News
Hard Numbers: US inflation cools, Cubans flee northward, China goes nuts for chips, GOP's slim margin revealed
Plastic letters arranged to read "inflation" are placed on a US dollar banknote.
REUTERS/Dado Ruvic
December 13, 2022
7.1: US annual inflation fell to 7.1% in November, down more than half a point from the October level, stoking hopes that the Federal Reserve can slow the rise of interest rates in time to avoid a recession. The Fed is widely expected to announce a half-point rate hike increase on Wednesday.
2: Over the past year, roughly a quarter of a million Cubans have migrated to the United States. The island nation’s population is about 11 million. That means that 2% of Cuba’s entire population left for the US last year. Most of them managed to reach the southern border by land through Mexico after flying to Central or South America, instead of going on boats to Florida.
143 billion: China is reportedly preparing a package of subsidies and tax credits worth more than 1 trillion yuan ($143 billion) to boost its domestic semiconductor industry over the next five years. Both China and the US are investing huge sums to become self-sufficient in production of this essential digital-age technology.
6,670: In last month’s US midterm elections, Republicans won majority control of the House of Representatives, but the outcome was much closer than most expected. How close? In an election in which more than 107 million votes were cast, the House majority depended on 6,670 votes in five congressional districts.More For You
Most Popular
With the US leading production and China driving new reactor development, Bank of America breaks down the who, what, where, when, and why behind nuclear’s return. Stay ahead of global energy trends with Bank of America Institute.
Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
Last week, at the Munich Security Conference, a group of global technology providers, including Microsoft, announced the Trusted Tech Alliance — committed to shared, verifiable principles for trusted, transparent, and resilient technology across borders. At a moment of economic volatility and zero-sum technological competition, countries and customers are demanding greater accountability from technology providers. The Alliance addresses this by bringing together companies from across Africa, Asia, Europe, and North America around shared commitments: transparent governance, secure development practices, supply chain oversight, open digital ecosystem, and respect for the rule of law — ensuring the benefits of emerging technologies strengthen public trust while driving job creation and economic growth. Explore the Trusted Tech Alliance here.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.