World
EU economy to ‘narrowly’ avoid a recession as inflation peak passes
The European Union’s financial system is ready to “narrowly” keep away from a much-dreaded recession this 12 months, as inflation eases and fuel costs proceed their steep drop, paving the way in which for better-than-expected financial efficiency, the European Fee has stated in its newest forecast.
The report, launched on Monday morning, presents a glimmer of fine information amid a nonetheless extremely unsure and difficult panorama that is still intrinsically depending on what step Russia takes subsequent in its brutal invasion of Ukraine, which is nearing its one-year anniversary.
Nonetheless, the European Fee is ready to undertaking the EU as a complete will see a progress price of 0.8% in 2023 – up from 0.3% within the earlier forecast.
The eurozone will in the meantime increase by 0.9% – up from the 0.3% estimated in autumn.
“Whereas uncertainty surrounding the forecast stays excessive, dangers to progress are broadly balanced,” the report says.
Among the many 27 member states, Sweden is the one one which reveals a detrimental quantity for this 12 months (–0.8%) whereas the remainder current restricted however optimistic progress.
Germany and Italy, two nations that had been extremely depending on Russian fossil fuels and broadly anticipated to fall right into a deep recession, have projected charges of 0.2% and 0.8%, respectively.
A technical recession is outlined as two-quarters of financial contraction, one thing that may nonetheless occur in some nations even when the ultimate quantity for 2023 finally ends up being optimistic.
For his or her half, France will develop by 0.6% whereas Spain will improve by 1.4% throughout 2023.
On inflation, the European Fee believes the record-breaking peak has handed and costs will step by step comply with the downward pattern that started late final 12 months.
Inflation within the eurozone is projected to fall to five.6% in 2023 and to 2.5% in 2024, bringing the determine nearer to the two% annual goal set by the European Central Financial institution.
However, the chief warns, core inflation, which excludes the risky costs of vitality and meals, “has not but peaked.”
“Dangers to inflation stay largely linked to developments in vitality markets, mirroring a few of the recognized dangers to progress,” the report says.
The European Fee’s winter forecast builds on a sequence of projections that in current weeks have improved the outlook for the bloc, together with these from the Worldwide Financial Fund, J.P. Morgan and Goldman Sachs, which have pushed away the specter of recession.
World
Ron Ely, Star of TV’s Tarzan, Cause of Death Revealed
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World
Scientists study ‘very rare’ frozen remains of 35,000-year-old saber-toothed cub
A mummified saber-toothed cub of a catlike animal dating back 35,000 years was left almost perfectly preserved in Siberia’s permafrost.
The remains had been found back in 2020, northeast of Yakutia, Russia. Research regarding the study of the cub was published in the journal Scientific Reports on November 14, 2024.
The discovery of frozen remains from the Late Pleistocene period is “very rare,” according to the published research, though most discovered in Russia lie in the Indigirka River basin, the authors note.
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The mummified cub remained well-preserved, frozen in time for thousands of years. The frozen nature of this find left it in impressive condition, even still containing fur.
“The mummy body is covered with short, thick, soft, dark brown fur with hair about 20–30 mm long,” the authors wrote in the published research, also pointing out that the fur that was located on the back and neck of the cub was longer than the hair that was found on the legs.
The head of the mummy was also left well-preserved, down to its chest, front arms and paws.
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The study of this find wasn’t just a unique opportunity for scientists, it also provided first-of-its kind research.
“For the first time in the history of paleontology, the appearance of an extinct mammal that has no analogues in the modern fauna has been studied,” the authors of the study explained.
The scientists determined that the cub had died at about three weeks old. It was identified by the authors of the study as belonging to the species Homotherium latidens and had many differentiations from a modern lion cub of a similar age.
The shape of the muzzle displayed by the mummified cub, which had a large mouth and small ears, plus a “massive” neck, long forelimbs and a darker colored coat, were all among key differences from today’s modern lion cubs that scientists observed.
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Scientists also worked in their research to find out how the extinct species was able to survive through frigid temperatures.
Large contributors to their survival were the shape of the large paws and absence of carpal pads. Scientists believe these elements helped them get through the snow.
In recent years, there have been other ancient animals found in Siberian permafrost.
For example, in 2021, a mummified wolf was discovered that dated back over 44,000 years, Live Science reported in June 2024.
World
More than 100 Palestinians killed in Israeli attacks on Gaza in 48 hours
Director of the Kamal Adwan hospital says several staff wounded in Israeli bombardment.
At least 120 people have been killed in Israeli attacks on Gaza in two days, Palestinian health officials said, as Israel intensified its bombardment across the besieged territory.
At least seven people were killed when a residential home was hit overnight in the Zeitoun suburb of Gaza City, health officials said on Saturday. The other deaths were recorded in central and southern Gaza.
Israeli air raids caused significant damage to al-Faruq Mosque in the Nuseirat refugee camp in central Gaza, according to a social media video verified by Al Jazeera.
Israeli forces also deepened their ground offensive and bombardment of northern Gaza, where one of the last partially operating hospitals was hit, wounding several workers.
Hussam Abu Safia, director of the Kamal Adwan Hospital, said in a statement on Saturday that Israeli forces “directly targeted the entrance to the emergency and reception area several times, as well as the hospital courtyards, electrical generators, and hospital gates”.
The bombardment “resulted in 12 injuries among doctors, nurses, and administrative staff within the emergency and reception areas”, he said.
The Israeli military rejected the allegations and said it was “not aware of a strike in the area of the Kamal Adwan Hospital” following an initial review of the situation.
On Friday, Gaza’s Ministry of Health said hospitals have fuel left for only about two days before it needs to start restricting services.
Israel’s military imposed a siege and launched a renewed ground offensive in northern Gaza last month, saying it aimed to stop Hamas fighters from waging more attacks and regrouping in the area.
The United Nations warned earlier this week that almost no aid had been delivered to northern Gaza since Israel’s renewed offensive as aid groups and food security experts warn of a famine in the area.
In a call with Defence Minister Israel Katz on Saturday, United States Defense Secretary Lloyd Austin pressed Israel to “take steps to improve the dire humanitarian condition in Gaza”, the Pentagon said.
Israel’s assault on Gaza has killed more than 44,000 people and wounded more than 104,000 since October 2023, according to Palestinian health officials.
Israel launched its assault on Gaza after the Hamas-led attacks on southern Israel on October 7, 2023, in which at least 1,139 people were killed and about 250 others seized as captives.
A spokesperson for the armed wing of Hamas, Abu Ubaida, said later on Saturday that a female Israeli captive in the group’s custody had been killed in northern Gaza in an area under attack by Israel’s forces.
“The life of another female prisoner who used to be with her remains in imminent danger,” he added, accusing the government of Prime Minister Benjamin Netanyahu of being responsible and of undermining efforts to end the war.
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