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The 10 most important things in the world right now

Sep 3, 2015, 11:24 IST

Soldiers of China's People's Liberation Army march with their weapons during a training session for a military parade to mark the 70th anniversary of the end of World War Two, at a military base in Beijing, China, September 1, 2015.REUTERS/Stringer

Hi! Here's what you need to know on Thursday.

1.
Central Beijing is shut down on Thursday to host a massive military parade commemorating the defeat of Japan in World War II, where President Xi Jinping also announced the military will cut its force by 300,00.

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2. Hungary's Prime Minister Viktor Orban will meet European leaders in Brussels to discuss the migrant crisis, as thousands of migrants trying to get to Germany remain stranded outside Budapest's main railway station.

3. The US is monitoring five Chinese military vessels off the coast of Alaska, the first known time the Chinese navy has operated in this area.

4. US President Barack Obama secured enough support for the Iranian nuclear deal on Wednesday to stave off a potential veto override led by Republican members of the Senate.

5. Deutsche Bank warned that the market volatility over the past 10 days could last for weeks, and in some cases months.

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6. Lufthansa could face yet another pilots strike at any time, continuing a long-running pay dispute that includes agreeing to an increase in the average retirement age.

7. Nearly 150 million workers in India went on strike Wednesday in protest of Prime Minister Narendra Modi's plans to loosen rigid labor laws, such as giving companies more flexibility to hire and fire workers.

8. The International Monetary Fund says China's slowdown is having a larger impact on the global economy than expected.

9. A United Nations reports says war is stopping 13 million children from going to school in the Middle East and North Africa.

10. Tesla CEO revealed Wednesday that production on the electric car company's cheaper Model 3 will begin in about two years and consumers will be able to pre-order the vehicles in March.

And finally ...

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A new study finds there are about three trillion trees on earth, or roughly 422 for every person, which is eight times more than previously estimated.

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