Jul 28, 2026, 05:30 AM UTC

The US Federal Reserve is expected to keep interest rates steady at its upcoming meeting following recent data indicating a slowdown in American inflation. The decision comes as the central bank's newly appointed leader, Kevin Warsh, establishes five internal working groups tasked with reviewing the institution's operational methods and policy frameworks. Reports suggest that significant shifts in monetary policy, including potential rate adjustments, remain unlikely until these analytical groups deliver their findings, which are expected by the end of the year. The initiative reflects a broader effort to re-evaluate the central bank's approach while maintaining economic stability.

Sources: Investor.bg

Extreme heat conditions across Western Europe during June led to thousands of excess deaths and severe wildfire damage, according to regional casualty reports.

Data indicates that severe weather conditions contributed to 5,780 excess fatalities in Germany, 2,025 in France, 1,747 in Belgium, and 610 in Spain during a single week of intense heat in June. Beyond the human toll, elevated temperatures and dry conditions have accelerated environmental hazards. Wildfires have burnt more than 254,000 hectares of land within the European Union so far this year.

The early arrival and high intensity of summer heatwaves continue to test public health systems and emergency services across multiple EU member nations.

Sources: Helsingin Sanomat.

The United States has confirmed a new round of diplomatic talks between Israel and Lebanon, set to take place in Rome. The announcement follows statements from Beirut condemning continued Israeli military operations in southern Lebanon, which Lebanese authorities claim impede their planned military deployment under a June agreement.

Meanwhile, security incidents continue along Israel's eastern frontier. The Israeli military stated on Tuesday that it intercepted a drone near the Jordanian border, marking the third such interception in the area over a two-day period following two similar incidents on Monday.

Sources: Le Figaro

French billionaire Bernard Arnault has addressed reports regarding an internal family struggle for control of the luxury conglomerate LVMH. His response follows a six-part investigative series published by French newspaper Le Monde, which alleged that an intense succession battle is taking place among Arnault's children. Arnault has led the luxury empire for nearly 40 years, retaining firm control over a portfolio that includes dozens of prominent high-end brands. The rare public comment from the LVMH chief comes amid heightened scrutiny regarding the long-term governance and leadership transition of Europe's most valuable luxury group.

Sources: Rzeczpospolita.

A diplomatic dispute erupted between the United States and France at the United Nations following disagreement over human rights voting records. Washington accused Paris of "insincere political showmanship" after French representatives made statements comparing voting positions taken by the US to those of authoritarian regimes, including Russia and North Korea.

The friction escalated on social media platform X and within UN chambers, where American officials reportedly walked out during an address by a French diplomat. The spat centered on votes concerning the mandate of the UN High Commissioner for Human Rights, where France publicly criticized the US for aligning its vote with non-democratic nations. US officials strongly rejected the comparison, defending their diplomatic record.

Sources: Rzeczpospolita.