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Hard Numbers: BoE warns of recession, Joseph Stalin arrested, cops charged in Breonna Taylor death, Kenyan women lawmakers targeted

August 04, 2022

Gabrielle Debinski

BoE warns of recession, Joseph Stalin arrested, cops charged in Breonna Taylor death, Kenyan women lawmakers targeted

Plastic letters arranged to read "Inflation" are placed on British Pound banknote

Reuters

27: The Bank of England raised interest rates by 50 basis points on Thursday, its biggest hike in 27 years, and the bank warned that inflation will likely peak at a staggering 13.3% this fall with a drawn-out recession being all but inevitable.

50: Sri Lankan authorities are cracking down hard on protesters demonstrating against the country’s recent economic collapse. Joseph Stalin, a protest leader, was arrested this week for participating in a demonstration in May that marked 50 days since the launch of the mass protest movement, referred to as “the struggle.”

4: Four people – three US police officers and one former officer – have been charged with the 2020 death of Breonna Taylor at her apartment in Louisville, Kentucky. Taylor’s death sparked mass protests over the use of no-knock warrants by law enforcement and broader racial injustice.

12: When Kenyans head to the polls on Sunday to elect a new parliament and president, less than 12% of candidates they have to choose from will be women. Female candidates are facing a flood of online abuse ahead of the vote. In 2018, Kenyan politicians boycotted a parliamentary vote that would have guaranteed women one third of all parliamentary seats.

GZEROMEDIA

The biodiversity-shaped piece in the climate crisis puzzle: How to solve it

Mastercard

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.

Hot topics at the IMF-World Bank meetings

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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.

Can the IMF change to help more women?

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.

GZEROMEDIA

North Korean troops move into Russia’s border area with Ukraine

Russia's President Vladimir Putin and North Korea's leader Kim Jong Un attend a farewell ceremony before Putin's departure at an airport in Pyongyang, North Korea June 19, 2024.

Gavriil Grigorov/Reuters

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

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Hard Numbers: BoE warns of recession, Joseph Stalin arrested, cops charged in Breonna Taylor death, Kenyan women lawmakers targeted

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North Korean troops move into Russia’s border area with Ukraine

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

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Hard Numbers: BoE warns of recession, Joseph Stalin arrested, cops charged in Breonna Taylor death, Kenyan women lawmakers targeted

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More from GZERO Media

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.

There are times when we need more context, and there are times when we do not. How do we tell the difference?

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Kyiv says that roughly 12,000 North Korean troops are in Russia, a far greater number than reported by the US, though it remains unclear precisely how many have entered what Ukraine referred to as the “combat zone.”

Georgian Dream insists the country is still on track to join the EU, as critics accuse the party of pushing Georgia in an increasingly anti-Western, authoritarian direction.

In 2001, a Goldman Sachs economist coined an acronym for the four largest and most promising “emerging market” economies: Brazil, Russia, India, and China became known as the “BRIC” countries.

With the latest polls still showing Donald Trump and Kamala Harris neck and neck in the swing states, both candidates are heading to Texas, a far less competitive state, with hopes of reaching key voter groups nationwide.