Breaking News: Europe
U.S. fears Russia is using a ‘nuclear shield’ in Ukraine; Zelenskyy calls grain shipment a ‘positive signal’
BP’s Gelsenkirchen plant no longer uses Russian crude Shares of BP are up over 20% year-to-date. Sopa Images | Lightrocket | Getty Images Amid its second-quarter earnings update Tuesday, BP CEO Bernard Looney said that the firm’s refinery in Gelsenkirchen, Germany, no longer uses Russian crude, down from 50%. Oil majors have been one of […]
Read More
Ukraine’s first grain shipment in months leaves port; Putin says navy will be armed with hypersonic missiles
Putin says Russia’s navy will get new hypersonic missiles soon Russian President Vladimir Putin at the Navy Day Parade on July, 31 2022, in St. Petersburg, Russia. Planned Navy Day celebrations in Sevastopol in Russian-annexed Crimea were canceled on Sunday after officials accused Ukraine of carrying out a drone attack on the Black Sea Fleet’s […]
Read More
Ukraine denies missile strike on Donbas prison; Wagner fighters given front-line duties, UK says
Ukraine denies carrying out missile strike on prisoner camp Russia’s Ministry of Defense claimed Friday that 40 Ukrainian prisoners of war were killed and 75 wounded in a strike on a detention center in the town of Olenivka, in Russian-controlled Donetsk. NBC News was not able to immediately verify the Russian claim. Ukraine officials have […]
Read More
Ukraine’s counter-offensive in Kherson ‘gathering momentum’; UK advisor warns of nuclear risk
U.K. advisor warns of accidental nuclear escalation Stephen Lovegrove, the U.K.’s national security advisor, warned of the accidental escalation of a nuclear war with Russia or China, saying that global communication channels from the Cold War are no longer available. “The Cold War’s two monolithic blocks of the USSR and NATO – though not without […]
Read More
Biden administration makes offer to Russia for release of WNBA star Griner, ex-Marine Whelan
US WNBA basketball superstar Brittney Griner arrives to a hearing at the Khimki Court, outside Moscow on July 27, 2022. Kirill Kudryavtsev | AFP | Getty Images WASHINGTON – The United States has made an offer to the Russian government for the release of WNBA star Brittney Griner and former U.S. Marine Paul Whelan, Secretary of […]
Read More
Ukrainian forces reportedly attack key Russian supply route into occupied Kherson; Moscow wages gas ‘price terror’ on Europe
Yellen discusses price cap on Russian oil with UK’s Nadhim Zahawi US Treasury Secretary Janet Yellen speaks during a press conference in Bali on July 14, 2022. U.S. Secretary of the Treasury Janet Yellen highlighted a proposed price cap on Russian oil on a call with British Chancellor of the Exchequer Nadhim Zahawi on Tuesday, […]
Read More
Deutsche Bank beats expectations to post eighth straight quarter of profit
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank beat market expectations to post an eighth straight quarter of profit on Wednesday, recording a second-quarter net income of 1.046 billion euros ($1.06 billion). The German lender exceeded consensus expectations among […]
Read More
IMF slashes global GDP forecast as economic outlook grows ‘gloomy and more uncertain’
The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, dubbing the world’s economic outlook “gloomy and more uncertain.” The IMF now expects the world economy to grow 3.2% this year, before slowing further to a 2.9% GDP rate in 2023. The revisions mark a downgrade of 0.4 and 0.7 […]
Read More
Germany fears ‘serious’ situation as Russian gas flows are set to dwindle; Ukraine looks to resume grain exports
Ukraine’s economy has seen a sharp decline due to Russia’s war, says top aide A view of damage after market place hit by Russian attacks as Russia-Ukraine War continues in Bakhmut, Donetsk Oblast, Ukraine on July 25, 2022. Metin Atkas| Anadolu Agency | Getty Images Russia’s assault on Ukraine has taken a significant toll on […]
Read More
Wheat prices rise after Odessa attack; Russia says it targeted Ukraine military
Kremlin says Odessa strikes hit military infrastructure A spokesperson for the Kremlin on Monday insisted that the strikes in Odessa at the weekend targeted military infrastructure. Repeating an earlier statement from the defense ministry, Dmitry Peskov told reporters that the strikes wouldn’t influence the gain exports from the region. Ukrainian President Volodymyr Zelenskyy called the […]
Read More