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Eurozone inflation rose to 2.9% in December according to Eurostat

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Eurozone inflation rose to 2.9% in December according to Eurostat

The half percentage point rise on the November figure (2.4%) appeared driven by an abatement in falling energy prices

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Food, alcohol and tobacco were expected to continue with the highest inflation rate in December (6.1%, compared with 6.9% in November), followed by services (4.0%, stable compared with November). But a diminution in energy inflation abated from -11.5% in November to -6.7% in December.

The news is likely to damp hopes of an early interest rate decrease by the European Central Bank in 2024. The bank’s rate stands unchanged from last October at 4%, following steady increases which began in July 2022.

Christine Lagarde, the president of the ECB, voiced concerns late last year that she expected inflation to rise again as subsidies on energy prices were removed. She said last November that it won’t be before the “next couple of quarters” that the ECB will start to cut rates.

Zsolt Darvas, a senior fellow at the Brussels-based think-tank Bruegel, said the rise was in line with expectations since energy prices “very much influence the overall headline inflation rate e-books.”

Of so-called core inflation – which excludes food and energy prices – Darvas said “the important news is that there was a marginal, a very small decline”, from 3.6% in November to 3.4% in December.

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“I think this is the more important news because this reflects the underlying developments of inflation. So it could be that headline inflation might rise a little bit in the coming months. But what the ECB policymakers watch for is how the core inflation will evolve.”

However, Darvas pointed out that the 3.4% core inflation rate remains adrift of the ECB’s 2% inflation target of the European Central Bank.

With wage growth accelerating and inflation broadly slowing, consumer purchasing power is increasing, according to Darvas, which might imply demand pressure, in turn making higher inflation stubborn.

“That’s why I would expect that the ECB will not stop cutting interest rates anytime soon,” Darvas said, adding: “My expectation is that the European Central Bank will keep its current interest rates for many, many additional months because core inflation is still well above the target of 2%.”

Darvas also pointed to escalation of the Middle East conflict as a risk particularly for global global oil and energy prices. Such an escalation “would have an impact all around the world, including in Europe and the eurozone. And that could keep inflation pressure higher for longer.”

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Trump Considers Dropping Concerts in US Capital After Artists Drop Out

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Trump Considers Dropping Concerts in US Capital After Artists Drop Out
WASHINGTON, May 30 (Reuters) – ⁠President ⁠Donald Trump ⁠said on Saturday he is considering cancelling a series ‌of concerts commemorating the ‌United States’ ⁠250th ⁠anniversary after a number of artists dropped out, and giving a speech instead. On Friday, Bret Michaels, frontman of the rock …
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English cops cuffed teen stabbing victim after attacker claimed racial assault

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English cops cuffed teen stabbing victim after attacker claimed racial assault

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English police are facing mounting scrutiny after officers handcuffed an 18-year-old university student as he bled to death following a fatal stabbing, allegedly after believing the attacker’s false claim that he had been the victim of a racist assault.

The case has sparked outrage across Britain, fueled political debate over policing and prompted calls for the release of body-worn camera footage from the responding officers.

Alan Mendoza, executive director and co-founder of the London-based Henry Jackson Society think tank, told Fox News Digital that the case reflected broader failures in British policing culture. “The killing of Henry Nowak shows how far the rot of political correctness has set into the British policing mentality,” Mendoza said.

“The reflex attitude today appears to be to believe any and every claim that mentions racism,” he added. “It clearly trumped actual murder in this case as a dying Mr. Nowak was arrested on the say-so of his Sikh assailant without any facts being established by the officers attending.”

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BRITISH POLICE RELEASE DETAILS ON SUSPECTS AFTER ‘SHOCKING’ TRAIN ATTACK, UPDATE ON VICTIMS

Freshman student Henry Nowak was stabbed many times by Vikram Digwa who used an eight inch  ceremonial knife in December 2025. Digwa was found guilty of murder last week.  (Hampshire police handout.)

Vickrum Digwa, 23, was convicted Thursday at Southampton Crown Court of murdering Henry Nowak, an 18-year-old finance student at the University of Southampton, during a confrontation on Dec. 3, 2025.

Officers arriving at the chaotic scene initially treated Nowak as the suspect after Digwa allegedly claimed he had been racially abused and attacked. Officers handcuffed Nowak before realizing the severity of his injuries. He later collapsed and died at the scene despite attempts to administer first aid, according to Sky News.

Following the verdict, Hampshire Constabulary publicly apologized and referred the case to the Independent Office for Police Conduct (IOPC), England and Wales’ police watchdog, for investigation. “I’m sorry that he was handcuffed and arrested in the moments before he lost consciousness,” Temporary Deputy Chief Constable Robert France said in a statement reported by Sky News.

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Prosecutors told jurors Digwa stabbed Nowak multiple times using a 21-centimeter blade described in court as a Sikh kirpan-style weapon. Digwa claimed he acted in self-defense after being racially abused, but jurors rejected that argument and found him guilty of murder.

The case has since ignited fierce public debate online and in British media over whether police prioritized allegations of racism over basic investigative and medical procedures.

TEXAS PRESS CONFERENCE IN AUSTIN METCALF KILLING DEVOLVES INTO CHAOS OVER TRACK MEET STABBING

Handout photo issued by Hampshire Police of Vickrum Digwa who has been found guilty at Southampton Crown Court of the murder of university student Henry Nowak, who he stabbed to death with a Sikh kirpan ceremonial knife. Digwa told police a “wicked lie” that he was the victim of a racist attack after he stabbed finance student Henry Nowak, from Chafford Hundred, Essex, five times in the incident in Belmont Road, Southampton, on Dec. 3 2025. Issue date: Thursday, May 28, 2026.  (Press Association via AP Images)

Speaking on GB News on Friday, Reform UK Member of Parliament Robert Jenrick called for the release of body-worn camera footage if the Nowak family consents.

