Month: August 2022

Loss of trade with China would cost Germany six times more than Brexit, according to a study by Germany’s Ifo institute. Germany’s automotive sector would lose 8.47 percent of its value and its mechanical engineering segment would lose 4.34 percent. The warning comes amid a potential confrontation with Beijing over Taiwan, with the EU having […]

Denmark, Norway, and Sweden are to deepen military cooperation to counter Russia’s vaulting aggression in the Baltic Sea region, their defence ministers said at a meeting in Malmö, Sweden, Monday. “The Sund Strait region, which is the entrance to the Baltic Sea, is strategically important for Sweden, Denmark, and Norway in case of a crisis […]

The US administration under president Joe Biden on Monday pledged some $1bn in additional weapons for Ukraine, its largest direct shipment to date. The new US aide includes High Mobility Artillery Rocket Systems, 75,000 rounds of 155mm artillery ammunition, mortar systems, 1,000 Javelin and hundreds of AT4 anti-armor systems, as well as other equipment. In […]

Hungary’s regional development minister and ex-EU commissioner is giving “personal” guarantees to EU officials that Budapest is in compliance with EU criteria for disbursing post-pandemic aid. “We make enough institutional changes [and] because I’m the chief negotiator I can give personal safeguards for that”, Tibor Navracsics told The Guardian after being sent to Brussels to […]

Greek prime minister Kyriakos Mitsotakis has denied knowing that his own intelligence service tapped his main political opponent’s telephone. “What was done may have been in accordance with the letter of the law, but it was wrong,” Mitsotakis said in a special TV address Monday. “I did not know and obviously I would never have […]