Author: staff
Economists expect the ECB to continue rate cuts, aiming for 2% by mid-2025. Lagarde’s focus on downside inflation risks and weak growth signals further easing. Economists and market analysts are in broad agreement that the European Central Bank (ECB) will continue cutting interest rates at each meeting for the foreseeable future, following Thursday’s decision to reduce rates by 25 basis points. Here is what ECB watchers had to say about the rate-cut decision and future outlook.Lagarde’s dovish tone signals room for more cutsRuben Segura-Cayuela, European economist at Bank of America, highlighted the dovish tone in Lagarde’s remarks, particularly her focus…
Belarusian opposition leader Sviatlana Tsikhanouskaya, the biggest challenger of President Alexander Lukashenko, talked to Euronews about her fight for a free Belarus from exile. Belarusian President Alexander Lukashenko dismissed her as a “housewife,” but when the Belarusian opposition leader Sviatlana Tsikhanouskaya entered the race for the presidency in 2020, she became his greatest challenge. Now that she is in exile, she continues her fight for a free, democratic Belarus. When Euronews met her in Berlin, her strong personality and her longing for her homeland immediately came to the fore.“I miss everything. I miss my apartment, which had been confiscated. That…
Joe Biden took office nearly four years ago with a promise to mend America’s relationship with Europe after years of strained ties during the Trump administration. Trump frequently targeted Germany in particular for its lagging defense spending, calling the country “delinquent.” In a campaign rally earlier this year, Trump said he would not protect “delinquent” NATO allies from a potential Russian attack. “I would encourage them [the Russians] to do whatever the hell they want,” said Trump. “You gotta pay!” This year, Germany said it would meet the NATO defense spending target of two percent of gross domestic product for…
Far right MEPs who nominated the billionaire for the prestigious award cast doubt on the voting process after Musk failed to make the final cut. Elon Musk, CEO of Tesla and SpaceX and owner of X, failed to make the shortlist for the 2024 Sakharov Prize for Freedom of Thought, a prestigious human rights award from the European Union. Musk was initially nominated for the prize by two far-right groups in the European Parliament, the Patriots for Europe, and the Europe of Sovereign Nations group which is led by the German far-right party Alternative for Germany.The Sakharov Prize is awarded…
South Korea’s spy agency said Friday it believes North Korea has already begun deploying four brigades totaling 12,000 troops, including special forces, to the war in Ukraine. Separately, the head of Ukraine’s Defense Intelligence Directorate also shared the agency’s assessment that there are now nearly 11,000 North Korean infantry troops training in Russia to fight in Ukraine. “They will be ready on Nov. 1,” Lieutenant General Kyrylo Budanov told The War Zone. The North Korean troops will use Russian equipment and ammunition, Budanov said. The first cadre of 2,600 troops will go to Kursk inside Russia where Ukraine began a…
German politicians are overall pessimistic about the prospect of Trump returning to the White House, remembering past clashes as they look to the future in supporting Ukraine. US President Joe Biden landed in Berlin on Thursday evening for a brief visit to celebrate transatlantic solidarity and discuss how Western leaders can help support Ukraine against Russia. His visit will be his last in office. With the US election weeks away, and the race extremely tight, the possibility of former president Donald Trump winning threatens to alter US foreign policy and the relationships Biden is in Berlin trying to maintain. German…
Updated: 18/10/2024 – 13:24 GMT+2 Visitors are flocking to New York City”s famed High Line to see its latest art installation. Visitors are flocking to New York City’s famed High Line to see its latest art installation. The 16-foot-tall pigeon sculpture has the city in a flutter. Artist Iván Argote’s sculpture titled “Dinosaur” depicts an enormous pigeon looking out over New York’s 10th Avenue. “This is hilarious,” said Joaquin Eleno, a visitor to New York City’s High Line. “I looked at it, I laughed. I didn’t think it was real. And then I confirmed with another person. And all I…
The Swedish manufacturer saw a drop in vehicle sales and is predicting little growth for 2025. Volvo’s net sales decreased by 12% year-on-year in the third quarter of 2024, amounting to SEK 117bn (€10.27bn).Adjusted operating income for the same period came in at SEK 14.1bn, down from SEK 19.3bn a year earlier.Sales of vehicles were 11% lower than last year, and demand for trucks was particularly reduced.”Our total truck deliveries declined by 16% compared with the prior year largely driven by the light-duty vehicle model change-over in Europe which started in the spring,” said Volvo CEO Martin Lundstedt.”Deliveries of heavy-duty…
The Trump team has been ripped online for a ‘cringe’ video that uses a song from Harris-endorser Taylor Swift, who Trump has stated he hates. “All you are is mean, and a liar, and pathetic and alone in life…”You almost feel bad about some of the idiots Taylor Swift writes about. Almost. And this diss lyric from her song ‘Mean’ could be applicable to Donald Trump and his campaign team, who have rather pathetically posted a video on Instagram featuring a song from Swift.The pop superstar has not only endorsed his political rival Kamala Harris, but has previously caused Trump…
Aside from all the entry exams, exorbitant holidays and canteens — I thought there were few similarities between the European institutions and the school world. If the EU bubble was to be compared to any academic institution it would probably be Hogwarts, the fictional private school in Harry Potter (except with less magic and Brits and more made-up words and scary bald men). Brussels, I thought, is a bit like an expensive U.S. liberal arts college. It must be nice to major in Absurdist theater and minor in comitology — but you’ll struggle in the real world. But these were…