Why It's Too Early to Celebrate Plummeting US Inflation Rate
US Federal Reserve Governor Christopher Waller made it clear on Friday that he wants to further tighten the screws on US monetary policy despite dipping inflation in the country.
The inflation rate is continuing to decline in the US in an apparent sign that the Federal Reserve's efforts to cool the national economy with higher interest rates are working. So what is the current level of US inflation?
👉 Find out here
US Federal Reserve Governor Christopher Waller made it clear on Friday that he wants to further tighten the screws on US monetary policy despite dipping inflation in the country.
The inflation rate is continuing to decline in the US in an apparent sign that the Federal Reserve's efforts to cool the national economy with higher interest rates are working. So what is the current level of US inflation?
👉 Find out here
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🇮🇹 Italy's sovereign debt increased by 21.6 billion euros in February to reach an all-time high of 2.772 trillion euros ($3.075 trillion), the Bank of Italy said on Saturday.
The previous record was broken in June 2022, when Italy's sovereign debt first surpassed 2.77 trillion euros.
📉 One Italian newspaper described the growth of national debt as unbridled, saying that Italy in 2022 produced goods and services worth 1.909 trillion euros according to current prices, which has resulted in a whopping 145% ratio between Italy's GDP and debt.
📌 The president of the Italian national consumer union said, as cited in the report, that the current monetary policy of the European Central Bank and the ever increasing interest rates will contribute to the further growth of the state debt and aggravate social inequality.
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The previous record was broken in June 2022, when Italy's sovereign debt first surpassed 2.77 trillion euros.
📉 One Italian newspaper described the growth of national debt as unbridled, saying that Italy in 2022 produced goods and services worth 1.909 trillion euros according to current prices, which has resulted in a whopping 145% ratio between Italy's GDP and debt.
📌 The president of the Italian national consumer union said, as cited in the report, that the current monetary policy of the European Central Bank and the ever increasing interest rates will contribute to the further growth of the state debt and aggravate social inequality.
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🇺🇸 The recent leak of the Pentagon's classified documents has not affected the cooperation between the United States and its allies, US Secretary of State Antony Blinken said on Saturday.
🗣 "We have engaged with our allies and partners since these leaks came out and we have done so at high levels and we have made clear our commitment to safeguarding intelligence and our commitment to our security partnerships. What I've heard so far, at least, is an appreciation for the steps that we are taking, and it's not affected our cooperation, I just haven't seen that, haven't heard that," Blinken said during a press conference in Vietnam.
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🗣 "We have engaged with our allies and partners since these leaks came out and we have done so at high levels and we have made clear our commitment to safeguarding intelligence and our commitment to our security partnerships. What I've heard so far, at least, is an appreciation for the steps that we are taking, and it's not affected our cooperation, I just haven't seen that, haven't heard that," Blinken said during a press conference in Vietnam.
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Baerbock's Visit to China 'Reaffirmed Weakness of EU'
This week, German Foreign Minister Annalena Baerbock visited China to discuss various important political issues with the Chinese leadership.
During an interview with Sputnik, Tiberio Graziani said Baerbock’s visit essentially “reaffirmed” the weakness of the EU.
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This week, German Foreign Minister Annalena Baerbock visited China to discuss various important political issues with the Chinese leadership.
During an interview with Sputnik, Tiberio Graziani said Baerbock’s visit essentially “reaffirmed” the weakness of the EU.
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🇳🇱 The Netherlands has allocated 40 million euros ($44 million) to the World Bank's support program for Ukrainian farmers, Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher said on Saturday.
🗣 "This week we contributed EUR 40 million to the @Worldbank's @IFC_org [the International Finance Corporation]. This provides Ukraine's farmers access to finance, and ensures more food security," Schreinemacher said on Twitter.
📍 The International Finance Corporation is a member of the World Bank Group focused on raising private investments in developing countries.
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🗣 "This week we contributed EUR 40 million to the @Worldbank's @IFC_org [the International Finance Corporation]. This provides Ukraine's farmers access to finance, and ensures more food security," Schreinemacher said on Twitter.
📍 The International Finance Corporation is a member of the World Bank Group focused on raising private investments in developing countries.
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🤖 Elon Musk created a new artificial intelligence company that will be incorporated in Nevada, a recent filing has revealed.
▪️ The new company, called X.AI Corp., appears to be part of Musk's plan to make a rival effort to OpenAI, the company that launched ChatGPT in November, US media reported, citing state filings and researchers familiar with the billionaire's recruiting campaign.
