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Survivors Challenge Greek Coastguard Over Deadly Shipwreck

Protesters hold a banner against EU and Greek government policies towards migrants during a protest, following a deadly collision between a migrant boat and a coast guard vessel off the island of Chios, in Athens, Greece, February 5, 2026.  Survivors of a fatal shipwreck near the Greek island of Chios are disputing the Greek coastguard’s official account of the incident that left 15 Afghan migrants dead. Authorities claim the migrants’ dinghy was traveling without lights, ignored repeated warnings, and suddenly veered into a patrol vessel, causing the collision. Multiple survivors, however, insist that no warnings were issued and that the dinghy never changed course. They say the coastguard vessel only revealed itself moments before impact, leaving them no time to react. Their testimonies have intensified calls from human rights groups for an independent investigation into the circumstances surrounding the tragedy. The incident has renewed scrutiny of Greece’s border enforcement...
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Loonie Surges After Canada Job Gains Beat Expectations

 

In a surprising turn of events, Canada’s job market outperformed expectations, leading to a surge in the Canadian dollar (often referred to as the “loonie”). Here are the key highlights:

  • Job Gains: Canada added 90,000 jobs in April, surpassing economists’ estimates. The majority of these gains were in part-time positions.

  • Unemployment Rate: Despite the robust job gains, the unemployment rate remained steady at 6.1%.

  • Market Reaction: The loonie strengthened against the US dollar immediately after the release of the employment data. However, it later retraced some of those gains.

  • Rate Cut Speculation: Prior to the report, there were expectations of a potential rate cut by the Bank of Canada. However, the strong job numbers have led traders to pare odds of a June cut back to a coin toss.

While the headline figures are impressive, it’s essential to consider the broader context. Canada’s rapid population growth due to immigration has led to a persistent trend of job creation falling short of new working-age entrants. Additionally, wage growth remains subdued, which the central bank views favorably in terms of easing inflationary pressures.

As policymakers await the upcoming April inflation report, the decision on interest rates will likely hinge on any surprises in inflation data. If inflation remains in check, the Bank of Canada may still proceed with a rate cut in June. However, the overall labor market trend suggests a softening, which could influence their decision-making process.

In summary, while the loonie celebrates the positive employment figures, the central bank’s focus remains on inflation dynamics. The next few weeks will be crucial in determining whether monetary policy takes a more accommodative turn or maintains its current stance. 

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