Mali War 2022 Bankass massacres Islamist insurgents kill 132 civilians over the weekend in a series of attacks on three villages in the Bankass Cercle of Mali's Mopti Region, including Segue. (AP)
2022 Bankass massacres Islamist insurgents kill 132 civilians over the weekend in a series of attacks on three villages in the Bankass Cercle of Mali's Mopti Region, including Segue. (AP)
Islamist insurgents kill 132 civilians over the weekend in a series of attacks on three villages in the Bankass Cercle of Mali's Mopti Region, including Segue. (AP)
2022 food crises Egypt rejects two World Trade Organization (WTO) agreements which would have forced it to export domestically needed food to alleviate the global food crisis, citing proposals that it considers harmful to developing countries and also noting that 30 other WTO member states restrict food exports. (Al Monitor)
Egypt rejects two World Trade Organization (WTO) agreements which would have forced it to export domestically needed food to alleviate the global food crisis, citing proposals that it considers harmful to developing countries and also noting that 30 other WTO member states restrict food exports. (Al Monitor)
2021–2022 global energy crisis Lebanon, Egypt and Syria sign an agreement to supply Egyptian gas to a power plant in northern Lebanon through Syria. However, the World Bank, which is financing the deal, must validate the agreement before it can take effect. (The Independent)
2021–2022 inflation surge 2022 United Kingdom national rail strike Railway transport workers go on a nationwide general strike in the United Kingdom after talks on a 7% pay increase for workers collapses. The RMT says that industry executives have only offered a 2% increase in pay, which is well below rising inflation levels. (BBC News)
2022 United Kingdom national rail strike Railway transport workers go on a nationwide general strike in the United Kingdom after talks on a 7% pay increase for workers collapses. The RMT says that industry executives have only offered a 2% increase in pay, which is well below rising inflation levels. (BBC News)
A Palestinian man is stabbed and killed by an Israeli settler in the occupied West Bank. (Reuters)
Israeli–Palestinian conflict A Palestinian man is stabbed and killed by an Israeli settler in the occupied West Bank. (Reuters)
Lebanon, Egypt and Syria sign an agreement to supply Egyptian gas to a power plant in northern Lebanon through Syria. However, the World Bank, which is financing the deal, must validate the agreement before it can take effect. (The Independent)
Railway transport workers go on a nationwide general strike in the United Kingdom after talks on a 7% pay increase for workers collapses. The RMT says that industry executives have only offered a 2% increase in pay, which is well below rising inflation levels. (BBC News)
2021–2022 inflation surge Inflation in the United Kingdom reaches 9.1%, a 40-year record, as food and fuel prices continue to increase. (AP)
Inflation in the United Kingdom reaches 9.1%, a 40-year record, as food and fuel prices continue to increase. (AP)
A 16-year-old Palestinian teenager dies in Israeli custody after being shot yesterday by soldiers in Silwad, West Bank. (Al Jazeera)
Israeli–Palestinian conflict A 16-year-old Palestinian teenager dies in Israeli custody after being shot yesterday by soldiers in Silwad, West Bank. (Al Jazeera)
Two people are killed and nine others are injured in a fire at a market in Bangkok, Thailand. (Reuters)
2022 Russian debt default Russia defaults on two Taiwanese-owned Eurobonds worth US$100 million after Western sanctions on Russia led Euroclear to block Russian attempts to service the debt before yesterday's deadline. Russia describes the default as artificially manufactured and "a farce". The default will have few immediate consequences for Russia since the country is currently unable to borrow internationally due to the SWIFT ban against Russian banks. (Reuters) (BBC News)
Russia defaults on two Taiwanese-owned Eurobonds worth US$100 million after Western sanctions on Russia led Euroclear to block Russian attempts to service the debt before yesterday's deadline. Russia describes the default as artificially manufactured and "a farce". The default will have few immediate consequences for Russia since the country is currently unable to borrow internationally due to the SWIFT ban against Russian banks. (Reuters) (BBC News)
A Palestinian Islamic Jihad member is killed during clashes with Israeli soldiers in Jenin, in the occupied West Bank. (Reuters)
Israeli–Palestinian conflict Timeline of the Israeli–Palestinian conflict in 2022 A Palestinian Islamic Jihad member is killed during clashes with Israeli soldiers in Jenin, in the occupied West Bank. (Reuters)
Phase-out of fossil fuel vehicles The European Council broadly agrees on several measures to combat climate change. Among them is a ban on combustion engines for new cars beginning in 2035, setting aside €59 billion for a special fund to reduce the cost of transition for the poorest populations, to be paid out from 2027 to 2032, reduction of carbon dioxide emissions by 55% from the 1990 reference level, and a carbon market reform. Negotiations on the final version of these reforms is underway. (Al Jazeera)
