Fire Erupts At Massive Food Storage Warehouse In Southern California

EU Joins US-Led Pax Silica Alliance To Secure AI Supply Chains Authored by James Xu via The Epoch Times, The European Commission, Germany, Greece, and the Netherlands have joined the U.S.-led Pax Silica partnership, expanding a group focused on securing supply chains for artificial intelligence and other critical technologies. Semiconductor chips on a circuit board of a computer on Feb. 25, 2022. Florence Lo/Illustration/Reuters The announcement came at a summit in Washington on June 23 hosted by the U.S. State Department. The partnership aims to strengthen cooperation on semiconductors, critical minerals, energy, and...

EUR Drops As ECB Hikes Rates (As Expected); Raises Inflation Outlook, Sees Downside Growth Risks The European Central Bank increased interest rates for the second time since the Iran war broke out in February, responding to signs inflation is set to stay well above 2%. The deposit rate was lifted by a quarter-point to 2.5% on Thursday, as predicted by almost all economists in a Bloomberg survey. “The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above target for an extended period,” it...