Recession and raised interest rates
22 Sep 2022
The Bank of England has raised interest rates to 2.25%, the highest level for 14 years. This will make it more expensive to borrow, which should - theoretically - encourage people to borrow less and spend less. It should also spur people to save more. However, there is also a risk that it can drag on growth, harming the economy. The bank's monetary policy committee, which sets rates, believes that the economy is already shrinking, which would officially push the UK into recession. The Bank of England has also warned that the government’s energy price freeze will push up inflation in the medium term. With energy bills rising less sharply, households will have more money to spend on other goods and services (although some people are already having to skip meals due to rising bills).
Ukraine: cargo ships leaving
22 Sep 2022
On 24 August a total of 33 cargo ships carrying 719,549 tons of foodstuffs left Ukraine, under a deal brokered by the UN and Turkey. Although the pace of exports has risen in September, volumes are well below last season’s levels. Ukraine also has a rail link to Moldova that could be used to carry ten million tons of freight a year. See On 2 September American media reported that Ukraine says Russia is using cargo ships to ferry weapons to the Black Sea. Kyiv has asked Turkey to block passage of sanctioned vessels making journeys from Syria through straits controlled by Ankara. See also the world article on the Horn of Africa.
Putin’s chest pains and intimidation
22 Sep 2022
Vladimir Putin delayed his TV address to Russia to be urgently treated for 'chest pains'. The eventual speech the next day warned of Russia’s use of nuclear weapons and mobilising troops. The delayed broadcast allegedly happened only because doctors had urgently treated him. Comments surrounding his health have intensified in recent months. Russia’s General SVR Telegram channel routinely claims that 69-year-old Putin suffers from illnesses such as cancer or Parkinson’s disease. His mental and physical wellbeing have been in sharp focus since he invaded Ukraine. In the delayed announcement he ranted about purging Ukraine of ‘neo-Nazis’ and wanted referendums in occupied regions. But for thousands of Russians watching TV at home, the most notably worrying elements of the broadcast was the ordering of 300,000 army reservists into battle and preventing 25 million reservists from fleeing Russia. This news has shocked and alarmed even his closest confidants.
Horn of Africa: unprecedented famine
22 Sep 2022
Unprecedented famine grips parts of Africa. Four years of droughts, Covid-19, and the Ukraine war have created dire conditions. In Somalia, Ethiopia, and Kenya, one person dies from hunger every 48 seconds. Water sources and wells have dried up. Crops have failed, livestock have died, and 22 million people may starve. Many farmers only grow enough to feed themselves. Many relying on livestock see their animals die. Families forced to flee looking for food embark on very perilous journeys. The level of pain and suffering is devastating. Half of Somalia’s population are experiencing crisis hunger levels. One in three children face chronic malnutrition. Before Ukraine’s war Somalia imported 90% of its wheat from Russia and Ukraine, Ethiopia imported 42%. Kenya 44%, plus oil, iron, steel, and fertilisers. In late August, the first grain shipment from Ukraine brought 23,000 tons of wheat - enough for 1.5 million for a month, a drop in the bucket for needy millions. See also the Europe article on Ukraine cargo ships leaving.
Israel: Nazareth Hospital
22 Sep 2022
The European Evangelical Alliance prayer network has a prayer request from Nazareth Hospital , which began 160 years ago as a Christian medical mission. It has grown from a five-bed clinic to the town’s main trauma and acute care hospital, employing 800 staff from all faiths in the region. Their Christian witness, mission and faith is important; their reach is felt across staff and the annual 250,000 patients. Talks with Israel’s government to find a solution to the funding crisis have been unsuccessful, and many hospital departments have had to close. Despite all their efforts they believe the Lord wants this ministry to continue. They say, ‘Please join us in urgent prayer for the hospital, that a solution will be found for our finances, that we will be able to pay our staff what they are owed, that the hospital will reopen, and that our Christian witness will continue for the next 160 years in Nazareth, or until the Lord returns.’
Hurricane Fiona
22 Sep 2022
On 14 September a tropical depression at the Leeward Islands became Hurricane Fiona, the first Category 4 hurricane of 2022. It triggered widespread flooding and mudslides across Puerto Rico, the Dominican Republic, and the Turks and Caicos, reaching Bermuda on the 22nd. Next it will pound Canada with damaging winds, flooding rain, storm surges, and coastal flooding. Serious threats are expected even if Fiona transitions into a non-tropical low: it could be one of the region's strongest storms in modern records. Pray for Puerto Rico, still without power and with over 450,000 still without water on 22 September. Pray for those repairing homes and infrastructure including collapsed highways, mudslides and blocked roads from uprooted trees and pylons. Pray for those preparing and delivering food rations, the injured, and those in mourning. May there be no diseases from standing stagnant water. Pray for farmers whose crops are ruined, and for all the rescue teams.
Global: Putin’s political payoffs
22 Sep 2022
Since 2014 Russia has secretly funnelled $300 million to foreign political parties and candidates in at least 24 countries in Europe, Africa ,and elsewhere to shape political events beyond its borders. Putin wants to weaken democratic systems and promote global political forces aligned with Kremlin interests. A senior US official, speaking to reporters on the condition of anonymity to discuss intelligence findings, said the administration decided to declassify some of the review’s findings to counter Russia’s ability to sway political systems. ‘By shining this light on Russian covert political financing and attempts to undermine democratic processes, we are putting these foreign parties and candidates on notice that if they accept Russian money secretly, we can and we will expose it’, the official said. Countries identified included Albania, Montenegro, Madagascar, and Ecuador. An unnamed Asian presidential candidate received millions in cash. Russia also used shell companies, thinktanks and other means to influence political events, sometimes to the benefit of far-right groups.
New York: UN General Assembly
22 Sep 2022
The 77th session of the UN General Assembly opened on 13 September 2022, with a high-level debate running from the 20th to 26th. This year’s theme, ‘A watershed moment: transformative solutions to interlocking challenges’, acknowledges the shared roots of crises such as Covid-19, climate change and conflict, and the need for solutions that build global sustainability and resilience. Like all crises, these have unique and disproportionate impacts on women and girls. From harsher economic fallout to heightened risk of violence, women and girls are suffering in specific ways that require targeted solutions - a need that too often remains unmet. These crises are unfolding against the backdrop of a global backlash on women’s rights, compounding forces that threaten to undo already insufficient progress. Pray for this session to generate more action towards achieving gender equality and the empowerment of all women and girls around the world.