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  • greenspace 28112024 lg Cities In South Have Far Less Green Space Than Global North Cities: Study November 29, 2024 08:41 ET

    A recent study using NASA satellite data to identify a major gap in global resilience to climate change has found that cities in the southern hemisphere have far lesser green space and therefore lesser cooling capacity than cities in the Global North. "Cities can strategically prioritize developing new green spaces in areas that have less green space," said Christian Braneon, a climate scientist

  • hivhepatitis 29112024 lg ED Testing Finds Thousands With Undiagnozed HIV, Hepatitis B & C In UK November 29, 2024 08:00 ET

    A new report published by the UK Health Security Agency found that the NHS England emergency department opt-out testing program for bloodborne viruses has helped to diagnose thousands of people with HIV, Hepatitis B and C. The report, commissioned by NHS England, evaluates the first 24 months of...

  • payrise 29112024 lg ILO Reports Global Pay Rise On The Back Of Strong Post-Covid Recovery November 29, 2024 06:50 ET

    Pay packets around the world rose 1.8 per cent in 2023 and continued their positive trend in the first half of the year, rising by 2.7 per cent on the back of a strong post-COVID global recovery, the International Labour Organization said on Thursday. "If this trend is confirmed, it will be the largest gain in more than 15 years… however, this positive trend is not shared equally across regions,"

  • tourists 29112024 lg UK Unveils Plan To Welcome 50 Mln International Visitors Per Year By 2030 November 29, 2024 06:14 ET

    The United Kingdom has unveiled an ambitious plan to welcome to the country 50 million international visitors per year by 2030. In a keynote speech at the Tourism Alliance conference in London, Tourism Minister Sir Chris Bryant set out the government's plans for the country to remain one of the most...

  • australiaban 29112024 lg Australia Passes Law On Social Media Ban For Under-16 November 29, 2024 05:36 ET

    The Australian parliament has passed a Bill making children under 16 using social media illegal. One of the world's strictest laws restricting the use of social media, was passed in a hurried process within a week in the parliament with support from the Opposition. The Senate approved the Bill by 34-19 votes late on Thursday, following which the House of Representatives passed it early on Friday

  • holidayseason 28112024 lg Americans To Spend More On Gifts This Holiday Season: Survey November 28, 2024 05:30 ET

    Americans are estimated to spend on Christmas and other holiday gifts slightly more than what they did at this holiday season a year ago, according to two recent surveys conducted by Gallup. U.S. consumers are planning to buy gifts worth $1,012 on average, shows a survey conducted among potential buyers during November 6-20. This is up from $975 they were ready to spent last November. The new p

  • nicolas 28112024 lg US Imposes Sanctions On 21 Nicolas Maduro Cronies November 28, 2024 05:26 ET

    The U.S.Department of the Treasury has imposed sanctions on 21 security and cabinet-level officials aligned with Venezuelan President Nicolas Maduro. This includes 15 leaders of the Bolivarian National Guard, Bolivarian National Police, the Bolivarian National Intelligence Service, Bolivarian militia, and the General Directorate of Military Counterintelligence. These are part of Maduro's securit

  • myanmar 28112024 lg ICC Seeks Arrest Warrant For Myanmar General Over Rohingya Crimes November 28, 2024 05:25 ET

    The Prosecutor of the International Criminal Court, or ICC, has filed an application for issuing an arrest warrant against Min Aung Hlaing, the Acting President and the Commander-in-Chief of Myanmar's armed forces, alleging his involvement in crimes against humanity targeting the Rohingya population. The...

  • obesity 27112024 lg Anti-Obesity Drugs To Be Covered Under Medicare And Medicaid November 27, 2024 07:23 ET

    The Biden Administration has proposed a new rule to significantly expand coverage of anti-obesity medications for Americans with Medicare and Medicaid. Over the past few years, there have been major scientific advancements in the treatment of obesity, with the introduction of new life-saving drugs....

  • nuclear 27112024 lg US To Support Development Of Lithuania's Civil Nuclear Power Program November 27, 2024 06:37 ET

    The United States and Lithuania have signed an agreement to cooperate on the development of the latter's civil nuclear power program. U.S. Secretary of Energy Jennifer M. Granholm and Lithuania's Minister of Energy Dainius Kreivys signed the Intergovernmental deal. This agreement marks the first...

  • airstrike 27112024 lg US Airstrike Targets Pro-Iranian Militia's Weapons Storage Facility In Syria November 27, 2024 05:49 ET

    The United States has carried out an airstrike targeting an Iranian-aligned militia's weapons storage facility in Syria. The strike is in response to an Iranian-aligned attack against U.S. forces in Syria on Monday, the U.S. Central Command said in a press release. Centcom added that it conducted...

  • emissions 27112024 lg US Fuel Economy Hits Record High, CO2 Emissions At Record Low November 27, 2024 04:57 ET

    In 2023, U.S. vehicle fuel economy reached a record high while greenhouse gas emissions dropped to record low levels, according to the U.S. Environmental Protection Agency's 50th annual Automotive Trends Report. The report also shows that all 14 large automotive manufacturers in the U.S. are in compliance with EPA's light-duty GHG program requirements through the MY 2023 reporting period. It is e

  • israelandlebanon 27112024 lg Israel-Hezbollah Ceasefire In Lebanon Holding: Reports November 27, 2024 04:46 ET

    A ceasefire deal between Israel and Hezbollah militants in Lebanon has come into effect in the early hours of Wednesday, and the truce is holding, reports say. After speaking with the prime ministers of Israel and Lebanon Tuesday, U.S. President Joe Biden announced that their governments have accepted the United States' proposal to end the devastating conflict between Israel and Hezbollah. The

  • washingtonaicamera 26112024 lg New AI-Enabled Cameras Improve Airspace Monitoring In US Capital November 26, 2024 06:14 ET

    A new, artificial intelligence-based visual recognition and identification system is in place around Washington, D.C. to keep an eye on the skies and defend the National Capital Region against airborne threats, the Pentagon says. Washington, D.C. is partially protected by an integrated air defense...

  • trumpgoodstax 26112024 lg Trump Vows Massive Hike In Tariffs On Goods From Mexico, Canada, China November 26, 2024 06:12 ET

    President-elect Donald Trump has vowed that he will impose massive hikes in tariffs on goods imported from China, Mexico and Canada immediately after taking office. This is in response to illegal immigration and "crime and drugs" coming across the border from these countries to the United States, according to him. "On January 20th, as one of my many first Executive Orders, I will sign all necess

Global Economics Weekly Update - November 25 - 29, 2024

November 29, 2024 14:14 ET
The holiday-shortened week saw the release of some key reports from the U.S. that included the PCE index data, the Fed minutes and latest GDP figures. Explore how these are going to influence interest rate expectations. Across the Atlantic, a closely-watched survey for business confidence in Germany were in focus. In the Asia-Pacific, the New Zealand central bank announced the latest interest rate decision. Read RTTNews stories to learn more about these key reports.