ECB’s Lagarde: Confident over 2% Inflation Target and Europe’s Winter Gas Situation 

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European Central Bank President Christine Lagarde said in an interview published on Sunday that she was confident the ECB would meet its target of getting inflation back down to 2%, and relatively confident over Europe’s gas reserves situation. 

Last month, the ECB raised its key interest rate to a record high of 4%.

“The key ECB interest rates have reached levels that, maintained for a sufficiently long duration, will make a substantial contribution to the timely return of inflation to the target,” Lagarde said in an interview published on Sunday in French paper La Tribune Dimanche. The ECB’s website clarified that the interview was conducted on Oct. 2. 

Lagarde added the fact that inflation was “currently falling significantly” was one of several reason as to why she was not pessimistic regarding the short-term economic outlook.

She added that other reasons for this were economic reforms underway in Europe, and because Europe’s gas reserves situation was better than before.

“Structural reforms are being put in place. And, just one year ago, who would have thought that we would succeed in replenishing more than 90% of our gas reserves by September 2023?,” said Lagarde.

“This allows us to look towards the coming winter, if not calmly, then at least with a lot more confidence,” she added.
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Will Weight Loss Drugs Like Ozempic Take a Bite Out of Junk Food Sales?

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All About America explores American culture, politics, trends, history, ideals and places of interest.

As Americans shed pounds on weight loss drugs like Ozempic, snack food companies could be in for some shrinkage, as well.

“The food, beverage and restaurant industries could see softer demand, particularly for unhealthier foods and high-fat, sweet and salty options,” Morgan Stanley food analyst Pamela Kaufman says in a company report.

A survey of 300 people currently taking semaglutide weight loss drugs such as Ozempic showed the medicine can reduce calorie intake by 20% to 30% a day.

The people surveyed said they cut back the most on foods that are high in sugar and fat, reducing their consumption of sweets, sugary drinks and baked goods by up to two-thirds. The survey found 77% of people on weight loss drugs went to fast food restaurants less often, while 74% reduced their visits to pizza shops.

Approximated 1 in 5 American adults is obese, according to the Centers for Disease Control and Prevention.

“It’s all of these food companies [and] beverage companies that have created the obesity,” says Angelica Gianchandani, professor of marketing at the University of New Haven in Connecticut. “At one time, it was innovation — creating all these different products and being able to put foods in bags and ziplocks [plastic bags] and easy to carry and transport — that was innovation. But all of this food creation in packaged goods, there’s a lot of processed foods, and the impact, if you’re not eating in moderation, has created this obesity.”

Morgan Stanley analysts estimate that 24 million people, roughly 7% of the U.S. population, will be taking this new class of obesity drugs by 2035. They project that overall consumption of soft drinks, baked goods and salty snacks could fall up to 3% by 2035.

But James Schrager, professor of entrepreneurship and strategy at the University of Chicago, says the snack industry continues to grow, and he doesn’t expect the increased use of semaglutides to have a major long-term impact.

“The growth comes from younger users, and younger users may not be the primary target for the drug,” he says. “Younger people — who don’t become obese usually, or at least in many cases — and who aren’t going to be taking the drug.”

Schrager says he’s worked as a consultant with some of the largest processed food companies in the world, and they are already concerned about providing healthier options.

“Way before this drug, [they worried] that the market will go away,” Schrager says. “They very much know that some of these are not good for some people’s health. …They would often say, ‘In a health-conscious world, we realize we may be out of business. How do we fix that?’”

The rise in semaglutide use also could cut into other obesity-related industries. The proportion of people paying for weight loss programs fell from 29% to 20% once they started taking the drug, according to the data. Gianchandani says weight loss businesses will pivot to health and wellness to stay afloat.

“And it will require people to have coaches, people to have nutritionists, to help give them a regimented diet to help them monitor,” she says. “These weight loss companies will encompass all of that, everything from food programs to coaching and support groups to help them maintain their weight and stay healthy.”

The report finds that patients taking the obesity drugs say they’re cutting back on sugary carbonated drinks (65%) and alcohol (62%). Almost one-fourth completely gave up alcohol. But Gianchandani says alcohol producers could benefit from the semaglutide craze.

