Here’s what’s going on in the world for the week of April 3, 2022.
U.S. Federal Reserve is mulling another interest rate bump after positive news on job growth. The federal interest rate affects global financial assets denominated in the U.S. dollar, such as treasury bonds or debts denominated in dollars.
The United Nations is appointing a 16-member panel to investigate climate change projects and efforts by private sector actors to determine their effectiveness and how to improve corporate efforts to fight climate change. The announcement comes after environmental groups accuse some large corporations of ‘greenwashing’- when a climate damaging activity is rebranded as fighting climate change.
The Middle East and North Africa are experiencing more frequent and damaging climate disasters and higher temperatures than anywhere else in the world.
Only 2 million Bitcoin left untapped globally.
Amazon workers in Staten Island, New York, now have a unionized warehouse after successfully voting for one. This comes after more than 25 years of Amazon preventing unionization company-wide and may inspire other Amazon warehouses.
Workers for Brazil’s central bank have voted on an indefinite strike starting April 1, while the president of the central bank, Roberto Campos Neto, vacations in Miami. This threatens the Pix payment system that 67% of Brazil’s adult population use.
The Biden Administration may end Title 42 by May 23, though this has not been finalized. The administration is seeking to address “root causes” for migration in a shift in immigration policy.
The duct fiber foundations of a smart city are being laid out in Lagos. Another smart city project, the Eko Atlantic, also in Lagos, held a ground breaking ceremony for a new U.S. consulate.
Aid is reaching Tigrayans for the first time since December 15, 2021 after a truce was called last week. More then 90% of the Tigrayan population need food after the 16-month long civil war between the Ethiopian government and the Tigrayan People’s Liberation Front left the thousands dead and brought hundreds of thousands to starvation since November.
The United Nations voted unanimously to endorse an African Union force fighting armed groups like al-Shabab and Daesh. The new force will transition responsibility for Somalia’s domestic security to the Somali transitional government over time as the government gains strength.
Putin’s war is not a sign of genius, and has been a disaster.
Ukrainian officials and civilians accuse Russian military personnel and the Russian government of atrocities and massacres across the Kyiv region.
Lithuania stopped importing Russian gas at the beginning of April, the first European nation to stop buying Russian gas.
In Jordan, Prince Hamza bin al-Hussein has renounced his title and claim on the throne.
The Swiss Agency for Development and Cooperation (SDC) is working with nations in West Africa, Central Asia and the Middle East to develop water conservation and use strategies to promote stability and cooperation. Known as the Blue Peace Strategy, the SDC believe this could be a tool to promote peace in the Middle East and beyond as water scarcity becomes a greater threat.
Yemen’s 7-year long war might be seeing peace as all warring factions agreed to a two-month truce for the month of Ramadan.
Pakistan is headed for early elections after president Imran Khan avoided a no-confidence vote and dissolved Parliament.
Several cryptocurrency mining companies took advantage of tax cuts and exemptions not meant for them specifically, according to auditors in Kazakhstan. While not actually breaking any laws, these companies were an example used by the Accounts Committee to claim the Digital Kazakhstan program was not working as intended.
The President and prime minister of Sri Lanka lost all 26 ministers in the government in protest over the nation’s woes- national debt, rising cost of living, shortages of food, medicine and fuel.