Author: France 24

The European Central Bank has decided to lower its benchmark interest rates by 0.25%  from a record high, effective June 12th. However, the ECB also revised its outlook for the coming months and said it no longer believed inflation would hit its target of 2% this year, but instead would average at around 2.2%. Plus, Ireland losing hundreds of young doctors every year as they emmigrate to Australia, in search of better working conditions.  Source link

Read More

As the world marks the 80th anniversary of the D-Day landings, the historic moment is also remembered as a catalyst for the turning of economic tides. A series of post-war events and decisions such as the Bretton Woods Conference heralded a new era for economic cooperation and financial order. We also look at the United States’ role in rehabilitating Europe with its Marshall Plan: aid worth an estimated $140 billion in today’s money. Source link

Read More

Israel said it would soon decide whether to launch an offensive in Lebanon, where it has clashed with the Iran-backed group Hezbollah for months. Steven A. Cook, a Senior fellow for Middle East Studies at the Council on Foreign Relations tells FRANCE24’s Monte Francis that Hezbollah’s large stores of rockets, missiles and precision munitions pose a bigger threat to the general Israeli public than the actions of Hamas on October 7th. Source link

Read More

After delays and over $1.4 billion dollars of cost overruns, Boeing has finally launched its first crewed spacecraft to orbit. The CST-100 Starliner capsule lifted off from Cape Canaveral in Florida, carrying veteran NASA astronauts Barry “Butch” Wilmore and Sunita “Suni” Williams. After being hit with a series of safety scandals in its commercial jetliner business, Boeing is hoping to catch up with its rival SpaceX that’s been shuttling astronauts to and from the ISS since 2020.  Source link

Read More

As commemorations marking the 80th anniversary of the Allied landings take place in Normandy, film critic Lisa Nesselson tells us about her favorite D-Day classics – from star-studded extravaganza “The Longest Day” to Steven Spielberg’s “Saving Private Ryan”. Plus, Jessica Chastain and Peter Sarsgaard star in “Memory”, a harsh tale about what happens when suppressed memories meet early-onset dementia. Finally, Lisa tells us about Roman Polanski’s latest film “Palace Hotel”, which she was surprised to enjoy after it was eviscerated by other critics. Source link

Read More