Hi Global Recap readers,

For those in the US, the news of an impending GOVERNMENT SHUTDOWN on October 1 might have had you sweating.

But before discussing that, let’s get into today’s news in other parts of the world.

🌐 Here’s what’s up around the world:

• 🔥 Terrorist Attack in Turkey.

• 🚨 NATO Sends Troops to Kosovo.

• 🚅 Indonesia’s First High-Speed Railway, Backed by China.

• 🇸🇰 Slovakia’s Pro-Russia Candidate Wins Election.

📈 Top News

🔥 Terrorist Attack Shocks Ankara. Two suicide bombers struck the Turkish interior ministry, injuring two officers. One of them blew himself up while charging toward the compound, and the other was shot down. The attackers were linked to a Kurdish militant group called PKK that claimed responsibility.

The blast occurred near the parliament, where President Erdogan condemned the attack as "the final flutters of terrorism."

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🚨 NATO Sends Troops to Kosovo. In response to whispers of Serbian military escalation and a recent brutal assault by Serbian militants in Kosovo, NATO has made a bold move. The alliance is dispatching 600 UK troops to bolster its peacekeeping force in the region.

Serbia, however, vehemently denies any military build-up on the border, branding NATO’s actions as a “campaign of lies.”

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🚅 Indonesia’s First High-Speed Railway, Backed by China. Indonesia has launched “Whoosh,” a new high-speed railway service that connects Jakarta and Bandung in less than an hour. Prior to Whoosh, it took commuters three hours for the same trip.

The $7.3 billion project is backed by China’s Belt and Road initiative and aims to boost the economy and reduce emissions.

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🇸🇰 Slovakia’s Pro-Russia Fico Wins Election. Slovakia’s ex-PM Robert Fico wins the election. with a pro-Russian agenda. He pledges to halt anti-Russia sanctions and curb Ukraine’s arms aid. Yet, he also suggests a pivot towards peace talks between the two nations.

His critics fear he will follow Hungary’s nationalist leader Viktor Orban in clashing with the EU.

A Kremlin win in Europe?

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✍️ In-Depth

United States
US Shutdown Averted, But For How Long?

🎉 No Shutdown, For Now. Congress passed a stopgap funding bill just hours before the deadline, avoiding a government shutdown that would have disrupted many services.

🙄 But It’s Not Over Yet. The bill only funds the government until November 17, meaning lawmakers will have to reach a final agreement on the 12 spending bills that make up the budget for the entire fiscal year. If they fail, another shutdown looms.

😡 What’s the Holdup? The main obstacle is a group of hardline Republicans who want to slash spending and block certain policies, such as aid to Ukraine, abortion rights, and climate action. They have threatened to oust their leader, Kevin McCarthy if he compromises with Democrats. But Speaker McCarthy remained defiant against these threats.

🇺🇦 The Ukraine Dilemma. The passed bill slashed the expected $6 billion in Ukraine aid. This was a blow to some lawmakers in both parties, who wanted to support Kyiv in its fight against Russia.

👀 What’s Next. The bill only buys time until mid-November, when Congress will have to face another potential shutdown if they fail to agree on a full-year budget.

So now, how does a potential government shutdown affect Americans?

😢 Who Suffers? A government shutdown would affect millions of federal workers and service members who would not get paid until it ends. It would also stop or slow down many programs and functions that Americans rely on, such as food stamps, tax returns, national parks, and scientific research.

💰 What’s The Cost? A government shutdown would also hurt the economy and damage the US credit rating. Moody’s, a rating agency, has warned that a prolonged shutdown could lower the US government’s “Aaa” rating, which is the highest possible. This would make borrowing more expensive and risky.