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Title: Gaza Reconstruction Cost Estimated at $70 Billion

by David Harrison – Chief Editor November 10, 2025
written by David Harrison – Chief Editor

the World Bank has expressed its support⁣ for a draft United Nations resolution calling ⁤for a ceasefire in Gaza, ⁣according to⁣ a letter sent to⁣ the United States government.⁢ The move⁣ places⁣ a key international‌ financial institution publicly on the side of a diplomatic effort⁤ to end the ongoing conflict, wich has killed over 34,000 Palestinians, according to Gaza’s health ministry, adn displaced the vast majority ⁤of the⁤ territory’s​ population.

The World Bank’s backing, revealed in a letter from ‌President Ajay Banga to U.S.Treasury Secretary Janet Yellen,underscores growing international pressure on Israel and its primary ally,the united States,to halt the fighting. The draft UN resolution, currently facing potential vetoes,‌ demands an immediate ceasefire and the unconditional release of hostages held by Hamas. The World ⁢Bank’s position could influence other multilateral‌ lenders and donor nations as they consider future aid ‌and reconstruction efforts for Gaza, which faces widespread devastation and a looming humanitarian crisis.Banga’s letter,dated May 17,2024,states the World Bank believes the ⁢resolution aligns with its mission to reduce poverty and ⁢promote shared prosperity,citing the “catastrophic” ‍impact of the conflict on Gaza’s population and economy. The⁣ letter further emphasizes the urgent need for a ceasefire to allow for the delivery of humanitarian aid and the eventual rebuilding of essential infrastructure. The World Bank has committed $700 million in aid to Gaza but says further ‍assistance is contingent⁣ on a lasting resolution to the conflict.

November 10, 2025 0 comments
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News

Federal shutdown threatens these Trump voters’ livelihoods but not their political loyalties

by David Harrison – Chief Editor November 9, 2025
written by David Harrison – Chief Editor

A looming federal government shutdown threatens the livelihoods of many voters in ​Ohio and Pennsylvania who supported Donald Trump,‌ yet interviews with over a dozen of them reveal their political allegiance remains ‍unshaken, even as⁣ potential disruptions to ⁣essential services loom. The potential shutdown, triggered by a ⁢stalemate in⁢ Congress over federal spending, coudl⁣ impact services ranging from veterans’ benefits to agricultural assistance – hitting hard in districts where trump’s support remains strong.

These voters, largely concentrated ⁣in⁤ rural areas⁢ reliant on federal programs, express frustration with Washington gridlock but largely blame ⁤Democrats for⁤ the impasse, reinforcing a loyalty to Trump built on promises of economic strength‌ and a rejection of the political establishment. The shutdown’s impact extends ​beyond individual hardship, potentially jeopardizing economic stability in regions still recovering from pandemic-era challenges⁤ and facing ongoing inflationary pressures.

Among those potentially affected are farmers like Dale Hemmings, a Republican from rural Ohio who​ received farm payments ⁤last year. “It’s frustrating,⁣ but I still ⁣support Trump,” Hemmings ⁣said.⁢ “He’s the only ⁢one who understands what real people are going through.” Similar sentiments were echoed by veterans awaiting benefit ‍processing and small business​ owners reliant ⁣on Small Business Administration loans.

The shutdown stems from a dispute over spending levels, with House ​Republicans pushing for deeper cuts than ‌Democrats and the Biden administration are willing⁤ to accept. At stake⁢ are funding for numerous federal ​agencies, including the Department ‍of Agriculture, the ⁢Department of Veterans Affairs, and ‌the Small Business ‌Administration. A shutdown would halt ​non-essential government ‌functions, potentially delaying payments, suspending services, and furloughing federal employees.While acknowledging the potential hardship,many Trump voters interviewed ​prioritize⁢ broader political goals,such as​ border security and reducing the national debt,over‍ immediate economic ​concerns. “A little pain now is worth it to⁣ get things under control,” said Mary ‌Miller, a retired teacher from ⁤Pennsylvania.”We need to stop spending money we don’t have.”

experts suggest this unwavering loyalty, despite potential personal cost, highlights a deepening political polarization and the enduring power of identity politics. “These voters⁣ have built their political identity around supporting‍ Trump, and that identity is more critically⁣ important to them than short-term‌ economic benefits,” ⁢explained Dr. Emily Carter, a political ‍science professor at Ohio State University. “They are willing to weather the ⁢storm because ‌they believe he is ⁤fighting ⁢for them.”

