War in Ukraine: Biden flies to UK amid concern over cluster bombs
The US president is facing criticism over his decision to send the controversial weapons to Ukraine.
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ECB’s Centeno Sees Inflation Slowing With Core Prices to Follow
European Central Bank Governing Council member Mario Centeno said he’s confident inflation has peaked and is quickly receding,
1970-01-01 08:00
Labour’s Reeves Pledges Investment Despite Perilous UK Finances
The UK opposition Labour Party faces the prospect of regaining power against a backdrop of record high debt,
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German Voters Sour on Scholz as Government Support Hits New Low
Support for German Chancellor Olaf Scholz’s three-party coalition has fallen to the lowest level since it came to
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Solidarity or Squabbling: Five Things to Watch at NATO’s Summit
Leaders of the 31 countries that comprise the North Atlantic Treaty Organization will gather in Vilnius, Lithuania, for
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Ukraine-Russia war live: Putin scrambles to control narrative as Wagner falls silent after mutiny
Yevgeny Prigozhin’s Wagner group has “largely fallen silent” following the failed coup in June as Vladimir Putin has become “unusually prominent,” the UK ministry of defence has said. The rebel army’s troops were hurtling towards Moscow in an attempted mutiny, but the coup was called off at the 11th hour by the mercenary group leader. Since then, Wagner has gone quiet while Kremlin has scrambled to redirect the narrative in Putin’s favour after Russian media was initially “not prepared” for the mutiny. The defence intelligence said: “After the insurrection was defused, Russian state outlets sought to ‘correct’ claims that security forces had been passive. “Narratives promoted the idea that President Vladimir Putin had triumphed by thwarting the insurrection, while avoiding bloodshed, and sought to unite the country behind the president. “Nearly a week later, the state started to play down the significance of Wagner owner Yevgeny Prigozhin and the mutiny, while tarnishing his character.” Elsewhere, Rishi Sunak made clear on Saturday that Britain “discourages” the use of cluster munitions after Joe Biden agreed to send the bombs to Ukraine to aid the fight against Russia. Read More US will provide Ukraine with cluster munitions, White House says Why the US is willing to send Ukraine cluster munitions now What are cluster munitions? The controversial weapons US will send to Ukraine How many casualties has Russia suffered in Ukraine?
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BOE’s Bailey Rejects Calls to Raise Inflation Target Above 2%
Bank of England Governor Andrew Bailey rejected the need for an inflation target higher than 2%, warning that
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ECB Will Soon Reach Rate Peak at ‘High Plateau,’ Villeroy Says
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The European
1970-01-01 08:00
Ukraine Recap: US Cluster Bomb Decision Still Causing Waves
The US decision on Friday to provide controversial cluster bombs to Ukraine continues to cause waves, with some
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Britain’s Interest Rates Are Spiraling Into a National Obsession
On the same day that UK interest-rate expectations hit the highest since 1998, Bank of England Governor Andrew
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One Country’s Covid Restrictions Are Turning Into a Moneyspinner
Most countries couldn’t wait to dismantle travel curbs that were used to contain the coronavirus. Azerbaijan is gaining
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Ukraine’s 39-Year-Old Arms Chief Ramps Up Production in Face of Missile Hits
Just months after he was tapped to oversee Ukraine’s arms industry, Oleksandr Kamyshin says it produced more mortar
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