BALANCE: Kevin McCarthy’s Bid for House Speaker Faces Challenges as Republican Opposition Grows
BALANCE, FEATURED

BALANCE: Kevin McCarthy’s Bid for House Speaker Faces Challenges as Republican Opposition Grows

CNN / FOX / NEWSMAX / THE HILL – US House Republican leader Kevin McCarthy is facing difficulty in his bid to become speaker due to his small majority and low popularity. He has made concessions to opponents, including allowing a small number of House members to trigger a vote to remove him as speaker. Meanwhile, a group of 15 current and incoming Republican House members have pledged to only support McCarthy for the position.

Lula da Silva sworn in as Brazil’s president, delivers searing indictment of far-right former leader Bolsonaro
NEWS

Lula da Silva sworn in as Brazil’s president, delivers searing indictment of far-right former leader Bolsonaro

Luiz Inacio Lula da Silva was sworn in as Brazil’s president on Sunday, delivering a searing indictment of far-right former leader Jair Bolsonaro and vowing a drastic change of course to rescue a nation plagued with hunger, poverty and racism. Lula accused Bolsonaro’s administration of committing “genocide” by failing to respond properly to the COVID-19 virus that killed more than 680,000 Brazilians.

Ukraine shoots down 45 Iranian-made Sahed drones fired by Russia in first hours of 2023
NEWS

Ukraine shoots down 45 Iranian-made Sahed drones fired by Russia in first hours of 2023

In the first hours of 2023, Ukraine shot down 45 Iranian-made Sahed drones fired by Russia, President Volodymyr Zelenskiy announced. Attacks earlier on New Year’s Eve hit residential buildings and a hotel in Kyiv, killing at least one person and injuring more than 20. Russia’s Defense Ministry said it targeted production, storage, and launch sites of Ukrainian drones with long-range missiles on New Year’s Eve.

Extinction Rebellion UK announces temporary halt to public disruption tactics, plans to focus on building relationships and increasing attendance at events
NEWS

Extinction Rebellion UK announces temporary halt to public disruption tactics, plans to focus on building relationships and increasing attendance at events

The UK branch of Extinction Rebellion, the environmental group known for its disruptive protests, has announced that it will temporarily halt its public disruption tactics in order to grow its membership and increase its influence. The group plans to focus on building relationships and increasing attendance at events, including a planned protest at the Houses of Parliament in April, rather than seeking arrests through roadblocks and other forms of disruption.

IMF head warns 2023 will be tough year for global economy as major engines of growth experience slowing activity
FEATURED, NEWS

IMF head warns 2023 will be tough year for global economy as major engines of growth experience slowing activity

The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that 2023 will be a tough year for the global economy as the major engines of growth – the US, Europe and China – all experience slowing activity. The IMF has already cut its outlook for global economic growth in 2023 due to continuing drag from the war in Ukraine, inflation pressures and high interest rates engineered by central banks.

China seeks to reassure public that COVID-19 outbreak is under control, though accuracy of data comes under scrutiny
NEWS

China seeks to reassure public that COVID-19 outbreak is under control, though accuracy of data comes under scrutiny

China is seeking to reassure the public that its COVID-19 outbreak is under control and nearing its peak. However, China’s abrupt U-turn on COVID controls and the accuracy of its case and mortality data have come under scrutiny. China reported one new COVID-19 death on Dec. 31, bringing the total to 5,249, though experts say the actual number of infections is significantly higher.

Lula da Silva sworn in as President of Brazil for unprecedented third term, plans to prioritize ending poverty and hunger
NEWS

Lula da Silva sworn in as President of Brazil for unprecedented third term, plans to prioritize ending poverty and hunger

Luiz Inacio Lula da Silva has been sworn in as President of Brazil for an unprecedented third term, following his release from prison in 2019. Lula plans to prioritize ending poverty, ending hunger, and attacking racism, while also rewarding loyal supporters with key cabinet positions. Some investors are concerned that increased social spending and a loyalist cabinet could damage Brazil’s fiscal credibility and lead to increased corruption.

Croatia joins EU’s Schengen zone and adopts euro currency
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Croatia joins EU’s Schengen zone and adopts euro currency

Croatia has joined both the EU’s border-free Schengen zone and the euro currency as of January 1st, fulfilling its ambition to closely integrate with Europe. The country becomes the 27th country to join the Schengen area and the 20th to adopt the euro. Finance Minister Marko Primorac stated that the adoption of the euro will strengthen the economy, improve the investment climate, and make Croatia more resistant to external shocks.

Clashes between anti-government protesters and security forces in Somalia’s breakaway region of Somaliland leave at least 20 dead
FEATURED, NEWS

Clashes between anti-government protesters and security forces in Somalia’s breakaway region of Somaliland leave at least 20 dead

There have been clashes between anti-government protesters and security forces in Somalia’s breakaway region of Somaliland. At least 20 people have been killed and dozens injured. The protesters are demanding that Somaliland cede control of Laascaanood, a town in Somaliland’s east, to Puntland, one of Somalia’s semi-autonomous regions. The protesters also accuse security forces of failing to end insecurity in Laascaanood.