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If economies recover and stimulus turbocharges pent-up demand, a lot of bank credit could result from central bank money. The increasing risk of a return of inflation in the US and Europe is beginning to galvanise debates among economists.
At least 15 people have been killed and another 400 are missing after a fire tore through Balukhali camp near Cox’s Bazar late on Monday. More than 17,000 shelters were destroyed, leaving 45,000 people displaced. Emergency services, volunteers and Red Cross staff worked for several hours to control the blaze.
The camp houses about 124,000 people, although the surrounding area shelters approximately 1 million Rohingya refugees. Read more HERE.
A volcanic eruption began in south-west Iceland near the capital, Reykjavik, on Friday. More than 40,000 earthquakes have occurred on the peninsula in the past four weeks, a huge jump from the 1,000-3,000 registered each year since 2014.
Unlike the eruption in 2010 of the Eyjafjallajökull volcano, which halted approximately 900,000 flights and forced hundreds of Icelanders from their homes, this eruption is not expected to spew much ash or smoke into the atmosphere. Read more HERE
Plan will also allow states most reliant on tourism to make bilateral arrangements with non-EU members – including UK
Suffering from terminal cancer and hospitalised since early March at the American Hospital in Paris, Hamed Bakayoko had been transferred in a serious condition to an institution in Freiburg, Germany, on the morning of 6 March to undergo experimental treatment. He died on 10 March at the age of 56.