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The European Central Bank left its key deposit rate unchanged at 2%, matching analysts’ expectations.The decision followed the EU-US trade agreement and came as eurozone inflation remained close to the 2% target.Rates for refinancing operations and marginal lending were also held steady at 2.15% and 2.40%.The ECB has cut its deposit rate eight times since June 2024, lowering it from 4% to 2%.President Christine Lagarde said inflation projections point to stability around 2% in the medium term.Recent data showed prices rising 2.1% in August after holding at 2% in June and July.Despite stability, the bloc faces political uncertainty in France…
US pharmaceutical giant Merck has cancelled plans for a £1bn expansion in Britain. The company said the government is not providing enough support for the life sciences sector. The multinational, known in Europe as MSD, will relocate research to the US and cut jobs in the UK. Company leaders accused successive governments of undervaluing innovative medicines and vaccines. Industry experts warned the decision could discourage other global drug makers from investing in Britain. Government defends record but admits more to do A government spokesperson defended current research spending but admitted further efforts are needed. Officials pointed to recent programmes but…
WARSAW, Poland — Poland’s air force confirmed Wednesday that several Russian drones were intercepted and destroyed after entering the country’s airspace during nighttime attacks on Ukraine. Authorities said 19 drones crossed into Polish territory late Tuesday into early Wednesday. F-16 fighters, operating with NATO support, shot down at least eight of them. Debris was scattered across multiple areas, including the village of Wyryki-Kolonia, where one drone struck a residential building. No injuries were reported. Prime Minister Donald Tusk condemned the incident as an aggressive act and requested immediate consultations with NATO under Article 4. During the operation, flights at key…
Eyewitnesses saw Charlie Kirk take a bullet to the neck at Utah Valley University before aides rushed him off stage. US President Donald Trump confirmed Kirk’s death on Wednesday, calling him “great and legendary” and praising his connection with youth. Trump offered condolences to Kirk’s wife Erika and his family, highlighting Kirk’s influence and admiration nationwide. Shooting Unfolds During Campus Debate Kirk spoke at a Turning Point USA debate under a tent displaying “The American Comeback” and “Prove Me Wrong” slogans. A single shot rang out after Kirk answered an audience question, causing heavy bleeding from his neck. Police detained…
Larry Ellison overtook Elon Musk as the world’s richest person after Oracle shares surged 40% in early trading.The co-founder owns 41% of Oracle, now valued at $958bn, lifting his fortune to $393bn.Musk’s wealth stands at $384bn, placing him just behind Ellison in Bloomberg’s billionaires index.The rise marked Oracle’s largest single-day share increase and the biggest wealth jump in index history.Ellison, 81, also holds wealth through Tesla shares, a sailing team, a tennis tournament, and a Hawaiian island.He invested $1bn in Musk’s Twitter purchase and previously sat on Tesla’s board.Oracle’s value has grown as AI companies demand its cloud services to…
Donald Trump is pressing the European Union to impose tariffs of up to 100 percent on China and India. He wants to increase pressure on Russian President Vladimir Putin and bring the war in Ukraine to an end. Trump demands firmer action against Russia The US president voiced his demand during a meeting with EU officials on Tuesday. Both sides reviewed options to further damage Russia’s economy. According to a source, Trump insisted on maximum tariffs targeting China and India. He had pledged to stop the conflict on the “first day” of his presidency. Yet negotiations between Moscow and Kyiv…
Donald Trump has launched a global trade war without formal approval from Congress, raising tariffs sharply and threatening world markets. His administration claims broad authority under the International Emergency Economic Powers Act (IEEPA), citing a “national emergency” over trade imbalances. Critics argue this exceeds presidential power and may harm the U.S. economy. In April, Trump cited “lack of reciprocity in trade, disparate tariff rates, and non-tariff barriers” as threats to U.S. security and the economy. Using IEEPA, he increased average tariffs from 1.5% to 19.4%, according to the Tax Foundation. These rates now rival those in some of the world’s…
US President Donald Trump has blamed Israeli Prime Minister Benjamin Netanyahu for ordering an attack on Qatar, saying the United States had insufficient time to prevent the strike. Trump addressed the incident in a statement on his social media platform, referring to Israel’s strike on a Hamas delegation in Qatar. He said the action was unilateral and criticized its impact on US and Israeli interests. “Unilaterally bombing inside Qatar, a sovereign nation and close US ally working bravely to broker peace, does not advance Israel or America’s goals,” Trump said. He stressed that the attack was Netanyahu’s decision, not his…
The Landmark Nicosia, Autograph Collection by Marriott, owned by MHV- Mediterranean Hospitality Venture, has announced a prestigious partnership with Sole Lifestyle & Spa. The collaboration will bring exclusive wellness and spa experiences to the hotel, marking a new chapter in its history and reinforcing its role as a central hub of the capital’s social and cultural life. Sole Lifestyle & Spa is a renowned niche spa brand that first gained recognition with its Limassol location. Known for its high-quality services, attention to detail, and personalized care, the spa has attracted both international visitors and local patrons seeking luxury wellness experiences.…
The 2025 Filippo Nicosia Award concluded on 30 August at Villa Medici Giulini in Briosco, Italy, following two days of intensive masterclasses for musicians. The top prize went to the Israeli quartet Ensemble Finale. They received €5,000, a debut recording with Da Vinci Publishing, a portrait in Archi Magazine, sets of Larsen strings, and a GEWA violin case. The quartet also earned performance engagements at prestigious venues, including Amici del Teatro Carlo Felice e del Conservatorio Niccolò Paganini, Famiglia Artistica Reggiana, and Gioventù Musicale d’Italia. Duo Gullino-Troncarelli won the Best Italian Ensemble award. Their prize includes two concert engagements in…