An economic downturn in the region will take hold by year-end, Mario Draghi has warned The European Union will likely plunge into recession by the end of the year, former Italian prime minister and European Central Bank (ECB) president Mario Draghi has told the Financial Times.

The country’s $31.4 trillion debt ceiling was exceeded in January, and later scrapped altogether until 2025 The US national debt could surge by $20 trillion over the next decade, the Bank of America (BoA) said in a note on Tuesday, citing data from the Congressional Budget Office.

Trade and travel restrictions should be considered due to the ‘rain of bombs’ on Gaza, Petra De Sutter has said Israel should face repercussions for the massive civilian death toll from its anti-Hamas operation in Gaza, Belgian Deputy Prime Minister Petra De Sutter has said.