Author: Euronews

The European Central Bank is expected to cut interest rates by 25 basis points at its 6 June meeting, reducing the main refinancing rate to 4.25%, the marginal lending rate to 4.50%, and the deposit rate to 3.75%. ADVERTISEMENTThe European Central Bank is expected to cut interest rates at its June 6 meeting, as widely signalled in recent weeks by its policymakers.The interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility are anticipated to drop by 25 basis points to 4.25%, 4.50%, and 3.75%, respectively.This will mark the first cut since March 2016 for…

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Bavaria’s state premier Markus Söder described the flooding as a “catastrophe” but praied cooperation between the police, fire service and Red Cross. ADVERTISEMENTRescue operations have continued in southern Germany as heavy rain continues to lash the region, causing floodwaters to rise and prompting the evacuation of thousands of residents.Baden-Württemberg and Bavaria have been particularly badly affected with several communities subject to state of emergency orders and in some cases entire villages evacuated.Meteorologists estimate that some areas have received more rainfall in 24 hours that they normally average across a month.Visiting one of the towns affected, Germany’s vice chancellor Robert Habeck…

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Polish authorities have arrested 18 individuals, alleging involvement in hostile activities for Russia and Belarus, including plans to assassinate Ukraine’s President Zelenskyy. ADVERTISEMENTPoland has arrested 18 people on allegations of pursuing hostile activities or planning sabotage on behalf of Russia and Belarus, the interior minister said on Monday.The allegations including plans to assassinate Ukraine’s President Volodymyr Zelenskyy.Ten of those arrested since December were directly involved in planning various forms of sabotage across Poland, Interior Minister Tomasz Siemoniak told a news conference.Polish authorities have linked some recent arsons or attempted arsons to Russian-sponsored agents. Polish, Belarusian and Ukrainian nationals are among…

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Georgia’s “foreign agents” bill, sparking protests and a presidential veto over concerns for media freedom and EU membership aspirations, is defended by the ruling Georgian Dream party but still faces calls for abandonment from the EU and US. ADVERTISEMENTGeorgia’s Speaker of the Parliament Shalva Papuashvili signed the contentious “foreign agents” bill into law on Monday, sparking significant opposition and weeks of protests from critics who argue it threatens media freedom and jeopardises Georgia’s European Union aspirations.Papuashvili’s endorsement followed the ruling Georgian Dream party’s repeal of President Salome Zourabichvili’s veto in a parliamentary vote last Tuesday. The legislation mandates that media…

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