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Pakistan and IMF Reach $7 Billion Dollar Bailout Deal, In Response to Economic Crisis 

On Sept. 25, the IMF reached a deal with Pakistan, securing the nation the seven billion dollars needed to pay its debts and stay afloat. The news was uplifting to the country that has an external debt of  $130 billion, with $90 billion due over the next three years. The International Monetary Fund, the financial wing of the United Nations, has continuously lent out money over recent years to Pakistan as the nation struggles to pay back interest on decades-old debt. Pakistan has requested a staggering twenty-three bailouts. This request comes as the nation teetered on being unable to pay back its interest obligations, in effect defaulting.


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COP28 Looms: Global Climate Challenges and Funding Dilemmas Take Center Stage in Dubai Talks

On Oct. 25, Hurricane Otis struck the city of Acapulco on the Pacific coast of Mexico, leaving the country with landslides, flooding, and devastation, becoming the second-strongest storm in Mexico's history.

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EU’s Decision on Chinese EVs and Germany’s Response

On Friday October 4, 2024, the European Union (EU) finished voting on the proposed tariffs on Chinese electric vehicles (EVs). While countries like Hungary and Germany vocally disagreed to this proposition, a majority of EU countries had already voted in favor of the tariffs. The tariffs are only the beginning of a potential long-lasting economic cold war between China and the West.

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