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On May 25th, US Secretary of State Marco Rubio, who was visiting India, told the media on the 24th that a draft agreement between the US and Iran had gained the support of several Middle Eastern countries. Rubio said that seven to eight countries in the region currently support the draft, and the US is prepared to continue pushing it forward. Rubio also stated that nuclear negotiations are highly specialized, and "it's impossible to settle a nuclear matter in 72 hours by writing it on the back of a napkin," but President Trump's commitment to preventing Iran from acquiring nuclear weapons should not be questioned. Earlier that day, Trump posted on social media that negotiations with Iran were "going in an orderly and constructive manner," and that he had informed US representatives that there was no need to rush into an agreement with Iran.
On May 25th, European Central Bank (ECB) President Christine Lagarde stated that the ECB is likely to raise its inflation outlook when policymakers meet next month. She said on Sunday that the March forecast of 2.6% inflation this year "may be revised," adding that the situation "has changed" since then. Her comments confirm recent signals from policymakers, including Governing Council member Demarco. Demarco, in an interview, suggested that the forecast, released shortly after the outbreak of the Iran-Iraq conflict, might have been overly optimistic. Lagarde declined to elaborate on whether such a revision would lead to a rate hike by the ECB on June 11th. "The current situation is so uncertain that we must examine all available data, assess how the economy will develop in the coming quarters, determine whether action is needed, and what the medium-term impact will be," she said. "Our target is 2% in the medium term."
On May 25th, Kevin Hassett, US President Trump's chief economic advisor, stated that he believes the eventual drop in oil prices will create room for the Federal Reserve to cut interest rates. "We again expect that once an agreement is reached, energy prices will plummet," Hassett said. "When that happens, the Fed will have ample room to take the right action and lower interest rates." He emphasized his respect for the Fed's independence and praised Kevin Warsh, who was sworn in as Fed chairman last Friday. While the surge in US fuel prices caused by Iran's closure of the Strait of Hormuz poses a growing political risk to Trump and his Republicans in the November midterm elections, Hassett believes that accelerating inflation is primarily driven by energy prices. "If you look at the recent data reports, energy prices are absolutely worrying, but core prices have hardly changed," he said. "I think once we see energy prices fall, you might actually see negative inflation because of the drop in energy prices."
European Central Bank President Christine Lagarde: The current situation is too uncertain to make a commitment on interest rates; inflation forecasts may be revised in June, at which time the ECB will assess the economic situation by taking all data into account.
May 25th - According to sources, Uber's board of directors met on Saturday to discuss raising its takeover bid for German food delivery group Delivery Hero. Uber had previously offered €38 per share to Delivery Hero's largest shareholder, but this was rejected. Uber is currently evaluating whether to raise its offer again. Meanwhile, several Delivery Hero shareholders have stated they are seeking a price of over €40 per share for the entire company, which would value the company at approximately €13 billion.
According to the Financial Times, Uber (UBER.N) is considering a higher offer from Delivery Hero after its €11.5 billion takeover bid was rejected.
According to Fox News, citing US officials, Tehran has initially agreed to the framework of the agreement. We have completed 95% of the negotiations and are currently discussing the specific wording.
According to Fox News, citing U.S. officials, "We will not sign an agreement with Iran today or tomorrow; the president prefers to give them a few days to finalize the agreement."
On May 25th, US President Trump stated on social media: "If I make a deal with Iran, it will be a good and legitimate deal, unlike the one Obama made—which gave Iran a lot of cash and a clear open path to nuclear weapons. Our deal is the exact opposite, but nobody has seen it or knows what it is. It's not even fully negotiated yet. So don't listen to the losers who criticize things they know nothing about. Unlike those before me—who should have solved this problem years ago—I don't make bad deals!"
According to Saudi media outlet Alhadath, US sources, speaking about Lebanon, indicated that the US-Iran agreement includes the same provisions as the May 15 ceasefire. The draft US-Iran agreement includes a commitment to end hostilities in Lebanon.
The Norwegian government has contacted Ukrainian President Zelensky and the Ukrainian Prime Minister to express our support.
The Norwegian government condemns Russia's fierce drone and missile attacks on Kyiv.
According to Israel's Channel 13: Netanyahu stated at a security meeting that he has "limited influence over US President Trump."
According to the Qatar News Agency: The King of Jordan and the President of France spoke by phone to discuss regional developments.
On May 25, a U.S. official told CNN that sanctions against Iran cannot be eased until the country curbs its nuclear program. The official stated that the U.S. has not yet negotiated the release of Iranian funds as part of the agreement. Furthermore, the removal of Iran's nuclear stockpile is under discussion.
On May 25th, the European Central Bank (ECB) will convene a meeting of banks on Tuesday to discuss cybersecurity risks revealed by the latest AI models, such as the Claude Mythos Preview developed by Anthropic, and urge banks to accelerate efforts to protect their IT systems. ECB Supervisory Board Vice-Chairman Frank Elderson stated that it was "unfortunate" that European banks lacked access to the Mythos model, but he hoped that US banks attending Tuesday's meeting would share lessons learned from testing the model with their European counterparts. "The inability to use the model is not an excuse for inaction; malicious actors may soon gain access to this technology." According to Anthropic, the Mythos model has already identified thousands of high-severity vulnerabilities in all major operating systems and web browsers.
The European Central Bank will urge banks to accelerate efforts to protect their information technology systems at its meeting on Tuesday, discussing the cybersecurity risks exposed by the latest artificial intelligence models.
According to the Financial Times, the European Central Bank has convened a meeting with banks, demanding that they fix the flaws exposed by the latest artificial intelligence model.
On May 25, Al Jazeera, citing an Iranian source, reported that the United States is showing signs of backing down on two key issues: the mechanism for unfreezing Iranian assets and the scope of the ceasefire in Lebanon. The source stated, "A negative atmosphere has begun to emerge."
Polish Foreign Minister: Changes in US troop deployments on the European continent are nothing new.
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