We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
ECB President Christine Lagarde during a news conference in Frankfurt, Germany.
11: Faced with the highest inflation in the EU’s history, the European Central Bank on Thursday raised interest rates by half a percentage point. It’s the first hike in 11 years, bringing the rate to zero (the ECB had been running negative rates for almost a decade to spur sluggish growth).
500,000: The US has seized $500,000 worth of Bitcoin from North Korean hackers who amassed the funds by using ransomware attacks to extort US hospitals and other medical providers.
40: To reduce crippling budget deficits, Argentina will hike public transportation fares in the capital, Buenos Aires, by a whopping 40% next month. The decision was taken without input from the public and comes as annual inflation runs at 70%. Argentines know what happened when their neighbors in Chile tried to do this, right?
5: The scorching temperatures currently hitting vast parts of the US, the EU, and China have a common origin: a high-altitude air current configuration known as wavenumber 5, because it forms when the jet stream splits into five separate airwaves. Scientists are studying it closely, as well as a related 7-wave pattern and the dreaded “Omega Wave,” which also causes extreme heat.
