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Politics this week

The World Health Organisation rushed to respond to an outbreak of Ebola in the Democratic Republic of Congo. So far, health workers have done a much better job of containing the virus than they did in west Africa in 2014. The fear, however, is that it may spread to big cities. See article.

via the economist: the world

KAL’s cartoon

via the economist: the world

Politics this week

Tens of thousands of Palestinians protested along the border between Gaza and Israel to highlight their various grievances. Israeli soldiers shot and killed about 60, according to Gaza’s health ministry.

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Business this week

President Donald Trump introduced a plan to lower the cost of drug prices for consumers in America. The proposals include compelling pharmaceutical firms to list their prices in advertisements.

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KAL’s cartoon

via the economist: the world

Business this week

Argentina called in the IMF, after a run on the peso prompted the central bank to raise its benchmark interest rate to 40% and spend $5bn of reserves in an effort to prop up the currency.

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Politics this week

President Donald Trump pulled America out of the deal brokered by world powers in 2015 to roll back Iran’s nuclear-weapons programme, saying it was “rotten”. He reimposed all sanctions and gave foreign firms up to six months to stop doing business with the country.

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Politics this week

South Korea said that American troops would remain in the country even if it does reach a deal with North Korea to end the Korean war formally.

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KAL’s cartoon

via the economist: the world

Business this week

T-Mobile and Sprint decided to have another go at merging, announcing a deal that values the combined company at $146bn, including debt. The pair toyed with the idea of hooking up in 2014.

via the economist: the world

KAL’s cartoon

via the economist: the world

Business this week

The yield on America’s ten-year Treasury bond passed 3% for the first time since early 2014. Stockmarkets frowned, as investors worried that a climbing yield on the benchmark bond would lead to higher borrowing costs.

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Business this week

Martin Sorrell resigned as chief executive of WPP following an internal investigation into unspecified personal misconduct. He denies the allegations.

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Politics this week

Dozens of people were killed in protests in Nicaragua. People are furious that the regime of President Daniel Ortega emptied the public pension pot and then ordered workers to top it up. The protests lasted for days, even after Mr Ortega backed down.

via the economist: the world

KAL's cartoon

via the economist: the world

KAL's cartoon

via the economist: the world