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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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Bank of Canada Slashes Rates by 50 Basis Points as Inflation Stabilizes

The Bank of Canada (BoC) has made a significant move by cutting its key interest rate by 50 basis points, bringing the overnight rate down to 3.75%. This decision, announced on October 23, 2024, marks the central bank’s fourth consecutive rate cut since June.

The BoC’s aggressive rate cuts come as inflation has returned to target levels, providing the central bank with the confidence to ease monetary policy further. Governor Tiff Macklem emphasized that the rate cut aims to support economic growth and ensure that inflation remains within the desired range.

Economists had widely anticipated this move, given the recent trends in economic data and the central bank’s commitment to maintaining price stability. The BoC’s decision reflects its proactive approach to managing the economy amid global uncertainties and domestic challenges.

With this latest rate cut, the Bank of Canada continues to navigate the delicate balance between fostering economic growth and keeping inflation in check. The central bank’s actions will be closely watched as they impact borrowing costs, consumer spending, and overall economic activity in the coming months.


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