The European Council broadly agrees on several measures to combat climate change. Among them is a ban on combustion engines for new cars beginning in 2035, setting aside €59 billion for a special fund to reduce the cost of transition for the poorest populations, to be paid out from 2027 to 2032, reduction of carbon dioxide emissions by 55% from the 1990 reference level, and a carbon market reform. Negotiations on the final version of these reforms is underway. (Al Jazeera)
Timeline of the Israeli–Palestinian conflict in 2022 A Palestinian Islamic Jihad member is killed during clashes with Israeli soldiers in Jenin, in the occupied West Bank. (Reuters)
New Zealand–European Union relations The European Union signs a free trade agreement with New Zealand. (Politico)
The European Union signs a free trade agreement with New Zealand. (Politico)
2019–present Sri Lankan economic crisis Sri Lanka's inflation rate reaches a record 54.6% amid a steep economic crisis and a default of the country's debt. (CNA)
Sri Lanka's inflation rate reaches a record 54.6% amid a steep economic crisis and a default of the country's debt. (CNA)
2018–2022 Turkish currency and debt crisis Turkey records its highest inflation in 24 years, which is currently near 80%. (The Guardian)
2019–present Sri Lankan economic crisis Sri Lanka announces a week-long holiday amid fuel and food shortages caused by a worsening economic crisis. (Business Standard)
Sri Lanka announces a week-long holiday amid fuel and food shortages caused by a worsening economic crisis. (Business Standard)
Turkey records its highest inflation in 24 years, which is currently near 80%. (The Guardian)
2019–present Sri Lankan economic crisis Sri Lanka's inflation continues to increase and reaches nearly 60% as the country's economic crisis worsens. (Bloomberg)
South Korea's inflation reaches a 24-year record, as the country struggles with increasing energy and food prices. (Nikkei)
Sri Lanka's inflation continues to increase and reaches nearly 60% as the country's economic crisis worsens. (Bloomberg)
The Central Bank of Ireland announces that inflation will exceed 10% for the first time since the early 1980s. (The Irish Times)
The Central Bank of Peru increases its interest rate from 5.5% to 6.0% in an effort to reduce the rate of inflation, which yesterday reached a 25-year record high. (Infobae)
2022 Ukrainian summer counteroffensive Nova Kakhovka airstrike A massive explosion occurs in the city of Nova Kakhovka after Ukrainian forces destroy a Russian arms depot. Russian state news agency TASS claims that a market, hospital, and civilian housing were also damaged, and that multiple civilians were killed. Russian 22nd Army Corps general Artem Nasbulin is allegedly among the dead. (Ukrayinska Pravda) (Reuters) (UPI)
A massive explosion occurs in the city of Nova Kakhovka after Ukrainian forces destroy a Russian arms depot. Russian state news agency TASS claims that a market, hospital, and civilian housing were also damaged, and that multiple civilians were killed. Russian 22nd Army Corps general Artem Nasbulin is allegedly among the dead. (Ukrayinska Pravda) (Reuters) (UPI)
Nova Kakhovka airstrike A massive explosion occurs in the city of Nova Kakhovka after Ukrainian forces destroy a Russian arms depot. Russian state news agency TASS claims that a market, hospital, and civilian housing were also damaged, and that multiple civilians were killed. Russian 22nd Army Corps general Artem Nasbulin is allegedly among the dead. (Ukrayinska Pravda) (Reuters) (UPI)
International recognition of the Donetsk People's Republic and the Luhansk People's Republic North Korea recognizes the independence of the Donetsk People's Republic and the Luhansk People's Republic, becoming the third nation to do so after Russia and Syria. Ukraine suspends relations with North Korea in response. (Reuters) (Business Insider)
North Korea recognizes the independence of the Donetsk People's Republic and the Luhansk People's Republic, becoming the third nation to do so after Russia and Syria. Ukraine suspends relations with North Korea in response. (Reuters) (Business Insider)
The Bank of Canada raises its benchmark interest rate from 1.5 to 2.5 percent, the single largest increase since 1998, amid surging inflation. (CBC)
International sanctions during the Russo-Ukrainian War The European Union bans imports of gold from Russia and freezes Sberbank's assets. (Euronews)
2021–2022 inflation surge Inflation in the United Kingdom increased to 9.4% last month, breaking a 40-year record, as food and fuel prices continue to increase. (The Guardian)
Inflation in the United Kingdom increased to 9.4% last month, breaking a 40-year record, as food and fuel prices continue to increase. (The Guardian)
The European Union bans imports of gold from Russia and freezes Sberbank's assets. (Euronews)
2021–2022 inflation surge The central bank of Japan raises its inflation forecast and reduces fiscal year expectations while maintaining ultra-low interest rates, saying that the economy was primarily impacted by the COVID-19 pandemic in Japan. (CNBC) The European Central Bank raises interest rates by 0.5 percentage points for the first time since 2011 in order to combat inflation in the EU which increased to 8.6% last month. (The Guardian)
The central bank of Japan raises its inflation forecast and reduces fiscal year expectations while maintaining ultra-low interest rates, saying that the economy was primarily impacted by the COVID-19 pandemic in Japan. (CNBC)
