BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled the measures on Sunday after Russia cut gas supplies to Europe last week as it punched back against European sanctions and military support for Ukraine.
Issued on: 06/06/2022 – 09:17 British Prime Minister Boris Johnson will face a confidence vote by lawmakers in the governing Conservative Party later on Monday, the chairman of the 1922 Committee Graham Brady has told lawmakers. “The threshold of 15% of the parliamentary party seeking a vote of confidence in the leader of the Conservative
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Authorities in Sweden and Finland have raised alert levels for cyberattacks, concerned they face increased hacking risks because of the war in Ukraine and the two Nordic countries’ subsequent applications to join NATO. Since Russia invaded Ukraine in February, cybersecurity officials in Sweden and Finland haven’t seen an increase in attacks targeting critical infrastructure, though
Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $3 billion, including a $2 billion commitment from the kingdom’s sovereign-wealth fund,
Rampant inflation is helping reduce the weight of the world’s public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries—including Greece, Portugal and the U.K.—are on track to erase the additional debt raised to combat the Covid-19 pandemic as
Coatbridge’s MP has urged the Ministry of Defence to go “fur-free” – saying there is “no excuse” not to do so. Steven Bonnar made the plea after attending a special reception hosted by PETA, where he had the opportunity to see and feel the world’s first faux bear fur. This fabric has been expertly created
WASHINGTON—A rift between Western democracies and Russia and China is forcing policy makers to figure out how to keep conversations alive among nations with diverse views as they face economic challenges arising from the war in Ukraine. Indonesia’s announcement Friday that it has invited the leaders of Russia and Ukraine to a November meeting of
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WASHINGTON—Top world financial officials gathered in Washington this past week confronted a grim picture of the growing economic costs of Russia’s war in Ukraine and the challenges they face to help pay Ukraine’s short- and long-term bills. Ukraine needs around $5 billion a month in budgetary support for up to five months and roughly $600