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“The officers chose to prioritize the accusation of racial abuse over saving the life of this young man,” Jenrick said. “I think that was a terrible mistake.”

Jenrick also criticized what he described as a muted response from Britain’s political establishment compared to reactions following the 2020 death of George Floyd in the United States.

“The Prime Minister says absolutely nothing. The Home Secretary says absolutely nothing.”

The killing has also raised concerns about hostility toward Britain’s Sikh community, which Sikh organizations have sought to distance from the crime.

In a public statement issued following the verdict, Sikh community organizations condemned the killing and stressed that the case should not be viewed as representative of Sikhism.

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2 JEWISH MEN STABBED IN LONDON ATTACK CLASSIFIED AS TERRORISM

File of a police car in Derbyshire, England. (Derbyshire Constabulary via Facebook)

“Henry’s life has tragically been cut short by a moment of madness by an individual for which there can be no excuses,” the statement said.

The organizations also acknowledged that “the actions of police officers who handcuffed the victim just before he died” had intensified criticism of police and “unnecessarily stirred up community hatred.”

The statement further emphasized that legal protections allowing Sikhs in Britain to carry ceremonial kirpans for religious purposes do not apply if the blade is used violently.

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“We understand in this case the weapon that may have been used was not the normal Kirpan worn by fully practicing Sikhs,” the statement read.

Mendoza stressed that Britain’s Sikh community broadly condemned the murder and supported the investigation.

“It’s legal for Sikhs to carry ceremonial knives in the U.K. but they are almost always tiny ones that religious authorities have ordained are sufficient to fulfil the obligation,” Mendoza told Fox News Digital. “He had one of those, plus his [8 inch] blade.”

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A member of the London Met Police stands guard outside Westminster Abbey.  (BEN STANSALL/AFP via Getty Images)

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He also described Digwa as “a weapons nut,” referencing evidence presented during the trial that prosecutors said showed the defendant had a fascination with knives and weapons.

The IOPC investigation into the officers’ actions remains ongoing. Fox News Digital reached out to Hampshire & Isle of Wight Constabulary for comment but did not receive a response before publication.

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Japan rejects ‘new militarism’, says China is rapidly arming

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Japan rejects ‘new militarism’, says China is rapidly arming

Defence Minister Shinjiro Koizumi accuses China of lacking military transparency and stresses the importance of dialogue for regional stability.

Japanese Defence Minister Shinjiro Koizumi has dismissed claims that Tokyo is pursuing “new militarism” and accused China of rapidly expanding its military with limited transparency.

China continues to increase its defence spending at a high level, Koizumi said on Sunday at the Shangri-La Dialogue in Singapore.

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“China’s external approach and military activities are matters of serious concern for ⁠Japan and the international community at the same time,” he added.

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“Think about it. There’s a country that has a huge arsenal of nuclear weapons and strategic bombers. Japan has neither of such weapons, and yet Japan is labelled ‘new militarism’?”

Koizumi said Japan’s record since World War II “speaks for itself”, citing its adherence ‌to international law and commitment to the United Nations Charter alongside efforts to uphold a “free and open international order”.

In May, China’s Ministry of Foreign Affairs called on Asia Pacific countries to be vigilant and “jointly resist the reckless actions of Japan’s neo-militarism”.

At the Singapore forum, Chinese delegate Major General Meng Xiangqing criticised Japan.

“I deeply doubt whether a country that has not thoroughly eradicated the toxic legacy of militarism is qualified to talk extensively about defence cooperation on international occasions and whether it can win the trust of the international community, especially ⁠the Asian countries it once invaded,” he said.

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US Secretary of Defense Pete Hegseth, left, speaks with Koizumi during the 23rd Shangri-La Dialogue on May 29, 2026 [Jam Sta Rosa/AFP]

Ties between Japan and China sank to ⁠their worst level in years after Japanese Prime Minister Sanae Takaichi warned in November that a hypothetical Chinese attack on Taiwan could draw a Japanese military response.

China claims Taiwan as its own territory over the objections of the island’s government.

Koizumi said transparency comes from “discussion and dialogue” and lamented that China had not sent its defence minister to the conference, but he insisted Japan remains open to engagement.

“We keep the door open,” he said, reaffirming Japan’s ⁠commitment to dialogue with China and other regional players to foster stability.

As China has been rapidly expanding and modernising its military, Japan has been reshaping its own defence policy. Last month, Takaichi’s cabinet scrapped a ban on lethal weapons exports, a major change in its post-war pacifist policy.

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Japan pushes for unity

Separately on Sunday, Koizumi praised US Secretary of Defense Pete Hegseth for his commitment to the Asia Pacific but at the same time stressed the continued need for strong coalitions globally.

“Division weakens deterrence. Unity strengthens deterrence,” he told the conference in Singapore.

“If gaps emerge among the United States, Europe and allies and like-minded countries, forces which take it as an opportunity will surely come in,” he said.

“We must prevent such a situation. We must keep our cooperation going on. Now is the time to make our cooperation even stronger.”

US President Donald Trump has been harsh about fellow members in NATO, and the comments at the Shangri-La conference came the day after Hegseth again chided Western European allies at the forum for not devoting enough resources to defence.

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