Hurricane Beryl has emerged as a formidable force, becoming the strongest hurricane ever recorded in the month of July. This extreme weather event has set a precedent not just for July, but has also rewritten the record books for June. As people’s lives are upended in the Caribbean, the urgency to acknowledge and address the
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In a recent address, Federal Reserve Chair Jerome Powell reflected on the substantial progress made regarding inflation over the past year. While acknowledging positive strides, he remained cautious about prematurely cutting interest rates. Powell emphasized the importance of ensuring that inflation is on a sustainable downward trend towards the target rate of 2%, stating, “We’ve
The enforcement of antitrust regulations in the European Union has reached a significant crossroads with the recent accusations against Meta, the parent company of Facebook, regarding its ad-supported social networking service. As part of its ongoing commitment to curb anti-competitive behavior among tech giants, the European Commission has scrutinized Meta’s model. By analyzing these developments,
As French citizens prepare for the first round of a snap parliamentary election on Sunday, the stakes have never been higher. The potential ascendance of the far-right National Rally (RN) party to the forefront of French politics has raised alarms and questions across the political spectrum. Analysts suggest that this election, called after President Emmanuel
The fashion retail giant H&M experienced a significant setback on Thursday, with its shares falling over 14% during early trading. This sharp decline was triggered by the company’s announcement of a smaller-than-anticipated increase in its second-quarter profits. Investors reacted swiftly to the news, worried about the company’s ability to meet its sales forecasts and their