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Germany’s business model is broken – minister

German Economy and Climate Action Minister Robert Habeck threw out the country’s entire business model on Monday, saying it relied on cheap energy imports from Russia that will never return. Habeck’s comments came during his announcement of a special tax on natural gas, intended to redistribute the impact of energy …

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Israel has accomplished its mission, prime minister reportedly says

Israeli Prime Minister Yair Lapid told municipal leaders that the Israel Defense Forces’ (IDF) military operation in Gaza has achieved its objectives and would be wound down, local media reported. As Lapid spoke, Egyptian-brokered ceasefire talks between Israel and the Palestinian Islamic Jihad continued. The prime minister told the group …

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Russia’s defense minister pays surprise visit to Ukraine

Russian Defense Minister Sergey Shoigu has inspected Russian troops involved in the ongoing military operation in neighboring Ukraine, the ministry revealed on Saturday. Shoigu met the commanding officers of the ‘South’ and ‘Center’ troops, Army General Sergey Surovikin and Colonel General Alexander Lapin, as well as other senior commanding officers. …

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UK Prime Minister Boris Johnson resigns as Tory leader

Boris Johnson announced his resignation as Tory leader on Thursday. He leaves amid several high-profile scandals, and following a wave of resignations of senior cabinet members. Johnson will remain acting head of the government until a new person is selected for the job. Johnson capped his short address by expressing gratitude …

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Another minister resigns from UK government

Will Quince, the UK junior education minister, has resigned from Boris Johnson’s government. The latest cabinet official to quit defended the embattled prime minister just two days ago. In an appearance on Sky News on Monday, Quince said No. 10 assured him that Johnson was not aware of allegations made …

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Minister shot dead in office

The Dominican Republic’s Environment Minister, Orlando Jorge Mera, has been shot and killed in his office by Miguel Cruz, a close friend he had known since childhood, the office of President Luis Abinader reported on Monday. Employees at the ministry told reporters they heard at least seven shots from the …

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Inflation in France has peaked – Finance Minister

Inflation in France has peaked, but is expected to stay at a high level for several more months before progressively decreasing, according to the country’s Finance Minister Bruno Le Maire. The rate reached 5.2% in May. “By end-2023, we should see a progressive decline of inflation. We could have an …

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Japan won’t quit Russian LNG project even if told to – minister

Japan will not withdraw from Russia’s Sakhalin-2 liquefied natural gas project even if it’s told to do so, the country’s industry minister told parliament on Tuesday. The comments follow criticism from Russia last week accusing Japan of benefiting from its participation in the project while being an “unfriendly nation” that …

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Strong ruble may pose risk to Russian economy – minister 

The ruble’s rapid gains may pose a risk to the country’s economy in the future, Economy Minister Maxim Reshetnikov told reporters earlier this week. “The current exchange rate is a problem in the long run, because the real effective exchange rate is 40% stronger than in the last five years,” …

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