The European Central Bank's "historic" interest rate cut and the European Union's food challenges - both in agricultural production and food waste - are this week's top topics.
Credit: euronews (in English) Duration: 07:00Published
European Central Bank , Cuts Interest Rates.
The action was confirmed on June 6 at
the central bank's meeting, CNBC reports. .
The European Central Bank's (ECB) key
rate will go from 4% down to 3.75%.
The ECB Governing Council issued a statement.
Based on an updated assessment of
the inflation outlook, the dynamics of
underlying inflation and the strength
of monetary policy transmission, , ECB Governing Council, via statement.
... it is now appropriate to
moderate the degree of monetary
policy restriction after nine months
of holding rates steady, ECB Governing Council, via statement.
This is the first time that interest rates
have been cut since September 2019. .
Updated macroeconomic projections indicate that 2024's "annual average headline inflation outlook" has been increased from 2.3% to 2.5%, CNBC reports.
For 2025, it was raised from 2% to 2.2%.
The projection for 2026 stayed at 1.9%.
The ECB's next meeting is in July, where another rate cut is unlikely, experts say.
The slight upgrade to the inflation forecast
was to be expected, inflation has been printing
a little bit hotter than markets were expecting,
but in terms of the timing of the next cut
I’d still be looking to September, Dean Turner, chief euro zone economist at
UBS Global Wealth Management, to CNBC.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
The U.S. Federal Reserve continues
to battle America's rate of inflation.
Credit: Wibbitz Top Stories Duration: 01:31Published
The Gaza Civil Defense has reported the loss of 79 aid workers since the onset of the Israeli offensive in early October, with the latest casualty occurring after an Israeli strike on a humanitarian safe zone at the al-Mawasi camp, which killed at least 90 Palestinians and wounded 300. This attack is considered the deadliest in weeks. The conflict escalated on October 7 following a surprise operation by Hamas, leading Israel to launch a full-scale war on Gaza and enforce a near-total siege, severely restricting essential supplies. The offensive has resulted in at least 38,664 Palestinian deaths and 89,097 injuries, worsening the humanitarian crisis. Limited access to food, medicine, and water has intensified civilian suffering and complicated rescue efforts. Despite international calls for ceasefires and aid, efforts at the UN Security Council to address the conflict have been hindered by vetoes, highlighting the urgent need for resolution.
#GazaCrisis #HumanitarianCrisis #GazaAidWorkersKilled #PalestinianAidWorkersKilled #GazaAttack #AidWorkers #IsraeliOffensive #GazaUnderAttack #PalestineConflict #MiddleEast #HumanRights #InternationalAid #WarCrimes #UNSC #CeasefireNow #SaveGaza #PeaceInGaza #GlobalConcern
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Mohammed Deif, the military commander of the Palestinian Hamas resistance group, has reportedly survived an Israeli attempt to assassinate him at the al-Mawasi camp in southern Gaza. A senior Hamas official confirmed Deif's well-being and stated that he is actively overseeing military operations against Israeli forces. The incident occurred during an Israeli military attack on a designated humanitarian safe zone in the same area, resulting in the deaths of at least 90 Palestinians and injuries to 300 others. This attack has been identified as the deadliest in Gaza in recent weeks, escalating tensions in the region.
#hamasterroristkilled #israelattcksgaza #al-qassambrigade #ONEINDIA #OEINDIANEWS
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Hezbollah, the Lebanese resistance movement, has conducted 10 operations targeting Israeli military positions in response to ongoing Israeli attacks on both Lebanon and the Gaza Strip. Hezbollah and Israel have engaged in a series of intense confrontations since early October, sparked by a significant escalation in Gaza. This followed a surprise operation by the Hamas resistance group, leading to deadly exchanges of fire between the two sides.
HASH TAGS- #HEZBOLLAHSTRIKES #HEJBOLLAHWARINGTOISRAEL #ISRAELHAMASWAR #ONEINDIANEWS #ONEINDIA
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Iran’s interim foreign minister, Ali Bagheri Kani, has laid the blame for Israel’s ongoing actions in the Gaza Strip squarely on the United States, emphasising the importance of multilateralism to achieve global peace and stability. His remarks came upon his arrival in New York on Monday night to participate in two critical debates at the United Nations Security Council (UNSC). The debates, scheduled for Tuesday and Wednesday, will focus on the topics of multilateralism and Palestine, respectively.
#Iran #US #IranAccusesUS #IsraelWarCrimes #IranBlastUS #AliBagheriKani #IranBlamesUS #IsraelGazaWar #Gaza #WarCrimes #Multilateralism #Palestine #UNSC #HumanRights #Israel #Conflict #Peace #Accountability #MiddleEast #GlobalStability #StopTheViolence
Yemeni forces conducted three pro-Palestinian operations, including a joint effort with Iraqi fighters. They targeted ships in the Red Sea and Mediterranean using drones, missiles, and boats. These actions enforce a ban on vessels heading to Israeli-occupied territories and respond to recent Israeli airstrikes in Gaza. The operations demonstrate Yemen's sophisticated military capabilities and international cooperation.
#HouthiRebels #HouthiAttack #RedSeaAttack #YemeniArmedResistance #IraqiResistance #YahyaSaree #IsraelHamasWar #IsraelGazawar #Gazalive #Worldnews #USelections #Oneindia #Oneindianews
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Fed Monitoring the Economy , as Powell Hints at , More Rate Hikes .
Yahoo Finance reports that Federal Reserve Chair
Jerome Powell warned that more interest rate hikes may
be on the horizon, as..
Credit: Wibbitz Top Stories Duration: 01:31Published
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