Domain: kathimerini.gr

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kathimerini.gr

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Jul 25, 13:13

China's Economic Influence Grows as Russia's Dependence Deepens

Manzhouli, a Chinese border city, reveals Russia's growing economic dependence on China, with bilateral trade exceeding $240 billion in 2023, representing 6% of Russia's economy, despite recent trade tensions over coal, timber, and automobiles.

China's Economic Influence Grows as Russia's Dependence Deepens

Manzhouli, a Chinese border city, reveals Russia's growing economic dependence on China, with bilateral trade exceeding $240 billion in 2023, representing 6% of Russia's economy, despite recent trade tensions over coal, timber, and automobiles.

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How does the city of Manzhouli illustrate the changing economic dynamics and interdependence between China and Russia?

Russia's reliance on China is evident in Manzhouli's retail landscape, showcasing Russian goods alongside Chinese products. This economic shift is further emphasized by Russia's role as a supplier of raw materials to China's vast industrial sector, contrasting with its reduced industrial capacity.

kathimerini.gr

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Jul 25, 10:18

Macron's Recognition of Palestinian State Draws International Condemnation

French President Macron's recognition of a Palestinian state following the October 7, 2023, attacks has sparked strong reactions, with the US and Israel condemning the move as rewarding terrorism and undermining peace efforts, while Spain and Saudi Arabia voiced their support.

Macron's Recognition of Palestinian State Draws International Condemnation

French President Macron's recognition of a Palestinian state following the October 7, 2023, attacks has sparked strong reactions, with the US and Israel condemning the move as rewarding terrorism and undermining peace efforts, while Spain and Saudi Arabia voiced their support.

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What are the immediate consequences of France's recognition of a Palestinian state, given the recent attacks in Israel?

Following the October 7, 2023, attacks, French President Macron's decision to recognize a Palestinian state has drawn strong criticism from the US and Israel. The US Secretary of State called it a setback for peace and a 'slap in the face' to victims. Israel's Prime Minister condemned it as rewarding terrorism.

kathimerini.gr

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Jul 25, 13:13

Greek Port Employees Arrested in Major Cocaine Smuggling Bust

Seven port employees in Piraeus, Greece, were arrested for allegedly importing 35 kilograms of cocaine from South America hidden in shipping containers; three were apprehended after a chase involving a Porsche Cayenne and a motorcycle, highlighting a sophisticated smuggling operation.

Greek Port Employees Arrested in Major Cocaine Smuggling Bust

Seven port employees in Piraeus, Greece, were arrested for allegedly importing 35 kilograms of cocaine from South America hidden in shipping containers; three were apprehended after a chase involving a Porsche Cayenne and a motorcycle, highlighting a sophisticated smuggling operation.

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What are the long-term implications of this case, and what further actions are needed to prevent similar incidents in the future?

The successful apprehension of this drug trafficking ring underscores the challenges in combating international drug smuggling through ports. Future efforts should focus on enhanced port security measures, international collaboration, and advanced surveillance technologies to disrupt similar operations and prevent future incidents. The investigation's swift conclusion and the severity of charges suggest a determined effort to tackle organized crime.

kathimerini.gr

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Jul 25, 10:18

Saudi Arabia Pledges \$6.4 Billion for Syria's Reconstruction

Saudi Arabia announced a \$6.4 billion investment plan for Syria's reconstruction, led by Investment Minister Khalid al-Falih representing Crown Prince Mohammed bin Salman, amidst ongoing ethnic conflicts and previous agreements with Qatar and the UAE.

Saudi Arabia Pledges \$6.4 Billion for Syria's Reconstruction

Saudi Arabia announced a \$6.4 billion investment plan for Syria's reconstruction, led by Investment Minister Khalid al-Falih representing Crown Prince Mohammed bin Salman, amidst ongoing ethnic conflicts and previous agreements with Qatar and the UAE.

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How does this investment affect the ongoing conflict and Syria's relations with other regional powers?

This substantial investment signifies a strengthening relationship between Saudi Arabia and Syria's interim government, providing crucial financial support for stability amidst ongoing ethnic conflicts and a legacy of war damage. Over 100 Saudi companies are participating, indicating a broad commitment to the reconstruction effort.

kathimerini.gr

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Jul 25, 13:13

Greek PM Urges Strict Deadlines for Recovery Fund Projects

Greek Prime Minister Kyriakos Mitsotakis addressed the cabinet on Friday, emphasizing strict adherence to deadlines for implementing 25 key reforms and the Recovery Fund projects by year's end, to avoid losing EU funds and ensure effective governance.

