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Could Israel's war on Gaza boost arms sales? | Counting the Cost
Russia’s invasion of Ukraine spurred a global rush to buy military equipment last year. Defence spending across the world hit more than $2 trillion. That’s the highest level in inflation-adjusted figures since at least the end of the Cold War, according to the Stockholm International Peace Research Institute. The surge in arms sales has boosted the bottom lines of defence giants. Military contractors and investors…
War on Gaza: What's the impact globally? | Counting the Cost
Israel’s almost $500bn economy is one of the most developed in the Middle East in spite of its decades-long conflict with the Palestinians. The country, known as the nation for start-ups, has low debt, a current account surplus and high foreign exchange reserves. Now as Israel’s military offensive escalates, the war on Gaza is hitting the economy and putting its resilience to the test. Meanwhile,…
Libyans still counting their dead after colossal flood hit Derna | The Listening Post
As the residents of the city of Derna count their dead, authorities in eastern Libya expel news crews from the city and evade scrutiny of their role in the disaster. Contributors: Elham Saudi – Co-founder & director, Lawyers for Justice in Libya Sami Zaptia – Editor-in-chief, Libya Herald Anas El Gomati – Director, Sadeq Institute On our radar: Media tycoon Rupert Murdoch announced his resignation…
As China's economy stumbles, should the rest of the world worry? | Counting the Cost
China has been described as the world’s factory and the engine of global growth. Its economic rise was once seen as unstoppable. Then came COVID. Slowed by three years of strict lockdowns, the Chinese economy was expected to roar back in 2023; instead, factories are slowing down, consumer prices are falling, real estate is in crisis and exports are in a slump. The grim data…
Chip war: Is there an end to tit-for-tat China-US trade restrictions? | Counting the Cost
Semiconductor chips are a vital component used in devices including smartphones, electric cars, wind turbines and even missiles. They are now considered as crucial to economic production as oil. The United States is worried China could use chip technology to further develop its military power. It unveiled export controls in October to prevent Beijing from getting the most advanced ones. That marked the start of…
Will food prices get higher? | Counting the Cost
Scorching temperatures have ravaged farms from the United States to China. Russia quit a deal that allowed the safe passage of Ukrainian grain exports through the Black Sea. And Ukraine says Moscow hit its grain silos and bombed export routes. On top of that, India banned some rice shipments to keep domestic prices in check. Threats to global food supplies are rising once again. And…
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From top to bottom, rescuers scoured buildings in Porto Alegre for inhabitants stuck in flats or on rooftops as unprecedented flooding turned the streets of the Brazilian metropolis into rivers. [...]
A Ukrainian drone attack hit vehicles carrying workers in Russia's frontier Belgorod region, killing six people and injuring 35, the governor said Monday. [...]
Several Washington, D.C. residents and students at George Washington University (GWU) told Fox News Digital that they felt unsafe on campus and expressed concern about the escalation of pro-Palestinian student [...]
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