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German Chancellor Merz: Ukraine is in a new dominant position, and Russia cannot win militarily.

2026-06-15

German Chancellor Merz: Ukraine is in a new dominant position, and Russia cannot win militarily.

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2026-06-15

ECB President Lagarde said higher energy prices are starting to feed through to other parts of the economy, with indirect inflation effects visible across nearly all areas in recent weeks. The ECB last week delivered its first rate increase since 202

ECB President Lagarde said higher energy prices are starting to feed through to other parts of the economy, with indirect inflation effects visible across nearly all areas in recent weeks. The ECB last week delivered its first rate increase since 2023 after the Middle East conflict amplified price pressures; officials have not ruled out an immediate follow-up hike at the July meeting, with Bundesbank chief Nagel among those warning prices could remain elevated even if fighting involving Iran ends quickly. Lagarde acknowledged criticism—often from France—that tighter policy may curb growth, but said she must rein in inflation if it is reawakened because it would be harder and costlier to control later; prolonged inflation would be unacceptable for consumers and firms and a failure to meet her mandate.
2026-06-16

President Trump said the Strait of Hormuz was fully reopened on Friday and that all agreements have been signed.

President Trump said the Strait of Hormuz was fully reopened on Friday and that all agreements have been signed.
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