Greek PM Urges Strict Deadlines for Recovery Fund Projects

Greek Prime Minister Kyriakos Mitsotakis addressed the cabinet on Friday, emphasizing strict adherence to deadlines for implementing 25 key reforms and the Recovery Fund projects by year's end, to avoid losing EU funds and ensure effective governance.

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What specific reforms were prioritized in the cabinet meeting, and what is their intended impact?

Mitsotakis's emphasis on deadlines reflects the government's commitment to maximizing the benefits of the Recovery Fund. The 25 prioritized reforms, focused on key areas such as bureaucracy reduction and digitalization, aim to achieve tangible results by the year's end, impacting various sectors of the Greek economy and public administration.

kathimerini.gr

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Jul 25, 10:18

High Triglycerides Increase Cardiovascular Risk: Treatment and Prevention

High triglycerides, a common type of fat, increase cardiovascular risk when elevated, often alongside high LDL cholesterol; treatments include statins, lifestyle changes, and medications like niacin, fibrates, or omega-3 fatty acids, with icosapent ethyl showing promise in reducing cardiovascular ev...

High Triglycerides Increase Cardiovascular Risk: Treatment and Prevention

High triglycerides, a common type of fat, increase cardiovascular risk when elevated, often alongside high LDL cholesterol; treatments include statins, lifestyle changes, and medications like niacin, fibrates, or omega-3 fatty acids, with icosapent ethyl showing promise in reducing cardiovascular ev...

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Good Health and Well-being

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What are the common treatments for high triglycerides, and what is their effectiveness in reducing cardiovascular risk?

Doctors often treat high LDL cholesterol with statins and dietary changes, which frequently also lower triglycerides. However, even with normal LDL levels, high triglycerides remain a risk factor requiring monitoring and potential treatment. This highlights the importance of considering triglycerides independently in cardiovascular risk assessment.

kathimerini.gr

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Jul 25, 13:13

Starlink Outage Disrupts Ukrainian Military Operations

A global Starlink outage left Ukrainian military units without satellite internet access for 2.5 hours on Thursday night, disrupting battlefield communications and drone operations, highlighting the risks of heavy reliance on a single provider.

Starlink Outage Disrupts Ukrainian Military Operations

A global Starlink outage left Ukrainian military units without satellite internet access for 2.5 hours on Thursday night, disrupting battlefield communications and drone operations, highlighting the risks of heavy reliance on a single provider.

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How did the Starlink outage expose vulnerabilities in Ukraine's reliance on cloud-based command and control systems, and what alternative communication strategies are being proposed?

The Starlink outage, affecting thousands of users globally, demonstrated the potential consequences of centralized communication systems in active conflict zones. Ukrainian forces, heavily reliant on Starlink for drone operations and battlefield coordination, faced significant disruptions during the 2.5-hour service interruption. This event highlights the need for diversified communication strategies and the vulnerabilities of cloud-based command and control systems.

kathimerini.gr

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Jul 25, 10:18

EU Nears US Trade Deal, €93 Billion in Retaliatory Tariffs Prepared

The European Union is on the verge of a trade agreement with the United States, potentially accepting 15% tariffs on its exports, but has prepared €93 billion in retaliatory tariffs if negotiations fail by August 1st, a decision supported by most member states excluding Hungary.

EU Nears US Trade Deal, €93 Billion in Retaliatory Tariffs Prepared

The European Union is on the verge of a trade agreement with the United States, potentially accepting 15% tariffs on its exports, but has prepared €93 billion in retaliatory tariffs if negotiations fail by August 1st, a decision supported by most member states excluding Hungary.

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What are the immediate impacts of the potential EU-US trade agreement, and how does it affect global trade dynamics?

The EU is nearing a trade agreement with the US, with member states prepared to accept 15% tariffs on European imports. However, a successful conclusion depends entirely on the US president's willingness, prompting the EU to finalize a list of retaliatory measures to be implemented if a deal isn't reached by August 1st. These measures include tariffs totaling €93 billion on US imports, which will be enacted unless a deal is finalized or negotiations are extended.

kathimerini.gr

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Jul 25, 10:18

ECB Pauses Interest Rate Cuts Amid Trade Uncertainty

The European Central Bank (ECB) paused its interest rate cuts on July 2024, maintaining key rates at 2%, 2.15%, and 2.40%, following eight previous reductions since June 2024. This decision reflects uncertainty surrounding US-EU trade tariffs and conflicting views within the ECB regarding future mon...

