News
Hard Numbers: China lockdowns expand, US gas prices to fall (until fall), UN seeks longer Yemen truce, cars-for-kids in Russia
Annie Gugliotta & Jess Frampton
18.7: Cities and regions of China that produce 18.7% of the country’s GDP are currently under COVID-related lockdowns as the BA.5 variant spreads. That’s up from 17.5% a week ago. China’s recent economic slowdown has already fanned fears of a global recession.
15: The average cost of a gallon of gasoline in the US fell 15 cents this week to $4.52. Prices have been easing for a couple of reasons in recent weeks: sticker shock has scared off some consumers, while recession fears have driven down oil prices. But supply remains tight, and analysts warn that fresh oil sanctions on Russia could set prices soaring again this fall.
6: The UN is pushing the warring parties in Yemen to extend their ceasefire for six months. The current shaky truce, the longest since the war started in 2014, was inked in April and has been extended once since then. It expires on Aug. 2.
5 million: Earlier this year, Russian President Vladimir Putin decreed that the families of Russian soldiers killed in Ukraine would get a lump sum of 5 million rubles (about $70,000.) On Sunday, Russian state TV highlighted the upside of that benefit by profiling a man who spent the money on a white Lada sedan. “Alexei always dreamed of a white car,” the man says of his deceased son. Guess where the car’s first trip was …Iran’s regime has survived the war, but ordinary Iranians are still living with fear, repression, and a collapsing economy. Yeganeh Torbati joins Ian Bremmer to explain what comes next for the people inside Iran.
Think you know what's going on around the world? Here's your chance to prove it.
US President Donald Trump said he would grant Ukraine a license to manufacture Patriot air-defense missiles during the NATO meeting in Turkey on Wednesday, fulfilling a longstanding request from Kyiv.
The Senate trial of Vice President Sara Duterte has turned a family feud into a fight over the Philippines’ political future — and its place between the US and China.