▪️ The filing, which registers the firm as a domestic corporation in Las Vegas, lists Musk as its sole director and Jared Birchall as its secretary. Birchall is known for serving as Musk's right-hand deputy and fixer, having been at the helm of the tech giant's family office Excession.
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▪️ The new company, called X.AI Corp., appears to be part of Musk's plan to make a rival effort to OpenAI, the company that launched ChatGPT in November, US media reported, citing state filings and researchers familiar with the billionaire's recruiting campaign.
▪️ The filing, which registers the firm as a domestic corporation in Las Vegas, lists Musk as its sole director and Jared Birchall as its secretary. Birchall is known for serving as Musk's right-hand deputy and fixer, having been at the helm of the tech giant's family office Excession.
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US, Japan & South Korea Discuss Regularizing Military Drills to Counter Pyongyang
Top security officials from the United States, Japan, and South Korea in a joint statement said they discussed the regularization of military exercises to deter and respond to North Korea's missile threats.
Earlier in the day, North Korean state media reported that North Korean leader Kim Jong Un guided the first test-fire of the new-type Hwasongpho-18 solid-fuel intercontinental ballistic missile.
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Top security officials from the United States, Japan, and South Korea in a joint statement said they discussed the regularization of military exercises to deter and respond to North Korea's missile threats.
Earlier in the day, North Korean state media reported that North Korean leader Kim Jong Un guided the first test-fire of the new-type Hwasongpho-18 solid-fuel intercontinental ballistic missile.
Read more
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Putin Attends Orthodox Easter Service at Moscow Cathedral
Russian President Vladimir Putin has arrived at the Cathedral of Christ the Saviour, located a few hundred meters from the Kremlin, for the Orthodox Easter service.
The midnight mass is led by Patriarch Kirill of Moscow and All Russia. Moscow Mayor Sergey Sobyanin is also attending the Easter service.
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Russian President Vladimir Putin has arrived at the Cathedral of Christ the Saviour, located a few hundred meters from the Kremlin, for the Orthodox Easter service.
The midnight mass is led by Patriarch Kirill of Moscow and All Russia. Moscow Mayor Sergey Sobyanin is also attending the Easter service.
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Ukrainian troops have shelled the city of Donetsk overnight and some of the rockets fell near the cathedral, where the Orthodox Easter service was taking place, a Sputnik correspondent reports.
▪️ Ukrainian forces fired a total of 20 rockets at the Voroshilovsky District of Donetsk at around 03:25 a.m. local time on Sunday (00:25 GMT), the Donetsk People’s Republic's (DPR) mission to the Joint Center for Control and Coordination of issues related to Ukraine's war crimes (JCCC) said on Telegram.
▪️ A Sputnik correspondent reported that some of the rockets landed near the Svyato-Preobrazhenskyy cathedral in central Donetsk, where the Orthodox Easter service was taking place (Orthodox Christians are celebrating Easter this year on April 16).
▪️ People were forced to evacuate from the cathedral, according to the Sputnik correspondent.
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▪️ Ukrainian forces fired a total of 20 rockets at the Voroshilovsky District of Donetsk at around 03:25 a.m. local time on Sunday (00:25 GMT), the Donetsk People’s Republic's (DPR) mission to the Joint Center for Control and Coordination of issues related to Ukraine's war crimes (JCCC) said on Telegram.
▪️ A Sputnik correspondent reported that some of the rockets landed near the Svyato-Preobrazhenskyy cathedral in central Donetsk, where the Orthodox Easter service was taking place (Orthodox Christians are celebrating Easter this year on April 16).
▪️ People were forced to evacuate from the cathedral, according to the Sputnik correspondent.
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Former CIA Director: Marjorie Taylor Greene 'Not Fit to Hold Public Office'
During an interview, former CIA Director John Brennan criticized the actions of Rep. Marjorie Taylor Greene (R-Ga.) and argued that she is not fit to hold a public office due to her past and current comments.
He specifically mentioned her recent defense of Air National Guardsman Jack Teixeira, who was arrested and charged for leaking sensitive and classified military documents, including information about national security issues.
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During an interview, former CIA Director John Brennan criticized the actions of Rep. Marjorie Taylor Greene (R-Ga.) and argued that she is not fit to hold a public office due to her past and current comments.
He specifically mentioned her recent defense of Air National Guardsman Jack Teixeira, who was arrested and charged for leaking sensitive and classified military documents, including information about national security issues.
