The cancer-stricken winner of the .3 billion Powerball jackpot in Oregon will receive a 2 million lump-sum after taxes and plans to continue playing the lottery.
Fact: Baby Reindeer, a miniseries written and interpreted by Richard Gadd, became a global phenomenon on Netflix after its release on April 11.
The United Nations food agency’s world price index rose for a second consecutive month in April due to higher meat prices, small increases in vegetable oils and cereals, despite declines in sugar and dairy products.
Adnan Al-Bursh, head of orthopedics at Al Shifa Hospital in Gaza, died in an Israeli prison after more than four months of detention. His death was labeled an “assassination” by Palestinian prisoner associations.
Turkey has decided not to resume trade with Israel, valued at billion a year, until a permanent ceasefire is established in Gaza with unrestricted humanitarian aid for Palestinians. This decision was made due to Israel’s actions in Gaza, leading Turkey to become the first key trade partner to halt exports and imports with Israel. Last month, Turkey had already restricted exports to Israel, and now all remaining trade between the two countries will be stopped. Top Turkish exports to Israel include steel, vehicles, plastics, electrical devices, and machinery, while imports from Israel are mainly fuels.
Corporate subsidies have become a significant problem for the Canadian economy, with Ottawa projected to spend .4 billion on subsidies by fiscal 2028. Economist John Lester’s analysis shows that the majority of these subsidies are ineffective and actually harm the economy. Only 20% of total subsidies have a positive impact on real income. The subsidies also contribute to a fiscal burden, requiring Ottawa to raise taxes or issue debt to cover the costs. The Liberal government’s continued indulgence in corporate subsidies, particularly in the electric vehicle industry, is criticized for not creating the promised jobs of the future and potentially shifting workers from Canadian-owned firms. Scrapping these subsidies could provide an economic boost and free up billions of dollars for other priorities, such as reducing the deficit, cutting taxes, or funding national defense or child care.
The price of WTI crude oil is trading around .20, dropping to its lowest level in seven weeks due to a surprise build in US crude inventories and easing geopolitical tensions in the Middle East.
Fact: Artist Khaldoon Daud presents his work in an exhibition titled Armenian Faces at the Pierides Museum – Bank of Cyprus Cultural Foundation in Larnaca on the occasion of the Remembrance Day of the Armenian Genocide. The exhibition will be open until May 17.
The interior ministry rejected an appeal by the Famagusta Constantia bishopric to build a monastery on environmentally protected land in Cape Greco.
The inflation rate increased by 2.4% in April, with the Consumer Price Index rising by 1.68 points to 117.09. The largest changes were seen in petroleum products, restaurants and hotels, and transport categories. Restaurants and hotels had the greatest impact on the change in CPI compared to April 2023, while transport had the greatest impact compared to the previous month. Petroleum products had the most significant impact on the change in CPI compared to both April 2023 and the previous month.