European economy grows higher
The European economy is showing signs of it can avoid a recession this winter, even as it struggles against persistent inflation, rising interest rates and an unrelenting war in Ukraine. According to the latest data, the eurozone economy grew 0.1% in the last quarter of 2022 compared to the previous quarter.
The IMF yesterday raised its forecast for economic growth in eurozone countries to 0.7 per cent in 2023, from 0.5 per cent predicted in October, following better-than-expected results last year. . Overall inflation appears to be at or above peak levels and consumers have been surprisingly resilient amid economic turmoil.
However, not all predictions are positive. On Monday, Germany reported that its largest economy in Europe unexpectedly contracted in the fourth quarter, putting the country at risk of recession. And in the week of the third anniversary of Brexit, the IMF forecasts that Britain will the only major economy to contract in 2023performing even worse than heavily blacklisted Russia.
Rising prices: Inflation rates rose both in France and Spain, where they had previously slowed for five consecutive months. Data for the entire euro area will be released on Wednesday.
Battle for Bakhmut
Russian forces are increasing pressure on the city of Bakhmut in eastern Ukraine, hurling swarms of warplanes to break Ukraine’s resistance and target the country’s supply lines, as Moscow seeks to claim its first major battlefield victory in months. Both sides are said to be bracing for larger attacks as warmer spring weather arrives.
Russia has stepped up efforts to capture Bakhmut – which is considered crucial to its goal of capturing the entire Donbas region to the east – after months of bombardment with little progress. Civilians spilled out, abandoning a pre-war city with a population of about 70,000, and a series of battles resulted in heavy casualties on both sides.
Military analysts argue that the strategic value of Bakhmut is the intersection of several highways in the region. Capturing the city won’t guarantee that Russia can make great strides east, but it will put it in a better position to do so. Currently, Ukraine’s main supply route into the town is within range of Russian artillery, leaving Ukraine to rely on a road to the west.
firepower: Ukrainian fighters and analysts say that Moscow has increasingly reliant on the sheer weight of numbers. About 300,000 reservists were called up in September, reinforcing the army’s strength, although many of the new recruits were relatively inexperienced.
In other news from the war:
Competitive goals in Israel
Israel’s right-wing cabinet is calling for a tough crackdown, including demolition, deportation and the death penalty, in response to a series of violent Palestinian attacks on Israelis. At the same time, the United States urged Israel to remain calm and focus on de-escalation following Israel’s deadliest attack in years on Palestinians in the West Bank.
Benjamin Netanyahu, in his most recent stint as Israel’s prime minister, faced a difficult balancing act between two competing approaches. Domestically, his new far-right partners want him to annex the West Bank, gain more control of Jerusalem’s holy sites, and take harsher measures against the Palestinians. Internationally, however, he is being pushed in the direction of moderation.
Netanyahu needs all these partners. His coalition government would not have won a majority in Parliament without the participation of the far right, after other parties refused to work with him because of his ongoing corruption trial. And internationally, only goodwill from the US and Arab states can help him forge a regional alliance against Iran and normalize relations with Saudi Arabia.
Censorship: The spiral of bloodshed and retaliation could test Mr. Netanyahu’s juggling skills. Anshel Pfeffer, one of Netanyahu’s biographers, said: “This is a government with no accountability. “The only person who can be a responsible person is Benjamin Netanyahu himself.”
Antony winked. After talks with Israeli officials in Jerusalem, the US secretary of state Meet the President of the Palestinian Authority, Mahmoud Abbas. Blinken admits that the prospect of a Palestinian state is not a positive one. “What we are seeing now for the Palestinians is a narrowing horizon of hope, not an expanding horizon,” he said.
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Many of those found were disabled or were young at the time of their death. One prominent figure met a violent end. But it’s still unclear why: Were they murdered? Enforcement? Or sacrifice to the gods?
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The last Boeing 747
Yesterday, Boeing handed over the final 747 it will make: No. 1,574. The giant plane, credited with bringing air travel to the masses, was first launched for testing in 1968. In the decades since, it has transported billions of people. all over the world. But when smaller, more efficient twin-engine planes began to fly longer distances, the world changed.
In recent years, interest in the 747 has focused on freight operations, where it excels thanks to its unique nose shape that allows for easier loading of cargo, as well as reliability, capacity and the ability to transport a large amount of goods between large goods. clue.
Cargo life is a far cry from the flashy early years of airplanes. In 1970, after its first commercial flight, it immediately caused an uproar. The four-engine plane was much larger than any other and could accommodate hundreds of people at once. Upstairs, accessible via a spiral staircase, there is a luxurious lounge. Owning a 747 has become a status symbol for airlines: One even installed a piano bar in the main cabin.
Time has passed: Read our 1968 story on the plane. Our reporter wrote: “It is a tremendous craft. “The grace of its silhouette is only diminished by a hump on the top of its nose.”
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