Policymakers, including Christine Lagarde of the European Central Bank, are facing significant uncertainty due to escalating trade tensions and shifting geopolitical dynamics, as exemplified by the European Commission and Canada imposing tariffs on U.S. imports in response to Trump administration levies. This unpredictability makes it challenging for central bankers to maintain inflation at the 2 percent target. European leaders are grappling with the changing international order and are considering increased military spending and borrowing for defense and infrastructure investments to navigate the uncertain landscape.
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Israeli forces to seize ‘large areas’ of Gaza
Israeli forces are intensifying their offensive in Gaza, with plans to seize large areas and create buffer zones, causing concern among officials and aid groups over the humanitarian crisis. Defence minister Israel Katz announced the renewed fighting and evacuation of Gaza's population, urging Palestinians to turn against Hamas. The offensive, in response to Hamas's attack on Israel, has already displaced thousands and left much of Gaza in ruins, with the situation worsening as resources dwindle...
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