November 9, 2025 0 comments
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Business

US Justice Department probes meatpackers, attorney general says

by Priya Shah – Business Editor November 8, 2025
written by Priya Shah – Business Editor

WASHINGTON, Oct 26 – The U.S. Justice Department is investigating ⁣potential antitrust violations by⁤ the nationS largest meatpacking companies, Attorney General Merrick Garland announced Thursday. The probe centers on concerns that the industry’s consolidation has led to higher prices for consumers​ and reduced options​ for⁣ ranchers and farmers.

The investigation, conducted by the Justice Department’s Antitrust Division, will⁤ examine the practices of companies ‌including Tyson Foods, JBS, and Cargill⁤ -⁣ which together control an estimated 80% of the beef market, and a notable share of the pork and poultry ​markets. The‌ proclamation comes amid growing scrutiny of corporate concentration​ in the food ⁤industry and persistent complaints from ⁤agricultural groups about unfair market practices. The ⁢Justice Department ‌will ⁤focus on whether these companies have engaged in anti-competitive behavior that harms competition and drives up food costs for American families.

Garland stated the investigation will assess whether the meatpackers have violated antitrust laws through actions ‌that ‌stifle competition, ​such as exclusionary contracts, unfair pricing, and barriers⁣ to​ entry for smaller competitors.⁤ The announcement follows years of advocacy from ranchers and farmers who argue ⁤that the dominance of a few large ⁢companies has squeezed their profits and limited their ability to negotiate fair prices for their livestock. ⁤

The ​meatpacking industry has seen​ significant ‍consolidation over the past several decades. In 1980,⁤ the top five beef‍ packers controlled about 35% of the market; today, that​ figure ‌exceeds 80%. this consolidation has raised concerns about the ⁢industry’s ability to respond to disruptions, as evidenced by the supply chain issues experienced during the COVID-19 pandemic.

Reuters previously reported on‌ disruptions to global fertilizer and grain supplies stemming from Russia’s invasion of Ukraine,issues ⁣that ⁣further exacerbated pressures on the agricultural sector.The Justice Department’s investigation is part of a broader Biden ⁢administration effort to address anti-competitive ⁤practices across various industries,including ⁤technology,healthcare,and transportation.

November 8, 2025 0 comments
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World

Sao Paulo hosts business leaders as COP30 prepares to launch in Belem

by Lucas Fernandez – World Editor November 6, 2025
written by Lucas Fernandez – World Editor

São Paulo ​Gathers Buisness Leaders ahead of COP30 Launch in Belém

SÃO PAULO, Oct 26 – Business leaders are convening in São Paulo this​ week as ​preparations accelerate for the upcoming COP30 climate summit, scheduled to launch in Belém next November. ⁢The⁣ meetings focus on ​mobilizing⁣ private sector investment adn ‍collaboration to address environmental challenges and capitalize on opportunities within the Amazon region and beyond.

The gathering underscores a growing recognition ‌of the crucial role ⁣businesses must play in achieving global climate goals. COP30, set to be hosted in the Amazonian ⁤city of Belém, aims to spotlight the importance of tropical forests in mitigating climate change ⁤and fostering sustainable development. Discussions in São Paulo are centered on identifying ‍concrete projects and financial‌ mechanisms to support initiatives related to deforestation, ⁤biodiversity conservation, and the transition to a low-carbon economy.

Simon Jessop, a Reuters reporter tracking financial responses⁢ to ESG issues, and Oliver Griffin, based in São Paulo covering soft commodities and biofuels, are reporting on the ⁢event. The ‌summit’s ⁣location in Brazil, home⁣ to a significant portion of ​the Amazon rainforest, is intended to amplify the urgency of protecting this vital ecosystem and engaging with local communities. organizers hope to leverage COP30 to attract substantial investment in sustainable practices and⁢ technologies, driving economic growth while safeguarding ⁤the environment.

November 6, 2025 0 comments
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News

Title: Trump Attacks Jewish Voters, Calls Mamdani Supporter “Stupid

by Emma Walker – News Editor November 5, 2025
written by Emma Walker – News Editor

Trump Criticizes jewish Supporters ‍of representative Jamaal Bowman‘s Opponent

WASHINGTON – Former President Donald Trump reportedly disparaged Jewish Americans who support⁤ Laurentino “Larry” Piro, ⁣the ​Republican challenging Representative Jamaal Bowman in New York’s 16th congressional district, calling them “stupid” at a private fundraiser, according to a‍ report by Rolling‍ Stone on Friday. The remarks, made during a gathering at Mar-a-Lago, ⁢have drawn swift condemnation from Jewish advocacy groups and renewed scrutiny of Trump’s ⁣rhetoric toward Jewish communities.

