Tuesday, June 13 — 2 significant news stories

Today ChatGPT read 1144 top news stories and gave 4 of them a significance score over 7.

After removing previously covered events, here is today’s significant news:

[7.6] Water scarcity to severely impact large Asian economies and potentially worsen global climate crisis — CNBC

Water scarcity is the most significant and potentially most impactful component of the wider climate crisis, and researchers say that large Asian economies like India and China will be the most affected from these water shortages. Global fresh water demand is expected to outstrip supply by 40% to 50% by 2030. India, now the world's most populous nation, will be the hardest hit from water scarcity. According to independent think tank the Lowy Institute, approximately 80% to 90% of China's groundwater is unfit for consumption, while half of its aquifers are too polluted to be used for industry and farming. Other developing countries in the region are in similar situations, but their water crises could be harder to solve. Countries in the West won't likely remain unscathed by the risks associated with this water crisis. Europe's water problem is expected to get worse as resources grow increasingly scarce due to the deepening climate emergency.

[7.0] Wall Street futures rise ahead of key inflation figures and Federal Reserve's rate decision — The Globe and Mail

Wall Street futures have risen ahead of key inflation figures and the Federal Reserve's rate decision later this week. The Dow, S&P and Nasdaq futures were all up in early pre-market trading. The Fed is expected to deliver a hawkish skip, but if inflation ends up being too hot, the Fed could opt to deliver a rate hike. Markets have priced in about a 71% chance that the Fed will keep rates unchanged when it delivers its decision on Wednesday afternoon.

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