BANK OF ENGLAND TO CUT INTEREST RATE

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On Thursday, the Bank of England announced it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers.

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On Thursday, the Bank of England announced it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers.

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A shooting linked to drug trafficking in the western French city of Poitiers erupted into a brawl on Thursday night, possibly involving as many as 600 individuals, according to French authorities.

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German Chancellor Olaf Scholz has dismissed his finance minister on Wednesday, placing the government on the edge of collapse. In a televised announcement, Scholz stated that he had let go of Finance Minister Christian Lindner, asserting that it was “necessary to prevent harm to our country.”

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The Valencia region of Spain experienced a catastrophic meteorological event that transformed tranquil landscapes into scenes of unprecedented destruction. Meteorologists reported an extraordinary rainfall of a year's worth condensed into just eight hours, unleashing a torrent that would claim at least 95 lives and reshape entire communities.

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Barcelona experienced flooding on Monday, as search and rescue operations are ongoing in the aftermath of severe flooding that affected Valencia last week.

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The United Kingdom has announced a sweeping £40 billion ($52 billion) tax increase targeting high earners, wealthy foreigners, and large businesses. This bold move, aimed at stabilizing the country’s finances and addressing economic inequality, is part of the Labour Party’s first budget since it swept to power in a historic July election.

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Spanish rescue teams are racing against time as the death toll from devastating floods rose to 205 on Friday, marking one of Europe's deadliest weather disasters in half a century. Temporary morgues have been established in Valencia, the epicenter of the disaster, as rescue efforts continue across affected regions. The majority of fatalities, 202, occurred in Valencia, while Castilla La Mancha and Andalusia reported three additional deaths.

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Libya and Italy have signed several agreements on Tuesday covering sectors including development, investments and infrastructure, aiming to boost cooperation between the two Mediterranean states. The accords were signed by Prime Minister Abdulhamid Dbeibah and his Italian counterpart, Georgia Meloni, during the Italian-Libyan Business Forum, being held in the capital Tripoli after a decade's hiatus.
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