43: At least 43 people are dead after a passenger train carrying people from Athens, Greece, to the northern city of Thessaloniki collided head-on with a freight train. A provincial stationmaster has already been arrested as part of the initial investigation. Greek rail unions have long complained about staffing shortfalls and outdated equipment.
10: Cash for chips now comes with strings attached. The US government has ruled that any American companies that receive money from a new multibillion-dollar fund to support the semiconductor industry must agree not to expand in China for 10 years. For more on the Great Global Chips War, see here.
15: A mere 15 years after Kosovo’s controversial declaration of independence from Serbia, the two countries reached a(nother) tentative, EU-brokered framework for peace earlier this week. Much remains to be worked out, but it’s a good sign nonetheless. See here for our recent explainer on why it’s so hard for Kosovo and Serbia to normalize relations.
50,000: Do you have A) $50,000 burning a hole in your pocket and B) a stunningly beautiful camel at your disposal? If so, please consider spending (A) on making a perfect clone of (B), courtesy of a Dubai lab that specializes in camel copies. Get over the hump — do it!On the GZERO World Podcast, Ian Bremmer sits down with Harvard economist and former IMF Deputy Managing Director Gita Gopinath to unpack how the conflict is rippling through the global economy. As oil and gas prices surge, inflation is climbing, adding new costs for households and businesses and putting pressure on growth worldwide.
Think you know what's going on around the world? Here's your chance to prove it.
The revenue generated by Russia’s main oil tax in April amid the Iran war, per Reuters calculations. The amount is double last month’s revenue, and up by 10% from this time last year.
The Iran war has pushed Brent crude prices to $100 per barrel, up from around $70 before the conflict began.
For sixteen years, Prime Minister Viktor Orban has won every fight: four consecutive parliamentary supermajorities for his party, Fidesz; a constitution rewritten to his specifications; courts, media, and oligarchs brought to heel.