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‘Months or years’ before US arms reach Ukraine – media

Years could pass before some of the weapons in the upcoming “largest ever” package of US military assistance to Kiev actually reach Ukraine, according to Western media reports. On Tuesday, a number of mainstream media outlets cited anonymous US officials as describing the impending announcement of a $3 billion package …

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Germany to face highest inflation in 70 years – central bank

Germany is about to see its highest inflation in decades, the president of the nation’s central bank, Joachim Nagel, told the Rheinische Post on Saturday, adding that Germany might fall into a recession. “An inflation rate of even 10% is possible in the autumn months,” Nagel told the paper, adding …

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Pentagon plans ‘years’ of military aid to Ukraine

President Joe Biden’s administration has announced $400 million in new weapons aid to Ukraine, including four additional HIMARS rocket systems, and is making plans to keep supplying such hardware to Kiev for “months and years ahead.” A Pentagon official spoke of planning efforts to meet Kiev’s short- and long-term weaponry …

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US stocks off to worst start in over 50 years

US stock futures continued to decline Friday morning after the worst start to a year in decades. The Dow Jones Industrial Average is down 0.7% in pre-market trading, while the S&P 500 and Nasdaq 100 are sliding 0.67% and 0.59% respectively. Stock extended losses from Thursday’s session, with the Dow …

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EU warned of years of high gas prices ahead

Gas prices in the EU will remain high for several more years, Russia’s vice-premier and former energy minister, Aleksander Novak said on Friday, warning of serious problems across Europe when the autumn-winter period starts. Speaking at the St. Petersburg International Economic Forum, he said that the bloc needs to pump another …

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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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Levees rebuilt 17 years after Hurricane Katrina wrecked New Orleans

The US Army Corps of Engineers has finally finished rebuilding the system of levees, floodgates, and other protections surrounding the city of New Orleans. Stronger and more extensive than the structures it replaced, the flood-prevention system is the “largest civil works project in the Corps’ history,” Louisiana Governor John Bel Edwards announced …

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