Our daily trek around the world

🇮🇱 Former Israeli PM Benjamin Netanyahu will officially replace incumbent PM Yair Lipid, who conceded last night. ​​Netanyahu's right-wing bloc won 64 of a possible 120 seats in the Knesset (Israel's parliament), signaling an end to recent political gridlock that's resulted in five national elections since 2019, per APNews. The popular vote was evenly split, with 49% of the vote going to Netanyahu's party and 49% going to Lipid's (though the outcome, similar to the electoral system in the US, is dependent on regional districts).

🌎 One-third of the glaciers at 50 UNESCO World Heritage sites are all-but-guaranteed to disappear by 2050. That’s per a new UNESCO report that predicts the glaciers will melt regardless of the world’s actions against climate change – but says it’s still possible to save the other two-thirds. The ~18,600 glaciers at the sites represent nearly 10% of the Earth's glacierized area, including places like Mount Kilimanjaro, the Alps, and Yosemite National Park.

🇬🇧 The Bank of England raised interest rates by 0.75%, its highest increase since 1989. This is the bank’s eighth consecutive hike since last December, pushing benchmark interest rates to their highest level in 14 years. The BoE also forecasted the UK will face a “very challenging” recession over the next two years, with unemployment projected to double between now and 2025. The rate hikes are intended to bring down inflation, which hit a new 40-year high of 10.1% in September.