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ECB Hikes Rates For First Time Since 2023 (As Expected); Cuts Growth, Hikes Inflation Outlook
ECB Hikes Rates For First Time Since 2023 (As Expected); Cuts Growth, Hikes Inflation Outlook
As fully expected, The ECB hiked its key rate by 25bps (for the first time since 2023) as the policymakers battle with the dilemma of economic weakness combined with rising inflation.
Obviously, raising rates to dampen inflation could further slow the economy, while easing rates to support growth increases the risk that higher inflation becomes persistent.
Clearly, Lagarde et al went with the former with its well-jawboned baseline having long been a hike in June with risks skewed toward...
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Jul 14, 2026 / Tyler Durden
Trump's Election Integrity Efforts Meet Resistance In Courts
Trump's Election Integrity Efforts Meet Resistance In Courts
Authored by Stacy Robinson via The Epoch Times,
President Donald Trump's efforts to overhaul U.S. voting systems have been stymied by court orders finding that his tactics were legally flawed.
People vote in the mayoral election in Washington on June 16, 2026.Madalina Kilroy/The Epoch Times
During his second term, Trump issued two executive orders on election integrity. Among other provisions, they required proof of citizenship and asked multiple federal agencies to compile a list of eligible voters in each state.
Some courts blocked his actions, saying...
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Mar 12, 2026 / Tyler Durden
"Please, Please, Please": Denmark's Energy Minister Begs Citizens To Stop Driving As Global Energy Shock Spreads
"Please, Please, Please": Denmark's Energy Minister Begs Citizens To Stop Driving As Global Energy Shock Spreads
Iran launched another round of overnight strikes on tankers and Gulf energy infrastructure, sending Brent crude back above $101/bbl and sparking fears that chaos in the Middle East has triggered what the IEA warned could be the largest-ever supply disruption in the history of the global oil market.
"The war in the Middle East is creating the largest supply disruption in the history of the global oil market," the IEA said on Wednesday.
With the record...
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Mar 22, 2026 / Dave DeCamp
US Bombs Somalia for 47th Time This Year
US Africa Command said on Saturday that its forces launched an airstrike in Somalia on March 19 as the Trump administration continues its record-breaking bombing campaign in the country amid the US-Israeli war against Iran. AFRICOM said the strike targeted al-Shabaab about 50 miles northeast of the town of Jamaame in Somalia’s Lower Juba region. […]
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