Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
{{ subpage.title }}
Hard Numbers: Global chips glut, DRC border jam, Amazon deforestation
35: Remember last year's big semiconductor shortage? It's over. High inflation, China's zero-COVID policy, and Russia's war in Ukraine have slashed global demand for chips, with the benchmark Philadelphia Semiconductor Index dropping 35% in 2022.
60: The Democratic Republic of Congo will expand its main border post with Zambia to ease congestion. Trucks loaded with precious minerals like copper are often stuck in lines up to 60 km (37.3 miles) long.
Hard Numbers: US low on chips, Egypt buys US arms, snow in Athens, Mexican remittances
5: US manufacturers now have on average less than five days' worth of semiconductor supplies, down from 40 days before the pandemic. There's growing pressure for America to produce more chips as a global shortage drags on.
2.5 billion: The Biden administration has approved the sale of $2.5 billion worth of US-made arms to Egypt, despite some opposition in Congress. A few Democratic senators wanted the Egyptians to meet certain conditions on human rights in order to get American weapons.
3.1: Parts of Greece and Turkey have been blanketed by a rare snowstorm, leaving thousands of people stuck in traffic for hours and forced to evacuate. Usually balmy Athens received 3.1 inches of snow on Monday, almost three times its annual average, while flights at Istanbul's airport have been suspended for two days. The storm is now heading to Israel.
50 billion: Remittances sent home by Mexican migrants in 2021 are expected to exceed $50 billion for the first time, in part due to pandemic stimulus money from the US. Mexico receives about 6 percent of global remittance payments, behind only India and China.