U.S. Latinos account for the fastest-growing portion of the nation's total economic output but their overall financial health is at risk thanks to a lack of savings, a new report says.
Why it matters: The McKinsey & Company study is the latest to paint both a promising — and bleak — financial future for Latinos coming out of the pandemic.
With midterm resultsstill coming in, Latino candidates — mostly Democrats — are expected to make record gains in state legislatures across the U.S., including Iowa and Vermont, where census data shows the Latino population has boomed since 2010.
Why it matters: Latinos have been the fastest-growing eligible voter group since at least 2018, according to the Pew Research Center.
Mexican President Andrés Manuel López Obrador is moving forward with plans to reform the country's elections system despite massive protests this weekend.
Driving the news: Tens of thousands of people marched in more than a dozen Mexican cities Sunday against López Obrador's proposal to overhaul the National Electoral Institute (INE), with many saying it would threaten the institute's independence and give his party too much power over it.
U.S. Sen. Catherine Cortez Masto, whose re-election last week handed Democrats control of the Senate, tells Axios that constant outreach to Latino voters in Nevada is one of the reasons for her win.
Why it matters: Cortez Masto — the first and only Latina U.S. senator — narrowly beat Republican Adam Laxalt.
The global population is surpassing 8 billion this week — despite slowing fertility rates and aging populations, according to the U.N.
What we're watching: The average human is older than they used to be. Earthlings' median age in 2022 is 30.2 years old compared to 20.6 in 1974 when the global population was half what it is today, according to Our World in Data.
Monday's meeting between President Biden and Chinese leader Xi Jinping struck a positive tone — a notable change after several years of rapidly deteriorating bilateral ties.
Why it matters: Fears of a looming U.S.-China conflict, or even the outbreak of war, have been rising in both countries amid tensions over Taiwan, China's military buildup, tech competition, tariffs, sanctions and cybersecurity.
Russian missiles rained down on Kyiv on Tuesday, striking at least three residential buildings while several others were shot down by Ukraine's air defense, Kyiv Mayor Vitali Klitschko wrote in a Telegram post.
Why it matters: The strikes come on the back of Ukraine's triumphant recapture of the city of Kherson, a major setback for Moscow, and as world leaders gathered in Indonesia for the G20 summit.
Cambodian Prime Minister Hun Sen has canceled his meetings at the G20 summit in Bali, Indonesia, and was returning home after testing positive for COVID-19, he said in a Facebook post on Tuesday.
The big picture: The positive test comes just days after Hun Sen hosted several Asian leaders, as well as President Biden and others for the Association of Southeast Asian Nations (ASEAN) summit in the Cambodian capital Phnom Penh.
The U.S., Japan and a suite of other partners on Tuesday unveiled a $20 billion plan to help Indonesia curb reliance on coal-fired power in the world's fourth-most populous country.
Why it matters: Indonesia, Southeast Asia's largest economy, relies on coal, the most carbon-emitting fuel, for roughly 60% of its electricity.
BALI, Indonesia — The G20 summit opened on Tuesday, with the Russian military's war on Ukraine dominating discussions and dividing leaders.
The big picture: The U.S. and European countries have made the war their top focus at the summit. But countries outside of the rich Group of 7 weren't on the same page, leading to profound and perhaps insurmountable differences over the goals for the summit.
BALI, Indonesia — Ukraine's President Volodymyr Zelensky told the G20 leaders summit in Indonesia on Tuesday the liberation of Kherson from Russian forces marked a turning point in the war, according to an English translation of the speech obtained by Axios.
The big picture: Russian President Vladimir Putin did not attend the G20, leaving his deputy, Russian minister of foreign affairs Sergey Lavrov to respond to Zelensky's address. Putin's absence in Bali could give Zelensky a stronger footing to plead his case despite only giving a virtual address.
A coalition of more than a dozen powerful conservative groups is pressing lawmakers to delay consideration of any additional aid to Ukraine until the new Congress is sworn in next year, Axios has learned.
Why it matters: It's an early indication of the pressure Republicans are expected to face from some of their most influential grassroots allies to use a House majority as a bulwark against the flow of American aid money to Ukraine.
Ukrainian President Volodymyr Zelensky,flanked by soldiers, sang the national anthem in central Kherson Monday as a Ukrainian flag was raised over the city — the only regional capital that had fallen to Russia since February's invasion.
Why it matters: The Russian surrender of Kherson is the culmination of a four-month Ukrainian counteroffensive, and a major blow to Russian President Putin, who just weeks earlier had declared Kherson an integral part of Russia "forever." Kherson's liberation comes as winter sets in and officials in Kyiv, Moscow and Washington prepare for the next phase of the war.
