Show more
At least 11 children were killed in an Israeli strike on central Gaza’s Maghazi refugee camp on Tuesday, Al Jazeera correspondent Hani Mahmoud reported ... Show more
Noisy Starbucks? Coffee chain unveils plans to dim cacophony in some stores: Starbucks is working to reduce noise inside its stores by adding acoustic dampening ...
usatoday.com/story/money/food/2024/04/16/starbucks-quieter-inside-noise-reduction-foams/73347021007/
Is It Time To Buy Gold Stocks And ETFs As Gold Futures Hit A High? Here's What Charts Show
investors.com/research/gld-stock-a-buy-right-now-heres-what-charts-show-2/
Citadel's Ken Griffin files plans for 62-story office skyscraper in NYC: Griffin, who relocated his company's headquarters to Miami, has previously said remote ...
businessinsider.com/citadel-ken-griffin-plans-62-story-office-skyscraper-nyc-2024-4
Trump's plan to fix inflation is to drill more oil, but Biden's already doing that, so what now? John Leguizamo
Doctors threaten to stop autopsies, filling out P3 forms following Koome's warning
nation.africa/kenya/news/doctors-threaten-to-stop-autopsies-filling-out-p3-forms-following-koome-s-warning-4592216
Kampala traders strike enters day two
Kampala traders are continuing their sit-down strike, which began yesterday, to protest @URAuganda's Electronic Fiscal ... Show more #MonitorUpdates
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
What’s the cheapest way to the edge of space? Ride a balloon: Spanish startup HALO Space hopes to begin commercial flights to near-space in 2026 ...
cnn.com/2024/04/16/travel/halo-space-near-space-balloon-trip/
Auckland to Northland expressway will boost GDP by $1.2b a year, report shows: A four-lane expressway from Auckland’s Warkworth to Northland’s Kaikohe would have ...
nzherald.co.nz/northern-advocate/news/auckland-to-northland-expressway-will-boost-gdp-by-12b-a-year-report-shows/KWVVAXLM75FRZBZJ6QFINPPWJA/
Estonian Foreign Ministry on Russian strike on Chernihiv: This wouldn't have happened if Ukraine had everything they asked to protect their skies
pravda.com.ua/eng/news/2024/04/17/7451645/
UAE: Remote work extended for govt employees until Friday - News | Khaleej Times: This directive has been issued after taking the current country-wide ...
khaleejtimes.com/uae/uae-remote-work-extended-for-govt-employees-until-friday
#VantageOnFirstpost : While Iran has no friends remaining in the Western world, it has cultivated close ties with countries like Russia and China ... Show more
🔗: Insurance firms should shun the East African Crude Oil Pipeline — #AJOpinion by Myrto Tilianaki and Hellen Huang www.aljazeera.com/opinions/2024/4/16/insurance-firms-should-shun-the-east-african-crude-oil-pipeline
UAE rains: Private sector firms urged to allow flexible work patterns for employees on Day 3 - News | Khaleej Times
khaleejtimes.com/uae/uae-private-sector-firms-urged-to-allow-employees-to-work-from-home
Israeli Defence Minister Yoav Gallant says Israel will strike anyone who tries to fight it “anywhere they are” following Iran’s retaliatory attack ... Show more
US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
Rains in Sharjah: Remote work for government departments extended till April 17: Extra day allotted for work from home after heavy rains on Tuesday
gulfnews.com/uae/government/rains-in-sharjah-remote-work-for-government-departments-extended-till-april-17-1.102191005
China GDP rises 5.3%, but it doesn't mean the economic pain is over: March retail sales and industrial output fell short of forecasts. First-quarter new home ...
businessinsider.com/china-economy-first-quarter-gdp-growth-but-pain-not-over-2024-4
Together these 10 countries account for two-thirds of global GDP.
Learn more about the key trends in the economic environment from the World Economic Forum’s ... Show more www.weforum.org/publications/chief-economists-outlook-january-2024/
China’s GDP grows 5.3% in the first quarter of 2024: China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory ...
cnn.com/2024/04/15/business/china-q1-gdp-growth-intl-hnk/
Quick Glance: China's Economy Surprisingly Strong in Q1 2024
- China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.
- In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.
- A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.
- China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
Israel’s chief says it will respond to Iran’s missile strike: Israel’s military chief says that Israel will respond to Iran’s missile strike over the weekend. Lt ...
apnews.com/article/mideast-tensions-israel-iran-drone-attack-aec3627b0b19b42dcafc89a7408dc296
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
Kenya doctor strike: The public caught between the medics and the government: Patients have been left without access to crucial services at state hospitals for a ...
bbc.com/news/world-africa-68769839
La Grange Park and police officers ratify a new three-year contract: A three-year collective bargaining agreement has been ratified by La Grange Park and members ...
chicagotribune.com/2024/04/15/la-grange-park-and-police-officers-ratify-a-new-three-year-contract/
Iran launches unprecedented retaliatory strikes on Israel in major escalation of widening conflict
cnn.com/2024/04/13/middleeast/iran-drones-attack-israel-intl-latam/
Quick Glance: New Measures Against Iran and Escalation in West Bank
- The United States intends to take further actions against Iran in the coming days to address the attacks on Israel over the weekend, as announced by US officials on Tuesday.
- To combat the escalation in the Israeli-occupied West Bank, Israeli and Palestinian officials reported the deaths of two Palestinians shot by Israeli settlers on Monday.
Biden unlikely to cut Iran's oil lifeline after Israel attack: Iran's unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions ...
reut.rs/49DxWco
Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
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