Month: August 2023

Will China’s slowdown pull the US into recession?

China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…

10 things you need to know today: August 13, 2023

1 Maui blaze becomes deadliest wildfire in a century as death toll rises to 93 At least 93 people have died from the wildfire that struck the island of Maui, Hawaii, making it the deadliest wildfire in modern American history. The fatalities were confirmed Saturday evening in a news release from Maui County, which added…

10 things you need to know today: August 19, 2023

1 Hurricane Hilary bringing unprecedented storm warnings to Southwest Hurricane Hilary is likely to bring heavy rainfall and flooding to the Southwest United States and parts of Mexico this weekend, as the region prepares for a rare tropical storm to make landfall. Hilary will likely still be a hurricane when it reaches the Baja California…

Wagner’s finale? Prigozhin’s death marks Russian shift in strategy.

Wagner’s finale? Prigozhin’s death marks Russian shift in strategy. | View caption Hide caption His death most probably spells the end of the Kremlin’s reliance on freelance military groups, especially in Africa, in favor of direct state control. Earlier this week Mr. Prigozhin issued a militant video manifesto, purportedly shot in Africa, proclaiming that the…