News
October 07, 2021
8: NATO has expelled eight Russian diplomats from its headquarters for alleged spying. After this latest diplomatic incident, NATO will half the number of Russian liaison officers accredited to operate out of Brussels.
10 billion: Nigeria will borrow $10 billion from foreign and domestic lenders to help fund its 2022 state budget. President Muhammadu Buhari has come under fire for excessive borrowing, which many say has contributed to the country's mounting debt problem. But the government pushed back, saying that borrowing was still "within acceptable limits."
40,700: In a rare move, North Korea is reportedly loosening border restrictions to allow the World Health Organization to transfer much-needed COVID medical supplies through the Chinese border. The WHO says that as of September 23, Pyongyang had carried out a grand total of 40,700 COVID tests, all of which had come back negative, but no one is buying that.
140,000: Austrian Chancellor Sebastian Kurz is at the center of a corruption probe linked to his time as finance minister in 2017. Prosecutors say Kurz was involved in bribing a polling company up to 140,000 euros ($161,900) to cook the numbers in his favor. He also faces accusations of embezzlement. Cops raided Kurz's office Wednesday, but the chancellor said he won't resign, calling the scandal "manufactured."More For You
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The war in Iran is entering a more dangerous phase.
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In this Quick Take, Ian Bremmer breaks down the escalating US-Israel war with Iran and its ripple effects on global markets and supply chains.
As missiles fly and oil prices soar, the Iran war is exposing another major resource vulnerability in the Middle East: water. Fresh water has been a scarce commodity in a region defined by a dry climate and low rainfall, but attacks on the region’s desalination plants, which convert seawater into drinking water, threaten to open a new front.
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