WASHINGTON -- U.S. tariff hikes are reducing household purchasing power and will push hundreds of thousands more Americans into poverty, according to the Budget Lab at Yale University.
A report released by the lab this week estimated that the new 2025 tariffs will increase the number of Americans living under the poverty line by between 650,000 and 875,000 -- roughly 0.2 to 0.3 percent of the U.S. population -- depending on the poverty measure used. (U.S.-Tariffs-Poverty)
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JUBA -- The United Nations High Commissioner for Refugees (UNHCR) on Friday appealed for funding and increased international support to tackle floods that have displaced more than 100,000 people in South Sudan.
The UN refugee agency warned that if the flooding continues, about 400,000 people could be displaced by the end of the year, exceeding the levels seen in 2024. (South Sudan-Flood-Displacement)
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COPENHAGEN -- The Danish government on Friday announced the largest arms purchase in the country's history, approving a 58-billion Danish kroner (9.1 billion U.S. dollars) acquisition of ground-based air defense systems.
According to the Ministry of Defense, the deal includes eight medium- and long-range air defense systems to be supplied by several European manufacturers, including firms from France, Italy, Germany and Norway. (Denmark-Military)
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LONDON -- Britain's economy showed uneven momentum in August as manufacturing and construction shrank again while services remained the only major sector still growing, survey data showed.
The manufacturing purchasing managers' index (PMI) slipped to 47 in August from 48 in July, S&P Global reported, marking an 11th straight month of contraction. Output dropped for a 10th month and new orders fell at their fastest pace in four months, with firms citing weak client confidence, higher labor costs and tariff uncertainties. (UK-PMI -Industry activities) Enditem
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