0: Portugal's government has proposed a novel plan to stem the flow of talented young people exiting the country for brighter job prospects in other countries. Beginning in 2025, young people earning up to €28,000 ($30,600) a year would pay zero income tax for their first year of work. They’d then get a 75% tax exemption from the second to the fifth year, 50% between the sixth and ninth years, and 25% in the 10th year.
12: More than 2 million Floridians still have no power as a result of Hurricane Milton, and the storm has been linked to at least 12 deaths, mostly on the eastern side of the Sunshine State.
7: On Wednesday,Saudi Arabia came up short in its bid to win a seat on the United Nations Human Rights Council, a setback for the kingdom’s bid to remake its image. The Asia-Pacific group of candidates, which included Saudi Arabia, had six candidates vying for five seats. The Saudis won 117 votes, seven fewer than the fifth-place Marshall Islands.
121: Novelist Han Kang is the 121st winner of the Nobel Prize for Literature — and the first South Korean author to win the award. Kang was lauded for “her intense poetic prose that confronts historical traumas and exposes the fragility of human life.”
105: The Japanese anti-nuclear weapons organization Nihon Hidankyo, a group of Hiroshima and Nagasaki atomic bomb survivors, has been awarded the 105th Nobel Peace Prize. The group received the honor early Friday “for its efforts to achieve a world free of nuclear weapons and for demonstrating through witness testimony that nuclear weapons must never be used again," said the Norwegian Nobel Committee, which has been issuing the prize since 1901.
58.8: A United Nations tribunal has ordered a former high-ranking official to repay the UN $58.8 million of the organization’s money which he steered towards a British businessman in crooked deals. Vitaly Vanshelboim, a 20-year veteran of the UN who is from Ukraine, is accused of receiving interest-free loans and a Mercedes, among other gifts.
2.4: US inflation fell to 2.4% in September. That’s an improvement from 2.5% in August but fell short of the 2.3% analysts expected. The drop in inflation may not be enough to justify a 50 basis point rate cut when the Federal Reserve meets in November.On June 14, the US and Iran announced a deal to end the war. A signing ceremony is set for Friday. The terms include an immediate ceasefire on all fronts. With both sides spinning the deal as a victory, there are plenty of ways for this to go wrong.
In this episode of "ask ian," Ian Bremmer looks at what the rise of Elon Musk as the world’s first trillionaire reveals about wealth, innovation, and the future of the American Dream.
As AI reshapes the future of work, its impact will depend on the choices we make today. In this new blog, Brad Smith reflects on how graduates are calling for technology that supports human judgment, expands opportunity, and strengthens the role of people in shaping the future. As AI adoption accelerates, the focus must remain on building skills, creating meaningful work, and ensuring its benefits are broadly shared across society. Read the full blog here.
Israeli PM Netanyahu was already struggling in polls ahead of elections later this year, but his situation might get worse after Washington and Tehran agreed to a deal (pending its signing on Friday). Why the issue with ending the war?