Day: March 11, 2022

North Korean leader Kim Jong Un has instructed his officials to expand a key missile facility to launch a variety of rockets, state-run media reported Friday, with Pyongyang believed to have tested intercontinental ballistic missiles recently. Kim inspected the Sohae Satellite Launching Station in Dongchang-ri in the country’s northwest, the Korean Central News Agency said, although it did not state when he visited the facility, which was previously used to test ICBM engines. The report came hours after the United States said Pyongyang tested a new ICBM system in its two most recent missile la…

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By Howard Schneider, Balazs Koranyi and Leika Kihara (Reuters) – The Russian attack on Ukraine may slow global growth and raise new economic risks, but top central banks are keeping their focus trained on an inflation fight that looks set to intensify. While Europe may be the most vulnerable to a broader economic shock from the war, the European Central Bank made clear on Thursday the region could not turn their backs on soaring inflation in the euro zone. Calling the war a “watershed moment” that could curb growth but boost inflation, the ECB decided to stop pumping money into markets this su…

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