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Hard Numbers: ECB hikes rates, US seizes crypto-ransoms, Argentina plays with fire, jet stream breaks up
ECB President Christine Lagarde during a news conference in Frankfurt, Germany.
REUTERS/Wolfgang Rattay
11: Faced with the highest inflation in the EU’s history, the European Central Bank on Thursday raised interest rates by half a percentage point. It’s the first hike in 11 years, bringing the rate to zero (the ECB had been running negative rates for almost a decade to spur sluggish growth).
500,000: The US has seized $500,000 worth of Bitcoin from North Korean hackers who amassed the funds by using ransomware attacks to extort US hospitals and other medical providers.
40: To reduce crippling budget deficits, Argentina will hike public transportation fares in the capital, Buenos Aires, by a whopping 40% next month. The decision was taken without input from the public and comes as annual inflation runs at 70%. Argentines know what happened when their neighbors in Chile tried to do this, right?
5: The scorching temperatures currently hitting vast parts of the US, the EU, and China have a common origin: a high-altitude air current configuration known as wavenumber 5, because it forms when the jet stream splits into five separate airwaves. Scientists are studying it closely, as well as a related 7-wave pattern and the dreaded “Omega Wave,” which also causes extreme heat.When eager minds need a weekend pass to an unforgettable museum, we are there. Learn more.
America used to be the anchor of the global humanitarian system, David Miliband tells Ian Bremmer on GZERO World, but after the US pullback of foreign aid, the world is confronting the consequences of what happens when that anchor is pulled up.
In the Pacific Northwest, acoustic monitoring is helping detect endangered southern resident orcas and alert nearby vessels in real time. By combining underwater sensors, edge computing, and AI, Microsoft and conservation partners are helping ships reduce noise and collision risks in critical feeding areas. The initiative offers a glimpse of how emerging technologies can support biodiversity conservation while balancing environmental and commercial interests. Read the full story here.
In his latest Quick Take, Ian Bremmer asks whether the United States should be pushing countries to choose between American and Chinese technology as the AI race accelerates.