Nowhere to Go: Inflation and global warming are impacting livelihoods around the world

LAHORE – The number of Chinese travelling abroad to spend their holidays is still well below the pre-pandemic level as people want to save their money amid the rising cost of living.

China celebrates the Mid-Autumn Festival and National Day from Friday to Oct 6 in the longest public holiday this year. More Chinese are still reluctant to spend on nice-to-haves such as overseas holidays, but how much they do spend domestically during this holiday will be a key gauge of consumer appetite, a crucial component for the long-term growth potential of the world's second-largest economy.

And it will impact on the tourism industry in the potential destinations and thus economies of those countries as the many cities and regions around the world have been a beneficiary of the high number of Chinese tourists.Brazil's government is preparing a task force to provide emergency assistance to inhabitants in the Amazon region hit by a severe drought that has impacted the rivers that are their life support, Environment Minister Marina Silva said, according to Reuters.

The drought in the Amazon, like the flooding in the south of Brazil, results from the El Niño phenomenon, which warms the surface water in the Pacific Ocean. This year the impact has been greater than normal, weather experts say.Everyone in the country is feeling the heat from inflation and resultant reduced purchasing power. They also feel the heat thanks to the rising temperature and experience the much heavier downpours nowadays.events are of wide range.

Statecraft is a complicated affair as one has to deal with a plethora of issues simultaneously amid limited resources. At the same time, both global warming and inflation are global issues.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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