Suspect who killed three Pennsylvania officers identified
Police have identified the suspect who fatally shot three officers in southern Pennsylvania as 24-year-old Matthew James Ruth, who was already wanted ...
EU lawmakers raised concerns about the digital euro project after a major failure in the ECB’s payment system, Target 2, which caused delays in transactions. Critics question the ECB's ability to manage the project, with some demanding improved systems before moving forward.
EU Lawmakers Raise Concerns Over Digital Euro After ECB Payment System Failure
The European Central Bank (ECB) faces renewed scrutiny over its digital euro initiative following a significant outage in its Target 2 (T2) payment system, which caused delays in transactions for thousands of households and traders. The breakdown, which occurred late last month, highlighted issues with the ECB's ability to manage critical infrastructure after an initial misdiagnosis delayed the resolution.
Several lawmakers, including Markus Ferber from the European People's Party, expressed concerns about the ECB’s credibility, questioning whether it could successfully manage the digital euro project. “How can the ECB run a digital euro when it struggles to keep daily operations running smoothly?” Ferber remarked.
Despite assurances that the digital euro would function similarly to the ECB's more reliable instant payment system, TIPS, lawmakers remain cautious. They stress that the ECB must restore public trust to avoid jeopardizing the project’s success. Some, like Rasmus Andresen of the Greens, emphasized the importance of improving the bank’s systems. The European Commission proposed digital euro legislation in 2023, but progress has stalled, with resistance from both lawmakers and bankers, who worry about the impact on traditional financial institutions.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year, securing record investments to revive the economy while committing to an increase in defence spending.
European shares nudged up on Thursday after the U.S. Federal Reserve lowered borrowing costs for the first time since December, while shares of SIG plummeted after the Swiss-based company issued a profit warning.
Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence (AI) era.
Entrepreneur Nelson Yang is reaching back into Taiwan's history to turn the humble banana plant into an unlikely sustainable textile. Taiwan is now the world's dominant producer of advanced semiconductors but the yellow fruit, still widely grown on the island, was once a source of patriotic pride.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
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