Welcome to the week in numbers, the place we break down the most important financial and enterprise information tales of the week so you possibly can impress your self and your pals.
We’ve kicked off June with huge tales on the hassle to create a brand new Black Wall Road 100 years after the racially charged Tulsa bloodbath in the US; on Lebanon’s descent into what may rank as one of many world’s three worst financial crises in 150 years; and on stubbornly excessive worldwide job losses, amongst different information.
So pour your self one other cup of espresso (or take the one you forgot about out of the microwave) and get your scrolling thumb prepared.
$100
The quantity a monetary literacy startup is urging Black buyers to place into Bitcoin, calling cryptocurrency “the proper platform for our folks to construct wealth the place it might by no means once more be destroyed”.
The initiative by New Black Wall Road LLC was launched in reminiscence of the individuals who have been killed in Tulsa, Oklahoma throughout one of many worst race riots in US historical past 100 years in the past — a riot that torched what was then often called Black Wall Road. The crypto-focused startup is only one organisation engaged on Black financial empowerment profiled by Al Jazeera’s Ben Piven. Take a look at the complete story right here.
40 %
The staggering plunge in gross home product (GDP) per capita in Lebanon, which is descending swiftly into what may find yourself being one of many world’s three worst financial crises in 150 years.
“Such a brutal and fast contraction is normally related to conflicts or wars,” the World Financial institution warned in its newest Lebanon Financial Monitor, printed on Tuesday. The report pulled no punches in its criticism of Lebanon’s political elites, accusing the nation’s authorities of intentionally mounting an insufficient coverage response to the nation’s financial disaster, the COVID-19 pandemic and final 12 months’s Port of Beirut explosion. Learn the complete story right here.
43,000
The estimated variety of American kids who misplaced at the least one mother or father to COVID-19 by February, in keeping with analysis printed in JAMA Pediatrics. Because the US reaches the grim milestone of 600,000 COVID-19 deaths, that quantity has grown. Along with the emotional toll, kids who lose a mother or father are at greater danger for psychological well being issues, challenges at school and financial disparities that final for years, researchers say.
Al Jazeera spoke with three moms in regards to the males they misplaced and the way they’ve balanced serving to their kids cope whereas navigating the brand new monetary realities of being single dad and mom. Learn the complete story right here and if you wish to take heed to the podcast, click on the participant under.
75 million
The pandemic-induced world shortfall in jobs for 2021, in keeping with a brand new report by the Worldwide Labour Group (ILO) launched Wednesday.
Two areas — Latin America and the Caribbean, and Europe and Central Asia — have been hit hardest by the continued job losses. Gradual coronavirus vaccine rollouts and a surge in virus variants in some elements of the world have made the worldwide restoration uneven and sluggish in locations, and the ILO says it’ll worsen earlier than it will get higher, with some losses persisting by means of at the least 2022. Learn the complete story right here.
Two
The class to which the US Federal Aviation Administration downgraded Mexico’s civil aviation authority, resulting in considerations that Mexican airways will miss out on a much-needed tourism growth as a result of they will’t add new flight routes to the US.
About 10.5 million American vacationers go to Mexico in a typical 12 months, and tourism accounts for 8.7 % of Mexico’s economic system, in keeping with the Organisation for Financial Co-operation and Growth. So what’s going to the FAA’s downgrade imply for Mexico? Al Jazeera’s Ann Deslandes has the complete story right here.
$500m
The quantity NASA plans to award to develop two missions to Venus between 2028 and 2030 — ventures often called DAVINCI+ (Deep Ambiance Venus Investigation of Noble Gases, Chemistry and Imaging) and VERITAS (Venus Emissivity, Radio Science, InSAR, Topography and Spectroscopy).
Other than their formidable acronyms, the 2 missions are a giant deal as a result of it’s been a long time because the US house company final visited Earth’s “sister planet”. Learn the story right here.
7,300
The load in kilos (3,311kg) of the science experiments, new photo voltaic arrays and different cargo on board the SpaceX Dragon resupply mission that launched Thursday from the US on its solution to the Worldwide Area Station, in keeping with NASA.
Among the many experiments on board: bobtail squid and the micro organism that decision them dwelling. The experiment is designed to check the consequences of spaceflight on the symbiotic relationship between microbes and their animal hosts. It’s additionally a free ticket to outer house for tiny cephalopods that don’t actually get out a lot. We’re glad for them — take numerous photos!