Reuters World News Brown shooter dead, EU-Ukraine and NY’s new cardinal
10 snips
Dec 19, 2025 A tragic twist in the Brown University shooting unfolds with the suspect found dead, linked to another killing. The EU commits a staggering $105 billion loan to Ukraine, navigating complex financial strategies. In a surprising move, Pope Leo XIV appoints Bishop Ronald Hicks as New York's new cardinal, marking a shift from the previous conservative leadership. Additionally, discussions of inflation's mixed impact and Japan's first interest rate hikes in decades add layers to this global news tapestry.
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EU Chooses Market Loan Over Frozen Assets
- EU leaders agreed to borrow $105 billion from markets to lend to Ukraine after failing to use frozen Russian assets.
- Legal and political concerns, especially in Belgium, made using frozen assets too risky, so the bloc chose a market loan instead.
Europe Steps Up As U.S. Pulls Back
- With the U.S. shifting away from funding aid, European countries now shoulder more of Ukraine's financial burden.
- The EU felt pressure to act amid recent criticism from Donald Trump and to show independent capability.
Inflation Eases But Pain Persists
- U.S. inflation rose slower than expected in November, just under 3% year-over-year, but data may be distorted by the government shutdown.
- Some costs eased like housing, while food, coffee, and electricity stayed high, so consumer pain remains uneven.
