El Niño, having peaked recently, is now diminishing. Yet, its impact lingers, with Brazil feeling effects until autumn. This El Niño was notable for the significant warming of the Pacific Ocean, with temperatures rising over 2°C above the norm. Its reach extended beyond usual areas, surprising many. Despite a cooling trend, NOAA’s satellite data still […]
Related Posts
Financing Ukraine’s Future: A $486 Billion Challenge
The World Bank, alongside the United Nations, European Commission, and Ukrainian officials, projects Ukraine’s reconstruction post-2022 invasion to cost $486 billion. This staggering sum is nearly triple Ukraine’s expected GDP for 2023, signaling extensive damage and significant rebuilding needs. Published on Feb 15, 2024, this study exposes severe infrastructure and civilian life impacts, highlighting essential […]
Durable and capital goods output in Brazil drop 40% from their highs
Overall, industry output is down by 18.7% from its peak. Durable and capital goods output in Brazil sees a nearly 40% drop, according to the stats agency IBGE. Durable goods fell 42.1% from their best in March 2011. Capital goods sank 39.1% from their high in April 2013. All four major industry categories lag behind […]
As San Francisco battles to maintain its significance, Silicon Valley prospers
As San Francisco battles to maintain its significance, Silicon Valley prospers. The Westfield Mall in San Francisco is witnessing a downturn, marked by vacant shops and dwindling footfall, compelling the proprietors to relinquish the estate to their creditors. In contrast, San Jose’s Westfield Mall in Silicon Valley is thriving with new stores and increased sales […]