News
Hard Numbers: Fed goes hiking, Germany goes gray, Sri Lanka goes to China, Brazil goes to influencers
GZERO Media
0.75: The US Fed looks set to raise interest rates by another 0.75 percentage points on Wednesday in a bid to tamp down inflation, currently at its highest level since 1981. But after this the Fed will have to be careful about further hikes, which could risk pushing the economy into recession.
10: The share of Germany’s population between the ages of 15 and 24 has fallen to a historic low of just 10%. That’s about the same as Spain and Austria but below the European average of 10.6%. A shortage of working-age people will, over time, increase pressure for immigration, which can be politically contentious.
4 billion: Sri Lanka, in the throes of an acute political and economic crisis that recently upended the government, is seeking a $4 billion aid package from China. Beijing is one of Sri Lanka’s two largest government creditors (the other is Japan), holding about 10% of the debt. China’s economic influence on the island has stoked concern about tensions with India, the country’s traditional economic partner.
500,000: Brazil has 500,000 potential social media “influencers,” a category that the marketing gurus at Nielsen define as people with more than 100,000 followers. That’s the highest number of any country in the world, and it’s one reason that leading presidential contenders in Brazil are looking to online kingmakers for help ahead of this fall’s election.Robotaxis, autonomous trucks, and drone networks are moving closer to reality. As costs fall and infrastructure grows, physical AI is unlocking new markets and business models. See what's driving the next era of mobility by subscribing to Bank of America Institute.
In this "ask ian," Ian Bremmer breaks down the rapidly unraveling situation following the US announcement of “Project Freedom” and why tensions with Iran are escalating again.
India’s Modi consolidates grip after historic state election win, Venezuela and Guyana are back in court over border dispute, Trump administration weighs a hands-on approach to AI
Canadian Prime Minister Mark Carney attended a meeting of the European Political Community in Armenia this weekend, a first by the leader of a non-European country. He was invited to discuss common interests in trade, energy, and security. In a speech that echoed his address to the World Economic Forum in Davos two months earlier, Carney called on middle powers, including Canada and European nations, to work together in the wake of disruption of the established world order — implicitly pointing to the United States. “It’s my strong personal view that the international order will be rebuilt,” he told the crowd in Yerevan, “but it will be rebuilt out of Europe.”