Bank of England lifts rates by half percent to 1.75 percent

The Bank of England Thursday raised its benchmark interest rates by 50 basis points to 1.75 percent, marking the largest interest rate hike since the central bank gained independence in 1997. “Inflationary pressures in the United Kingdom and the rest of Europe have intensified significantly since the May Monetary Policy Report and the MPC’s previous […]

Continue Reading

Italy prepares anti-inflation package worth €14.5bn

Belgium, (Brussels Morning Newspaper) Italy is preparing a new anti-inflation package of measures worth roughly 14.5 billion euros to help citizens and companies cope with inflation. The package comes on top of aid worth roughly 33 billion euros prepared since January to cushion the blow of soaring prices, according to Reuters reporting on Thursday. The […]

Continue Reading

EC approves Italy’s revised aid plan for MPS bank

Belgium, (Brussels Morning Newspaper) The European Commission approved Italy’s revised aid plan for Banca Monte dei Paschi di Siena (MPS). The body pointed out in a statement on Tuesday that the revised plan replaces original commitments which were the basis for approving precautionary recapitalisation of the bank. It reminded that Italy submitted its plan to […]

Continue Reading

Commission urges EU countries to safely reuse water in agriculture

“Freshwater resources are scarce and increasingly under pressure. In times of unprecedented temperature peaks, we need to stop wasting water and use this resource more efficiently to adapt to the changing climate and ensure the security and sustainability of our agricultural supply,” said Commissioner for the Environment, Fisheries and Oceans Virginijus Sinkevičius. Continue reading Commission […]

Continue Reading

Europe Wildfires: A major Security Threat

States should have already invested in firefighting planning and infrastructure. For citizens to experience the same disaster every year is a political responsibility. The civil protection departments of the member states were aware at the UN level of the upcoming disaster and still refused to invest further. Mobilizing the mechanism after the wildfire appears, is […]

Continue Reading

The Future of Security in Space

In contrast to official conversations between NASA and Roscosmos, Russian space commander Borisov’s comments mirrored those of his predecessor, Dmitry Rogozin, who occasionally signaled an intention to leave the space station throughout his tenure. Continue reading The Future of Security in Space at Brussels Morning Newspaper.

Continue Reading