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The European Space Agency (ESA) is closely monitoring an asteroid named 2024 YR4, measuring 100 meters by 40 meters, which could pose a threat to Earth in approximately seven years. According to ESA, the asteroid has a one in 83 chance of impacting the planet, potentially causing "severe damage to a local region." Currently, 2024 YR4 is about 27 million miles away and moving further from Earth, but it is expected to cross the Earth’s orbit on December 22, 2032. Experts anticipate a near miss, with the asteroid likely passing within a few thousand miles of Earth. The Space Mission Planning Advisory Group, chaired by ESA, plans to discuss the asteroid's trajectory in an upcoming meeting in Vienna. Should the impact risk be confirmed, the group will make recommendations to the United Nations and explore possible spacecraft interventions. Dr. Simeon Barber, a space scientist at the Open University, cautioned against panic, stating that early detection systems often overestimate impact probabilities due to uncertainties in the asteroid's trajectory. Early alerts like this one may become more common as detection technologies improve.

The European Central Bank (ECB) has lowered its interest rates by a quarter of a percentage point to 2.75%, responding to a stagnating economy across the eurozone. This decision follows reports indicating significant slowdowns in the region's largest economies, France and Germany, both of which experienced contractions in the last quarter of 2024. Specifically, Germany's economy declined by 0.2%, while France shrank by 0.1%, and Italy recorded no growth. The ECB stated that inflation remains elevated, primarily due to wages and prices adjusting sluggishly to previous inflation spikes. Although wages have shown signs of moderation, many businesses are absorbing rising costs instead of passing them onto consumers. Carsten Brzeski, the global head of macro at ING, noted that the ECB's interest cut was warranted, but further reductions would be necessary to address the weak economic conditions. Financial markets predict additional cuts totaling one percentage point for the remainder of the year as the ECB continues to navigate persistent economic challenges.

The European Space Agency (ESA) is closely monitoring an asteroid referred to as 2024 YR4, which is approximately 100 meters long and 40 meters wide, with a potential to hit Earth in the near future. According to ESA, there is an estimated one in 83 chance of a direct impact, which could result in significant damage to a localized area. The asteroid is currently about 27 million miles away and is moving away from Earth, but it will cross our planet's orbit on December 22, 2032. The Space Mission Planning Advisory Group is scheduled to meet in Vienna next week to discuss the asteroid's trajectory and observations. If the risk of impact is confirmed, ESA plans to recommend actions to the United Nations and consider options for a spacecraft-based response. Dr. Simeon Barber from the Open University has emphasized that there is no immediate cause for alarm as early detection systems often overestimate impact risks. He noted that improved technology could lead to more frequent alerts as the ability to track these objects advances. The asteroid was first detected by a telescope in Chile, and astronomers are currently tracking its movements.