Germany's 'debt brake' rule helped collapse its government — and it could be about to change

The European Central Bank has reduced its main interest rate to 2.25%, marking the third cut this year, in response to slowing growth in the eurozone and the effects of US border taxes. This quarter-point reduction aligns with expectations from City economists and aims to mitigate the impact of tariffs imposed on EU imports into the US. The bank's decision reflects ongoing economic challenges faced by the 20-member euro area. Full Article

In the lead-up to the federal election, polling indicates a tightening race between Mark Carney's Liberals and Pierre Poilievre's Conservatives, a shift from the latter's previous strong lead. As the campaign progresses, skepticism arises regarding the accuracy of polls, especially given Poilievre's large rallies and Carney's campaign controversies. Various polls reflect differing support levels, with Carney seen as better equipped to handle international issues, while Poilievre is perceived as stronger on domestic concerns, raising questions...

This Easter weekend, pollen levels are expected to rise significantly, with the Met Office warning of 'very high' counts in parts of England and Scotland, particularly in the East and West Midlands, London, and South East. Those prone to hay fever should prepare for heightened symptoms, especially as tree pollen season begins, affecting 10% to 30% of adults and 40% of children. Fortunately, Scotland will experience 'low' pollen levels, providing some relief by Sunday when...

Decision on Harvard's tax-exempt status expected soon - reports The IRS is considering revoking Harvard University's tax-exempt status, with a decision anticipated shortly, following requests from the treasury department. Secretary of Education Linda McMahon noted the merit of investigating elite institutions with large endowments. Meanwhile, Donald Trump has publicly called for Harvard to lose its tax-exempt status, threatening the university's funding and admissions policies, amid ongoing tensions over its political stance and alleged antisemitism. Full...

Russia has lifted its 20-year ban on the Taliban, which it had previously designated as a terrorist organization, allowing for the potential normalization of relations with Afghanistan's current leadership. This decision comes as Russia seeks to combat security threats from Islamist militant groups, particularly after a deadly attack in March 2024 linked to ISIS-K. However, the Taliban's path to international recognition remains hindered by its policies on women's rights, as it imposes restrictions on education...

Auckland faced significant disruptions as Cyclone Tam brought strong winds and heavy rain, resulting in power cuts and falling trees. A mother and daughter narrowly avoided injury when a tree fell on their car, while an elderly couple was trapped in their Mairangi Bay home due to a fallen tree. MetService has issued warnings for continued adverse weather conditions across the North Island. Full Article