Skip to content
Search

Latest Stories

News

Hard Numbers: US economy’s dead-cat bounce, Myanmar fake news on Facebook, French MEP on hunger strike, Ivorian presidential hopefuls

Hard Numbers: US economy’s dead-cat bounce, Myanmar fake news on Facebook, French MEP on hunger strike, Ivorian presidential hopefuls
Make us preferred on Google

7.4: The US economy grew by 7.4 percent in the third quarter, the largest jump in history. Given the pandemic-induced beating that America's GDP took in the previous quarter, any reopening was bound to be big. In fact, economists have a macabre term for this: "a dead-cat bounce" (even a dead cat will bounce if you drop it from a high enough window).


99.4: In Myanmar, 99.4 percent of social media users are on Facebook. Just days before the country's general election, the company is struggling to contain a deluge of fake news items, including rumors that Aung San Suu Kyi, the country's de-facto leader, has died from the coronavirus. In 2018, Facebook was implicated in the military's attempted genocide of the country's Rohingya minority.

0.01: A French lawmaker in the European Parliament is on a 15-day hunger strike over insufficient EU funding for health and climate change research. Socialist Pierre Larrouturou is calling for a 0.01 percent tax on financial transactions that he believes could raise 50 billion euros ($58.5 billion) per year for the bloc's budget.

4: Only four candidates are running for president in Saturday's election in the Ivory Coast, the world's top producer of cocoa beans (from which chocolate is made). One of them is the incumbent, Alassane Ouattara, who is in the race after a controversial court ruling allowed him to stand for reelection despite a constitutional two-term limit.

More For You

The GOP’s Musky scent
Musk’s cash splash – which makes him the largest known midterm donor – is meant to help Republicans head off a so-called “Blue Wave” of Democrat support that could cost the GOP not only the House, but possibly the Senate as well. It signals that Musk intends to remain a fixture of Republican politics, despite his rocky exit from the Trump [...]
Boxes of perished goods are seen outside an Intermarche supermarket in Paris the day after a cyberattack targeted refrigeration systems at French supermarket chains, causing food losses and fires at several stores, France, October 13, 2026.

Boxes of perished goods are seen outside an Intermarche supermarket in Paris the day after a cyberattack targeted refrigeration systems at French supermarket chains, causing food losses and fires at several stores, France, October 13, 2026.

REUTERS/Lucien Libert
Supermarket cyberattacks turn the heat up in France Hackers set their sights on an unusual target in France this week: supermarkets. On Monday, attackers used remote software to raise the temperature on fridges and freezers to around 122 degrees Fahrenheit, spoiling food and sparking fires. While the full scale of the attack remains unconfirmed, [...]
MF Communications Officer Jose Luis De Haro, Director of the Research Department at the IMF Silvana Tenreyro, Deputy Director of the Research Department at the IMF Petya Koeva-Brooks and Division Chief at the Research Department of the IMF Deniz Igan attend a press briefing during the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National Convention Center (QSNCC)

IMF Communications Officer Jose Luis De Haro, Director of the Research Department at the IMF Silvana Tenreyro, Deputy Director of the Research Department at the IMF Petya Koeva-Brooks and Division Chief at the Research Department of the IMF Deniz Igan attend a press briefing during the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand, October 13, 2026.

REUTERS/Patipat Janthong
The people tasked with safeguarding the world’s financial stability are gathering in Bangkok, Thailand, this week. Central bankers, finance and development ministers, private sector leaders, civil society representatives, and academics from nearly 200 countries are attending the IMF-World Bank’s annual meetings to discuss soaring public debt, the [...]
EU puts the brakes on Chinese EVs
Will Fitzpatrick
The EU has new plans to limit the flow of Chinese-made goods into the continent to address its massive trade imbalance with China. China exported more than $7.5 billion worth of electric vehicles to the bloc in the first half of this year, nearly three times as much as during the same period last year. An estimated 800,000 Chinese-made fully [...]