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Scholz takes credit for ‘unanimous’ EU Ukraine vote

German Chancellor Olaf Scholz convinced Hungarian Prime Minister Viktor Orban to leave the room where the bloc’s leaders were voting on whether to open negotiations with Ukraine about joining the EU, he confirmed to reporters on Saturday, admitting the controversial tactic could not serve as a “universal solution.”  Scholz had …

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US Senate slams Credit Suisse over Nazi ties

The troubled Swiss bank Credit Suisse hampered the investigation into accounts possibly held by high-ranking German Nazis and SS officers, some of which turned out to be active for decades, the US Senate announced on Tuesday. The Senate Budget Committee published the findings on Holocaust Remembrance Day, after issuing its …

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Zelensky takes credit for derailing Minsk agreements

Ukrainian President Vladimir Zelensky personally refused to implement the 2015 Minsk agreements – a roadmap for peace in the east of the country, which was co-sponsored by Germany and France. He made the admission during an interview with Der Spiegel published on Thursday as he continues his tour across Europe. …

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UK credit card debt soaring

Credit card borrowing in the UK in April rose at the fastest annual rate in nearly two decades, according to data released by the Bank of England on Tuesday. The regulator revealed that spending on cards was 11.6% higher than last April, marking the biggest increase since November 2005, while …

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S&P, Fitch, and Moody’s withdraw Russia credit ratings

The globe’s three major credit rating agencies – S&P, Fitch, and Moody’s – withdrew ratings on Russia and Russian entities on Friday in order to comply with Ukraine-related European Union sanctions imposed on the country. The EU prohibited international financial institutions from rating Russia and Russian firms on March 15 …

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Millions of Britons wake up £1,040-a-year poorer as ‘temporary’ Universal Credit uplift removed, while UK economy begs for workers

On Wednesday, the temporary uplift to Universal Credit payments came to an end. The scheme provided recipients of social welfare with an extra £20-a-week throughout the pandemic; the government always said the uplift would be a temporary measure.  The scheme’s end also comes a week after the government’s Covid-19 furlough …

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‘She might kill somebody’: USA coach tells world to ‘give Russia a ton of credit’, lauds 17yo ace after Olympic volleyball mauling

The top-ranked side in the world were given a shock by the rampant Russians, losing 25-20, 25-12 and 25-19 as they slipped to their first defeat of the tournament. American coach Karch Kiraly did not shirk the 3-0 scoreline afterwards, singling out Dinamo Kazan prodigy Fedorovtseva and teammate Irina Voronkova for praise among opponents …

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