Facing the growing risk of a deflationary spiral that could topple the 19-country eurozone into recession, the European Central Bank looks set to cut its deposit rate deeper into negative territory when it meets in Frankfurt on Thursday. The bigger question is whether the central bank will pull out the big guns and expand its existing quantitative easing program, since monetary policy is now nearing its limits and already is in unconventional territory.
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| | | | | | | | Facing the growing risk of a deflationary spiral that could topple the 19-country eurozone into recession, the European Central Bank looks set to cut its deposit rate deeper into negative territory when it meets in Frankfurt on Thursday. The bigger question is whether the central bank will pull out the big guns and expand its existing quantitative easing program, since monetary policy is now nearing its limits and already is in unconventional territory. | | | | | The British prime minister will take a new approach in his campaign to keep his country in the EU today, making a speech setting out the benefits to the U.K. of remaining in the bloc. Critics have said that until this point, the “in” campaign has focused too much on the risks of leaving. Cameron is also expected to take on the arguments of “out” campaigners, that the economic shock of a Brexit is a price worth paying. | | | | | The Department of Justice, fighting for the FBI, is expected to submit its latest court filing on Thursday in its fight to unlock the iPhone of one of the San Bernardino shooters. In building its argument, the DOJ is expected to highlight Apple's past cooperation, pointing out that unlocking iPhones is something the tech company has done for law enforcement in the past. | | | | | At a time when global powers are heralding a ceasefire in the country's civil war, Syria’s hospitals are in a state of chronic paucity where medicine, equipment and trained staff are in deadly short supply. The result, as documented in our special report, is that patients whose lives could be saved are dying, in a country whose thriving medical sector was until recently the envy of the Middle East. | | HERE'S WHAT YOU MISSED LAST NIGHT. | | | | | Maximilien Arvelaiz, the country's charge d'affaires in Washington, was called back to Caracas Wednesday, after President Obama renewed a decree imposing sanctions on several top Venezuelan officials. The two countries have not shared ambassadorial ties since 2010, and President Nicolas Maduro has accused the U.S. of plotting to overthrow his government. | | | | | Former Secretary of State Hillary Clinton and Vermont Sen. Bernie Sanders grappled over immigration policy Wednesday night in a fight for Latino voters that unfolded days ahead of Florida's crucial primary, which could decide the Democratic presidential nomination. In addition to sparring with Sanders, Clinton took a pot shot at GOP front-runner Donald Trump, mocking his plans for a “beautiful, tall wall,” between the U.S. and Mexico. You can watch highlights here. | | | | | One of the online retail giant's subsidiaries signed an agreement Wednesday to lease 20 Boeing 767 aircraft, which the company will use to facilitate speedy delivery operations for customers in the U.S. The move is an attempt to reduce Amazon's huge spend on external delivery companies like UPS and FedEx. The company spent over $8.7 billion on shipping during 2014 and $6.6 billion in 2013. | | | | | The U.S. subsidiary of German auto giant Volkswagen AG announced company President and CEO Michael Horn was leaving effective immediately. VW said Horn, 54, was leaving “to pursue other opportunities.” Horn became the brand’s U.S. CEO in January 2014 and improved dealer relations so much that when the emissions scandal came to light in September 2015, independent retailers lobbied for him to remain on the job and said his removal would be “catastrophic.” | | | | | George R.R. Martin, the author of the popular fantasy novels that have spawned a wildly successful HBO show, felt moved to quote Mark Twain Wednesday, saying rumors of his death had been greatly exaggerated, after fans became confused by news of the death of the Beatles' famed producer George Martin. In a blog post entitled “Not Dead Yet,” the author reassured fans that he was still writing. | | | | | Urban commuters angered by the irritating phenomenon of “man-spreading,” where commuters take up more than one seat to accommodate their ... lifestyle, may soon see a dose of justice dispensed. Authorities in San Francisco are proposing issuing tickets and fines of up for $500 for riders who use more than one seat, as the city's transport infrastructure struggles with overcrowding. | | | | | | | 7 Hanover Square, 5th Floor, New York, NY 10004 © 2015 IBT Media Inc. All Rights Reserved. Please add pulse@ibt-mail.com to your contacts
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