Week 1 of 2022 – YPF Around the Globe (English)

Timeframe: January 1st to January 7th, 2022

Contributors: Adiba Tahsin, and Farhan Uddin Ahmed.

To read the Bangla version, click here.

1. Politics

Biden condemns Trump as a threat to democracy in a speech marking one year since January 6 attack

In a speech that lasted just under 30 minutes, Biden made a passionate case for defending the nation’s founding ideals from the threats posed by Trump and the violent mob that stormed the Capitol one year ago.

Source: CNN

Several security officials and protesters killed in clashes in Kazakhstan

Twelve security officials and several protesters have been killed in protests in Kazakhstan over rising fuel prices.

Saltanet Azirbek, a spokeswoman for the Kazakh police, told Khabar 24 television channel on Thursday that “extremist forces” had attempted overnight to enter administrative buildings and police departments in the country’s largest city, Almaty.

“The dozens of attackers were eliminated, their identities are being established,” she said.

Source: Al-Jazeera

2. Economics & Business

World food prices hit 10-year high in 2021

World food prices jumped 28% in 2021 to their highest level in a decade.

The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded food commodities, averaged 125.7 points in 2021, the highest since 131.9 in 2011.

The monthly index eased slightly in December but had climbed for the previous four months in a row.

Source: Reuters

Apple becomes the first firm to hit $3tn market value

Apple briefly hit a market cap of $3 trillion during intraday trading on Monday, before dropping back under the mark shortly afterward. Apple broke the barrier when its share price hit $182.86. Apple rose 2.5% on Monday to close at $182.01, just missing closing the trading day at the $3 trillion mark.

Source: CNBC

Chinese Premier Li Keqiang urges more tax cuts to boost China’s slowing economy

A top Chinese official this week called for more tax cuts as the world’s second-largest economy contends with fallout from renewed Covid outbreaks, a strict zero-tolerance approach to containing the virus, and a deepening real estate crisis.

Source: CNN

Disclaimer: The information provided here is obtained solely from the third parties mentioned above. Youth Policy Forum (YPF) is not responsible for any misinformation or misrepresentation.

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