“Halting gas transit via Ukraine will have a drastic impact on us all in the EU — but not on the Russian Federation,” Slovak Prime Minister Fico said in a New Year’s address posted on social media. Fico — who is friendly with Russian President Vladimir Putin, meeting him in Moscow in a surprise visit over … Read more
Slovak Prime Minister Robert Fico is threatening retaliatory measures against Ukraine if Kyiv stops Russian gas transit to Slovakia as of Jan. 1. Ukrainian President Volodymyr Zelenskyy last week said his government “would not prolong the transit of Russian gas” once the current contract expires at the end of this year. Zelenskyy accused Fico of … Read more
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US President-elect Donald Trump is likely to return to the issue of tariffs in negotiations with China, as well as consider tax cuts and new sanctions, his former Treasury Secretary said in an interview on Thursday. “I think that tariffs do need to be used to get counterparties back to the table, especially China, which … Read more
But in her next breath she warned that now isn’t the time for victory laps. Ever-rising debt levels and the splintering of global trade under the pressure of geopolitical rivalries have cast a long shadow over the meetings, which begin in earnest Tuesday. The uncertainty is only fueled by the wars raging in both Eastern … Read more
The headline rate of inflation in the U.K. stuck at 2.2 percent in August, all but ruling out a second straight interest rate cut from the Bank of England on Thursday. Data from the Office for National Statistics showed that the underlying trend had — at least in the short term — stopped improving, owing … Read more
“I cannot say it because it’s a sort of open secret but yes, it became clear at some point that the name [of Thierry Breton] was part of the negotiation,” a French official with knowledge of the talks said on condition they remain anonymous. The rumor that Macron would eventually drop Breton circulated for weeks, … Read more
Financial markets took the hint and pushed the pound lower against the dollar and euro in response, while interest rate futures rose to reflect expectations that the bank will cut its key interest rate twice more by year end. The benchmark FTSE 100 stock index, meanwhile, rose 0.5 percent to its highest in nearly two … Read more
With Moscow making $180 billion from its oil exports last year, “it’s actually absurd to allow them to make this money by transporting this oil through Ukrainian territory, if the money is then being used to kill us,” Sovsun added. But Sovsun also hinted at a secondary aim for the ban: To overturn Hungary’s opposition … Read more
Not everyone was buying von der Leyen’s sphinx-like approach. The French Greens, for example, broke with their group to oppose von der Leyen, denouncing her for not detailing a “proactive pursuit of the Green Deal,” among other shortcomings. Green NGOs were similarly skeptical. Von der Leyen’s offerings “show there is no going back on climate,” … Read more
