Hard Numbers: Crypto upgrade, Angolan inauguration, Iran’s SCO bid, soaring US mortgage rates, enthusiasm for omicron boosters

Crypto upgrade, Angolan inauguration, Iran’s SCO bid, soaring US mortgage rates, enthusiasm for omicron boosters
Representation of Ethereum, with its native cryptocurrency ether.
Reuters

99: Ethereum, the world's no. 2 cryptocurrency after Bitcoin, successfully completed a long-awaited software upgrade that will reduce carbon emissions linked to its mining by 99%. Crypto fans hope “the merge” will help get environmentalists off their backs and end the crypto price slump they’ve suffered since May.

2: Following an unusually competitive election, João Lourenço was inaugurated on Thursday for his second term as Angola’s president. What should we expect? Protests from the opposition, which contested the result as rigged.

9: Iran just inched a step closer to becoming the ninth member of the Shanghai Cooperation Organization by signing a memo to join the Central Asian security bloc. Increasingly isolated on the global stage, Tehran needs all the friends it can get — it also recently applied to join BRICS.

6: Thirty-year fixed mortgages, the most common home loan in America, surpassed 6% for the first time since 2008, double what it was nine months ago. This comes as the consumer price index released this week showed the cost of housing remains stubbornly high despite rising interest rates.

72: Around 72% of Americans say they would get a new COVID booster shot, the first vaccine developed to match developing Omicron variants, according to the Centers for Disease Control and Prevention. Still, this comes amid growing criticism that the public awareness campaign around the new shots has been sluggish.

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Then-Bank of England Governor Mark Carney shakes hands with then-Chinese Premier Li Keqiang before the 1+6 Round Table Dialogue meeting at the Diaoyutai State Guesthouse, in Beijing, China, on September 12, 2017.
REUTERS/Etienne Oliveau/Pool

Questions lurk over how Mark Carney plans to engage with China, as the United States warns allies against dealing with Beijing.

US President Donald Trump announces he has selected the path forward for his ambitious Golden Dome missile defense shield, in the Oval Office of the White House in Washington, D.C., USA, on Tuesday, May 20, 2025.
Chris Kleponis/Pool/Sipa USA

Donald Trump wants to protect the United States from ballistic and hypersonic missiles with a “Golden Dome,” and Canada, officially, wants in.

Canadian Prime Minister Mark Carney gives a thumbs up as he departs after meeting with US President Donald Trump at the White House in Washington, D.C., USA, on May 6, 2025.
REUTERS/Leah Millis

Mark Carney won the Canadian election largely by adopting a pugnacious “elbows up” posture against the Trump administration. Now that he’s in office, he’s adopted a more diplomatic posture.