The European Central Bank’s biannual Financial Stability Review warns that rising global trade tensions pose a risk to the euro area economy, with weak growth now seen as a greater threat than high inflation. Despite a two-year high of 0.4% economic growth in the third quarter and 2% headline inflation in October, financial markets have experienced increased volatility, prompting the ECB to caution that further fluctuations are more likely due to stretched valuations and risk concentration.
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Yellow weather warning in place for NI
A yellow weather warning for wind is in place in Northern Ireland from 10:00 to 19:00 GMT on Sunday, with gusts of 40-60 mph expected after Storm Éowyn brought winds of over 90mph. Recovery efforts are ongoing, with many roads still impassable due to fallen trees and debris, and about 140,000 properties without electricity, while train lines are gradually reopening with some services returning. Residents are advised to take caution and report any emergencies to...
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