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The European Union (EU) has taken a significant step in safeguarding its electric vehicle (EV) sector by initiating a 13-month anti-subsidy investigation into Chinese EV manufacturers.

Despite OPEC and Russia announcing production cuts, actual output reductions have not matched the promised figures, and some OPEC countries are increasing exports. Venezuela's exports have risen, partially due to investment by Chevron

In a horrifying incident, the Lhonak glacier in the northern part of Sikkim state, India, ruptured on Tuesday night, leading to a catastrophic flood in the Teesta river. The breach was exacerbated by the release of additional water from a nearby dam, intensifying the disaster.

The business and diplomatic ties between the United States and China are facing significant challenges, with the Biden administration grappling with inflation and China experiencing worrisome signs of deflation.

Both Palestinians and Israelis have suffered significant losses, with the Gaza health ministry reporting 2,450 Palestinians killed and 9,200 more wounded in the Israeli attacks. In Israel, 1,400 citizens have been killed, and 150 hostages are being held by Hamas, creating an atmosphere of fear and desperation.

The latest developments paint a bleak picture, with Gaza residents fleeing their homes under heavy bombardment, Israeli leadership forming a national unity government, escalating concerns of a second front with Lebanon's Hezbollah

In a grim turn of events, Israel is grappling with a rapidly rising death toll that has now exceeded 1,200 people, with the majority being civilians, as reported by Kan, the public broadcaster.