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The World in Brief from The Economist
America’s ominous warning to Iran; China’s uninspiring growth target, and more
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Pete Hegseth claimed that America and Israel would soon gain control of Iranian airspace and deliver “death and destruction all day long”. Also, America’s Senate rejected a measure that would require Congress to approve Donald Trump’s military operations in Iran.
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Oil prices soar as high as $125; Pentagon reveals $25bn cost of Iran war, and more
11:10|The price of Brent crude, the global oil benchmark, soared past $125 a barrel—its highest level since 2022—before falling. Also, the Pentagon revealed that the war with Iran has cost America $25 billion so far.
20260430. Meta boosts AI spending; Powell to stay on Fed board, and more
04:09||Ep. 20260430Meta reported revenues of $56.3bn in the first quarter, up 33% year on year and ahead of expectations.
Meta boosts AI spending; Powell to stay on Fed board, and more
10:44|Meta reported revenues of $56.3bn in the first quarter, up 33% year on year and ahead of expectations; Jerome Powell said he had “no choice” but to remain on the Federal Reserve’s board until the Justice Department’s criminal investigation into America’s central bank was “well and truly over”
Trump claims King Charles III’s support on Iran; Meta accused of breaching EU law, and more
12:22|Donald Trump claimed King Charles III “agrees with me even more than I do” that Iran should not have a nuclear weapon. Also, regulators charged Meta with breaking EU law by failing to prevent children under the age of 13 from using its platforms.
20260429. UAE leaves OPEC; King Charles III addresses Congress, and more
04:05||Ep. 20260429The United Arab Emirates said it would leave the Organisation of Petroleum Exporting Countries on May 1st, after six decades of membership.
UAE leaves OPEC; King Charles III addresses Congress, and more
11:12|The United Arab Emirates said it would leave the Organisation of Petroleum Exporting Countries on May 1st, after six decades of membership; In a speech to America’s Congress, King Charles III sought to salvage the countries’ battered “special relationship”, saying ties were “more important” than ever and that global challenges were “too great for any one nation to bear alone”.
Rubio dismisses Iran’s latest proposal; Hizbullah refuses to disarm, and more
10:35|America’s secretary of state dismissed as “unacceptable” a new proposal by Iran to end the war. Also, Hizbullah’s leader ruled out giving up its weapons under any deal with Israel
20260428. China blocks sale of AI firm to Meta; White House gunman charged with attempting to assassinate Trump, and more
04:08||Ep. 20260428China blocked Meta’s $2bn acquisition of Manus, an artificial-intelligence startup, ordering both firms to cancel the transaction.
China blocks sale of AI firm to Meta; White House gunman charged with attempting to assassinate Trump, and more
10:32|China blocked Meta’s $2bn acquisition of Manus, an artificial-intelligence startup, ordering both firms to cancel the transaction; Cole Tomas Allen, the gunman arrested at the White House Correspondents’ Association dinner on Saturday, was charged with attempting to assassinate Donald Trump, as well as two firearms offenses.