2: Indian workers began a two-day nationwide strike on Monday to protest Prime Minister Narendra Modi’s economic policies. The strikers oppose the government’s attempt to privatize some state-owned assets, which they say will boost prices. They are also calling for a greater safety net for workers in the informal economy, who account for 80% of Indian workers.
4.50: Global oil prices fell $4.50 a barrel on Monday after Shanghai entered a city-wide lockdown to contain a COVID-19 outbreak. Traders were concerned about further supply chain disruptions and a drop in demand as China’s financial capital – home to 25 million people – prepared to shut down.
5.8 trillion: The Biden administration unveiled a $5.8 trillion budget plan Monday that aims to reduce the national deficit in part by introducing a new tax on those worth more than $100 million. The White House’s recent focus on fiscal responsibility comes amid fears that still-high inflation will hurt Democrats ahead of midterm elections this November.
120 million: The European Union has seized assets worth 120 million euros ($130 million) linked to alleged money laundering activities by Lebanese officials. These include properties in Germany, France, and Luxembourg. Though it's unclear which individuals the operation was directed against, high-ranking Lebanese officials have for decades embezzled public funds while the country descended further into economic and political crises.On Monday, public health officials said the virus had killed 2,325 people.
The decision deals a blow to a decades-old alliance: South Korea relies heavily on US deterrence against its nuclear-armed northern neighbor and hosts 28,500 American troops.
AI is reshaping not only how college students learn, but what they choose to study in the first place.
Russia may be on the back foot in the war, but life near Ukraine’s front lines remains brutal. On GZERO World, David Miliband talks about the human cost of war and why winning on the battlefield means nothing if Ukraine can’t sustain its people.