16: Of the first 25 companies to list on Star Market, China's new stock exchange for tech firms, 16 of them more than doubled their share prices on the first day of official trading in Shanghai this week. The new exchange may be a boon for Chinese startups struggling to tap traditional sources of investment amid rising US-China tech tensions.
$4.76: Credit reporting agency Equifax agreed to pay up to $700 million in fines as part of a settlement with US regulators over a 2017 data breach that exposed the social security numbers and other personal details of 147 million Americans. That's an average of $4.76 per victim.
4.1: The International Monetary Fund cut its forecast for economic growth in the world's emerging markets this year to 4.1 percent – the weakest rate in a decade. Iran, Russia, and South Africa were among the global political hotspots expected to suffer from shrinking economies this year.
93: California wine sold in China is now being taxed at a rate of 93 percent after the latest round of tit-for-tat US-China tariffs. Among those caught up in the fallout: Chinese NBA legend Yao Ming. His Napa Valley vineyard's foreign exports have fallen by half this year.
More from GZERO Media
Listen: On this episode of the GZERO World Podcast, while the Gaza war rages on with no end in sight, Ian Bremmer and three-time Pulitzer Prize-winning New York Times columnist Thomas L. Friedman discuss how it could end, who is standing in the way, and what comes next. It may seem premature to talk about a resolution to this conflict, but Friedman argues that it is more important now than ever to map out a viable endgame. "Either we're going to go into 2024 with some really new ideas,” Friedman tells Ian, “or we're going back to 1947 with some really new weapons."
What is Bibi thinking? As the Gaza war enters its seventh bloody month, leaders in Washington, Jerusalem, and Gaza are asking that question. Ian Bremmer explains on GZERO World.
People’s appetite for technological “accuracy” is milder than you’d think.
Is the economy broken, or is it booming? And is there a secret accelerant no elected official wants to talk about?
Think you know what's going on around the world? Here's your chance to prove it.
Ian Bremmer's Quick Take: On the back of the Israeli Defense Forces strike killing seven members of aid workers for the World Central Kitchen, their founder, Chef Jose Andres, is obviously very angry. The Israelis immediately apologized and took responsibility for the act. He says that this was intentionally targeting his workers. I have a hard time believing that the IDF would have wanted to kill his workers intentionally. Anyone that's saying the Israelis are only to blame for this—as well as the enormous civilian death toll in this war–I strongly disagree.
Biden told Netanyahu that the humanitarian situation in Gaza and strikes on aid workers were “unacceptable,” the White House readout of the call said.
Given the ugly World War II history between the two countries, that would be a startling development.
Hard Numbers: Foreign travel to Japan surges, Ethiopian diplomat expelled, Safari turns deadly, ABBA’s winning ‘Waterloo’
Newly inaugurated Senegalese President Bassirou Diomaye Faye, in his first act in office, appointed his mentor Ousmane Sonko as prime minister on Wednesday.