FT News Briefing Palestinians pay the price for UN allegations
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Jan 31, 2024 Microsoft shines with record revenues while Alphabet struggles with ad growth. Surprisingly, the IMF has upgraded Russia’s economic outlook despite sanctions. Meanwhile, the UN agency for Palestinian refugees faces a crisis, accused of employee involvement in attacks. This has significant implications for humanitarian efforts in Gaza, where the situation grows increasingly dire. Economic stability persists globally amid inflation worries, but rising diesel prices add to the complexity.
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Microsoft's Mixed Q4
- Microsoft saw record quarterly revenues driven by cloud computing and AI.
- However, investor excitement was muted, with shares dipping slightly after the report.
Russia's War Economy
- Russia's economy is projected to grow by 2.6% in 2024, exceeding expectations.
- This growth is attributed to its status as a war economy, with increased government spending in manufacturing.
IMF's Surprising Outlook
- The IMF has raised its growth outlook for both Russia and the global economy.
- This is surprising given sanctions and interest rate hikes, respectively.