“It’s going to capture a whole new market share. For them, it’s good,” she says, pointing out that alcohol producers are increasingly developing lower-calorie beverages. “They’re going to have a new product line to target a whole new demographic, and it will be millions of dollars of a market for them to benefit from.”
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Auto Workers Stop Expanding Strikes After GM Battery Plant Concession

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The United Auto Workers union said Friday it will not expand its strikes against Detroit’s three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants. 

Union President Shawn Fain told workers in a video appearance that additional plants could be added to the strikes later. 

The announcement of the pause in expanding the strikes came shortly after GM agreed to bring electric vehicle battery plants into the UAW’s national contract, essentially assuring that they will be unionized. 

Fain, wearing a T-shirt that said “Eat the Rich” in bold letters, said GM’s move will change the future of the union and the auto industry. He said GM made the change after the union threatened to strike at a plant in Arlington, Texas, that makes highly profitable large SUVs. 

“Today, under the threat of a major financial hit, they leapfrogged the pack in terms of a just transition” from combustion engines to electric vehicles, he said. “Our strike is working, but we’re not there yet.” 

In addition to large general pay raises, cost of living pay, restoration of pensions for new hires and other items, the union wanted to represent 10 battery factories proposed by the companies. 

The companies have said the plants, mostly joint ventures with South Korean battery makers, had to be bargained separately. 

Friday’s change means the four U.S. GM battery plants would now be covered under the union’s master agreement and GM would bargain with the union “which I think is a monumental development,” said Marick Masters, a business professor at Wayne State University in Detroit.  He said the details of GM’s offer, made in writing, will have to be scrutinized. 

“GM went far beyond and gave them this,” Masters said. “And I think GM is thinking they may get something in return for this on the economic items.” 

GM, Ford and Stellantis declined immediate comment on Fain’s announcement. 

Shares of all three automakers rose after Fain’s announcement in apparent anticipation that deals might be near. GM’s shares ended Friday up almost 2%, Stellantis added 3% and Ford rose just under 1%. 

The automakers have resisted bringing battery plants into the national UAW contracts, contending the union can’t represent workers who haven’t been hired yet. They also say joint venture partners must be involved in the talks. 

They also fear that big union contracts could drive up the prices of their electric vehicles, making them more expensive than Tesla and other nonunion competitors. 

For the past two weeks the union has expanded strikes that began on September 15 when the UAW targeted one assembly plant from each of the three automakers. That spread to 38 parts-distribution centers run by GM and Stellantis, maker of Jeeps and Ram pickups. Ford was spared from that expansion because talks with the union were progressing then. 

Last week the union added a GM crossover SUV plant in Lansing, Michigan, and a Ford SUV factory in Chicago but spared Stellantis from additional strikes due to progress in talks. 

Automakers have long said they are willing to give raises, but they fear that a costly contract will make their vehicles more expensive than those built at nonunion U.S. plants run by foreign corporations. 

The union insists that labor expenses are only 4% to 5% of the cost of a vehicle, and that the companies are making billions in profits and can afford big raises. 

The union had structured its walkouts so the companies can keep making big pickup trucks and SUVs, their top-selling and most profitable vehicles. Previously it shut down assembly plants in Missouri, Ohio and Michigan that make midsize pickups, commercial vans and midsize SUVs, which aren’t as profitable as larger vehicles. 

In the past, the union picked one company as a potential strike target and reached a contract agreement with that company to be the pattern for the others. 

But this year, Fain introduced a novel strategy of targeting a limited number of facilities at all three automakers. About 25,000, or about 17%, of the union’s 146,000 workers at the three automakers are now on strike. 
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VOA Immigration Weekly Recap, Oct. 1–7

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Editor’s note: Here is a look at immigration-related news around the U.S. this week. Questions? Tips? Comments? Email the VOA immigration team: ImmigrationUnit@voanews.com. 

