News updates from August 24: Brics invites six nations to join, Putin confirms Prigozhin’s death

Jackson Hole:

The US Federal Reserve’s annual gathering of central bank leaders in Jackson Hole, Wyoming, kicks off. Fed officials will share their views on what is needed to steer the US economy to price stability.

Trump:

Former US president Donald Trump is expected to surrender to authorities in Atlanta, Georgia, where he is facing 13 charges, including violating the state’s anti-racketeering laws and criminal conspiracy, related to his efforts to overturn the results of the 2020 election. The Georgia case is one of four criminal cases against Trump.

Retail earnings:

Discount retailer Dollar Tree is expected to report an increase in revenue for the quarter to July as shoppers hunt for cheaper goods, while clothing chain Gap and department store chain Nordstrom are forecast to post sales declines as cash-squeezed consumers pull back on discretionary spending.

Economic data:

Orders for non-defence capital goods excluding aircraft — a key indicator of business spending — are anticipated to have edged higher in July. Meanwhile, the headline figure for orders of durable goods are projected to have fallen 4 per cent last month after rising 4 per cent in June.

Initial jobless claims, a proxy for lay-offs, are expected to have ticked up to 240,000 last week from 239,000 the prior week.

SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 8: Decent Work and Economic Growth
• SDG 10: Reduced Inequalities
• SDG 12: Responsible Consumption and Production

The article discusses economic data, retail earnings, and the US Federal Reserve’s gathering, which are all related to economic growth, income inequalities, and responsible consumption and production.

2. What specific targets under those SDGs can be identified based on the article’s content?

• Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation
• Target 10.1: By 2030, progressively achieve and sustain income growth of the bottom 40% of the population at a rate higher than the national average
• Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources

The article mentions the US Federal Reserve’s gathering, which is focused on steering the US economy to price stability, indicating efforts to achieve higher economic productivity. The retail earnings discussed in the article also highlight income inequalities as discount retailer Dollar Tree is expected to report an increase in revenue while clothing chain Gap and department store chain Nordstrom are forecast to post sales declines. Lastly, the article briefly mentions economic data related to business spending and jobless claims, which indirectly relate to responsible consumption and production.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

No specific indicators are mentioned or implied in the article that can be used to measure progress towards the identified targets. The article provides general information about economic data, retail earnings, and the US Federal Reserve’s gathering, but does not provide specific indicators for measuring progress towards the identified targets.

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: ft.com

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