Read more
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Sputnik International
🇵🇱 The Polish Council of Ministers on Saturday authorized the heads of relevant agencies to temporarily ban grain imports from Ukraine, the Polish government said. ▪️ Earlier in the day, the Polish Cabinet held a meeting in Warsaw, where Agriculture Minister…
🇭🇺 Hungary has followed Poland's lead and banned imports of grains, oilseeds and a range of other agricultural products from Ukraine until June 30, 2023, Hungarian Agriculture Minister Istvan Nagy said on Saturday.
🗣 "The [Hungarian] government is committed to protecting the interests of the Hungarian farming community, so in the absence of any meaningful EU measures, it temporarily bans imports of grains and oilseeds, as well as several other agricultural products produced in or coming from Ukraine, into Hungary, as Poland did," the statement read.
📍 The ban is set to remain in place until June 30, 2023, according to the statement. By that time, Budapest expects the European Union to work out measures to support European farmers and revise the regulations on duty-free imports of agricultural products from Ukraine.
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🗣 "The [Hungarian] government is committed to protecting the interests of the Hungarian farming community, so in the absence of any meaningful EU measures, it temporarily bans imports of grains and oilseeds, as well as several other agricultural products produced in or coming from Ukraine, into Hungary, as Poland did," the statement read.
📍 The ban is set to remain in place until June 30, 2023, according to the statement. By that time, Budapest expects the European Union to work out measures to support European farmers and revise the regulations on duty-free imports of agricultural products from Ukraine.
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US Community College Enrollment Down Nearly 40 Percent Over Last Decade
Enrollment in community colleges has declined by nearly 40% since 2010. According to the National Student Clearinghouse Research Center, the number of students enrolled in public two-year colleges fell from seven million in 2010 to 4.5 million in 2022.
The low tuition rate of community colleges has helped low-income students achieve their academic goals. Additionally, community college students enjoy a sense of community, with many first-generation, low-income students finding a supportive environment.
Read more
Enrollment in community colleges has declined by nearly 40% since 2010. According to the National Student Clearinghouse Research Center, the number of students enrolled in public two-year colleges fell from seven million in 2010 to 4.5 million in 2022.
The low tuition rate of community colleges has helped low-income students achieve their academic goals. Additionally, community college students enjoy a sense of community, with many first-generation, low-income students finding a supportive environment.
Read more
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Biden Approves Alaska LNG Project, Angering Environmental Advocates
The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, reports media. The Department of Energy has approved the Alaska Gasline Development Corp project to export LNG to countries with which the US does not have a free trade agreement.
Supporters of the roughly $39 billion project expect it to be up and running by 2030 if it receives all necessary permits. The LNG would be exported mainly to Asian countries.
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The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, reports media. The Department of Energy has approved the Alaska Gasline Development Corp project to export LNG to countries with which the US does not have a free trade agreement.
Supporters of the roughly $39 billion project expect it to be up and running by 2030 if it receives all necessary permits. The LNG would be exported mainly to Asian countries.
Read more
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🇸🇩 The Sudanese army shared a video of 35 armed vehicles seized from the Rapid Support Forces camp in the southern city of ad-Damazin
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🇲🇽 At least twenty gunmen attacked visitors at the La Palma swimming resort in the Mexican state of Guanajuato, leaving seven people dead, media report.
▪️ The attack occurred in the municipality of Cortazar on Saturday. At least 20 attackers with assault rifles opened fire on people in the recreation area, local press said.
▪️ At least seven people (three women, three men and one child) were killed as a result. The gunmen reportedly took some of the security cameras from the resort with them before fleeing.
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▪️ The attack occurred in the municipality of Cortazar on Saturday. At least 20 attackers with assault rifles opened fire on people in the recreation area, local press said.
▪️ At least seven people (three women, three men and one child) were killed as a result. The gunmen reportedly took some of the security cameras from the resort with them before fleeing.
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Murder of Orient Express? Luxury Train Operator to Drop UK Service Due to Brexit Security Checks
The operator of the Venice Simplon-Orient-Express (VSOE) luxury train has cut the UK leg of the trans-European route due to Channel crossing delays caused by Brexit-related biometric passport checks, according to a British newspaper.
The Belmond company has decided to scrap the London-to-Folkestone section of the legendary journey because the new checks significantly complicate the process of crossing the UK border to Calais, France.
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The operator of the Venice Simplon-Orient-Express (VSOE) luxury train has cut the UK leg of the trans-European route due to Channel crossing delays caused by Brexit-related biometric passport checks, according to a British newspaper.
The Belmond company has decided to scrap the London-to-Folkestone section of the legendary journey because the new checks significantly complicate the process of crossing the UK border to Calais, France.
