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Lavrov speaks to Blinken for first time since Ukraine operation began

Russian Foreign Minister Sergey Lavrov spoke to US Secretary of State Antony Blinken at Washington’s request by phone on Friday, the ministry has confirmed. This is the first conversation between the two top diplomats since Russia launched its military operation in Ukraine in February. Besides the conflict, they discussed the grain export …

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NATO admits it’s been preparing for conflict with Russia since 2014

NATO Secretary General Jens Stoltenberg told reporters on Wednesday that increases in military spending and rising numbers of troop deployments in Eastern Europe since 2014 were carried out in anticipation of a conflict with Russia. Speaking after a meeting of NATO members and partner states in Madrid, Stoltenberg accused Russia …

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Putin to make first foreign trip since February

Russian President Vladimir Putin will visit Turkmenistan and Tajikistan next week in what will be his first foreign trip since the launch of the military operation in Ukraine on February 24. In Dushanbe, Putin will hold talks with Tajik President Emomali Rahmon. Negotiations and a working dinner have been planned …

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Fed announces largest US interest rate hike since 1990s

The US Federal Reserve has announced a 0.75% interest rate hike, the largest increase in 28 years, as the central bank’s chairman stressed the need to avoid a recession and tame runaway price inflation.  The Fed’s Open Market Committee announced the decision on Wednesday, saying it would raise short-term rates …

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Global economy in worst shape since WWII — IMF

The global economy is facing “its biggest test since the Second World War”, the managing director of the International Monetary Fund said at the start of the World Economic Forum in Davos. Kristalina Georgieva said the conflict in Ukraine has “compounded the Covid-19 pandemic – a crisis upon a crisis …

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Inflation in Austria highest since 1981

Inflation in Austria has jumped to its highest level in over 40 years, media reported on Wednesday citing data from the country’s federal statistics agency Statistics Austria.  “In April 2022, consumer prices again increased significantly compared to last year – by 7.2%. We saw such a high rate of price …

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World risks ‘worst famine since WWII’ – German minister

The world is about to face an acute food crisis due to skyrocketing food prices, German Economic Cooperation and Development Minister Svenja Schulze told Bild newspaper on Saturday, warning about a looming famine not seen since World War II. The minister has named Covid-19 pandemic and Russia’s ongoing military operation …

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