The world has seen some major developments over the past week. From politics to natural disasters, there’s been a lot happening that has kept people on their toes. Below is a brief report on the most significant events from the past week. Brexit Talks Continue: Brexit talks between the UK and the EU continued last week, as negotiators from both sides tried to reach a deal. The main sticking point for the UK is the issue of the Irish border, which has yet to be fully worked out. With only a few months left until the UK is scheduled to leave the EU, it looks like both sides are struggling to come to an agreement.
Greece to Exit Bailout: Greece, which has been under the EU’s bailout program since 2010, is set to exit the program on August 20th. During the program, Greece received billions of euros in loans from the EU and the IMF. The Greek government has hailed the exit as a landmark moment, but some analysts have expressed concern about whether Greece can maintain its economic recovery without the support of the bailout program. Trump’s Trade War Escalates: The trade war between the US and China continued to escalate last week as both sides imposed new tariffs on each other’s goods.
The US implemented tariffs on $200 billion worth of Chinese imports, while China responded with tariffs on $60 billion worth of US goods. The tariffs have created uncertainty in global markets, with some economists predicting that the conflict could lead to a recession. Magnitude 7.6 Earthquake Hits Indonesia: A magnitude 7.6 earthquake struck Indonesia last week, triggering a tsunami warning. The quake hit the island of Sulawesi and caused significant damage.
Relief efforts are underway, but the region is facing challenges due to the remote location of the affected areas. Typhoon Mangkhut Hits Philippines: Typhoon Mangkhut, one of the strongest storms to hit the Philippines in recent years, struck the country last week. The typhoon, which has also caused damage in Hong Kong and China, has left dozens dead and Germay News Today caused widespread destruction. Rescue efforts are ongoing, and the government has declared a state of calamity in affected areas. South Korea’s Moon and North Korea’s Kim Meet: South Korean President Moon Jae-in and North Korean leader Kim Jong-un held their third summit last week.
The two leaders discussed topics such as denuclearization, the ongoing war on the Korean Peninsula, and economic cooperation. The meeting has been seen as a step towards reducing tensions between the two countries. Hurricane Florence Approaches US East Coast: Hurricane Florence, a Category 4 storm, is approaching the US East Coast and is expected to make landfall on Thursday or Friday. The storm is expected to bring high winds, heavy rain, and a dangerous storm surge.
Evacuations are underway in affected areas, and officials are warning residents to take precautions. Overall, the past week has seen major global developments, with many events having the potential to significantly impact the world. From political tensions to natural disasters, it’s important to stay informed about what’s happening around the world.