Japanese banks are preparing with training for a move in policy rates.
Japan's central bank has kept interest rates zero for the past eight years to boost the country's stagnating economy. In other words, banks were incentivized to lend more by charging a fee to maintain surplus reserves. However, a policy change is coming because inflation has been above the Bank of Japan's 2% objective for more than a year. The Bank of Japan is anticipated to increase interest rates for the first time since 2007 as early as this week. Watch to find out more!
EU task group wants to increase naval presence in the Red Sea to enhance security.
Due to piracy and the threat of Houthi missiles, maritime security is becoming a more pressing worldwide issue. Ships are bolstered by nations to protect commerce routes and quell illicit activity. To prevent rockets from reaching their target and guarantee safe passage through the Red Sea and Gulf of Aden, advanced warships, such as the Italian frigate Mare Federico Martinengo, joined EU task forces. Continual presence and diverse skills are emphasized as the mission evolves from anti-piracy efforts to counter Houthi threats.
US State Department calls Iran's attack "reckless and irresponsible."
Speaking on behalf of the US State Department, Vedant Patel reiterates that the US is "ironclad and unwavering" in its support of Israel, even as discussions on "the importance of de-escalation" with Israeli officials and regional partners continue. "It's crucial to stand back and remember that we strongly condemn this careless and reckless attack by the Iranian regime. We are steadfastly committed to Israel's security and their right to self-defense." Iran claims that the attack it carried out over the weekend was a response to Israel attacking its consulate in Damascus; nonetheless, Patel contended that the scope of Iran's action qualified as a "violation". “The United States is still assessing the status of this facility [Iran’s consulate]. I don’t have any update to offer related to that. Still, again, the sheer number of ballistic missiles and drones that Iran unleashed on Israel is irresponsible and reckless.”
Conflict in Myanmar: Thailand prepares for cross-border refugees
Following days of conflict between insurgents and the military junta in Myanmar, Thailand's foreign minister paid a visit to the country's border. The government of Thailand says it is prepared to provide 100 thousand refugees fleeing the fighting with temporary housing.
Japan honors those lost in the Fukushima nuclear accident in 2011
On March 13, Japan commemorated the enormous earthquake and tsunami that led to a nuclear meltdown and rendered a sizable portion of Fukushima Prefecture uninhabitable.
Another terrible fire season is expected in Canada | Climate Tracker
The remnants of the record-breaking wildfire season of the previous year linger in the dead of Canadian winter. Under heavy snowfall, so-called zombie flames are spreading faster than ever before.
The Economic Community of West African States (ECOWAS) will remove its sanctions against Niger.
The sanctions imposed on Niger by the West African regional organization ECOWAS are to be lifted. These restrictions include border closures and the suspension of financial transactions. According to its officials, the decision was made with humanitarian concerns in mind. Three members of ECOWAS declared their departure from the West African regional organization, and now the organization's leaders are gathering.
Viktor Orban of Hungary praises the new chapter of relations with Sweden ahead of the vote on its NATO candidacy.
After nearly two years of delay, Budapest finally prepared to approve Stockholm's petition to join NATO on Friday, announcing that it had signed an agreement to buy four Saab and opened a new tab for JAS Gripen fighter jets from Sweden. Following Russia's invasion of Ukraine in 2022, Hungary was the last member of the transatlantic military alliance to steadfastly resist Sweden's historic bid to join.
Russia-Ukraine war: Russia escalates its strikes on Ukraine.
Russia's defense minister says the country must improve manufacturing volume and speed as the United States provides military aid to Ukraine. Watch to learn more.
Families come home for Ramadan in Khartoum despite a continuing conflict
People in Sudan are now moving back to some parts of Khartoum after being uprooted from the capital city. The army and the paramilitary Rapid Support Forces are still engaged in combat. Over the month of Ramadan, when most people fast, they are coming back to Omdurman.
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