Breaking News: Europe
OPEC+ sticks with planned oil production hike as supply concerns weigh on energy markets
OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020. Mazen Mahdi | Afp | Getty Images A group of some of the world’s most powerful oil producers on Thursday agreed to stick to a planned output increase in August, defying calls to […]
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‘Everything was going fine between us’ Putin says of NATO expansion; war grinds on in Ukraine with one city under ‘constant shelling’
City of Lysychansk under ‘constant shelling’ as battle rages to control wider region Ukrainian soldiers in the eastern Luhansk region on June 23, 2022. On Wednesday, Serhiy Haidai, the governor of the Luhansk region where the fighting is most severe, said that the city of Lysychansk is under “constant shelling.” Anatolii Stepanov | Afp | […]
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European Central Bank member Holzmann says there’s ample room to hike to cool surging inflation
The ECB is heading to a critical meeting in July with a rate rise expected and investors awaiting details of its new fragmentation tool. Daniel Roland | Afp | Getty Images A member of the European Central Bank told CNBC Wednesday that there’s plenty of runway to hike interest rates, following the two planned raises […]
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‘Russian terror’ killing innocent civilians, Ukraine says; NATO reaches historic deal to expand further
What to expect from this NATO summit, and what’s already happened NATO leaders are gathering Madrid to outline their vision for the West’s security agenda. Nurphoto | Getty Images The NATO summit taking place in Madrid will be a historic one, its Secretary General Jens Stoltenberg said Wednesday, with a deal on the table to […]
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NATO reaches a deal with Turkey to admit Sweden and Finland, secretary-general says
Stoltenberg has said NATO’s updated Strategic Concept will likely refer to Russia as the “most significant and direct threat” to security. Anadolu Agency | Anadolu Agency | Getty Images WASHINGTON — NATO Secretary-General Jens Stoltenberg said Tuesday that the world’s most powerful military alliance reached a deal to admit Sweden and Finland after resolving the concerns of […]
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Lagarde plays down recession risks, says ECB is ready to ‘move faster’ on rates if needed
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images European Central Bank President Christine Lagarde on Tuesday played down concerns about a recession in the euro zone, also saying her team is ready to raise rates at […]
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NATO countries gather as Ukraine war overshadows Europe; Russian attack on shopping mall kills at least 15 people
NATO alliance set to meet in Spain as Russia’s aggression increases NATO chief Jens Stoltenberg has already previewed new moves by the alliance, announcing on Monday that it would increase its rapid response force and will bolster its battlegroups in eastern Europe. Yves Herman | Reuters The NATO military alliance is all set to meet […]
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NATO set to increase its high-readiness forces to over 300,000 in massive military buildup
Stoltenberg has said NATO’s updated Strategic Concept will likely refer to Russia as the “most significant and direct threat” to security. Anadolu Agency | Anadolu Agency | Getty Images NATO Secretary-General Jens Stoltenberg on Monday said the military alliance is poised to increase the number of its high-readiness forces to well over 300,000 as part […]
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Zelenskyy set to ask G-7 leaders for more firepower to fight Russian forces; Kyiv, Odesa and other key regions hit by missile strikes
UK’s Boris Johnson to tell fellow G-7 leaders they must end Putin’s ‘stranglehold’ on food prices British Prime Minister Boris Johnson is due to call on world leaders gathered at the G-7 summit in Germany on Monday to take urgent action to get essential food supplies out of Ukraine. The U.K. said it was working […]
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Ukrainian forces will have to leave key eastern city, Luhansk governor says; retired Russian major captured
Russian pilot captured is a retired major, revealing Moscow’s struggles to staff air force: UK A Russian pilot shot down and captured by Ukrainian forces confessed to being a retired major of his country’s air force, Britain’s Ministry of Defense wrote in its daily intelligence update. The pilot had joined Russia’s military contracting group Wagner […]
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