South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009

Fireworks sales in the U.S. are being adversely affected by President Trump's trade war with China, as over 95% of fireworks sold are imported from there. With a 30% tariff in place, retailers face reduced stock and higher prices, leading to fewer choices for consumers this July 4th, while some importers have halted orders due to previous high tariffs. Explain It To Me Like I'm 5: Due to President Trump's trade issues with China, people...

Eurozone inflation rose to 2% in June, aligning with the European Central Bank's target and increasing from May's 1.9%. While the ECB has reduced rates to 2% since last summer, it is expected to pause further cuts, influenced by geopolitical events affecting oil prices and a stronger euro, which has appreciated nearly 14% against the US dollar this year. Explain It To Me Like I'm 5: In June, prices in Europe went up by 2...

The North Island and parts of the South Island are facing severe weather as an atmospheric river brings strong winds and heavy rain, prompting emergency warnings. Up to 150mm of rain is expected in Nelson, Tasman, and Marlborough, with the New Zealand Defence Force and Fire and Emergency teams deployed ahead of the storm. Explain It To Me Like I'm 5: New Zealand is getting ready for a big storm with lots of rain and...

Seventy-six Ghanaians trafficked to Nigeria under a fraudulent recruitment scheme have been rescued by police, with seven suspects arrested. The victims, deceived with false job offers, faced poor living conditions and were coerced into scamming their families for money, highlighting the ongoing issue of job-related fraud in the region. Explain It To Me Like I'm 5: Seventy-six young men from Ghana were tricked into going to Nigeria with promises of good jobs, but when they...

A Thai court has accepted a petition from senators that accuse the PM of dishonesty and breaching ethical standards.Thailand’s Constitutional Court has suspended Prime Minister Paetongtarn Shinawatra amid an ethics investigation over a leaked phone call with former Cambodian leader Hun Sen, as domestic outrage grows and her coalition shrinks. The Pheu Thai Party faces declining support, with Paetongtarn's approval rating dropping significantly, while her father, Thaksin, confronts legal challenges as well. Explain It To...

A mother, Imaan Sharmar, is pleading for the safe return of her nine-day-old son, Mogamat Imaad Sharmar, who was abducted in Cape Town by a woman posing as a community sponsor. The woman, who gained Imaan's trust, disappeared with the baby during a mall visit, raising fears about potential illegal adoptions as similar cases have been reported recently. Explain It To Me Like I'm 5: A mother is pleading for the safe return of her...