US Government to Resume Deportations to Venezuela

The Biden administration announced Thursday it will resume the deportation of migrants back to Venezuela in hopes of decreasing the numbers of Venezuelans arriving at the U.S.-Mexico border. On a background call with reporters — a method often used by U.S. authorities to share information with reporters without being identified — Biden officials said Venezuelan nationals who cross into the United States unlawfully will still be processed. But if it is found they do not have a legal basis to remain in the country, they will be “swiftly removed” back to Venezuela. The U.S. has not carried out regular deportations to Venezuela for years. VOA’s Immigration reporter Aline Barros.

Biden Says He Can’t Stop New Border Barrier Plan

President Joe Biden said Thursday he was unable to legally divert money away from a plan to build several miles of new barriers along the southern border — directly contradicting his campaign vow to build “not another foot of wall” and drawing harsh criticism from Mexico’s president. A notice to allow construction in Texas was released Wednesday night in the Federal Register, the official U.S. government gazette. Story by VOA’s White House correspondent Anita Powell and VOA’s Immigration reporter Aline Barros.

UN Agency: US-Mexico Border, World’s Deadliest Land Crossing for Migrants

The U.S.-Mexico border is the world’s deadliest land migration route, according to the United Nations migration agency. The most recent report from the International Organization for Migration shows hundreds of people die each year attempting to get to the United States through the dangerous deserts. VOA’s Immigration reporter Aline Barros.

Chicago Keeps Hundreds of Migrants at Airports While Waiting on Shelters and Tents

Hidden behind a heavy black curtain in one of the nation’s busiest airports is Chicago’s unsettling response to a growing population of asylum-seekers arriving by plane. Hundreds of migrants, from babies to the elderly, live inside a shuttle bus center at O’Hare International Airport’s Terminal 1. They sleep on cardboard pads on the floor and share airport bathrooms. A private firm monitors their movements. The Associated Press reports.

Migrants Being Raped at Mexico Border as They Await Entry to US  

When Carolina’s captors arrived at dawn to pull her out of the stash house in the Mexican border city of Reynosa in late May, she thought they were going to force her to call her family in Venezuela again to beg them to pay $2,000 ransom. Instead, one of the men shoved her onto a broken-down bus parked outside and raped her, she told Reuters. “It’s the saddest, most horrible thing that can happen to a person,” Carolina said. Reported by Reuters.

US Officials in Mexico to Discuss Fentanyl, Human Migration

Senior U.S. officials, including Secretary of State Antony Blinken, were in Mexico for talks Wednesday with Mexican officials on the drug trade and a humanitarian crisis at the U.S. southern border. Blinken will be joined by Attorney General Merrick B. Garland and Homeland Security Secretary Alejandro Mayorkas. The U.S. delegation is set to meet with Mexican President Andres Manuel Lopez Obrador and Rosa Icela Rodriguez, secretary for Security and Citizen Protection. Reported by Rob Garver.

Immigration around the world

Reporter’s Notebook: The End of Artsakh

The dog’s ribs are visible and her owner’s skeletal shoulders poke through a gray sweater. The dog’s name is Chalo, essentially “Spot” in Armenian, and the owner, 69, tells us to call her Tamar. She is a refugee in Armenia and wants her real name withheld for security reasons. We meet her in a park hours after she arrives in Goris, Armenia, where workers staff humanitarian tents in the last days of September for the 100,000-plus people fleeing Nagorno-Karabakh. By VOA’s Middle East correspondent Heather Murdock.

Pakistan to Begin Deportation of 1.7 Million Undocumented Afghans

Pakistan has ordered all undocumented immigrants, including 1.7 million Afghans, to leave the country by November 1, vowing mass deportations for those who stay. Caretaker Prime Minister Anwaar-ul-Haq Kakar approved the plan Tuesday at a high-level meeting of his top civilian and military officials in Islamabad. Reported by Ayaz Gul and VOA Pakistan Bureau Chief Sarah Zaman.

Afghans Seeking Refuge in Pakistan Face New Uncertainties

Pakistan has ordered all undocumented immigrants to leave voluntarily by November 1 or face deportation. The new order primarily affects Afghans, many of whom fled their country after the Taliban took over in August 2021. VOA Pakistan Bureau Chief Sarah Zaman met with some Afghan women who once again are facing an uncertain future. VOA footage by Wajid Asad, Malik Waqar Ahmad and Wajid Shah.

