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WORLD

WORLD

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Major EU economy hit with surging energy costs

The price of imported energy in Italy rose in March by 72.5% on a yearly basis, the National Institute of Statistics (ISTAT) reported on Tuesday. Data showed that the increase in energy prices accelerated by 5.6% compared to February. Italy, which relies heavily on Russia for its energy needs, has …

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Finnish Parliament votes in favor of NATO membership

Finnish lawmakers voted on Tuesday in favor of requesting NATO membership. The vote came after parliament’s foreign affairs committee recommended the move due to a threat supposedly posed by Russian foreign policy to Europe. The 200-seat body overwhelmingly supported the application, with 188 lawmakers backing the decision and just eight …

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Musk raises concerns over US economy

Billionaire Elon Musk said on Monday that the US economy is probably in a recession that could last anywhere from a year to 18 months. He suggested, however, that recessions aren’t necessarily a bad thing, adding that he’s been through a few of them in his time in public companies. …

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US envoy weighs in on Ukraine NATO prospects

If Ukraine joins the US-led NATO military bloc, it might do so on a fast-tracked procedure – without fulfilling the Membership Action Plan (MAP), US Ambassador to Kiev Kristina Kvien has said. The US and NATO said they’re looking to make Finland and Sweden the newest members of the alliance …

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NATO issues response to Turkish terrorism concerns

NATO needs to deal with Ankara’s objections against the potential accession of Sweden and Finland to the alliance, Secretary General Jens Stoltenberg said. The two Nordic nations have decided to seek NATO membership, but their bids have been undercut by Turkey. President Recep Tayyip Erdogan said last Friday that his …

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Sweden submits formal application to join NATO

Swedish Foreign Minister Ann Linde has signed a formal request to NATO to accept the country as a member, the country’s mission to the military alliance reported on Tuesday. The government made the decision one day earlier. Linde said that signing the application “felt big and serious” in terms of …

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West conducting war against Russia – Kremlin

Western powers opposing Russia in Ukraine could be considered enemies waging a war against the state, Kremlin spokesman Dmitry Peskov said on Tuesday. He said economic sanctions, the arming of Ukrainian nationalists and giving them intel to attack Russian troops all amounted to acts of war. “Sure, we are still …

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Bezos and White House trade jibes over inflation

Amazon founder Jeff Bezos has blamed the Biden administration for trying to mislead the US public on inflation, arguing that increasing taxes on corporations and the wealthy won’t reduce consumer costs. The war of the words broke out over the weekend when Joe Biden tweeted that making sure that “the …

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Swedish FM signs formal application to join NATO

Swedish Foreign Minister Ann Linde has signed a formal request to NATO to accept the country as a member, the country’s mission to the military alliance reported on Tuesday. The government made the decision one day earlier. Linde said that signing the application “felt big and serious” in terms of …

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US Republicans accused of ‘enabling’ racism by ex-chair

The aftermath of Saturday’s mass shooting in Buffalo, New York has widened the gulf between supporters and detractors of former US President Donald Trump and his brand of populism within the Republican party, with ousted chairwoman Liz Cheney launching a new volley on Monday. She accused the current leadership of …

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