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Eurozone inflation slows sharply in May
Inflation in the eurozone eased in May to its lowest level in eight months, back below the European Central Bank's two-percent target, further raising expectations for another interest rate cut this week. The ECB is expected to deliver its seventh-straight interest rate cut Thursday as the United States' volatile trade policies hang over the sluggish eurozone economy.
Trump, Xi will 'likely' talk this week: White House
US President Donald Trump and China's President Xi Jinping will likely hold a long-awaited call later this week, the White House said Monday, as trade tensions between the world's two biggest economies ratchet back up.
Trade war cuts global economic growth outlook: OECD
The OECD slashed its annual global growth forecast on Tuesday, warning that US President Donald Trump's tariffs blitz will stifle the world economy -- hitting the United States especially hard. While annual inflation is expected to "moderate" among the Group of 20 economies to 3.6 percent in 2025 and 3.2 percent in 2026, the United States is "an important exception".
Asian markets rise as traders eye possible Trump-Xi talks
Asian stocks rallied Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries' leaders will hold talks soon. And Japanese trade point man Ryosei Akazawa is eyeing another trip to Washington for more negotiations amid speculation of a deal as early as this month.
Coral-rich Greek archipelago hopes to gain from trawler ban
As a reddish dawn broke over the tiny, coral-rich Greek archipelago of Fournoi, Manolis Mytikas's wooden fishing boat slowly glided home, his nets almost empty. Last month, the Greek government banned bottom trawling in the waters around the archipelago, to protect a recent discovery of exceptionally rich coral reefs.
Lebanon on bumpy road to public transport revival
On Beirut's chaotic, car-choked streets, Lebanese student Fatima Fakih rides a shiny purple bus to university, one of a fleet rolled out by authorities to revive public transport in a country struggling to deliver basic services. In the capital, university student Fakih encouraged everyone to take public buses, "also to protect the environment".
Aiming a blow at narcos, Colombia pays farmers to uproot coca
With cocaine production at an all-time high, Colombia's government is testing a pacific approach to its narcotics problem: paying farmers to uproot crops of coca, the drug's main ingredient. With high stakes for its crop replacement gamble, observers fear the government may be taken advantage of.
US judge cancels planned Boeing trial over 737 crashes
A US federal judge on Monday cancelled the planned trial of US aviation giant Boeing over crashes of its 737 MAX aircraft that left nearly 350 people dead. The case dates to a January 2021 Justice Department agreement with Boeing that settled charges that the company knowingly defrauded the Federal Aviation Administration during the MAX certification.
Swiss glacier collapse could cost huge sums: insurers
The dramatic collapse of Switzerland's Birch glacier, which wiped out a village, is an unprecedented disaster likely to cost hundreds of millions of dollars, the Swiss Insurance Association said Monday. On Wednesday, the Birch glacier collapsed, sending scree, ice and mud hurtling down into the Lotschental valley in Switzerland's southern Wallis region.
AFP
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