New IOM Chief Seeks More Regular Pathways for Migration

On assuming her post as the new director general of the International Organization for Migration, Amy Pope said that one of her main priorities was to build more regular pathways for migration for people who have lost hope for a viable future and cannot stay home. Lisa Schlein reports for VOA from Geneva.

Ethiopian Entrepreneur Awarded for App That Helps Refugees Find Work

An Ethiopian digital app inventor has been given a prestigious award from the Bill and Melinda Gates Foundation for creating an application designed to link refugees with employers. Last week in New York, Eden Tadesse accepted a Goalkeepers Global Goals Award at a ceremony attended by Kenyan President William Ruto, Japanese Prime Minister Fumio Kishida and Bill and Melinda Gates, among others. Maya Misikir reports for VOA from Addis Ababa, Ethiopia.

Pakistan Turns Up Heat Over Cross-Border Attacks

A senior Pakistani diplomat said Thursday that while the Taliban had brought peace and security to Afghanistan, increased terrorist attacks from the neighboring country threatened stability in Pakistan, putting strains on an already difficult bilateral relationship. Ayaz Gul reports for VOA from Islamabad, Pakistan.

VOA60 Africa — Hundreds of Thousands of South Sudanese Refugees Face Hunger

The World Food Program says hundreds of thousands of South Sudanese refugees fleeing Sudan’s five-month-long war are facing hunger, with 90% of families going days without meals. The fighting has forced out nearly 300,000 South Sudanese.

Taliban, Rights Groups Decry Pakistan’s Decision to Evict Afghan Immigrants

Afghanistan’s Taliban Wednesday urged Pakistan to review its plans to expel Afghan immigrants, rejecting charges the displaced community is involved in the security problems facing the neighboring country. Taliban spokesman Zabihullah Mujahid released the statement a day after the Pakistani government ordered undocumented immigrants, including more than 1.7 million Afghans, to leave the country by November 1. Ayaz Gul reports for VOA from Islamabad, Pakistan.

Officials Describe ‘Surreal’ Scenes as Nagorno-Karabakh’s Aid, Health Crisis Grows

The unprecedented influx of more than 100,000 refugees from Nagorno-Karabakh into Armenia in less than a week has triggered a humanitarian and health crisis that will require a large-scale, longtime international effort and support to resolve, aid officials warned Tuesday. Lisa Schlein reports for VOA from Geneva.

Armenian Refugees Say No Hope of Return to Nagorno-Karabakh

Nearly the entire population of ethnic Armenians in Nagorno-Karabakh have fled to Armenia, and the one-time residents of the self-declared Republic of Artsakh are scattered. But as VOA’s Heather Murdock reports from Ishkhanasar and Kornidzor near the Armenia border with Azerbaijan, many fear the war that drove them out is not over. Camerman Yan Boechat contributed.

Lebanon Reacts to Surge in Migration from Syria 

Lebanon is pushing back on the European Union’s calls for the country to assist migrants and refugees from Syria. There are growing concerns that Lebanon’s collapsing economy is fueling anti-immigrant sentiment and putting the country on a dangerous course. Lebanon’s caretaker interior minister, Bassam Mawlawi, has accused Syrian refugees and migrants of committing crimes, taking away jobs from Lebanese and potentially creating a demographic imbalance along sectarian lines, saying their numbers must be “limited.” Produced by Dale Gavlak.

News brief

— U.S. Department of Homeland Security Secretary Alejandro Mayorkas announced Friday “the extension and redesignation of Cameroon for Temporary Protected Status (TPS) for 18 months, from December 8, 2023, through June 7, 2025, due to ongoing armed conflict and extraordinary and temporary conditions in Cameroon that prevent individuals from safely returning.”
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В окупованому Криму у парку мініатюр демонтували копію американської статуї Свободи

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У Бахчисарайському парку мініатюр, що в окупованому Росією Криму, демонтували копію американської статуї Свободи. Про це повідомив речник російського парламенту Володимир Константинов у Telegram, і зазначив, що не вважає такий вчинок варварством.

«Нам потрібно займатися своєю історією, своєю культурою, розвитком себе… А статуя свободи нехай вирушає до себе на батьківщину», – написав Костантинов.

