ECB keeps interest rate at 2.0% as inflation rises to 3.0% The ECB held its key interest rate at 2.0% despite a recent rise in euro‑area inflation to 3.0%, citing …
warns
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World
UN Secretary-General warns Strait of Hormuz closure is strangling global economy
by anna walterby anna walterUN warns Strait of Hormuz closure is “strangling the global economy” UN chief Antonio Guterres warns the Strait of Hormuz closure is strangling the global economy, prolonging supply-chain disruptions and …
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Business
IMF warns war-driven defense spending offers limited lift to global economy
by Leo Müllerby Leo MüllerIMF Warns of Rising Economic Cost of War as Global Inflation and Supply Risks Grow Global finance watchdog flags higher prices, strained supply chains and fiscal pressures from conflicts in …
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Vincent Kompany Urges Only Healthy Fans to Attend Bayern’s Munich Return Against PSG Vincent Kompany urged only fully fit supporters to attend Bayern Munich’s return against Paris Saint‑Germain, asking unwell …
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Business
German economy slowed by Iran war as DIW warns energy costs rise
by Leo Müllerby Leo MüllerGerman economy’s recovery cools as DIW barometer flags Iran conflict impact German economy shows only a slight April rise in DIW barometer; energy costs and uncertainty from the Iran war …
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Business
Battery storage firm Fenecon warns Minister Reiche’s remarks unsettle German energy market
by Leo Müllerby Leo MüllerBavarian Firm Fenecon Scales Battery Storage from Used Car Batteries, Owners Criticize Minister Reiche Fenecon builds battery storage systems from second‑life car batteries in Lower Bavaria, driving local growth while …
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Technology
OpenAI CFO Warns It May Not Afford Future Compute Unless Revenue Grows
by Helga Moritzby Helga MoritzOpenAI CFO Warns Compute Costs Could Outpace Revenue, Raising Funding Concerns OpenAI CFO Sarah Friar warned that compute costs could outpace revenue growth, risking the company’s ability to finance future …
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Business
ifo Institute warns German companies plan biggest layoffs since May 2020
by Leo Müllerby Leo MüllerJob cuts in Germany accelerate as ifo barometer falls to lowest since May 2020 Job cuts in Germany rise as the ifo employment barometer falls to 91.3 – the lowest …
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Politics
Ukraine warns Israel over Panormitis arrival, accuses acceptance of stolen Ukrainian grain
by Hans Ottoby Hans OttoUkraine accuses Israel of accepting stolen Ukrainian grain after Panormitis docked in Haifa Ukraine accuses Israel of accepting stolen Ukrainian grain after the Panormitis docked in Haifa; Kyiv summons ambassador, …
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World
Mauritania forces migrants into hiding in mass deportation campaign UN expert warns
by anna walterby anna walterMauritania migrant deportations drive asylum seekers into hiding in Nouakchott Mass Mauritania migrant deportations have driven asylum seekers into hiding in Nouakchott, with rights groups contesting arrests, alleged bribes and …