Page 18 - M 2cs News Today

The current spike in inflation is no reason for the European Central Bank (ECB) to rethink its interest rate policy, as inflation is still expected to slow towards the end of next year, ECB policymaker Klaas Knot said on Monday.

Mexican President Andres Manuel Lopez Obrador said on Monday he proposed a plan last week to boost investment in North America to reduce reliance on foreign imports in his talks with U.S. President Joe Biden and Canada's Prime Minister Justin Trudeau.

The U.S. Federal Reserve during Jerome Powell's second term as chair will have an important role to play over the longer term to ensure that inflation does not become "endemic," Treasury Secretary Janet Yellen told CNBC on Monday.

Progress was made on Friday in talks between the European Union and Britain on post-Brexit trade issues affecting Northern Ireland and solutions can be found if London redoubles its efforts, the EU official in charge of the talks said on Sunday.

The United States will offer support to Tunisia once it has announced dates for political reform, a Tunisia presidency statement said, nearly four months after President Kais Saied seized political power.

The United Kingdom reported 40,004 confirmed new cases of COVID-19 on Sunday, taking the seven-day total to 287,205, a 9.4% rise over the previous seven-day period, official daily data showed.

Russian President Vladimir Putin has been revaccinated against COVID-19, Russian news agencies quoted him as saying on Sunday.

Poland accused Belarus on Sunday of continuing to ferry migrants to its border, despite clearing camps close to the frontier earlier this week, as the country's prime minister started a tour of Baltic states to seek support in the crisis.

Lithuania told a summit of NATO leaders on Monday that Russia was trying to "swallow" Belarus and that the Western military alliance needed to be united in deterring Moscow.

Iran's Revolutionary Guards said on Saturday they had seized a foreign ship in Gulf waters loaded with what they described as smuggled diesel.