The energy shock is further slowing economic growth and fuelling prices. The DIW institute has halved its growth forecast. Fiscal expansion may soften inflation but cannot fully offset it.
A new report finds close to half of American families did not earn enough to cover necessities in 2024. And with prices continuing to rise, there's little sign that's changed.
Hong Kong charged seven people and two companies over the world's deadliest residential building fire in decades. The Wang Fuk Court blaze, which killed 168 people at a public housing estate last year, prompted a months-long investigation into the cause. The charges included manslaughter, conspiracy to defraud, 'money laundering', attempting to pervert the course of public justice, and tax evasion.
European leaders António Costa and Ursula von der Leyen are hosting South Korean President Lee Jae Myung for the EU-Republic of Korea summit. They say hospitality begins at home, and Brussels is putting that to the test this week. European leaders António Costa and Ursula von der Leyen are hosting South Korean President Lee Jae Myung for the EU-Republic of Korea summit.
