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The World in Brief from The Economist

The ECB cuts rates; Russia hits vessel in the Black Sea, and more

The World in Brief from The Economist

The Economist

News, Daily News, News & Politics, Global News

4.11.2K Ratings

🗓️ 13 September 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

The European Central Bank lowered interest rates for the second time this year, with a cut of a quarter of a percentage point, to 3.5%.

Transcript

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0:00.0

The Economist.

0:04.3

Hello, you're listening to the free edition of the world in brief from The

0:09.9

Economist. As a reminder, if you subscribe to the economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.0

If you're already an economist subscriber, visit Economist.com slash Espresso,

0:25.5

or visit our Espresso app to start listening.

0:28.6

Here's today's free edition. This is the world in brief from The Economist.

0:37.0

Our top stories.

0:45.0

The European Central Bank lowered interest rates for the second time this year,

0:52.0

with a cart of a quarter of a percentage point to 3.5%.

0:56.8

The move comes amid falling inflation and weak growth in the Eurozone.

1:01.8

The annual inflation rate was 2.2% in August, the lowest level in three years.

1:07.0

Meanwhile the Block's GDP grew by just 0.2% from April to June.

1:13.0

America's Federal Reserve is expected to make its first rate cut

1:17.5

since the start of the pandemic at its monetary policy meeting next week.

1:22.3

Ukraine's presence. monetary policy meeting next week.

1:24.0

Ukraine's president, Volodemizelinski,

1:27.0

accused Russia of hitting a cargo ship in the Black Sea.

1:31.0

The vessel left Kornomask, one of Ukraine's biggest ports on Wednesday and was destined for Egypt.

1:38.0

It was carrying around 26,000 tons of wheat.

1:42.0

Russia has long tried to cut Ukraine's access to the Black Sea,

1:45.8

through which more than 70% of Ukrainian exports travel.

1:51.5

Jared Isaacman, an American businessman and three other members of the Polaris Dawn crew,

...

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