World Bank highlights record debt levels in 26 poorest nations; China initiates military drills around Taiwan amid rising tensions.
A recent World Bank report warns that 26 of the world's poorest nations are grappling with record debt and economic vulnerability, with debt-to-GDP ratios at an 18-year high. This precarious financial state leaves these countries, many of which have per-capita incomes below $1,145, increasingly dependent on International Development Association grants and loans to withstand natural disasters and conflicts.
Meanwhile, Saudi Arabia is unveiling some of its remarkable natural wonders as 542 caves and sinkholes have been discovered in its Northern Borders region. The National Center for Wildlife, through its Caves Exploration Program, has brought to light these geological sites, offering vast potential for tourism and vital insights into environmental history.
Shifting to the Middle East, tensions continue to escalate as Hezbollah warns of intensified strikes against Israel, following deadly clashes that have resulted in over 1,300 deaths. The group's recent missile and drone assaults, targeting places like Binyamina, mark a significant rise in hostilities, increasing fears of broader conflict in the region.
In the political arena,
Donald Trump is ramping up his border security proposals as part of his presidential campaign, promising to boost the number of border patrol agents by 10,000. As he amplifies his critiques of Kamala Harris's immigration policies, both sides exchange barbs over handling a contentious bipartisan border security bill.
Adding to geopolitical complexities, the United States is bolstering Israel's defenses by deploying troops and a THAAD anti-missile system in response to rising tensions with Iran. This move by the Biden administration underscores U.S. support for Israel while simultaneously advocating for restraint to prevent further escalation.
Turning to Asia, China has commenced extensive military drills around Taiwan, dubbed "Joint Sword-2024B," as a stern warning against Taiwan's pro-independence actions. The exercises, occurring in strategic locations in the Taiwan Strait, have drawn strong rebukes from Taiwan, who views them as provocative maneuvers threatening regional stability.