World
Explained: Why the EU economy may be heading for a ‘soft landing’

The European financial system is “heading for a smooth touchdown” regardless of the persistence of excessive costs globally, an economist informed Euronews.
Inflation has been declining over the previous a number of months within the European Union, with it anticipated to be 6.9% in March, based on Eurostat.
That is after the annual inflation fee tripled in 2022, reaching 9.2% within the euro space because of the fallout from the COVID-19 pandemic and the battle in Ukraine.
However with power costs down on account of gentle winter climate, inflation has been easing up.
“I definitely suppose the state of affairs in Europe is significantly higher than I might have predicted a number of months in the past,” mentioned Jacob Kirkegaard, a senior fellow on the Peterson Institute For Worldwide Economics.
The Worldwide Financial Fund (IMF) warned final week that inflation has remained persistent globally and downgraded its outlook for financial progress. Nevertheless it barely upgraded its progress forecast for the US and Europe in 2023.
Petya Koeva-Brooks, deputy director of the IMF Analysis Division, informed Euronews final week she was stunned that euro space economies have adjusted to the financial shock and that the IMF is anticipating a choose up of progress in 2024.
However whereas Europe general prevented an all-out recession final 12 months, inflation “stays stubbornly excessive,” based on Alfred Kammer, the IMF’s European division director, who was talking concerning the bigger European area.
At a press convention final week, Kammer mentioned that whereas power costs have fallen, “costs of different family bills are nonetheless growing at a quick tempo” and that Europe’s outlook stays one in all “gradual progress and sticky inflation”.
“It’s in double digits in most rising European economies and a few superior economies.”
However, Kammer defined: “The largest drawback we noticed final 12 months was a giant concern {that a} Russian gasoline shut-off may deliver the European financial system to a halt within the winter. It didn’t occur. And that may have been a giant recession in Europe.”
He mentioned the low progress forecast for 2023 was because of the results of the battle and power disaster and that whereas headline inflation is projected to say no, core inflation will nonetheless be above central financial institution targets by end-2024.
‘No runaway inflation in Europe’
Kirkegaard, in the meantime, stays optimistic. He mentioned that he expects one to 2 extra rate of interest rises from the European Central Financial institution adopted by a return to “financial or inflation normalisation.”
He added that EU economies haven’t but felt the total influence of the ECB’s present financial coverage, which works with a lag.
Inhabitants demographics may play a task in whether or not inflation continues in superior economies, he mentioned, with ageing populations decreasing demand.
“I do not suppose we’re going to have runaway inflation in Europe, however I feel in a rustic like the USA, as an example, I feel it will likely be troublesome for the Federal Reserve to get all the best way again to 2%…I am way more optimistic in Europe, Japan and different nations which are ageing quickly,” he mentioned.
The present price of residing disaster has additionally significantly lowered the buying energy of customers and led to strikes and protests over pay.
“It is vital to recognise that in 2022, throughout Europe on common we had the most important decline in buying energy in a long time,” mentioned Kirkegaard.
“We should always not typically be afraid of staff having larger wages, as a result of what we even have seen within the euro space in recent times may be very sturdy company earnings and that is additionally very a lot true in the USA. So having a redistribution away from the house owners of capital in direction of staff by larger actual wages, I feel is acceptable,” he added.

World
Video: Trump Gives Russia 50 Days to Make Peace With Ukraine

new video loaded: Trump Gives Russia 50 Days to Make Peace With Ukraine
transcript
transcript
Trump Gives Russia 50 Days to Make Peace With Ukraine
President Trump, expressing frustration over feeling dragged along by President Vladimir V. Putin in peace talks, threatened Russia with “very severe tariffs” unless a deal is reached with Ukraine in 50 days.
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“We’re very, very unhappy with them and we’re going to be doing very severe tariffs if we don’t have a deal in 50 days. Tariffs at about 100 percent. You’d call them secondary tariffs. You know what that means. And I’m disappointed in President Putin because I thought we would have had a deal two months ago. But it doesn’t seem to get there. We’ve made a deal today where we’re going to be sending them weapons and they’re going to be paying for them.” “This is really big. This is really big. You called me on Thursday that you had taken a decision. And the decision is that you want Ukraine what it needs to have to maintain, to be able to defend itself against Russia, but you do want the Europeans to pay for it, which is totally logical.”
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World
Iran vows retaliation if UN Security Council issues snapback sanctions on anniversary of nuclear deal