The incident underscores a‍ pattern of Trump making controversial ​statements about​ Jewish people, raising concerns about antisemitism within his‌ political⁤ base and the broader republican party. The outcome of the ​bowman-Piro race is ⁤closely​ watched ⁣as a bellwether of progressive strength in a district ⁣that includes parts of the Bronx and Westchester county. Trump’s intervention, even through private remarks, could significantly influence voter⁢ turnout ⁣and possibly impact the balance of power in the House of representatives.

Rolling Stone reported that Trump questioned‍ why Jewish individuals would support Piro,a ‌conservative Italian-American,and ​used the derogatory‍ term to describe their political choices.He reportedly​ suggested they were disloyal ​to Israel.A Trump spokesperson ⁢did not immediately respond to requests for ⁣comment.

The American Jewish Commitee (AJC)⁣ released a ⁣statement calling Trump’s ⁤reported comments “deeply disturbing” and “unacceptable.”⁢ The Anti-Defamation League (ADL) also condemned the remarks, stating they ⁢”play into dangerous tropes about Jewish disloyalty.”

piro, a veteran and educator, has campaigned on a platform of fiscal conservatism‌ and opposition to progressive policies. Bowman,a vocal progressive and member of the Congressional Progressive Caucus,is seeking⁢ re-election ‌after serving ‍two terms. The race is expected to be competitive, with both candidates ⁢actively fundraising and campaigning throughout the district.

Gram Slattery is a White House correspondent​ in Washington, focusing on national security, intelligence and foreign affairs. He was previously a national political correspondent, ⁢covering the 2024 ⁣presidential campaign. From 2015 to 2022, he held postings in Rio⁤ de Janeiro, Sao Paulo and Santiago, Chile, and he has reported extensively throughout Latin America.

November 5, 2025 0 comments
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Business

Asia-Pacific leaders call for shared trade benefits as APEC summit wraps up

by Priya Shah – Business Editor November 2, 2025
written by Priya Shah – Business Editor

San Francisco -‌ Asia-Pacific leaders concluded the⁤ APEC summit Friday with a joint call for trade policies that deliver shared ⁤prosperity across the region, amid growing concerns over protectionism and geopolitical tensions. The leaders reaffirmed their commitment to a ​free, fair, and open trade environment, emphasizing the⁤ need to ensure the benefits of globalization are more widely⁢ distributed.

The annual APEC gathering, held this year in San Francisco, comes at a critical juncture ​as the region navigates a complex landscape of slowing global growth, ⁣rising inflation, and increasing fragmentation of ⁣supply chains. The push for ⁤inclusive trade is aimed at addressing widening economic disparities and fostering greater resilience in the face of future shocks, with leaders signaling intent to build on existing frameworks and explore new avenues for cooperation.

Leaders from the 21 ​APEC economies issued a declaration outlining⁢ priorities including advancing digital innovation, promoting sustainable growth, and strengthening regional connectivity. U.S. ⁢president Joe Biden, ‌hosting the summit, highlighted ‌the importance of ⁤investing in infrastructure and clean energy​ transitions ‌to drive long-term economic‍ development.

“We recognize ⁢the importance​ of trade and investment in driving economic growth ​and creating opportunities for all,” said a statement released by the APEC secretariat. “We ⁤are committed to working together to ensure ‍that trade benefits are shared more broadly and that no one is left behind.”

Discussions also focused on bolstering supply chain resilience, a key concern following disruptions caused by the COVID-19 pandemic ⁣and geopolitical events. Leaders agreed‌ to enhance information sharing and coordination to mitigate ‌future vulnerabilities and promote ⁣diversification of supply sources.

The summit saw the launch of several new initiatives,including a framework for cooperation on clean energy and a digital trade network aimed at facilitating cross-border data flows. These ‍efforts reflect⁣ a growing ‍recognition of the need to address emerging challenges and harness the potential of new technologies to drive sustainable and inclusive growth.

Notably, the APEC Business Advisory‍ Council⁣ (ABAC) presented recommendations to leaders on streamlining trade⁢ procedures, ‍reducing non-tariff barriers, and promoting regulatory coherence.ABAC chair, Phil O’Reilly, emphasized the importance ⁤of translating commitments into concrete actions. “APEC has a unique opportunity to shape the future of trade and investment in the region,” O’Reilly⁢ stated. ⁣”It is crucial that leaders follow through ​on‌ their pledges⁢ and deliver tangible ​benefits for businesses and citizens alike.”

November 2, 2025 0 comments
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