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Inflation across the eurozone reaches new all-time high of 8.9%

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Inflation across the eurozone reaches new all-time high of 8.9%

Inflation throughout the eurozone has reached a brand new all-time excessive of 8.9% in July, up from 8.6% in June.

A complete of 10 states that use the one forex seem in double-digit territory: Belgium, Estonia, Greece, Spain, Cyprus, Latvia, Lithuania, the Netherlands, Slovenia and Slovakia.

The information from Eurostat is yet one more ominous signal for the bloc’s financial system, which is regularly slowing down, elevating the probability of a recession.

Costs in July continued to climb in most international locations, pushed by the worsening disruption in world power markets fuelled by Russia’s invasion of Ukraine.

The upward development in gasoline costs has spilled over to different merchandise, together with recent vegatables and fruits.

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The July studying exhibits a timid regression in power inflation — from 42% in June to 39.7% in July — however a rise in the entire different indicators.

The worldwide meals disaster, disrupted provide chains and China’s strict zero-Covid lockdowns are additionally placing strain on on a regular basis items and companies.

Core inflation, which excludes unstable gadgets and provides a greater thought of shoppers’ precise buying energy, stood at 4%, the best mark for the reason that creation of the euro.

In Germany, the EU’s industrial powerhouse, inflation rose to eight.5% on a yearly foundation, after a small lower final month (8.2%) that briefly raised hopes of aid.

France’s costs rose by 6.8%, whereas Italy’s grew at a 8.4% price.

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The Baltic international locations stay significantly affected by the upward development — Estonia (22.7%), Lithuania (20.8%) and Latvia (21%) — on account of their heavy reliance on overseas imports to fulfill their power wants.

It’s unclear when or how the power disaster will start to ease: the Kremlin has proven it’s prepared to manipulate gasoline flows in retaliation for Western sanctions.

Nations are already getting ready for a worst-case state of affairs the place Russia unilaterally interrupts all provides and sends the EU right into a deep, painful recession.

The most recent inflation studying from Eurostat comes per week after the European Central Financial institution (ECB) introduced a larger-than-expected hike in rates of interest, the primary transfer of that sort in 11 years.

The ECB has indicated it would proceed mountain climbing charges if the financial state of affairs deteriorates, ditching the normal ahead steering and embracing as a substitute a meeting-by-meeting strategy to resolve its subsequent steps.

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July’s inflation variety of 8.9% is greater than 4 instances the two% goal desired by the financial institution.

Even Malta, the eurozone member with the bottom inflation price (6.5% in July), vastly overshoots the ECB’s objective.

Partial GDP information, additionally launched on Friday, confirmed a 0.7% development throughout the eurozone and 0.6% within the EU in the course of the second quarter of 2022 in comparison with the earlier interval.

“Excellent news! Euro space financial system outperforms expectations in Q2,” Paolo Gentiloni, European Commissioner for the financial system, said on Twitter. “Uncertainty stays excessive for the approaching quarters: want to take care of unity [and] be prepared to answer an evolving state of affairs as crucial.”

Germany registered 0% development, whereas Latvia, Lithuania and Portugal entered destructive territory. France averted a technical recession after increasing by a timid 0.5% price.

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The bloc’s GDP information contrasts with that of the Untied States, which this week posted a second quarter of contraction in a row.

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Ron Ely, Star of TV’s Tarzan, Cause of Death Revealed

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Ron Ely, Star of TV’s Tarzan, Cause of Death Revealed


Ron Ely Dead: ‘Tarzan’ Actor Cause of Death Revealed — Obituary



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Scientists study ‘very rare’ frozen remains of 35,000-year-old saber-toothed cub

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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. 

The mummified saber-tooth cub found in Siberia’s permafrost was studied by scientists and found to have been buried around 35,000 years ago. (Alexey V. Lopatin)

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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.  

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“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. 

Heads of three-week-old cubs

This discovery provided an extremely unique and rare opportunity for scientists to study an extinct species that was so well preserved. (Alexey V. Lopatin)

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.  

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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. 

Skull of cub

Analysis of the cub’s skull helped scientists identify it as belonging to the genus Homotherium. (Alexey V. Lopatin)

 

For example, in 2021, a mummified wolf was discovered that dated back over 44,000 years, Live Science reported in June 2024. 

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More than 100 Palestinians killed in Israeli attacks on Gaza in 48 hours

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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.

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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.

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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.

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“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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