Russian President Vladimir Putin has threatened to attack decision-making centres in Kyiv with the new ballistic missile Oreshnik, following a comprehensive strike on Ukraine’s energy grid. Ukrainian President Volodymyr Zelensky warned of a tough response to Russian blackmail, as the latest attack left over one million people without power and caused explosions in several cities, with concerns of further grid attacks as winter approaches. Ukraine’s DTEK reported significant damage to energy plants, leading to blackouts and receiving aid from the European Commission and US to restore power amidst ongoing tensions and threats of escalation in the conflict.
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ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
The European Central Bank has cut rates by a quarter percentage point in response to weakening growth and political uncertainty in France and potential U.S. import tariffs. Despite progress in returning inflation to target levels, the bank foresees a slower economic recovery. The move aims to support growth in the eurozone, where concerns about political instability and job cuts at major firms have dampened investor confidence. Full Article
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