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

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 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

Israel’s government collapses — again. So, what now?

For the fifth time in four years, Israelis will return to the ballot box to vote for a new government. There is little indication that the next election will have a definitive result. Israelis may have to endure repeated elections … Read More

Ukraine: German Chancellor Scholz arrives in Kyiv — live updates

posted in: Germany, News

Along with France’s Emmanuel Macron and Italy’s Mario Draghi, Scholz is making his first trip to Ukraine since the Russian invasion. Follow DW for the latest. —3 European leaders go to Kyiv, expected to meet with Ukraine’s Zelenskyy —10,000 civilians … Read More

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