“The Governing Council is not pre-committing to a particular rate path,” the ECB said in a statement that observed that “upside risks to inflation and the downside risks to growth have intensified.” The Bank said that implications of the war for medium-term inflation and economic activity will depend on the intensity and duration of the […]
Continue Reading“This work is carried out shoulder-to-shoulder, for our mutual benefit and in deep transatlantic partnership,” he added. Trump late Wednesday lashed out at Germany, a sign of his rising anger over allied reluctance to help with the war he launched against Iran and his pique at Merz criticizing the conduct of the campaign. “The United […]
Continue ReadingBut he said of the war response: “I think if he were doing that, if that were up to him, he would have probably helped us with Iran. “He would’ve followed the suggestions we made with respect to Ukraine, because we have some disagreements on Ukraine, not having to do with NATO so much as […]
Continue ReadingThe number incorporated weaker than expected figures from France, where GDP was flat from the fourth quarter. But the region’s largest economy Germany performed better than feared, growing 0.3 percent, while growth in Italy and Spain slowed by less than forecast. The war — and the resulting surge in oil and gas prices — has […]
Continue ReadingKyiv, meanwhile, is pressing for more concrete economic help. Chentsov said Ukraine wants “phased access to the EU Single Market linked to progress on reforms, deeper participation in EU programs and institutions, and swift progress on agreements like ACAA to facilitate trade.” An Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA) would allow […]
Continue ReadingThe Iran war has already cost the Pentagon $25 billion, a top Defense Department official said Wednesday, providing the first official price tag for a U.S. military campaign that has stretched two months. Acting Pentagon comptroller Jules Hurst gave the figure during a House Armed Services Committee hearing alongside Defense Secretary Pete Hegseth and Joint […]
Continue ReadingAnd while the government lifted the ban on defense exports last September, these exports were still severely limited by a reluctant government, with Zelenskyy even lashing out at some defense producers that struck deals with foreign countries. “I know about some 10 factories, built in different parts of the world behind the state’s back,” Zelenskyy […]
Continue Reading“New own resources are indispensable,” von der Leyen said, using the EU term for raising its own money. “Without them, the choice is stark: higher national contributions or lower spending capacity. In other words, less Europe exactly where Europe needs to do more.” The Commission in July proposed a package of measures that would increase […]
Continue ReadingThe material reportedly included details about Berlin’s military support for Ukraine and insights into the country’s defense industry, particularly companies developing drones and robotics. Authorities also accuse him of photographing public buildings in Berlin and documenting military convoys on German highways, including one linked to a NATO member country. The man is also suspected of […]
Continue ReadingVon der Leyen framed the conflict as further proof that the EU should accelerate its shift away from imported fossil fuels and electrify faster. “The way forward is obvious. We must reduce our overdependency on imported fossil fuels and boost our home-grown, affordable, clean energy supply. From renewables to nuclear, in full respect of technology […]
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