ECB Pauses Interest Rate Cuts Amid Trade Uncertainty

The European Central Bank (ECB) paused its interest rate cuts on July 2024, maintaining key rates at 2%, 2.15%, and 2.40%, following eight previous reductions since June 2024. This decision reflects uncertainty surrounding US-EU trade tariffs and conflicting views within the ECB regarding future mon...

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What immediate impact does the ECB's interest rate pause have on the Eurozone economy and global markets?

The European Central Bank (ECB) has paused its interest rate cuts, holding key interest rates steady at 2%, 2.15%, and 2.40%, respectively. This follows eight consecutive cuts totaling 200 basis points since June 2024. ECB President Christine Lagarde emphasized a wait-and-see approach, citing uncertainty surrounding trade tariffs.

kathimerini.gr

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Jul 25, 10:18

Turkey Cuts Interest Rate Amidst Political Uncertainty

The Central Bank of Turkey unexpectedly lowered its weekly repo rate from 46 percent to 43 percent on Thursday, defying analysts' expectations for a smaller cut; this decision reflects a belief that markets have stabilized and inflation is slowing, despite ongoing political risks.

Turkey Cuts Interest Rate Amidst Political Uncertainty

The Central Bank of Turkey unexpectedly lowered its weekly repo rate from 46 percent to 43 percent on Thursday, defying analysts' expectations for a smaller cut; this decision reflects a belief that markets have stabilized and inflation is slowing, despite ongoing political risks.

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What are the long-term implications of Turkey's interest rate cut for its economy and its position within the global financial system?

Turkey's interest rate cut signals a potential shift in economic policy priorities. While aiming for a lower inflation rate, this move suggests a willingness to accept higher inflation risks to boost economic growth. The success of this strategy depends heavily on the resolution of political uncertainties and the continued decline in inflation. Further rate cuts are possible, contingent upon maintaining market stability and meeting inflation targets.

kathimerini.gr

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Jul 25, 10:18

Greece Consolidates Military Conscripts, Boosts Reserves

Greece's Ministry of National Defense announced sweeping changes to its military structure, including consolidating all conscripts into the Army from January 1, 2026, to strengthen reserves by 5,000-6,000 annually, increasing soldier pay by up to 150 euros monthly, and investing 65 million euros in ...

Greece Consolidates Military Conscripts, Boosts Reserves

Greece's Ministry of National Defense announced sweeping changes to its military structure, including consolidating all conscripts into the Army from January 1, 2026, to strengthen reserves by 5,000-6,000 annually, increasing soldier pay by up to 150 euros monthly, and investing 65 million euros in ...

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How will the reallocation of conscripts affect the operational readiness and resource allocation of the Greek Armed Forces?

This restructuring aims to address Greece's demographic challenges and optimize military readiness. By centralizing conscripts in the Army, the government seeks to create a larger, more readily deployable reserve force, while simultaneously streamlining administrative and operational costs. The shift reflects lessons learned from the Ukraine conflict, emphasizing the importance of decentralized command structures and autonomous regional forces.

kathimerini.gr

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Jul 25, 10:18

Greek Economy Shows Growth Despite Persistent Structural Imbalances

The Hellenic Fiscal Council's Spring Report highlights persistent structural imbalances in the Greek economy, including large current account deficits, low productivity, and high public debt, despite projected 2.3% GDP growth in 2024; it emphasizes the need for productivity-enhancing policies and fi...

Greek Economy Shows Growth Despite Persistent Structural Imbalances

The Hellenic Fiscal Council's Spring Report highlights persistent structural imbalances in the Greek economy, including large current account deficits, low productivity, and high public debt, despite projected 2.3% GDP growth in 2024; it emphasizes the need for productivity-enhancing policies and fi...

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How do the report's findings on productivity, wages, and public debt relate to broader European economic trends and challenges?

While Greece's GDP surpasses 2019 levels, economic activity lags pre-crisis levels. The report highlights that labor productivity is only 55% of the Eurozone average, emphasizing the need for productivity-enhancing policies such as investment in education, technology, and infrastructure. These structural challenges, including high public debt and unemployment, necessitate sustained fiscal discipline and address aging population issues.

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