Israeli airstrikes targeted Houthi-held areas in Yemen, including the capital and multiple ports, damaging infrastructure and injuring a U.N. crew member. The strikes were in response to recent Houthi missile attacks on Israel. The U.N. has expressed concern about the impact on humanitarian aid for Yemen. Israel has also targeted the Houthis in recent days, with the U.N. Security Council scheduled to discuss the situation. Additionally, five Palestinian journalists were killed in a separate Israeli strike in Gaza, with Israel claiming they were militants posing as reporters.
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Lagarde signals ECB rate-cutting ‘nearly concluded’
The European Central Bank (ECB) has reduced borrowing costs by a quarter point to 2% as it approaches the end of its rate-cutting cycle amid uncertainties from Donald Trump's trade war. ECB President Christine Lagarde emphasized the bloc's strong position to handle these uncertainties, while also discussing the potential for her to shorten her term for a role in the World Economic Forum. The ECB lowered its inflation outlook to 2% for this year, with...
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