The Eurozone remains in recession, with the composite PMI falling from 47.6 to 47 despite expectations that it would rise slightly, marking 7 consecutive month below 50, or stagnation. In the UK, the services PMI rising might stop them from technically being in a recession, but it’s not looking much better for them overall either.
As Pakistan continues to deport 1.7 million Afghanis back to Afghanistan - most of who were living in Balochistan and Khyber Pakhtunkhwa provinces - their absence is causing labor shortages in agriculture and mining. The lack of migrant remittances heading from Pakistan to Afghanistan will also hurt Afghanistan, which is already among the poorest countries on the planet following the US’s mission to bring freedom and democracy there.
Putin has stated that the coming decade will see a massive expansion of infrastructure, especially in railroads, linking Russia to south and east Asia.
China’s Foreign Minister, Wang Yi, has stated that the Middle East should no longer be a geopolitical arena of great powers, after a meeting with Iran and Saudi Arabia, which is kind of a hilarious statement to make with US aircraft carriers circling it like sharks.
The ruling emir of Kuwait, Sheikh-Nawaf Al Ahmed Al Sabah, has died at the age of 86. He took power in 2020 after the old emir died, and will be succeeded by Sheik Meshal Al Ahmad Al Jaber, who is 83 years old.
China is experiencing a cold snap, leading to yellow alerts for cold temperatures. It is predicted that in northern regions, daily low or average temperatures would approach or break records. Authorities are setting up relief supplies, and roads, railways, and schools are being closed, especially after a railway accident in Beijing after a train was unable to brake in time due to icy rails and collided with another train, injuring 515 people.
Somalia has received $4.5 billion in debt relief from the IMF and World Bank due to their implementation of a poverty reduction strategy and sound macroeconomic management. Citizens seem generally pleased.
The German Defense Minister, Pistorius, told the German troops that have been kicked out of Mali that they fulfilled their mission and their achievements were not in vain, which I suppose is technically true, if the objective of the mission was to not stop rebel groups and keep the country in a state of chaos to maintain extractive industries.
Eight million Chadians will vote in a referendum for a new constitution tomorrow; the yes side seems certain to win as the government has been waging a campaign for it. The referendum is the final step towards elections promised by the military government.
Two unidentified men had sex in the Hart Senate Office Building on Capitol Hill in a Senate hearing room. Dudes rock.
Argentina’s Presidential Spokesman has confirmed that the country is going through hyperflation, with inflation rising at 1% per day, or nearly 4000% per year. The government has simultaneously ordered protests to be made effectively illegal, promising harsh resistance in the face of any blockades.