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ECB cuts interest rates by 25 bps, as expected
Investing.com – The European Central Bank cut interest rates at its meeting on Thursday, as widely expected, and signaled the likelihood of further easing in 2025 as the eurozone’s economy is struggling and inflation is nearly back at target. The ECB cut its benchmark deposit rate by 25 basis points to 3.0%, while the interest…
US Labor Market Adds 147,000 Jobs in June, Unemployment Drops to 4.1%
June’s nonfarm payrolls rose by 147,000, exceeding expectations of 110,000, while the unemployment rate dropped to 4.1%, signaling a robust labor market that may delay a July Federal Reserve rate cut. Government employment led with a 73,000 job gain, followed by health care (39,000) and social assistance (19,000), though a 329,000 increase in those not…
Breaking News | Iran | News‘Moderate’ Defeats ‘Hardliner’ in Sham Iranian Presidential Election
Reformist Masoud Pezeshkian defeated Ayatollah Ali Khamenei’s protege Saeed Jalili Friday to become Iran’s next president, winning the runoff election by 16.3 million votes to Jalili’s 13.5 million. Pezeshkian was the leading candidate in the first round of Iran’s sham election on June 28, but he did not clear the 50-percent threshold necessary to win outright. He…
Supreme Court allows Trump to deport Venezuelans under wartime law, but only after judges’ review
WASHINGTON (AP) — The Supreme Court on Monday allowed the Trump administration to use an 18th century wartime law to deport Venezuelan migrants, but said they must get a court hearing before they are taken from the United States. In a bitterly divided decision, the court said the administration must give Venezuelans who it claims…
Tens of thousands of migrants return to Morocco after crossing into Spain’s Ceuta – as it happened
Spain said around 50,000 people had crossed the border since Thursday morning, and estimated that 48,300 had voluntarily returned by 6 p.m. (1600 GMT) on Friday. Juan Jesús Vivas, head of Ceuta’s local government, said as many as 60,000 people had pushed across over the past couple of days. Fifty-seven bodies had been recovered on…
Breaking News | Germany | NewsGermany’s half-a-trillion dollar energy bazooka may not be enough
FRANKFURT, Dec 15 (Reuters) – Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. That’s the cumulative scale of the bailouts and schemes the Berlin government has launched to prop up the country’s energy system…


