Breaking News: Europe
Sterling gains on unconfirmed reports UK PM Boris Johnson will resign today
Sterling hit a day’s high Thursday following multiple unconfirmed reports that Prime Minister Boris Johnson is set to resign. The pound rose 0.35% against the U.S. dollar to trade at $1.1971 around 9.25 a.m. London time. It comes after more than 50 MPs resigned from Johnson’s government within 48 hours. CNBC and NBC News were […]
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UK government resignations top 50 as PM Boris Johnson clings to power
British Prime Minister Boris Johnson attends a news conference during a NATO summit in Madrid, Spain June 30, 2022. Yves Herman | Reuters LONDON — Over 50 members of parliament have resigned from U.K. Prime Minister Boris Johnson’s government since Tuesday, as the unprecedented revolt against the leader from within his own party continues. After […]
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Russia says the West risks the ‘wrath’ of God if it punishes Moscow over the war; heavy weapons start to have an impact
Humanity at risk if the West seeks to punish Russia over Ukraine, official warns Former President Dmitry Medvedev said on Telegram on Wednesday that he thought it was a “crazy” idea “to create tribunals or courts for the so-called investigation of Russia’s actions” in Ukraine. Ekaterina Shtukina | Sputnik | Reuters A top Russian official […]
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Russia takes steps toward mobilizing economy for war; air alerts cover almost the whole of Ukraine
The battle for Sloviansk is fast approaching, UK says A market in Sloviansk was struck on July 5, 2022, following a suspected missile attack amid the Russian invasion of Ukraine. Miguel Medina | AFP | Getty Images Britain’s Ministry of Defense said a battle for the major city of Sloviansk on the front line in […]
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UK’s Boris Johnson suffers major blow as finance minister and health minister quit
Britain’s Chancellor Rishi Sunak (C) listens as Prime Minister Boris Johnson (L) addresses his Cabinet ahead of the weekly Cabinet meeting in Downing Street on June 07, 2022 in London, England. Leon Neal | Getty Images LONDON — British Chancellor Rishi Sunak resigned Tuesday, saying the government should be run “properly, competently and seriously.” Health […]
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Euro slides to 20-year low against the dollar as recession fears build
A euro currency symbol sits on display in the visitor centre at the European Central Bank (ECB) building in Frankfurt, Germany. Alex Kraus | Bloomberg | Getty Images The euro fell to its lowest level in two decades on Tuesday, sliding over 1% to hit $1.0305. It comes as fears of a recession in the […]
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Mayor tells civilians to flee as Russian forces approach; Ukraine warns it will need ‘colossal funds’ to rebuild
‘We have no alternative’ but to fight, Zelenskyy says “We have no alternative. It is about our independence, about our future, about the fate of the entire Ukrainian people,” said Ukrainian President Volodymyr Zelenskyy (pictured here on June 16). Ludovic Marin | Reuters Ukrainian President Volodymyr Zelenskyy has said that his forces have no option […]
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Russian forces turn firepower on Donetsk after capturing Luhansk; Zelenskyy vows Ukraine will win back its land
Russia’s ‘grinding and attritional’ tactics in the Donbas unlikely to change, UK says Britain’s Ministry of Defense has said that Russian forces, having seized the Luhansk province in the Donbas after weeks of intense shelling, are likely to employ the same tactics to seize Donetsk Scott Olson | Getty Images Britain’s Ministry of Defense has […]
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Russia says iron curtain is ‘already descending’; Biden pledges to stick with Ukraine for ‘as long as it takes’
Russian trial for American basketball player Brittney Griner begins American basketball player Brittney Griner (pictured here at the Tokyo 2020 Olympic Games) was accused by Russian authorities of having cannabis oil in her luggage and smuggling the narcotic material, a crime that could draw a 10-year jail sentence. Jean Catuffe | Getty Images American basketball […]
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Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years
The ECB has announced it will be hiking rates in July and September to counter record inflation. Daniel Roland | Afp | Getty Images Euro zone inflation reached a new record high in June just ahead of the European Central Bank’s first rate increase in 11 years. Headline inflation came in at 8.6% (year-on-year) for […]
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