World News: 29 July 2022

Kim threatens to use nukes amid tensions with US, S. Korea
He accused the United States of "demonizing" North Korea to justify its hostile policies. He said U.S.-South Korea military drills show the U.S.'s "double standards" and "gangster-like" aspects because it brands North Korea's routine military activities — an apparent reference to its missile tests — as provocations or threats.

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Climate migration growing but not fully recognized by world
Each year, natural disasters force an average of 21.5 million people from their homes around the world, according to the U.N. High Commissioner for Refugees. And scientists predict migration will grow as the planet gets hotter. Over the next 30 years, 143 million people are likely to be uprooted by rising seas, drought, searing temperatures and other climate catastrophes, according to the U.N.’s Intergovernmental Panel on Climate Change report published this year.

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Economy eclipses other issues in UK Conservative contest
Truss is promising immediate tax cuts, saying she will scrap a 1.25% income tax hike introduced by Sunak to help fund the nation's health and social care, and will cancel a planned corporation tax rise. She says she’ll fund the cuts through borrowing.

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China’s Xi warns Biden over Taiwan, calls for cooperation
Xi also warned against splitting the world’s two biggest economies, according to a Chinese government summary of Thursday’s unusually lengthy, three-hour call. Businesspeople and economists warn such a change, brought on by Chinese industrial policy and U.S. curbs on technology exports, might hurt the global economy by slowing innovation and increasing costs.

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Inflation hits record 8.9% in 19 countries using the euro
Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

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UN body says violence against Syrians in Lebanon on the rise
Lebanese officials have increasingly called for the forcible return of Syrian refugees to areas in their country they deem safe from the conflict, and have accused them overwhelming the country’s already crumbling infrastructure.

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