It's the second major march in the Belgian capital denouncing the far-right since the EU elections on June 9th which saw right, far-right and populist parties winning big at the polls.
Credit: euronews (in English) Duration: 01:25Published
European Union diplomat Johan Floderus and another man, Saeed Azizi, were released by Iran in exchange for Iranian national Hamid Nouri who was convicted in Stockholm of committing war crimes over his part in 1988 mass executions in the Islamic Republic.
Credit: euronews (in English) Duration: 01:00Published
The European Central Bank's "historic" interest rate cut and the European Union's food challenges - both in agricultural production and food waste - are this week's top topics.
Credit: euronews (in English) Duration: 07:00Published
European Central Bank , Cuts Interest Rates.
The action was confirmed on June 6 at
the central bank's meeting, CNBC reports. .
The European Central Bank's (ECB) key
rate will go from 4% down to 3.75%.
The ECB Governing Council issued a statement.
Based on an updated assessment of
the inflation outlook, the dynamics of
underlying inflation and the strength
of monetary policy transmission, , ECB Governing Council, via statement.
... it is now appropriate to
moderate the degree of monetary
policy restriction after nine months
of holding rates steady, ECB Governing Council, via statement.
This is the first time that interest rates
have been cut since September 2019. .
Updated macroeconomic projections indicate that 2024's "annual average headline inflation outlook" has been increased from 2.3% to 2.5%, CNBC reports.
For 2025, it was raised from 2% to 2.2%.
The projection for 2026 stayed at 1.9%.
The ECB's next meeting is in July, where another rate cut is unlikely, experts say.
The slight upgrade to the inflation forecast
was to be expected, inflation has been printing
a little bit hotter than markets were expecting,
but in terms of the timing of the next cut
Iād still be looking to September, Dean Turner, chief euro zone economist at
UBS Global Wealth Management, to CNBC.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
The U.S. Federal Reserve continues
to battle America's rate of inflation.
Credit: Wibbitz Top Stories Duration: 01:31Published
![4,500 people march through Brussels in protest against right-wing ideology [Video]](https://video.newsserve.net/300/v/20240617/1378767908-500-people-march-through-Brussels-in-protest.jpg)
![EU leaders meet in Brussels to divvy up top jobs. These are the frontrunners [Video]](https://video.newsserve.net/300/v/20240617/1378767912-EU-leaders-meet-in-Brussels-to-divvy-up.jpg)
![Two Swedish citizens released by Iran reunited with families in Stockholm [Video]](https://video.newsserve.net/300/v/20240617/1378767598-Two-Swedish-citizens-released-by-Iran-reunited-with.jpg)
![France: will Marine Le Pen's far-right party perform as well in the legislative as in the EU elections? [Video]](https://video.newsserve.net/300/v/20240615/1378642202-France-will-Marine-Le-Pen-far-right.jpg)
![Brussels, my love? French politics stirs up Brussels [Video]](https://video.newsserve.net/300/v/20240615/1378621416-Brussels-my-love-French-politics-stirs-up-Brussels.jpg)
![State of the Union: Low interest rates and food challenges [Video]](https://video.newsserve.net/300/v/20240607/1377788912-State-of-the-Union-Low-interest-rates-and.jpg)
![European Central Bank Cuts Interest Rates [Video]](https://video.newsserve.net/300/v/20240606/1377665674-European-Central-Bank-Cuts-Interest-Rates.jpg)
