Snapshot

We take a look at some of the events around the world affecting the global economy. From the Americas, through Europe, and then Asia, find out the latest from around the globe this quarter.

USA

Warren Buffett says the influx of new traders buying and selling stocks during the pandemic has turned the market into a casino in which corporations have become “poker chips.”

Honduras

Honduran ex-President Juan Orlando Hernández has been extradited to the United States, accused of receiving millions of dollars from drug traffickers, including from Joaquin ‘El Chapo’ Guzman. Israel

Israel’s coalition government, made up of a diverse range of political parties, has such a razor-thin margin, it’s vulnerable to losing its majority in parliament.

France

Tens of thousands of Parisians demonstrated to send a message to re-elected president Emmanuel Macron that he must consult the people more and change plans to raise the retirement age.

Afghanistan

A report from the World Bank has warned that more than a third of the Afghan population can’t meet basic food needs, after the economy was shattered by the Taliban takeover.

Myanmar

A year after a military coup, Myanmar is in a state of civil war, as mass protests by the People’s Defence Forces demanding democracy have turned into an armed uprising. India

Indian PM Narendra Modi says India can send food to the rest of the world to help after supply issues and rising prices hit many countries due to the war in Ukraine.

Australia

China has expanded rail lines between its coal fields and cities so rapidly it could cut coal imports by 25 per cent by 2025, hitting Australian coal exporters.