Read more
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Brazilian President Warns US Against 'Encouraging' Ukraine Conflict
Brazilian President Luiz Inacio Lula da Silva has warned Washington against further instigating the conflict in Ukraine, where Russia continues its special military operation.
He told reporters after his talks with Chinese President Xi Jinping in Beijing that "the United States needs to stop encouraging war and start talking about peace."
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Brazilian President Luiz Inacio Lula da Silva has warned Washington against further instigating the conflict in Ukraine, where Russia continues its special military operation.
He told reporters after his talks with Chinese President Xi Jinping in Beijing that "the United States needs to stop encouraging war and start talking about peace."
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🇦🇷 More than 40,000 cases of dengue fever have been registered in Argentina since January 1, the country's health ministry said on Sunday.
💬 "The Ministry of Health informs [you] that up to the epidemiological week 14 of the year 2023, 41,257 cases of dengue have been registered in the country, of which in 37,914 cases the infection took place within Argentina," the ministry said in a statement.
📍 Dengue fever is a viral infection transmitted through mosquito bites. According to the World Health Organization, there is no specific treatment for the fever, and the vaccine against it is only recommended for people with a history of dengue infection. There are four serotypes of the virus, which means that one can get infected with four different types of dengue.
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💬 "The Ministry of Health informs [you] that up to the epidemiological week 14 of the year 2023, 41,257 cases of dengue have been registered in the country, of which in 37,914 cases the infection took place within Argentina," the ministry said in a statement.
📍 Dengue fever is a viral infection transmitted through mosquito bites. According to the World Health Organization, there is no specific treatment for the fever, and the vaccine against it is only recommended for people with a history of dengue infection. There are four serotypes of the virus, which means that one can get infected with four different types of dengue.
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🇬🇧 UK Prince Harry had a heart-to-heart conversation with his father, King Charles III, before agreeing to attend his upcoming coronation, the British tabloid reported on Sunday, citing sources.
▪️ Earlier in the week, Buckingham Palace issued a statement saying Prince Harry would attend the coronation, but his wife Meghan Markle would remain in California with their children. Previously, the couple did not want to come to the coronation because Buckingham Palace refused to invite one-year-old Princess Lilibet and Prince Archie, who turns four the same day as the king is crowned, to the event.
📌 The sources said the king and the prince had a heart-to-heart talk before the latter agreed to attend the ceremony, and there was a "willingness and wanting to mend on both sides."
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▪️ Earlier in the week, Buckingham Palace issued a statement saying Prince Harry would attend the coronation, but his wife Meghan Markle would remain in California with their children. Previously, the couple did not want to come to the coronation because Buckingham Palace refused to invite one-year-old Princess Lilibet and Prince Archie, who turns four the same day as the king is crowned, to the event.
📌 The sources said the king and the prince had a heart-to-heart talk before the latter agreed to attend the ceremony, and there was a "willingness and wanting to mend on both sides."
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📹 The Pacific Fleet's Air Defense enters combat duty, positioned in new areas, as part of the Pacific Fleet's snap combat readiness inspection (video by Russian MoD)
▪️ S-400 SAM systems, Pantsir-S AAMGS, and radar stations with various operating ranges were alerted for air defense in the new positioned areas to repel any air attack in the district.
▪️ During the marches, the personnel trained to repel attacks by the sabotage and reconnaissance groups of a mock enemy, as well as detect aerial targets using Pantsir-S systems.
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▪️ S-400 SAM systems, Pantsir-S AAMGS, and radar stations with various operating ranges were alerted for air defense in the new positioned areas to repel any air attack in the district.
▪️ During the marches, the personnel trained to repel attacks by the sabotage and reconnaissance groups of a mock enemy, as well as detect aerial targets using Pantsir-S systems.
Subscribe to @SputnikInt
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Bavaria Urges Germany's Federal Government to Devolve Nuclear Power Plant to Local Control
The German state of Bavaria is urging the federal government to grant it decision-making autonomy on the future of the recently-deactivated Isar 2 nuclear power plant, Bavarian Prime Minister Markus Soeder said on Sunday.
On Saturday, Germany switched off its last three functioning nuclear power plants — Isar 2, Emsland and Neckarwestheim 2 — as a part of the country's nuclear phase-out policy.
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The German state of Bavaria is urging the federal government to grant it decision-making autonomy on the future of the recently-deactivated Isar 2 nuclear power plant, Bavarian Prime Minister Markus Soeder said on Sunday.
On Saturday, Germany switched off its last three functioning nuclear power plants — Isar 2, Emsland and Neckarwestheim 2 — as a part of the country's nuclear phase-out policy.
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