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Iran on Monday warned that it would retaliate if the United Nations Security Council (UNSC) took steps to impose “snapback” sanctions as nations mull further action to halt Tehran’s nuclear development.
“The threat to use the snapback mechanism lacks legal and political basis and will be met with an appropriate and proportionate response from the Islamic Republic of Iran,” Foreign Ministry spokesperson Esmaeil Baghaei claimed during a press conference, according to a Reuters report.
Baghaei did not expand on how Iran would retaliate, but his threats come amid repeated warnings from security experts that time is running out to enforce the sanction mechanism by Oct. 18 under terms dictated by the 2015 nuclear deal.
Esmaeil Baghaei, Iran’s foreign ministry spokesman, speaks during a press conference in Tehran and warns of retaliation if the U.N. issues snapback sanctions, on July 14, 2025. (Atta Kenare/AFP via Getty Images)
IRAN CLAIMS ITS PRESIDENT WAS INJURED IN ISRAELI AIRSTRIKE LAST MONTH
The comments coincided with the 10-year anniversary of the Joint Comprehensive Plan of Action (JCPOA), which was originally intended to halt Iran’s nuclear ambitions, but which some have argued was insufficient to adequately deter Tehran.
Under the terms of the JCPOA, any signatory can unilaterally call up snapback sanctions if Iran is found to have violated the terms of the agreement.
Though the U.S., which, alongside the U.K., France, Germany, China and Russia, signed the 2015 deal, was deemed by the U.N. and other JCPOA members unable to utilize the mechanism after Washington withdrew from the agreement in 2018 during President Donald Trump’s first term.
Despite repeated calls by the U.S. to enforce snapback – which would legally enforce all 15 U.N. members on the council, including Russia, to reimpose sanctions on Iran – no one on the UNSC or JCPOA has yet taken steps to enforce the sanctions.
“I would say one of the few good things about the JCPOA is that it reverse engineers the veto in the sense that you really only need one of the permanent members to be able to do this,” Behnam Ben Taleblu, senior director of the Foundation for Defense of Democracies’ Iran orogram told Fox News Digital. “But why is no one doing it? It’s because it’s a risky move.
“I think it’s a worthwhile move, but we have to be honest – it’s a risky move,” he added.
Ben Taleblu explained that Iran’s most likely response to the severe sanctions under the snapback mechanism would be its abandonment of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) – an international agreement that over 190 nations have signed, pledging either not to transfer weapons to another recipient by nuclear-capable nations, or not to develop atomic arms by non-nuclear nations, among other commitments.

Members of the Security Council attend a meeting on threats to international peace and security at the United Nations on June 13, 2025, in New York City. (Michael M. Santiago/Getty Images)
TIME IS RUNNING OUT TO STOP IRAN FROM MAKING NUCLEAR BOMB: ‘DANGEROUS TERRITORY’
The terms of the agreement are monitored by the U.N.’s International Atomic Energy Agency – which Iran has already suspended cooperation with following U.S. and Israeli strikes against its nuclear program last month.
“In a world in which Iran’s most likely response is to leave the NPT, one has to be confident in at least the ability of military threats to deter Iran further, or at least the credibility of America’s and Israel’s, or the international community’s, military options against Iran moving forward,” Ben Taleblu said.
“The problem is the lack of a game plan. Has America provided Europe with a game plan, a road map for post-snapback?” he added, noting there needs to be a much larger strategy for next steps should sanctions be reinforced.
Though the U.S. assesses that Iran’s nuclear program has been stunted by up to two years, experts remain convinced that Tehran’s atomic ambitions have not been deterred, and its ties to terrorist networks and adversarial nations mean it remains a top security concern.
Trump has said he is still committed to negotiating with Iran on its nuclear program, though questions remain over how long he will continue to allow negotiations to drag out before a European nation like the U.K., France or Germany must step in to enact snapback sanctions not only before the October deadline, but before Russia takes over control of the UNSC presidency that month.
Pushing through the snapback mechanism is expected to be a roughly six-week process.

A banner depicting Iran’s Supreme Leader Ayatollah Ali Khamenei is placed next to a ballistic missile in Baharestan Square in Tehran on Sept. 26, 2024. (Hossein Beris/Middle East Images/AFP via Getty Images)
Reports on Sunday suggested that German Chancellor Friedrich Merz could call up the snapback measures as soon as Tuesday, and U.S. Ambassador to Israel Mike Huckabee championed the move in a post on X.
But Fox News Digital could not independently verify these claims and the German Foreign Ministry told Israeli news outlet JNS that the claims were incorrect.
The chancellor’s office did not immediately respond to Fox News Digital’s questions.
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