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Putin predicts ‘revolutionary’ changes

A new epoch of world history is approaching and only “truly sovereign” states will be able to succeed in the changed environment, Russian President Vladimir Putin said on Wednesday.  Speaking at a business forum, Putin claimed that “truly revolutionary,” “enormous” changes would lead to the creation of a new, “harmonious, …

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Russian president predicts ‘change of elites’ in West

Economic mistakes are pushing Europe to deepening inequality, a surge of radicalism, and, eventually, a “change of elites,” Russian President Vladimir Putin said on Friday. Speaking at the plenary session of the St. Petersburg International Economic Forum (SPIEF), the Russian leader argued that all the current talk in the West about the so-called ‘Putin’s …

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New Chelsea owner predicts threats & opportunities

The financial potential of Chelsea can be developed even further but the so-called ‘Big Six’ English football clubs will have to contend with the rise of Saudi-backed Newcastle United, according to new Blues owner Todd Boehly. Boehly and private equity firm Clearlake Capital completed their £4.25 billion ($5.2 billion) takeover …

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EU predicts how Ukraine conflict will develop

The conflict in Ukraine is likely to last for a long time but will eventually conclude with peace talks between Kiev and Moscow, EU foreign policy chief Josep Borrell said on Monday. Borrell said in an interview with France Info that he expects the Russian military offensive to drag on. …

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Ryanair CEO predicts soaring prices ahead

The European flying public should expect higher prices this summer when it comes to booking flights, Ryanair CEO Michael O’Leary has warned.  The cost of flying this summer will reach a “single-digit percent” high above pre-pandemic levels, the low-cost airline chief told BBC Radio 4’s Today program on Monday.  He …

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Trade body predicts who will suffer most from gas price spike

Prospects for the global economy have darkened since the outbreak of conflict in Ukraine, the World Trade Organization (WTO) said in a new report published on Tuesday. It has forecast that record-breaking prices for natural gas would hurt Europe the most. According to the report, the most immediate economic impact …

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World Bank predicts Ukraine economy shrinking

The World Bank has taken measure of the economic devastation caused by the Russia-Ukraine conflict, predicting double-digit GDP declines in the two countries and recessions in neighboring Belarus and Moldova. Ukraine will be hardest hit, with its economy shrinking by 45.1% in 2022, the UN-affiliated bank said on Sunday in …

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NATO predicts chances of Russian invasion in Baltics

Despite a number of recent warnings that Russia could be on the warpath, NATO sees no signs that Moscow is poised to order an invasion of the Baltic states, one of the US-led military bloc’s top officials has revealed as tensions mount in Eastern Europe. Speaking to reporters in Vilnius …

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