Russia on the brink of historic debt default as payment period expires

posted in: News, Russia

KEY POINTS —Interest payments totaling $100 million were due on May 27 and subject to grace period which expired on Sunday night. —Sweeping sanctions imposed by Western powers in response to Russia’s invasion of Ukraine, along with countermeasures from Moscow, … Read More

Germany makes major announcement on army

posted in: Germany, News

Chancellor Scholz has promised to make the Bundeswehr the “biggest conventional army” among European NATO member states. The German military will contribute considerably to the strengthening of NATO’s east flank, the country’s Chancellor, Olaf Scholz, has announced. He also promised … Read More

Supreme Court overturns Roe v. Wade, ending right to abortion upheld for decades

posted in: News, United States

The U.S. Supreme Court officially reversed Roe v. Wade on Friday, declaring that the constitutional right to abortion upheld for nearly a half century, no longer exists. Writing for the court majority, Justice Samuel Alito said that the 1973 Roe … Read More

EU leaders talk economy as Russia slashes gas supplies

posted in: European Union, News

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

Germany refuses to agree to EU ban on new fossil fuel cars from 2035

posted in: Germany, News

Germany’s government is refusing to agree to European Union plans to effectively ban the sale of new cars with combustion engines from 2035, according to Finance Minister Christian Lindner. In its bid to cut planet-warming emissions by 55 per cent … Read More

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

—West, Russia in energy standoff since Ukraine invasion —German minister warns of ‘rocky road’ ahead —Minister does not rule out gas rationing —Says market threatened by ‘Lehman Brothers’ moment —Alarm stage decision does not change status quo: E.ON BERLIN, June … Read More

‘Green’ Germany Prepares To Fire Up the Coal Furnaces

posted in: Germany, News

Strongly held wishes and pixie dust won’t deliver a green utopia. Somehow, Germany, a country where the government is firmly committed to “green” energy, is preparing to fire up coal-burning power plants. The move is even more remarkable given that … Read More

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