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A man holds a picture of hostages of Shiri Bibas and her two children Kfir and Ariel, on the day of their funeral procession, at a public square dedicated to hostages in Tel Aviv, Israel February 26, 2025.
HARD NUMBERS: Bibas family snubs government, Crypto bros cry, South Korea sees mini baby boom, Morocco suffers sheep shortage, Trump to tariff the EU
0: In a reflection of the deep political divisions within Israel over the government’s approach to freeing the hostages held in Gaza, zero government officials were invited to the funeral of a mother and her two children, whose remains Hamas returned to Israel last week. A relative of the three victims – Shiri Bibas and her two sons, Ariel, 4, and Kfir, 9 months – recently rebuked the government for leaking details about their deaths. Hamas said the three were killed in an Israeli airstrike, but Israel says they were beaten and strangled to death. Thousands of Israelis poured into the streets on Wednesday to pay their respects to the family. Meanwhile, Hamas returned the bodies of four more slain Israeli hostages and Israel began releasing 600 Palestinian prisoners in what is envisioned as the final swap of the first phase of the Israel-Hamas hostage deal.
800 billion: Global cryptocurrencies have lost $800 billion in value since January, a huge reversal of the crypto-euphoria that preceded Donald Trump’s inauguration. Traders blame the rout on worries about the global economy, disappointment with the slow rollout of Trump’s anticipated pro-crypto agenda, and a series of high-profile scandals (looking at you Javier Milei.) All told, here’s the mood in the crypto space right now, by way of a small camel.
9: Oh baby, this is good news from South Korean maternity wards. The country’s fertility rate rose last year for the first time in 9 years. An average Korean woman will now have .75 babies during her lifetime. That’s up .03 points compared to 2023, but it’s still the lowest in the world – and it’s way below the “replacement rate” of 2.1. Experts say the birth bump was partly due to a surge of post-pandemic marriages. The government has recently boosted parental leave and has increased financial support for childcare.
38: Morocco is suffering a sheep shortage so bad that King Mohammed VI has asked his people to refrain from the tradition of slaughtering the animals as part of the Muslim holiday of Eid al-Adha in June this year. Years of drought have reduced the North African country’s sheep population by nearly 40% over the past decade. This year alone, rainfall was 53% lower than the 30-year average. The kingdom recently signed a deal to import 100,000 sheep from Australia.
25: Donald Trumpsaid on Wednesday that he will soon slap a 25% tariff on all imports from the European Union. By way of explaining the measure, which could affect up to $30 billion of European exports, the US president said the EU was "formed to screw the United States." In fact, the origins of the EU lie chiefly in postwar efforts, backed by the US, to create political and economic interdependencies that would prevent future conflict on the continent.
Washington, DC, USA; President Donald Trump, First Lady Melania Trump, outgoing United States President Joe Biden and first lady Dr. Jill Biden participate in the departure ceremony for the Bidens on the East Front of the United States Capitol in Washington, DC after the swearing-in of Donald Trump as President on January 20, 2025.
Hard Numbers: Biden’s preemptive pardons, Trumpcoin, Billionaires blow up, India convicts hospital rapist
5: With just minutes left in his term, President Joe Biden issued preemptive pardons to five members of his family, explaining that he feared people associated with him could be prosecuted under the Trump administration. Hours earlier, he pardoned Gen. Mark Milley and Dr. Anthony Fauci, as well as the members and staff of the Congressional committee investigating the events of Jan. 6, 2021, and police officers who testified before that committee. Biden also commuted the sentence of Leonard Peltier, an Indigenous activist who was controversially convicted of killing two FBI agents on the Pine Ridge Reservation in 1975.
5.5 billion: A cryptocurrency token launched by President Donald Trump, known as $Trump, reached a value of nearly $5.5 billion within hours of its launch on Saturday. A Delaware company called CIC Digital LLC and Fight Fight Fight LLC owns 80% of the coins, but it is unclear how much money Trump will make from this launch.
3: Oxfam, the UK-based anti-poverty charity, reported that the wealth of billionaires grew three times as fast in 2024 than in 2023, accelerating wealth inequality while the global rate of poverty has barely changed. The report comes as the World Economic Forum, the marquee gathering of the world’s political and financial bigwigs, gets underway in Davos, Switzerland.
1: A court in India has convicted one person, Sanjay Roy, of the brutal rape of a trainee doctor in Kolkata last year that launched nationwide protests — but the parents of the victim maintain that the crime was committed by a group, not a single man. Despite Indian police claiming before the court that the rape was “rarest of rare” incidents, the most recent data available in India shows 31,516 reports of rape in 2022, a fraction of the true number of assaults as many are not reported.
A man walks past a Jio-bp fuel tanker, an Indian fuel and mobility joint venture between Reliance Industries (RIL) and British Petroleum (bp), in Navi Mumbai, India, October 26, 2021
Hard Numbers: BP cuts thousands of jobs, UK drug seizures soar, Astronauts take a hike, Nigeria kills dozens of jihadists
5: Energy giant BP announced Thursday it would cut 4,700 employees and 3,000 contractors, a total of more than 5% of its global workforce. The move is part of a broader strategy that aims to bring down costs by $2 billion over the next two years.
