Hard Numbers

46.9 billion: The United States signed foreign arms deals worth $46.9 billion during the first half of the fiscal year. That already comfortably exceeds the $41.9 billion in weapons deals agreed to during all of fiscal 2017.

26 billion: Mexican president-elect, Andrés Manuel López Obrador, spelled out his infrastructure priorities on Monday, including the construction of 300 new rural roads, a tourist train between the resort city of Cancun and the southeastern state of Chiapas, and a new airport for Mexico City. The government plans to fund the estimated $26 billion cost of the projects by cutting government salaries and benefits, streamlining purchases, and stamping out corruption.

6,000: The European Commission this week offered to pay 6,000 euros to member states for each migrant they take in after making the arduous journey across the Mediterranean – part of a broader EU proposal to house refugees in dedicated centers while their asylum claims are processed. As of May, the number of migrants arriving in Europe by sea was running at about half the level seen during the first five months of 2017.

8.5: Ethiopia’s economy is forecast to grow 8.5 percent this year. That's one of the fastest rates for any country in the world, and it's providing recently-appointed Prime Minister Abiy Ahmed the political cover to pursue difficult reforms.

4.2: The Turkish lira fell by as much as 4.2 percent against the dollar on Tuesday after the central bank held interest rates steady, defying market expectations of an interest rate hike and raising concerns about the bank's independence. President Recep Tayyip Erdoğan, who assumed office with broadly expanded powers earlier this month, and recently appointed his son-in-law finance minister, railed against high rates despite the country facing its worst inflation in 14 years.

More from GZERO Media

- YouTube

The shifting geopolitical landscape and uncertainty surrounding the future of AI have stirred anxiety among those gathered in Davos. Yet, there are glimmers of hope. “The most important thing for me is really to turn the anxiety into action," said Teresa Hutson, Corporate Vice President of Microsoft.

Migrants line up to leave the United States for Mexico after being deported across the Paso del Norte international border bridge after President Donald Trump promised mass deportation operation, as seen from Ciudad Juarez, Mexico, on Jan. 23, 2025.
REUTERS/Jose Luis Gonzalez

As Donald Trump begins to roll out his plans for the “largest deportation operation in history,” Mexico, the country with the highest number of unauthorized citizens living in the US — some 4 million people — is preparing to welcome back thousands of deportees. Mexico plans to send anyone from elsewhere back to their home countries.

President Donald Trump attends a bilateral meeting with Chinese President Xi Jinping during a G20 leaders summit in Osaka, Japan, in 2019.
REUTERS/Kevin Lamarque

During his first week in office, Donald Trump took steps to withdraw the US from two major international commitments: the Paris Climate Agreement and the World Health Organization. Will this create opportunities for other global powers, not least China, to fill the void?

President Donald Trump makes a special address remotely during the 55th annual World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.
REUTERS

GZERO’s very own Tony Maciulis is in the Alps reporting from the 55th World Economic Forum in Davos, Switzerland. Today he decided the theme should be turning anxiety and fear into action.

Russia's President Vladimir Putin and Belarus' President Alexander Lukashenko take part in a signing ceremony following a meeting of the Supreme State Council of the Union State of Russia and Belarus in Minsk, Belarus, on Dec. 6, 2024.
Sputnik/Gavriil Grigorov/Pool via REUTERS

Ahead of Sunday’s election in Belarus, there is little doubt that Alexander Lukashenko, Europe’s longest-serving leader, will win a new term in office. After the protests that erupted following the 2020 elections, threatening his grip on power for the first time, a government crackdown supported by Russia has eliminated any opposition to the president. We sat down with Eurasia Group expert Alex Brideau to learn more about the upcoming election.

President Donald Trump makes a special address remotely during the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 23, 2025.
REUTERS/Yves Herman

GZERO Publisher Evan Solomon writes that Donald Trump’s planned tariffs mean the US and Canada are headed for a trade war they don’t need over a prize they both already have.