Парк мініатюр у Бахчисараї відкрили у 2013 році. Київська «Україна-мати» та нью-йоркська «Статуя Свободи» були встановлені у парку до анексії півострова. Після 2014 року експозицію поповнили статуєю «зеленого чоловічка».
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Biden Says He Can’t Stop New Border Barrier Plan

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President Joe Biden said Thursday he was unable to legally divert money away from a plan to build several miles of new barriers along the southern border – directly contradicting his campaign vow to build “not another foot of wall” and drawing harsh criticism from Mexico’s president.

A notice to allow construction in Texas was released Wednesday night in the Federal Register, the official U.S. government gazette.

“There is presently an acute and immediate need to construct physical barriers and roads in the vicinity of the border,” Homeland Security Secretary Alejandro Mayorkas said in the notice.

U.S. Customs and Border Protection counted 232,972 encounters on the Southwest border in August, the last month for which figures are available. Most migrants crossing overland come from Mexico, El Salvador, Guatemala and Honduras.

Mexico’s president swiftly decried the move.

“This authorization for the construction of the wall is a step backwards,” President Andres Manuel Lopez Obrador said during his daily press conference. “That does not solve the problem, that does not solve the problem. We have to address the causes.”

In order to allow construction, the administration had to waive a number of federal regulations relating to environmental, historical and Indigenous issues. Biden also argued that the funds had been appropriated in 2019 by the previous administration.

“The money was appropriated for the border wall,” Biden said Thursday, when asked by reporters about what appeared to be a reversal in the administration’s border policy. “I tried to get them to reappropriate it, to redirect that money. They didn’t. They wouldn’t. And in the meantime, there’s nothing under the law other than they have to use the money for what it was appropriated. I can’t stop that.”

A reporter then asked him, “Do you believe the border wall works?”

“No,” he said.

In a call with reporters, administration officials noted that the structures will be on “moveable foundations.”

Former President Donald Trump was quick to react to the news.

“As I have stated often, over thousands of years, there are only two things that have consistently worked, wheels, and walls!” Trump said on his social media platform, Truth Social. He added that he was awaiting an apology from Biden “for taking so long to get moving, and allowing our country to be flooded” with illegal immigrants.

But in condemning Biden, Lopez Obrador alluded to a backstory.

“It is contrary to what President Biden has said,” he said. “He has been the only president so far who has not built the wall.”

But then he added: “I understand that there are strong pressures.”

Also Thursday, Lopez Obrador hosted U.S. Secretary of State Antony Blinken and Mayorkas in Mexico City for a high-level discussion on security.

Washington is currently in turmoil over a stunning turn of political events. Before being  ousted earlier this week, House Speaker Kevin McCarthy appeared to tie the legislative body’s approval of Biden’s request for $24 billion in Ukraine funding to a request by Republicans for more border security.

“I support being able to make sure Ukraine has the weapons that they need,” McCarthy said before he was voted out. “But I firmly support the border first.”

The Biden administration was also quick to dispute reports that they are deviating from existing policy. In 2021, a Biden executive order described a border wall “a waste of money that diverts attention from genuine threats to our homeland security,” while declaring they would not allocate military funds for border-wall construction – only congressional funds.

“There is no new Administration policy with respect to border walls,” Mayorkas said in a statement Thursday. “From day one, this administration has made clear that a border wall is not the answer. That remains our position and our position has never wavered. The language in the Federal Register notice is being taken out of context and it does not signify any change in policy whatsoever.”

Texas-based advocates with Voces Unidas, which promotes immigrant rights, condemned the administration’s move. “We are confused and angered by the decision to further punish the most innocent, most vulnerable people in our communities, people who are already underserved and ignored across regional and state governments, with this increase in border walls.”
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China’s Property Market Crisis Leaves Malaysian Megaproject in Doubt

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The future of a $100 billion development on Malaysia’s coast is in doubt due to growing concerns over the financial stability of its largest backer, China’s Country Garden. The property giant has reported billions of dollars in losses — but insists that its showpiece Forest City project in Malaysia is safe. Adam Hancock has this story from Johor, Malaysia. Camera — Wen Yi Chen.
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