3.66 billion:Drugs is big business, innit. In the year ending March 2024, UK authorities seized a record 119 tons of illegal narcotics, with a street value of $3.66 billion. About two-thirds of the haul was cannabis, and a fifth was cocaine. Elsewhere in Europe, drug interdictions have also surged – a massive Interpol operation last spring led to the seizure of more than 600 tons of narcotics or precursor chemicals. The UN says cocaine consumption in European cities has risen 80% since 2011.
7: If you’ve got cabin fever, go for a walk – if you’ve got space station fever, go for a spacewalk! That’s what US astronaut Suni Williams did Thursday, stepping out of the International Space Station for the first time since arriving more than seven months ago. Williams and her colleague Butch Wilmore were supposed to be at the station for only a week, but spacecraft trouble has kept them stranded in space, where they’ll likely remain until April or May.
76: In recent weeks, Nigerian forces have killed 76 jihadists in the country’s northeastern state of Borno. The militants belonged either to Boko Haram or to Islamic State West Africa, whose jihadist insurgency against the Nigerian government has displaced more than 2 million people and killed as many as 30,000 since it began in 2009. Growing violence and extremism in the Sahel region (which includes Mali, Niger, Nigeria, Burkina Faso, and Chad) remains one of Africa’s biggest security challenges.Los Angeles City firemen spray water to protect houses threatened by a brush fire in Griffith Park, Los Angeles May 8, 2007. The fire broke out in the hills above Los Angeles forcing evacuation of the city's largest park and zoo. Local media reported that authorities have arrested an arson suspect who was badly burned.
Hard Numbers: LA faces more fires, Meta makes big cuts, US inflation ticks up, Zaijian TikTok
6 million: Fire officials in Southern California said over 6 million people are still in danger from four major fires burning in the hills around Los Angeles, with hot, dry winds expected to worsen conditions over the weekend. Herculean efforts from fire crews have contained large sections of the Palisades and Eaton fires, but they are racing against time to save as many lives and houses as possible in America’s second-largest metropolis.
5: Meta, the company behind Facebook and Instagram, says it will lay off 5% of staff this year, amounting to about 3,600 jobs. The announcement comes amid major policy changes at the social media giant, including the end of content moderation for the US and the replacement of its public policy chief with a prominent Republican.
2.9: US inflation rose from 2.7% in November to 2.9% in December, the third straight month of accelerating price hikes while rates remain well above their target levels. That said, underlying pressures of inflation appear to be easing, and analysts still believe the Federal Reserve will be able to proceed with planned interest rate cuts in 2025 – though how the Trump administration’s planned tariffs will skew plans is yet to be seen.
700,000: Have you paid your cat tax? You’ll need to share a cute pic of your favorite feline if you join the 700,000 TikTok users who have set up shop over at rival Chinese video streaming app Xiaohongshu, also known by its English name RedNote. (The literal translation, “Little Red Book” was also the nickname of the collection of Mao Zedong’s sayings that Red Guards used to justify atrocities during the Cultural Revolution). So far, the “refugees” have had a playful welcome, with Chinese netizens teaching the newcomers Mandarin and engaging in absurdist humor in exchange for coveted pet pics.Re-elected Croatian President Zoran Milanovic with wife Sanja Music Milanovic celebrate after winning Croatia's presidential election ON January 12, 2025 in Zagreb, Croatia.
Hard Numbers: Croatia’s populist prez, Sweden sails forth, Mayotte hunkers down again, Hindus commence world’s largest religious ceremony
74: Populist Croatian President Zoran Milanovic won an impressive landslide reelection on Sunday, taking 74% of the vote. His office is largely ceremonial, but the overwhelming margin of victory should send a message to Prime Minister Andrej Plenkovic – in power since 2016 – about the changing mood of the country.
3: Sweden, NATO’s newest member state, announced its Navy would contribute up to three warships to the alliance’s efforts to secure the Baltic Sea from Russia. The Swedish coast guard will also contribute a further four ships, with seven on standby. With increased resources, NATO aims to prevent possible provocations like severing undersea communication cables, 10 of which have been damaged since 2023.
1: Nearly one month to the day since the French Indian Ocean territory of Mayotte was devastated by Cyclone Chido, Tropical Storm Dikeledi brought more inundating rains and strong winds to the island. Over 200 people were still missing from the first storm, which killed at least 39 and injured over 5,000 while destroying entire neighborhoods, and the French government has deployed over 4,000 emergency personnel and security forces to the island.
400 million: At least 400 million pilgrims are expected to kick off the Maha Kumbh Mela festival on Monday in the Indian city of Prayagraj, where pilgrims will immerse themselves at the confluence of the Ganga and Yamuna Rivers over six weeks. Hindus believe the mystical Saraswati River will intermingle in the mundane waters and cleanse worshippers’ souls — but the government faces a big logistical challenge: This will be the world’s largest-ever religious gathering, and officials have assembled 150,000 tents, 3,000 kitchens, 145,000 lavatories, all served by 450,000 new electric connections, protected by 40,000 policemen, and transported by 98 special trains making over 3,300 trips.Rescue teams work amid rubble in the aftermath of an earthquake in a location given as Shigatse City, Tibet Autonomous Region, China, January 7, 2025, in this screengrab obtained from a handout video.
