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Capitalism's Over? Plus, Trevi Fountain's Price Hike!

Limited Access at Rafah Crossing as Tensions Remain High

Efforts to reopen the Rafah crossing between Gaza and Egypt faced significant challenges, with only a small number of individuals receiving urgent medical attention able to cross as of February 2nd, 2026, according to Sky News. Israeli authorities initially indicated the crossing would be open for civilians in the morning, but actual crossings did not occur until sunset, Sky News reported.

The limited reopening occurred amidst ongoing discussions regarding European defense capabilities. Kaja Kallas, European Union foreign policy chief, cautioned against the creation of a separate EU army alongside NATO, Euronews reported. Speaking at a security conference in Norway on Monday, Kallas argued that such a move would be "extremely dangerous" and would blur chains of command in a crisis. "On the European level, we have the m," Kallas stated, emphasizing the need for a clear command structure in any military crisis, according to Euronews.

In other news, Rome implemented a €2 fee for tourists seeking closer access to the Trevi Fountain, Euronews reported. The measure, introduced by city authorities, aims to manage crowds and generate revenue for local museum funding. Timed tickets will regulate entry to the popular landmark, made famous by the film "La Dolce Vita," Euronews noted. Early footage showed smaller crowds posing for photos without being pressed by others, according to Euronews. City authorities expect the timed tickets to generate several million euros for maintenance.

Meanwhile, former Greek finance minister Yanis Varoufakis argued that capitalism has ended, replaced by an era of "techno-feudalism," Euronews reported. Speaking to Euronews after his panel at Web Summit Qatar, Varoufakis stated that big tech companies now wield unprecedented power over human behavior. He also warned that the world could be heading toward another crisis similar to 2008, driven by the rise of stablecoins and powerful tech platforms, according to Euronews.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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