World News Headlines - October 25, 2024 1. BRICS Summit Pushes for De-dollarization in Global Trade The BRICS nations (Brazil, Russia, India, China, South Africa) concluded their annual summit with a strong push for de-dollarization in global trade, aiming to reduce reliance on the US dollar. New initiatives were launched to promote the use of local currencies and enhance South-South economic cooperation. Source: BBC 2. Middle East Conflict Escalates: Israel Expands Strikes in Gaza The humanitarian crisis in Gaza worsens as Israel expands its military strikes following increased Hamas attacks. International calls for a ceasefire have intensified as civilian casualties rise. Source: Al Jazeera 3. U.S.-Israel Tensions Rise Over Iran Attack Plans Relations between the U.S. and Israel face new strains after a major intelligence leak reveals Israeli plans for a potential attack on Iran. The Biden administration is working to address the diplomatic fallout. Source: CNN 4. Tropical Storm Oscar Hits Cuba, Millions Without Power Tropical Storm Oscar has wreaked havoc in Cuba, leaving millions without electricity and causing widespread flooding. Emergency services are struggling to restore power and provide essential aid. Source: BBC 5. Europe Braces for Energy Crisis as Russian Gas Supply Disruptions Continue Several European countries face energy shortages as disruptions to Russian gas supplies persist. Efforts to secure alternative energy sources are ongoing. Source: Bloomberg 6. China’s Economic Slowdown Worsens Global Supply Chain Issues China's economic slowdown continues to cause ripple effects across global supply chains, particularly in manufacturing and electronics. Experts predict further delays in consumer goods delivery. Source: Financial Times 7. Prabowo Subianto Sworn in as Indonesia’s President Amid Controversy Prabowo Subianto has been sworn in as Indonesia’s president, despite concerns over his past human rights record. His election has sparked protests, particularly from human rights activists. Source: Al Jazeera 8. U.S. Inflation Eases as Fed Maintains Interest Rates U.S. inflation has eased for the third consecutive month, prompting the Federal Reserve to maintain current interest rates. Markets reacted positively to the news. Source: Bloomberg 9. South Korea Hosts Major Tech Expo Focused on AI and Robotics South Korea is hosting a global tech expo, showcasing advances in AI and robotics. Industry leaders are discussing the impact of these technologies on various sectors. Source: Financial Times 10. Saudi Arabia Launches New Renewable Energy Projects Saudi Arabia has announced several new renewable energy initiatives aimed at reducing its reliance on oil. The projects are part of the country's Vision 2030 plan. Source: Bloomberg 11. Climate Summit in Nairobi: World Leaders Commit to Reducing Emissions World leaders have gathered in Nairobi to commit to reducing carbon emissions as part of global climate change efforts. The summit emphasized the need for urgent action in developing nations. Source: Al Jazeera 12. Japan’s Population Decline Hits Record Low Birth Rates Japan's birth rates have reached a record low, exacerbating concerns about the long-term economic impacts of the country's rapidly aging population. Source: BBC 13. Russia-Ukraine War: Fighting Intensifies Around Donetsk Fighting between Russian and Ukrainian forces has intensified around Donetsk, with both sides reporting heavy casualties. Peace talks remain stalled. Source: Bloomberg 14. Mexico's Drug Cartels Expand Influence in Central America Mexico's drug cartels are expanding their influence into Central America, with reports of increasing violence and political instability in the region. Source: BBC 15. Ethiopia Launches Space Satellite to Boost Telecommunications Ethiopia successfully launched its second space satellite, aimed at improving telecommunications infrastructure across the country. Source: Al Jazeera 16. Iran Nuclear Deal Hangs in the Balance as Talks Continue Negotiations over the Iran nuclear deal continue, with both sides struggling to reach a compromise. The future of the agreement remains uncertain. Source: CNN 17. BRICS Expansion: A Challenge to Western Hegemony The recent expansion of BRICS nations is seen as a direct challenge to Western hegemony, with new members like Saudi Arabia and Iran joining the bloc. The group aims to reshape global governance. Source: Financial Times 18. Australia to Hold Referendum on Indigenous Voice to Parliament Australia is set to hold a referendum on creating an Indigenous Voice to Parliament, a move aimed at giving Indigenous communities greater political representation. 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