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A DHL cargo plane crashed in a residential area near an airport in Vilnius, Lithuania, killing one person on board and setting a house ablaze, officials said. The plane crashed just outside Vilnius Airport at about 5:30 a.m., the airport said in a statement. One of the four people on board was killed, Tadas Vasiliauskas, a spokesman for Lithuanian Airports, which manages Vilnius Airport, said in a phone interview. The DHL plane, operated by Swiftair, a company based in Spain, crashed just before it was set to land, Mr. Vasiliauskas said. The plane crashed near a two-story home, burst into flames and set the building on fire, Renata Liaudanskiene, a spokeswoman for Lithuania’s Fire and Rescue Department, said by email.
Persons: Ramunas, Tadas, Vasiliauskas, Renata Liaudanskiene Organizations: DHL, Lithuanian Airports, Vilnius Airport, Swiftair, Rescue Department Locations: Vilnius, Lithuania, Leipzig, Germany, Spain
FILE PHOTO-The Bank of Israel building is seen in Jerusalem June 16, 2020. Israel's annual inflation rate dropped to 3.3% in July from 4.2% in June, its lowest rate since March 2022 but above a government target range of 1-3%. "The central bank will leave the door open for further rate hikes and maintain its relatively hawkish stance, given that the shekel remains weak and exposed to domestic political developments," said Goldman Sachs economist Tadas Gedminas. The Bank of Israel left its key rate unchanged in July after an aggressive rate hike cycle that took the rate from 0.1%. Minutes of the meeting showed policymakers were concerned the shekel could keep inflation from moving back to its target and that further rate increases were possible.
Persons: Ronen, Zalina Alborova, Benjamin Netanyahu's, Goldman Sachs, Tadas Gedminas, Morgan Stanley's Georgi Deyanov, Bhumika Gupta, Steven Scheer, Frances Kerry Organizations: Bank of, REUTERS, Reuters, Bank of Israel, Barclays, Citi, The Bank of Israel, Thomson Locations: Bank of Israel, Jerusalem, Israel
Israel's annual inflation rate held steady at 5% in April versus expectations it would ease to 4.7%, and stayed well above an official annual target of 1-3%. Shal believes the cycle will end next week and expects rates to stay on hold for the rest of the year, before the Bank starts cutting them in early 2024. When it began hiking rates in April of 2022, the Bank of Israel had initially hoped its front-loading stance would be able to cap its key rate at around 3%. The inflation rate has stayed at at least 5% since last October and peaked at 5.4% in January. Bank Leumi Chief Economist Gil Bufman noted "the drop in inflation in Israel since its peak is low compared to the other countries".
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