In a worst-case scenario, the world would be plunged into a recession and lose $1 trillion in GDP The global economy would fall into recession with oil prices skyrocketing if Iran were to get involved in the Israel-Palestine conflict, Bloomberg reported this week.
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The Russian Defense Ministry says 12 major strikes targeting military infrastructure have taken place in the past week Some of Ukraine’s Western-supplied cruise missiles and depleted-uranium shells have been destroyed in a series of strikes, the Russian Defense Ministry has said.
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US national debt has continued to mount, jumping by $2.6 trillion in the six months through December to reach $33.8 trillion, according to the Treasury Department. The Treasury indicated that factors such as tax cuts, stimulus programs, increased government spending, and decreased tax revenues have been driving up debt.
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