News
Hard Numbers: AUKUS compensation, $5 gas in America, Iran-Venezuela cooperation, counting toes in Zimbabwe
Jess Frampton
600 million: Australia will cough up $600 million to compensate the French defense company it scrapped a submarine deal with in order to join AUKUS. Le sub snubstrained relations between Canberra and Paris and opened up a can of worms with Beijing.
5: Average US gasoline prices surpassed $5 a gallon for the first time on Saturday, just as peak driving season gets into full swing. This is bad news for President Joe Biden, who's struggling to ease inflation at the pump ahead of the November midterms with his own approval ratings in the tank.
20: Iran and Venezuela signed a 20-year cooperation agreement during Venezuelan President Nicolás Maduro's visit to Tehran. Details are murky, but the two oil-rich international pariahs will likely continue scratching each other's back while they remain under crippling US sanctions.
130: An internet rumor about Zimbabweans selling their toes for cash became so widespread that the deputy information minister asked Harare street vendors to debunk it by showing they all had 10 toes. What is true is that inflation has surged more than 130% since the beginning of the year in a nation with painful memories of worthless money.
The Iran war is entering its third month with no clear exit. What does the standoff mean for the US, Russia, and China? Ian explains.
Think you know what's going on around the world? Here's your chance to prove it.
Xi Jinping will welcome Donald Trump with lots of pomp and circumstance. The summit, though, will be short on substance.
As women’s wealth and spending power rise, so does their impact on sports. Increased investment, sponsorship, and fan engagement are fueling long-term growth and redefining the economics of the industry. Discover the growth of women’s sports with Bank of America Institute.