ECB raises eurozone rates to 2.25% as Iran war pushes inflation higher
The European Central Bank has raised its main deposit rate to 2.25%, the first increase since 2023, as it responds to inflation pressures linked to the war in Iran. The move comes as eurozone consumer prices continue to rise and markets adjust to the prospect of further tightening. The decision is being watched closely across the currency bloc because it affects borrowing costs for households, businesses and governments.The bank lifted the rate from 2% after eurozone consumer price inflation rose to 3.2% in May 2026, up from 3% in April. Financial markets are now pricing in two more rate rises... [Continue Reading]
360LiveNews | 11 Jun 2026 14:02 LONDON
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US inflation rises to three-year high as energy costs climb
US consumer prices rose at their fastest pace in three years in May, with inflation reaching 4.2%, according to the Bureau of Labor Statistics. The increase, from 3.8% in April, was driven largely by higher energy costs and petrol prices linked to the war in Iran. It was the third month in a row that the Consumer Price Index has increased, adding to pressure on households and reinforcing concerns about how quickly the shock is feeding through to the wider economy.The latest figures were accompanied by unusually direct political comments from President Donald Trump, who said at the White House... [Continue Reading]
360LiveNews | 11 Jun 2026 02:31 LONDON
Iran warns ceasefire could break as Trump urges Netanyahu to be careful
Iran has warned that fighting could resume if Israeli attacks continue, as the ceasefire between the two countries remains under strain. The warning comes amid continued tension over reported Israeli strikes, including attacks linked to Lebanon, and growing public disagreement between Israel and the United States. The truce has been in place since 8 April, but officials on both sides are still describing it as fragile.According to the supplied reporting, US President Donald Trump urged Israeli Prime Minister Benjamin Netanyahu to be "careful" because further strikes could undermine the ceasefire. The same material says the warning was reported by Axios,... [Continue Reading]
360LiveNews | 09 Jun 2026 09:01 LONDON
Tehran teacher describes daily life under war as schools move online and prices rise
A teacher in Tehran has described how daily life has changed after the war between the United States and Israel and Iran disrupted schools, internet access and ordinary routines across the city. The account centres on Mehran, a 47-year-old teacher in central Tehran, who is now teaching students online from a cramped apartment while his family also tries to study and work remotely. The picture that emerges is of a capital city where normal activity continues in limited form, but under conditions shaped by weak connectivity, shortages and rising costs.According to the account, the conflict has forced universities, schools and... [Continue Reading]
360LiveNews | 07 Jun 2026 17:36 LONDON
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