Breaking News: Europe
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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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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