US Strikes Iran Again, GDP Grows Less-Than-Expected, More
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What is the main topic discussed in this episode?
A new chapter in global growth is being written and much of it is happening in Africa.
Africans need to invest. There are deals to be done and business to be won.
I'm Jennifer Zabasaja. Every week on the Next Africa podcast, we track capital flows and political shifts shaping the continent's future.
The digitalization of Africa is going to power its growth. Creating the world of something like HIV is possible. Population growth is so enormous in Africa.
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News when you want it with Bloomberg News. Now I'm Karen Moscow. We have lots of breaking economic news that's coming up. But first, the US launched a fresh wave of strikes on Iran in response to an attack on American forces in Jordan, escalating a conflict that's now spreading across the Middle East. Washington hit dozens of military targets in an operation early today. aimed at degrading Tehran's ability to threaten U.S. troops, its Arab allies, and commercial shipping in the region. That's from U.S. Central Command. Iran targeted a building in northern Kuwait, while Jordan said it intercepted five missiles from the Islamic Republic. Norman T. Rule is a non-resident senior advisor with the Warfare Irregular Threats and Terrorism Program at the Center for Strategic and International Studies.
Iran is demanding effective control of the Strait of Hormuz, which would give it a stranglehold on the economies of the Gulf countries, an ability to access or interrupt their fiber optic lines, and an ability to impose a pain on the entire global economy. Until that changes, you're not going to see a substantial shift in the regional dynamic.
And that's Norman Rule with the Center for Strategic and International Studies. Two liquefied natural gas vessels at an Egyptian port on the Mediterranean Sea were struck by drones. No party has yet claimed responsibility. A Russian missile was likely the object that crashed in eastern Poland early today. That from Prime Minister Donald Tusk. The announcement came after Polish armed forces said it had detected an unidentified object entering the country's airspace during a large Russian attack on Ukraine. Poland borders Ukraine and is a NATO member. French authorities are allowing 84,000 evacuees from a massive wildfire in southwest France to return home. The announcement today marks a positive turn in the battle against the blaze, which has burned an area four times the size of Paris.
Over 220,000 people have been forced to flee. The fastest-growing Ebola outbreak has now killed more than 1,500 people in eastern Congo. That marks a 50 percent increase in about a week. That shows the emergency continuing to outpace response efforts. Todd Blanch's nomination to become Attorney General has stalled as lawmakers scrapped a planned committee vote today. We get more with Bloomberg's Tyler Kendall in Washington.
There's two Republicans, Sean Cornyn of Texas and then Tom Tillis of North Carolina, both of them not going to be returning to the Senate after
What happened in the latest US strikes on Iran and where did they target?
this fall, and they have been demanding that Blanche essentially needs to put into writing that they're going to alter that settlement with the IRS that created that anti-weaponization fund that we were talking a lot about a few weeks ago. So at this point, there's big questions about what this will mean going forward, but just a single Republican defection on the Judiciary Committee would essentially block Blanche's nomination as all Democrats are expected to vote against him.
And that's Bloomberg's Tyler Kendall. Now to some breaking economic news. The U.S. economy grew at a weaker than expected pace in the second quarter despite a pickup in consumer spending and solid business investment. Inflation-adjusted gross domestic product increased at an annualized 1.5 percent in the period. Meanwhile, the Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures Price Index, fell 0.1% last month from May on the back of lower gasoline prices. Excluding food and energy, it rose 0.1%.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–3:01
2
What happened in the latest US strikes on Iran and where did they target?
3:01–4:11
3
How did U.S. Central Command describe the purpose of the strikes?
4:11–5:52
4
Why does Norman T. Rule say Iran seeks control of the Strait of Hormuz?
5:52–8:18
5
What other regional incidents followed the Iran-U.S. escalation?
8:18–9:03
Speakers
8 identifiedMore from Bloomberg News Now
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