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Hard Numbers: ECB hikes rates, US seizes crypto-ransoms, Argentina plays with fire, jet stream breaks up

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.

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Russian President Vladimir Putin meets with journalists to comment on new U.S. sanctions targeting two major Russia's oil producers, as well as other international issues, in Moscow, Russia, October 23, 2025.
Sputnik/Alexander Shcherbak/Pool via REUTERS

The US has paused Russian oil sanctions in a bid to stabilize energy markets rocked by the war with Iran. Administration officials stress that it’s a “tailored” measure, applying only to oil already loaded onto tankers, but it’s still a gift to Russia, which has already been clocking an extra $150 million daily in oil revenues since the war began.

A Boeing C-135 Stratotanker / Stratolifter military aircraft known as KC-135 of the United States Air Force USAF configured as Air Tanker Transport for aerial refueling, powered by 4x CFMI jet engines and tail number 63-8003. The military plane spotted flying over the Netherlands in the blue sky from Mainland USA to Tel Aviv TLV to support the Israel USA - Iran war known as Operation Epic Fury by the US Department of Defense. Venlo, the Netherlands on March 2, 2026
Photo by Nicolas Economou/NurPhoto

4: The number of crew members aboard a US refuelling plane – out of six total – who died after the aircraft crashed in neighboring Iraq on Thursday, US Central Command said this morning.