The European Central Bank (ECB) on Thursday announced a record rate hike in a bid to stifle record inflation across the euro area. The ECB’s three key interest rates were each raised by 75 basis points. “This major step frontloads … Read More
Poland’s top politician said Thursday that the government will seek equivalent of $1.3 trillion in reparations from Germany for the Nazis’ World War IIinvasion and occupation of his country. Jaroslaw Kaczynski, leader of the Law and Justice party, announced the … Read More
It’s not just about its enclave in Kaliningrad. It’s also about a cluster islands in the far north of Norway. Recently Russia has been screaming bloody murder about the effects of sanctions on its enclave of Kaliningrad. The Russians have … Read More
Legitimizing cheap Russian crude could boost sales and muddle the message on Ukraine Western sanctions already had the perverse effect of increasing the energy profits financing Russia’s war in Ukraine — and the G7’s new plan to fix that by … Read More
Amid record-high inflation and a Russian gas squeeze, the European Union’s 27 states are addressing their economic woes against the backdrop of Russia’s invasion of Ukraine. Leaders of the European Union’s 27 member states are meeting for the second day … Read More
European Parliament lawmakers on Wednesday narrowly voted to back a European Commission proposal for a total ban on new CO2-emitting vehicles by 2035. The Commission last year unveiled plans to stop the sale of vehicles using internal combustion engines as … Read More
European Union leaders agreed late Monday to ban two-thirds of Russian oil imports as part of a compromise deal to increase pressure on Russia while accounting for the economic effects on some EU nations that are more reliant on Russian … Read More
The European Union plans to invest up to €300 billion to reduce its dependence on Russian fossil fuels, the European Commission announced. The European Union intends to mobilize up to €300 billion ($316 billion) by 2030 to become independent of … Read More
RIGA, Latvia — The Kremlin has sought to minimize discussion of Russian war losses inside Ukraine. But apparent Ukrainian attacks on Russian soil in the past week highlight how the conflict has spilled across the border, unsettling residents of regions … Read More
Pope Francis said he has asked for a meeting in Moscow to help bring about an end to the war and warned that Russian Orthodox Patriarch Kirill, a key backer of President Vladimir Putin’s fight against Ukraine, should not become … Read More