The European Central Bank raises interest rates by 0.5 percentage points for the first time since 2011 in order to combat inflation in the EU which increased to 8.6% last month. (The Guardian)
Economy of Ukraine Fitch Ratings downgrades the Ukrainian debt outlook to "C", one grade above default, due to requests from Ukrainian authorities to postpone payments on bonds. (Bloomberg)
Israeli–Palestinian conflict Two Palestinian men are killed and 12 others are injured during a raid by Israeli soldiers in Nablus, West Bank. (Al Jazeera)
Two Palestinian men are killed and 12 others are injured during a raid by Israeli soldiers in Nablus, West Bank. (Al Jazeera)
2022 monkeypox outbreak in Europe 2022 monkeypox outbreak in Germany Germany reports 82 new cases of monkeypox, thereby bringing the total number of cases in the country to 2,352. (RKI Deutsch) 2022 monkeypox outbreak in the Netherlands The Netherlands reports 106 new confirmed cases of monkeypox. (RIVM Netherlands) The European Commission extends the marketing authorization of Bavarian Nordic's smallpox vaccine Imvanex to also cover monkeypox. (Al Jazeera)
Economy of Ukraine Creditors of Ukraine's state-owned energy company Naftogaz reject its two-year debt freeze plan. (Reuters)
The European Commission extends the marketing authorization of Bavarian Nordic's smallpox vaccine Imvanex to also cover monkeypox. (Al Jazeera)
Economy of Bangladesh Bangladesh announces that it will request a $4.5 billion loan from the International Monetary Fund for balance of payment and budgetary requirements, as well as climate change management activities. (Al Jazeera)
2021–2022 inflation surge The Federal Reserve consecutively increases its benchmark interest rate by 0.75%. (CNBC)
Lithuania–Russia relations, Restriction of transit with the Kaliningrad Oblast Russia hands over a protest note to the Lithuanian Ministry of Foreign Affairs as Šiaulių bankas, the only bank authorised to process payments for Kaliningrad rail transit, announced that it would phase out all payments in Russian rubles in mid-August and ban all payments from Russia and Belarus, unless for humanitarian purposes or in order to fulfil international obligations, on 1 September. (LRT)
Russia hands over a protest note to the Lithuanian Ministry of Foreign Affairs as Šiaulių bankas, the only bank authorised to process payments for Kaliningrad rail transit, announced that it would phase out all payments in Russian rubles in mid-August and ban all payments from Russia and Belarus, unless for humanitarian purposes or in order to fulfil international obligations, on 1 September. (LRT)
Eight people are injured after an explosion at a factory in Bergerac, France. (Business Standard)
2021–2022 inflation surge The Bank of England raises its benchmark interest rate from 1.25% to 1.75% in its largest single rate hike since 1995. (Reuters)
The Bank of England raises its benchmark interest rate from 1.25% to 1.75% in its largest single rate hike since 1995. (Reuters)
Gaza–Israel conflict Operation Breaking Dawn Israel launches airstrikes for the second day in the Gaza Strip, killing 14 people and injuring several others. Nineteen Palestinian Islamic Jihad members are also arrested in the West Bank. (Al Jazeera)
Israel launches airstrikes for the second day in the Gaza Strip, killing 14 people and injuring several others. Nineteen Palestinian Islamic Jihad members are also arrested in the West Bank. (Al Jazeera)
Operation Breaking Dawn Israel launches airstrikes for the second day in the Gaza Strip, killing 14 people and injuring several others. Nineteen Palestinian Islamic Jihad members are also arrested in the West Bank. (Al Jazeera)
COVID-19 recession Economic impact of the COVID-19 pandemic Domino's Pizza closes all of its stores in Italy after its franchise holder ePizza SpA files for bankruptcy. The American restaurant chain says that it was severely impacted by COVID-19 restrictions in the country. (BBC News)
Economic impact of the COVID-19 pandemic Domino's Pizza closes all of its stores in Italy after its franchise holder ePizza SpA files for bankruptcy. The American restaurant chain says that it was severely impacted by COVID-19 restrictions in the country. (BBC News)
2021–2022 inflation surge Inflation in the United Kingdom increases to 10.1%, the highest level since February 1982, due to increasing fuel and food prices. (The Guardian)
Inflation in the United Kingdom increases to 10.1%, the highest level since February 1982, due to increasing fuel and food prices. (The Guardian)
2021–2022 inflation surge The European Union statistics office reports that inflation in the Eurozone increased to a record 8.9% in July. (Reuters)
The European Union statistics office reports that inflation in the Eurozone increased to a record 8.9% in July. (Reuters)
Syrian civil war Fifteen people are killed and at least 28 others are injured in a rocket attack on a market in rebel-controlled Al-Bab, Aleppo Governorate, Syria. (AP)
Fifteen people are killed and at least 28 others are injured in a rocket attack on a market in rebel-controlled Al-Bab, Aleppo Governorate, Syria. (AP)
COVID-19 pandemic in the United States COVID-19 vaccination in the United States The FDA announces that it has approved the Novavax COVID-19 vaccine for youths between the ages of 12 and 17. (Marketwatch) (WPSD-TV)
