A ceasefire between Israel and Hezbollah went into effect following heavy fighting, with Israel agreeing to the ceasefire to stop the war it has been fighting with the Iran-backed militant group in Lebanon for over a year. President Biden welcomed the news, calling for a permanent cessation of hostilities. The Israeli military campaign in Lebanon has resulted in thousands of casualties and displaced residents, with Israel stating they retain the right to attack Hezbollah if necessary.
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ECB cuts rates to 2.25% amid Trump trade war
The European Central Bank (ECB) has reduced its benchmark interest rate by a quarter-point to 2.25%, the lowest in over two years, in response to economic uncertainties stemming from US President Trump's trade war. This decision reflects a deteriorating growth outlook due to rising trade tensions, although the ECB's shift in language signals potential limits on future rate cuts. Despite Trump's temporary tariff delay, economists warn that his protectionist policies could still negatively impact the...
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