Hard Numbers: Deadly Tibet earthquake, Laken Riley bill passed, Another BRICS in the wall, Remembering Charlie Hebdo massacre
126: At least 126 people have died following a major 7.1-magnitude earthquake that struck Tibet and parts of Nepal on Tuesday. The exact death toll is still unknown as the rough terrain in the world’s highest mountains makes it difficult to access affected communities. Dozens more people are believed to be trapped in rubble, and China’s government has deployed over 3,000 rescue workers to save as many as possible.
264-159: The US House of Representatives on Tuesday passed the so-called Laken Riley Act mandating the detention of undocumented immigrants accused of certain minor crimes by a margin of 264-159. It had bipartisan support, with 48 Democrats voting for the bill, as the party faces pressure to toughen up on immigration.
10: Indonesia became the 10th member of the BRICS multilateral organization on Tuesday, as new President Prabowo Subianto attempts to position his country as one of the leading emerging economies. He’ll need to watch his step, however, as incoming US President Donald Trump has threatened 100% tariffs on countries that attempt to displace the US dollar, which BRICS has long set as one of its aims.
10: France marked the 10-year anniversary of the brutal terrorist massacre of the staff of Charlie Hebdo magazine by two al-Qaida-linked gunmen on Tuesday. The terrorists killed 12 people in retaliation for the magazine publishing cartoons depicting the Islamic prophet Mohammed, prompting a massive outpouring of support for the slain staff, whom many French and European voters see as having died in the name of freedom of speech and thought.In this photo illustration, the US Federal Trade Comission logo is displayed on a smartphone with stock market percentages in the background.
Hard Numbers: Exaggerated claims, Cash grab, Microsoft’s building plans, Chip stocks soar
1 million: Software company accessiBe has been charged $1 million by the Federal Trade Commission to settle charges that it lied about its AI tool being able to make websites accessible for people with disabilities. “Overstating a product’s AI or other capabilities without adequate evidence is deceptive,” said FTC consumer protection chief Samuel Levine.
56 billion: Generative AI companies raised $56 billion across 885 separate deals in 2024, according to new data from the financial website PitchBook. That’s up nearly 200% from 2023’s $29.1 billion total. Only $6.2 billion went to non-US firms, which means Silicon Valley is still king in the world of AI.
80 billion: To support its AI ambitions, Microsoft plans to spend $80 billion to construct data center infrastructure in 2025. In a blog post published on Friday, the company specified that more than half of that will go toward facilities in the US, “reflecting our commitment to this country and our confidence in the American economy.”
4: Microsoft’s announcement sent chip stocks flying Monday, with the Philadelphia Semiconductor Index rising 4% on the news. The biggest gainers included computer memory company Micron and equipment manufacturer Applied Materials. Contract chipmaker Foxconn also posted positive earnings to start the week, boosting high-profile customer Nvidia 5% in the process.
FILE PHOTO: U.S. Rep. Matt Gaetz (R-FL) nominates former President Donald Trump for Speaker of the House as Rep. Marjorie Taylor Greene (R-GA) and Rep. Lauren Boebert (R-CO) watch inside the House Chamber on the third day of the 118th Congress at the U.S. Capitol in Washington, U.S., January 5, 2023.
Hard Numbers: Matt Gaetz loved drugs and sex in Congress, Biden commutes death sentences, A deadly year for journalists, Italy’s magnificent mosaics shine again
20: A leaked draft of the House of Representatives’ ethics report on former member Matt Gaetz showed he paid for drugs and sex at least 20 times while in office, including with a 17 year old girl while he was 35. Gaetz denies the report and is suing to prevent its formal release, but the allegations within were severe enough to derail his nomination to be Donald Trump’s Attorney General.
37: On Monday, President Joe Bidencommuted the sentences of 37 out of the 40 federal prisoners on death row to life in prison in another major act of clemency as he approaches the end of his term. The three prisoners who did not receive commutation were responsible for the Boston Marathon bombing, the Tree of Life Synagogue mass shooting, and the mass shooting at Emanuel African Methodist Episcopal Church in Charleston.
104: At least 104 journalists died while on duty this year, with the majority, 55, killed in Gaza. An astounding 10% of journalists working in the enclave have lost their lives since Israel invaded, while the rest work in appalling and dangerous conditions. Nearly ten times as many journalists died in Gaza as in the next deadliest countries, Lebanon and Pakistan, where six journalists each were killed on the job.
1.1 million: The stunning mosaics of Monreale Cathedral in Sicily have completed a $1.1 million restoration, bringing them back to a resplendent golden shine nearly nine centuries after they were first created — just in time for Christmas mass. Built by Sicilian artisans for their new Norman overlords, they are the largest Byzantine artworks outside of the Hagia Sophia in Istanbul (then Constantinople), and among the best-preserved artefacts of the early medieval Mediterranean.