Here are the Top Five news stories that caught our eyes this week.
- Greece Financial Crisis Part 5
- What You Need to Know: You should have seen this coming. With every part of the Greece Crisis starting to fall in place, the markets and banks finally opened this week. But there was no good news in the market. The main stock in Greece, Athex, ended down 16.23%, which is an incredible amount. The five weeks that had the economy of Greece essentially shut down were a time of turmoil. But now, it still might not be over for Greece. The European Commission even expects that Greece will fall back into a recession despite the bailout that took place a month ago. Greece has already been in an economic recession since 2008 when the rest of the world’s markets turned for the worst. For more information on this story, visit http://www.bbc.com/news/business-33754005.
- Why You Need to Know This: You’re all probably sick of all of the Greece talk after all of this time. But this is still super important. With Greece’s market finally open and the bailout going through, all eyes are on Greece to see what will happen next. The initial reaction is not good. With the market falling almost 17% in the first day that it is open and with the European Commission expecting Greece to fall back into a recessions, we might be talking about this again in the coming weeks.
- Office Top Tip: Tourists to Greece haven’t had any problems drawing money out. In fact, the dollar is quite strong against the Euro at this time. It may be a good idea to travel there now while you have a chance.
- Brazil Police Kill Hundreds
- What You Need to Know: Amnesty International claims that Brazil’s military police have been responsible for over 1,500 deaths over the last five years. The group says that the police killings were illegal, that the officers were often shooting suspects who had already surrendered or had been wounded. The police, on the other hand, have been relatively silent; police unions are claiming that the numbers of officers killed was also incredibly high, with 114 killed in Rio de Janeiro alone. This report stated that more than 50% of those killed were between 15 and 29 years old, and 77% were black. This report is a stunning blow to the security of the city which is due to host the 2016 Olympic Games. It is unclear what this means for the games at this time. For more information on this story, visit http://www.bbc.com/news/world-latin-america-33757212
- Why You Need to Know This: Rio de Janeiro is hosting the 2016 Olympic Games. With this report of police brutality, it is unclear what the repercussions will be or if there will be any at all. The Olympics are almost exactly a year out, with World Championships in all of the major categories taking place soon. But this is also important to know if you are planning on studying in South America or traveling anywhere near there sometime soon. You need to be careful and think about your safety first.
- Office Top Tip: Be aware of your surroundings. Rio de Janeiro is one of the most amazing cities in the world. If you are being safe, the chance of anything happening to you is miniscule.
- Ebola Vaccine
- What You Need to Know: Ebola has been crippling Africa for months on end, not only killing thousands, but halting most of the travel to the region. But now, it seems as if there could be something that could halt Ebola in its tracks. The World Health Organization (WHO) has announced that a vaccine has been created that has a 100% protection rate. This vaccine was started by the Public Health Agency of Canada before the trial took place in Guinea. The vaccine combines a small about of the Ebola virus and this in combined with another virus so that the immune system can beat Ebola, thus effectively vaccinating a person. WHO officials are very excited about the effectiveness of the vaccine; it is barely even imaginable what this vaccine could have done had it been available two years ago when the outbreak began. For more information on this story, visit http://www.bbc.com/news/health-33733711
- Why You Need to Know This: The Ebola scare took the world by storm earlier this year. Now, with WHO having this new vaccine, it means that things could be looking up for Africa. It is, however, just the first trial for this vaccine. It is unsure whether or not this will be very effective, but it is a much better situation that what has been transpiring in Africa.
- Office Top Tip: We will never send you somewhere unsafe; however, with this vaccine coming about it looks like more of Africa could be available for you to travel to!
- Piece of MH370 Found
- What You Need to Know: In March 2014, a Malaysia Airlines Boeing 777 vanished on its trip from Kuala Lumpur. 239 vanished on their way to Beijing without a trace. Searches have been going on since then, but there has been no sight of the missing plane or any of the 239 passengers. But last week, a plane part washed up on shore of Reunion, a French-owned island in the Indiana Ocean. Malaysia acknowledged that the piece washed up on shore does indeed belong to a Boeing 777. The part is suspected to be a part of a wing, but tests will be run this week to determine whether or not the part is actually from MH370. There was also a suitcase found near the wing; it will also be tested in Paris along with the wing. For more information on this story, visit http://www.bbc.com/news/world-asia-33757172
- Why You Need to Know This: This is a huge leap forward for the mystery of MH370. The airplane vanished without a trace. No one has been able to figure out where it went or why it went down. This is an incredible step forward in solving this mystery and finding the plane.
- Office Top Tip: Keep a look out to see what is coming next in the mystery. Hopefully we will get an answer soon.
- London Tube Strike
- What You Need to Know: On Monday, the London Transport service announced that the London Underground, more commonly known as the Tube, unions were planning on going on a 24-hour strike. The strike would begin at 6:30PM on Wednesday and then run through Friday morning. This means that the Tube will not be running on Thursday August 6. Other transportation systems are going to be operational during the strike, and London is planning on adding 250 more buses on the street during the strike as well as increasing service throughout other areas. For more information on this story, visit https://tfl.gov.uk/modes/tube/tube-strike.
- Why You Need to Know This: If anyone is in the London area or planning on traveling there, this is super important. Hopefully the Strike won’t last long and that there will be some sort of resolution to this strike. If not, be prepared to get around London in other ways.
- Office Top Tip: Just because the Tube isn’t running doesn’t mean that it should keep you from exploring the city. There are other ways to get around London and you should capitalize on them!
Check back next week for more news so you can Know Before You Go!
All stories are based off of information gather from CNN, the New York Times, The Guardian, The BBC, and the Telegraph.