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This is The World in Brief from the Economist.

Our top stories. Spain will send 1 million euros or $1.07 million to Libya in solidarity with flood

victims the foreign minister announced. It is the latest country to pledge aid among the many

providing money, food, and medical supplies to the region after Storm Daniel caused severe

flooding and burst two dams near Dürna, a coastal city. Egypt, Tunisia, and the UAE are among

those who have sent rescue teams to the scene. Local officials said that more than 5,000 people have

died. Some 10,000 are reported missing. Shares in arm, a British chipmaker, were priced at $51

each on NASDAQ, valuing the company at over $54 billion. It is the firm's first public offering

since it was taken private by its owner, SoftBank Group, a Japanese technology conglomerate seven

years ago. The blockbuster listing signals a revival of the IPO market and is one of the biggest

so far this year. Mitt Romney, the American Senator from Utah, will not seek re-election in 2024.

In a video posted on X, formerly Twitter, the 76-year-old Republican said it was time for

quote, a new generation of leaders and criticized both Joe Biden and Donald Trump's

stances on climate change, debt, and dealing with Russia and China. His statement comes amid

concerns from some American voters that their lawmakers are too old.

America's annual inflation rate rose from 3.2% in July to 3.7% in August, slightly higher than

expected. On a monthly basis, the consumer price index went up by 0.6%, compared with 0.2% in

July, while the core measure, which excludes food and energy, also rose by slightly more than

...