Breaking News: Europe
European markets close down 2.8% as travel, tech stocks lead losses; oil prices fall 5%
LONDON — European stocks on Monday fell to two-month lows as global investors fled risk assets en masse due to fears over inflation. The pan-European Stoxx 600 provisionally ended down 2.8%, hitting its lowest level since Mar. 8. Travel and tech shares led the losses, down 5.8% and 4.8% respectively, as all sectors and major […]
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Putin attempts to justify Ukraine invasion at Victory Day parade in Moscow. Follow our live updates
Putin claims the West was ‘preparing for the invasion of our land’ Russian honour guards march on Red Square during the Victory Day military parade in central Moscow on May 9, 2022. Kirill Kudryavtsev | Afp | Getty Images Russia’s President Vladimir Putin has attempted to justify his unpreceded invasion of Ukraine on “Victory Day” […]
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60 feared dead in Russian bombing of a school in eastern Ukraine, regional governor says
Dozens feared dead after bomb hits school in Luhansk region Serhiy Haidai, the governor of the Luhansk region, said Sunday that at least two people had died after the bombing of a school. Haidai said, according to a Reuters translation, that the bombing occurred Saturday afternoon where 90 people had been sheltering. He said 30 […]
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Ukrainian forces pursue counteroffensive around Kharkiv; Russia rehearses ‘Victory Day’ parade. Follow our live updates
Ukraine’s counteroffensive around Kharkiv enters decisive phase, think tank says Ukrainian forces have secured further gains north and east of the city of Kharkiv in the last 24 hours, according to the U.S.-based Institute for the Study of War. The respected think tank says the counteroffensive could soon see Ukrainian forces push Russian forces out […]
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Italy freezes superyacht reportedly linked to Russian President Vladimir Putin
The Scheherazade 459-foot superyacht docked at the shipyard in Marina Di Carrara, Italy, on Wednesday, March 23, 2022. Francesco Mazzei | Getty Images WASHINGTON — The Italian government on Friday froze a yacht with reported links to Russian President Vladimir Putin, blocking the vessel from leaving its port. The Italian Finance Ministry said an investigation […]
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Biden announces a new military aid package to Ukraine as concerns about Russian escalation grow
U.S. President Joe Biden delivers remarks on arming Ukraine, after touring a Lockheed Martin weapons factory in Troy, Alabama, May 3, 2022. Jonathan Ernst | Reuters WASHINGTON — President Joe Biden announced Friday that he will sign a new weapons package for Ukraine, as the war-weary country enters its 11th week of conflict with Russia. […]
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ECB member pushes for quick move to raise rates, says Russia-Ukraine war could derail recovery
The European Central Bank should move quickly to raise interest rates in order to tackle soaring inflation, according to Finland’s central bank chief. His comments come as the U.S. Federal Reserve and the Bank of England’s tightening cycle intensifies pressure on the ECB to follow suit. “We have a conflict in pressures in monetary policy,” […]
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Russia renews assault on Azovstal steel plant ahead of ‘Victory Day’; Ukraine says evacuations to continue. Follow our live updates
Russia continues assault on Mariupol’s Azovstal steel plant, UK says People hold banners and shout slogans during a demonstration in support of Mariupol defenders on May 3, 2022 in Kyiv, Ukraine. Alexey Furman | Getty Images News | Getty Images Russian forces in the besieged coastal city of Mariupol have continued their ground assault on […]
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Bank of England hikes interest rates to 13-year high, sees inflation hitting 10%
BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely expected move, policymakers at the […]
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Fiji seizes $300 million superyacht belonging to Russian oligarch Suleiman Kerimov
The 106m-long and 18m-high super luxury motor yacht Amadea, one of the largest yacht in the world is seen after anchored at pier in Pasatarlasi for bunkering with 9 fuel trucks, on February 18, 2020 in Bodrum district of Mugla province in Turkey. Anadolu Agency | Getty Images Fijian authorities seized a $300 million superyacht […]
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