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Hard Numbers: ECB hikes rates, US seizes crypto-ransoms, Argentina plays with fire, jet stream breaks up
ECB President Christine Lagarde during a news conference in Frankfurt, Germany.
REUTERS/Wolfgang Rattay
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.In his latest “ask ian,” Ian Bremmer says the fight for Senate control is driving Democrats to make tough political tradeoffs as primary season unfolds.
In his latest Quick Take, Ian Bremmer says the Iran ceasefire is “holding on by a thread” as renewed strikes and proxy attacks undermine hopes for a broader deal.
No elected official in the country has ever taken maternity leave before.
Armenia's Prime Minister Nikol Pashinyan has won a commanding election victory on a pro-Western platform, cementing the country's pivot away from Moscow with fresh deals signed with Washington this year.