Europe, Trump and interest rates
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3hon MSN
Lower inflation and concern that U.S. President Donald Trump's trade war will slow already modest growth have cleared the way for the European Central Bank to cut interest rates at Thursday's policy meeting,
The European Central Bank cut interest rates by a quarter-percentage point for the eighth time this cycle on Thursday, the latest attempt to help a euro area economy hit by the President Trump's trade war.
It was the eighth rate cut in the past year as officials try to steer Europe’s economy through “exceptional” uncertainty.
The Trump administration is planning to move Greenland from the purview of U.S. European Command to U.S. Northern Command, several U.S. officials told CBS News. Moving Greenland to Northern Command, which is in charge of defending the homeland,
Officials fear that the US president will play the big issues off against each other over five weeks of wide-ranging talks
Europe has the money and the artillery shells, but key U.S. capabilities like operational intelligence and air defense would be difficult to replace.
Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more interest rate cuts from the European Central Bank.
5don MSN
Trump administration officials, MAGA influencers and far-right leaders gathered in Poland and Hungary this week for CPAC, the Conservative Political Action Conference.
President Emmanuel Macron of France and Prime Minister Giorgia Meloni of Italy have regularly sniped at each other, but they met in Rome in pursuit of common goals.