We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
Hard Numbers: Indian GDP surges, weather gets more extreme, Suez Canal goes on the rails, Singaporean PM wins in court
Indian Prime Minister Narendra Modi addresses the nation during Independence Day celebrations at the historic Red Fort in Delhi, India, August 15, 2021.
20.1: India's economy grew at a record 20.1 percent in the second quarter of 2021 compared to the same period last year, despite the country suffering a crushing COVID wave this spring. PM Narendra Modi was criticized at the time for refusing to impose another nationwide lockdown to keep struggling businesses open, but in the end it paid off (for him) — the economic rebound has given Modi a comeback in his approval rating.
5: Extreme weather events — like this summer's deadly global heat waves— are now five times more frequent and cause seven times more economic damage than they did in the 1970s, according to a new report by the UN weather agency. However, these disasters are now killing four times fewer people than they did 50 years ago because of better preparedness and technology.
4.5 billion: Egypt has signed a $4.5 billion agreement to connect its Mediterranean and Red Sea coasts with a 660-km (410-mile) high-speed railway. Siemens, the German conglomerate that will build it all, is calling the project a "Suez Canal on rails."
275,000: Singapore's PM Lee Hsieng Loong will get $275,000 in damages from two bloggers he sued for publishing an article that criticized his late father Lee Kuan Yew, the prosperous city-state's first post-independence leader. The Lees and the ruling PAP party have long been accused of using defamation suits to silence free speech by bankrupting opposition pols and independent journalists.