ECB holds interest rate at record 0% low
12 March 2021 | 7:00 am
The European Central Bank has announced it is leaving its benchmark refinancing rate on hold at a historic low of 0%.
June 27, 2023
July 13, 2023
People fleeing Russia's war in Ukraine have brought migration to Germany to a higher level than ever before.
The flood of people leaving the German Catholic Church has accelerated, breaking another new record in 2022. Numerous sexual abuse scandals are believed to be in part to blame.
A Nigerian man has completed more than 200 hours singing, another managed a 100-hour live video on Instagram, while a masseuse's bid to massage people for 75 hours ended in exhaustion.
The ongoing heatwave in the northern hemisphere highlights the critical importance of reducing carbon emissions and transitioning to renewable energy sources. REN21, a think tank specialising in energy policy, closely monitors the progress of renewable power on an annual basis. According to their global report for 2022, renewable energy achieved a record share of 30% in electricity generation, but still faces challenges in sectors such as heat and fuel.
Dwayne ‘The Rock’ Johnson broke the record for the highest paycheck for a single movie. Actors in Hollywood are either paid in full up front, or receive an initial portion, with a percentage of the movie's earnings promised.
The extreme temperatures across continents are no surprise, say NASA's top scientists. They believe there’s a "50-50 chance" that 2023 will be the hottest year on record, with next year likely even warmer.
Temperatures in Greece are expected to rise above 40 Celsius (104 Fahrenheit) over the next couple of days, as much of the world grapples with extreme heat this summer.
Media reports say that Saudi side Al Hilal have made a world record bid for PSG striker Kylian Mbappe.
Lionel Messi broke a record previously held by Tom Brady following his highly-publicized move to Inter Miami. The Argentine superstar brought his storied soccer career in Europe to an end after nearly two decades playing at the pinnacle of the sport. Messi’s popularity for being one of the greatest soccer players of all time followed him across the pond.
The interest rate was increased to an anticipated 5.25%, the bank's 14th hike in a row. The bank is expected to continue with its policy of hiking the interest rate in the next months to combat inflation.
Officials in the Netherlands found €600 million ($661 million) worth of cocaine from Ecuador in containers alongside bananas. Rotterdam is one of the main ports for drug traffickers bringing the drug to Europe.
The People's Bank of China announced it was cutting its key one-year interest rate for the second time in three months on Monday, but left its five-year rate unchanged.
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