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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US Defense Secretary Lloyd Austin and Russian Defense Minister Sergei Shoigu conducted their first phone call since the start of Moscow’s operation in Ukraine in late February. The news was confirmed by both sides on Friday. Austin has called for an “immediate ceasefire in Ukraine,” Pentagon Press Secretary John Kirby …
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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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US markets fell sharply on Thursday in Wall Street’s worst day since 2020, eviscerating all the gains from the previous day, after the US Federal Reserve announced plans to raise the key interest rate. The Dow Jones Industrial Average plummeted more than 1,000 points, or 3.1%, marking its worst daily …
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Citing high inflation, the US Federal Reserve has raised its base interest rate by 50 basis points, or 0.5%, and announced it would be selling off some assets from its $9 trillion balance sheet. The rate hike is the highest since May 2000, when the dot-com stock bubble burst. “Inflation …
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The US-led invasion of Iraq in March, 2003 was a war now accepted to have been built on lies and is said to have killed as many as one million Iraqis. However, despite the horrific bloodshed inflicted on the Iraqi people, the Western public seem to have forgotten so many …
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Syrian President Bashar al-Assad has stepped up an effort to thaw relations with Arab nations that opposed him during a war that devastated his country for 11 years, traveling to the United Arab Emirates for talks on improving ties with the oil-rich state. Assad met with Crown Prince Mohammed bin …
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UK Prime Minister Boris Johnson has said that Russia is gearing up for what could be the largest and bloodiest conflict in Europe since World War II. “The plan that we’re seeing is for something that could be really the biggest war in Europe since 1945 in just in terms …
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The buildup of Russian forces in Belarus is the largest number stationed in the country since the end of the Cold War, NATO Secretary General Jens Stoltenberg claimed on Thursday. In a statement made following a meeting with North Macedonia Prime Minister Dimitar Kovacevski, Stoltenberg accused Russia of sending combat …
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Judging by the way past US leaders have described their rivals, you’d think Washington has been fighting against the likes of Darth Vader. On March 8, 1983, then-President Ronald Reagan branded the Soviet Union, America’s Cold War adversary, as an “evil empire” that was the “focus of evil in the …
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