A volcano on the island of La Palma in Spain’s Canary Islands has been erupting for several weeks, forcing hundreds of people to evacuate. The volcano, Cumbre Vieja, started erupting on September 19 and has been spewing out lava ever since. The lava flow forced hundreds, even thousands of the island’s residents to evacuate their homes and has destroyed massive amounts of property.
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On October 25 2021, just over two years after Sudan began a transition to democratic rule, the Sudanese Military, led by Abdel Fattah al-Burhan, staged a coup and removed civilian leaders from power. Abdalla Hamdok, who had been Prime Minister since August 2019 was arrested on October 25, and after refusing to approve the military takeover, was imprisoned in an unknown location.
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The electric car manufacturing giant Tesla reached a trillion-dollar market value last week. Following the announcement that car rental company Hertz would purchase 100,000 Tesla Model 3s, Tesla’s stock price rose 12.7%, raising the company’s market cap past the trillion-dollar mark.
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On October 20th the West African Nation of Benin passed a law that would legalize abortion. Previously abortion was legal in Benin only in cases of rape, incest, or serious health concerns, the new law passed through parliament after heated debate will allow for termination up to three months in cases where the pregnancy was, “likely to aggravate or cause a situation of material, educational, professional or moral distress incompatible with the interests of the woman and/or the unborn child.”
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Nearly two weeks since national elections in the Czech Republic, Czechs still have minimal clarity regarding who will lead the country when the Country’s Parliament meets again in November.
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In an effort to evade job loss of employees at its Rotherham plant in the UK, Liberty Steel, a global steel manufacturing and mining company, has received an injection of nearly $70 million (£50 million) in shareholder funds into the company. This comes after the company’s major financial service lender, Greensill Capital, filed for insolvency protection earlier this year. These funds will be issued through a separate corporate entity called Liberty Captial.
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The CEO of Kraft Heinz, Miguel Patricio, warns the public that higher food prices are not changing in an
interview with the BBC. Numerous factors have resulted in Heinz, and many other companies, raising their food prices. The biggest contributors being an increase in price of ingredients and a lack of labor internationally.
Over the coarse of the pandemic, there has been an increased demand among consumers for electronic products, particularly Samsung products. In an effort to meet demand requests, the Korean tech giant plans to enlarge production lines and build more manufacturing plants in Pakistan, as well hire more workers.
Read MoreAs consumers pledged their allegiance to e-commerce amid pandemic restrictions on outdoor experiences, the shipping industry has been at the height of demand. The world’s largest shipping companies and ports are running low on containers, truck drivers, and dock workers.
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Former German minister of Finance Olaf Scholz is likely to be the next German Chancellor after this year’s election in Germany, marking an end to Angela Merkel’s 16 year run as Chancellor. Scholz and his party, the center-left Social Democrats (S.P.D.), emerged victorious in the Sep. 26 election, winning 25.7% of the total vote, compared to 24.1% for Merkel’s party, the conservative Christian Democratic Union (C.D.U.), which suffered the worst defeat for the party since its founding in the years after World War II. Merkel, however, opted not to run for reelection, marking the first time a sitting chancellor has done so in the postwar era.
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