Hard Numbers

$13.5 million: Over three days in August, suspected North Korean hackers made off with $13.5 million in an elaborate heist from India’s Cosmos Bank. It’s the latest in a string of attacks against financial institutions by a group suspected of links to Pyongyang, which is hungry for access to hard currency.

6.7 million: China’s internet police received 6.7 million reports of illegal or false information in July, according to official data. Chinese laws dictate that “rumor-mongers” can be charged with defamation and sentenced to up to seven years in prison. That’s one way to combat fake news.

$1.3 million: South African President Cyril Ramaphosa netted $1.3 million from an auction of cattle and game animals from his livestock holdings over the weekend. Ramaphosa’s earnings contrast strongly with the outlook for his country, which in the second quarter of the year slipped into recession for the first time in nearly a decade, according for figures published yesterday.

9,000: Burmese General Min Aung Hlaing, a prolific Facebook user who was banned from the social network after a United Nations report called for him and other military leaders to face charges of genocide against the country’s Muslim Rohingya minority, has resurfaced on VK, a Russia-based Facebook rival. As of last week, his new account had attracted around 9,000 followers, compared with 2.8 million followers on his main Facebook page before he was banned.

1/2: Argentine President Mauricio Macri on Mondayrevealed a plan to cut the number of government ministries in the Latin American country by more than half, part of a broader belt-tightening intended to restore investor faith in the country. The value of the country’s currency has fallen more than 50 percent this year amid mounting concerns about whether Argentina will be able to pay its dollar-denominated debts.

More from GZERO Media

​IMF Managing Director Kristalina Georgieva speaks to the media during an International Monetary and Financial Committee press briefing on Friday, Oct. 25, 2024.
IMF Managing Director Kristalina Georgieva speaks to the media during an International Monetary and Financial Committee press briefing on Friday, Oct. 25, 2024.
Graeme Sloan/Sipa USA via Reuters

At the plenary session concluding the International Monetary Fund and World Bank’s 2024 Annual Meetings in Washington, DC, on Friday, IMF Managing Director Kristalina Georgieva made clear there was no time to rest. Although wealthy countries seem likely to achieve the much-vaunted “soft landing” — reducing inflation without a recession — geopolitical, climactic, and fiscal risks are putting great strain on the world’s most vulnerable economies.

Supporters attend a rally for Republican presidential nominee and former President Donald Trump at Madison Square Garden, in New York, U.S., on Oct. 27, 2024.

REUTERS/Brendan McDermid

With the US election just nine days away, it’s crunch time for the presidential campaigns. Republican candidate Donald Trump headlined a rally Sunday night at Madison Square Garden in New York, a state that last backed a Republican in 1984. Vice President Kamala Harris, meanwhile, was in Pennsylvania, visiting a barbershop and a Puerto Rican restaurant

Japanese Prime Minister Shigeru Ishiba is pictured during a media interview at the headquarters of his ruling Liberal Democratic Party in Tokyo on Oct. 27, 2024.

Kyodo via Reuters Connect

Japan’s Liberal Democratic Party and coalition partner Komeito lost their parliamentary majority on Sunday in an election dominated by economic and ethical issues.

Supporters of the Georgian Dream party wave Georgian and party flags from cars after the announcement of poll results in parliamentary elections, in Tbilisi, Georgia, on Oct. 26, 2024.
REUTERS/Zurab Javakhadze

Opposition parties in the country of Georgia are accusing the incumbent Georgian Dream of stealing Saturday’s election, calling the results “falsified” and a “constitutional coup.”

The clock is ticking on efforts to help halt and reverse biodiversity loss, but there’s still time to help support the animals, plants, and ecosystems that are all necessary for a healthy planet. In order to protect biodiversity — every living organism and ecosystem from microbes to mangroves — citizens, companies, and countries all need to do their part. That’s why the Mastercard-led Priceless Planet Coalition is on a mission to restore 100 million trees and regenerate biodiversity-rich forests. Read more about the Coalition's approach and progress.

- YouTube

Delegates at the IMF and World Bank Annual Meetings have been giving rosy outlooks to the press while the cameras are rolling, but GZERO Senior Writer Matthew Kendrick heard a different story in private settings. He told Tony Maciulis that the global outlook depends heavily on US policy continuity — which is highly unlikely under a second Trump administration — and successful efforts in China to revive its own floundering economy.

- YouTube

This week World Bank announced a bold initiative to bridge the gender divide by creating more economic opportunity, broadening female leadership, and reducing gender-based violence in the next 5 years as 2030 approaches.

Matthew Kendrick

When a country hits rock bottom financially, the International Monetary Fund is meant to step in with funds to stabilize the economy without damaging its society — or the gender gap. But studies show that these programs often push women out of work at a disproportionate rate to men as the economy contracts. Matthew Kendrick reports from the World Bank-IMF Annual Meetings on a push to build more equitable programs.