A ceasefire between Israel and Hezbollah in Lebanon went into effect, ending almost 14 months of fighting. Celebratory gunfire marked the start of the truce, but Israeli airstrikes continued up to the ceasefire. The deal, brokered by the U.S. and France, aims to restore calm and allow residents to safely return to their homes. The conflict has led to casualties, displacement, and significant damage in both countries, with Israel having fulfilled its military objectives against Hezbollah. Residents are eager to return home, but Israel is urging caution due to the need for renovation before residents can come back.
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Eurozone inflation rose to ECB’s 2% target in June
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...
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