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The euro fell to a 17-month low as investors reassessed the region’s fiscal and political outlook amid rising uncertainty in Spain and France. The move underscores how quickly domestic instability in two of the euro area’s largest economies can spill into currency and bond markets, complicating the European Central Bank’s policy path.
The euro fell to a 17-month low as investors reacted to mounting political and fiscal uncertainty in Spain and France, two of the euro area’s most important economies. The selloff underscores how domestic instability in core and peripheral member states can quickly spill into currency markets and complicate the European Central Bank’s policy outlook.
Annual inflation in the euro area accelerated to 3.8% last month, the highest reading since September 2023, as surging energy costs pushed price pressures back to the forefront of the bloc’s economic debate. The latest figure complicates the European Central Bank’s path on interest rates, underscoring how fragile the disinflation process remains even after months of easing headline inflation.
Six people, including a British national and four American holidaymakers, were killed when an explosion destroyed a three-storey building in Athens' historic Plaka district, close to the Acropolis. Greek authorities suspect a gas leak caused the blast, which also damaged nearby buildings and prompted emergency crews to search the rubble for survivors before all six bodies were recovered.
Greek authorities are investigating a deadly explosion and building collapse in central Athens that killed six people, including four American tourists, in the city's historic Plaka district near the Acropolis. The blast ripped through an apartment building in one of Athens' most visited neighborhoods, raising urgent questions about the cause and the safety of older structures in the capital's crowded tourist core.
The Federal Reserve Board on Thursday announced a new written agreement with SouthPoint Bancshares, Inc. of Birmingham, Alabama, while also terminating a cease-and-desist order that had been in place since 2017 against Deutsche Bank AG, DB USA Corporation and Deutsche Bank AG New York Branch. The paired actions highlight the central bank's continuing supervisory pressure on weaker institutions even as it closes out a major enforcement case involving one of Europe's largest lenders.
Belgium and the World Health Organization used a three-day strategic dialogue to review their long-running partnership and align priorities around universal health coverage, stronger health systems and fairer access to medicines, vaccines and health technologies. The talks also examined pandemic preparedness, the One Health approach, and WHO's field response in crises such as Gaza and Senegal, underscoring Belgium's continued role as a major supporter of global health initiatives.
Luxembourg has signed two strategic agreements with the World Health Organization, including a €46.5 million partnership framework and the country's first voluntary €1 million contribution to WHO. The deals, announced in December 2024, deepen a long-running relationship and target health-system resilience, crisis preparedness, gender-focused equity, and disease eradication efforts through 2028.
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