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US government debt biggest threat to global economy – Russian NGO

US government debt and Washington’s budget deficit present the biggest threats to the global economy this year, Russian government agency Roscongress has warned. Washington’s $34 trillion burden is mathematically impossible to pay off, Roscongress has claimed in a report it published on Wednesday. The agency based its estimate on the …

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Germany names biggest threat to ‘peace and security’

Russia has been declared the biggest security threat in a top German strategic policy paper. Presented on Wednesday, Germany’s first ever National Security Strategy describes Moscow as a force threatening both regional and global order while stating that NATO is “always ready” to “defend its allies.” Moscow’s military campaign in …

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Beijing decries ‘biggest threat’ label

The G7 countries will not be able to trick the world into believing that Beijing is undermining global stability, Chinese foreign ministry spokeswoman Hua Chunying said on Monday. In a series of posts on Twitter, Hua blasted such a stance, writing: “Some G7 members called China ‘the biggest threat to …

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Moscow names German chancellor’s ‘biggest mistake’

German Chancellor Olaf Scholz will go down in infamy for making light of the suffering of civilians in Donbass at the hands of Ukrainian troops, Russian Foreign Ministry spokeswoman Maria Zakharova said on Friday.  She was referring to Scholz’s comment from February 2022, when he suggested that Russia’s claim that …

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France to nationalize country’s biggest power provider

France has announced a takeover bid to gain full control of the country’s largest utility, EDF. The government has made an offer of €9.7 billion ($9.9 billion) to nationalize electricity provider EDF, the country’s Ministry of Economy and Finance said on Tuesday. The state already owns 84% of the company’s …

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UK’s biggest rail strike in 30 years to go ahead

One of Britain’s fastest growing labor unions announced on Saturday that a series of planned strikes on the rail network and London Tube next week will be held. The action is expected to become the biggest walkout on the railway network in 30 years. Following weeks of negotiations between the …

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Russia’s biggest bank blocked from SWIFT

Russian banking giant Sberbank has been disconnected from the SWIFT global financial messaging system under a new set of sanctions approved by European Union leaders on Monday. “This sanctions package includes other hard-hitting measures: de-Swifting the largest Russian bank Sberbank,” European Council chief Charles Michel announced following the EU summit. …

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