Obama’s term as president from 2009 to 2017 coincided with Merkel’s latter’s time in office, and the two leaders had a warm relationship. The former US President also had lunch with the current Chancellor of Germany, Olaf Scholz, on Wednesday. He said that both the leaders may be from opposite parties, but they share the […]
‘It’s not sustainable’ The political battle over water in the lead-up to this month’s elections has produced some strange bedfellows. The formerly socialist-held region of Valencia has aligned with Murcia, run by the conservatives of the Popular Party, to try to block any cuts. Socialist Castile-La Mancha, meanwhile, is supporting the government’s decree with the […]
The argument that this time will be different, moreover, rests on a shared hope that inflation in the post-pandemic world will behave in the same way as before – in other words, at lower rather than higher levels, and with much less need for subpar inflation. With output or rising unemployment to control it. It’s […]
After completing the ratification process, both Turkey and Hungary are required to send their ratification documents to the US government in Washington, which is NATO’s depository under the alliance’s founding treaty. Stoltenberg will formally invite Finland to join NATO. The Finnish government said that as a final step, Finland would deliver an “instrument of accession” […]
Sun said China was at least stepping back from “wolf warrior” diplomacy – a change from its sharp, coercive style of dealing with other countries over the past decade. “But if the question is whether the Chinese are capable of coming up with a new alternative world order, I don’t think so.” Evan Feigenbaum, a […]
2/The Sting in the Pipeline The war in Ukraine brought with it an energy crisis like no other. Post-Covid-19 reopening prices had already spiked for anything from oil to coal to natural gas. But when Russian tanks rolled into Ukraine in late February, European natural gas prices jumped nearly 400% in two weeks. By August, […]
The US, the European Union and other countries have imposed sweeping diplomatic and economic sanctions against Russia in response to the attack. The European Council has revoked Russia’s membership and Russia’s veto power in the United Nations Human Rights Council has been suspended. But Russia has dealt with these economic sanctions better than expected. Despite […]
He can’t pour the tequila fast enough. Premium Shots. Margaritas. Palomas. Sunrise sometimes. “We definitely run out every weekend,” says 24-year-old bartender Shubham Walwalkar, who is struggling to keep pace with the thirst of customers at a packed Revolution bar in southwest London. Tequila, the king of Mexican liquors, is making a splash in Europe. […]
The vote showed that India and China were not moved to explicitly condemn Moscow’s aggression, while both criticized Moscow’s threats to deploy nuclear weapons in the conflict. Prior to the vote Dai Bing, China’s deputy representative to the United Nations, took a neutral stance and called on both sides to stop fighting and enter peace […]
Although European prices have dropped to around 50 euros ($53) per megawatt hour (MWh) from last August’s peak of more than 340 euros, they are still above historical averages. This means European governments face another hefty bill to refill storage ahead of peak winter demand. To offset market volatility and avoid shortages, they will have […]
eastern edge of nato In Warsaw, Biden met with the leaders of nine Eastern European countries that were either aligned with Moscow or part of the former Soviet Union during the Cold War. Some of them are now among the strongest supporters of military aid to Ukraine. Biden said, “As the eastern flank of NATO, […]
Facebook parent company Meta is facing a potential tax bill of about 870 million euros ($925 million) in Italy after prosecutors launched an investigation into the company, two sources with direct knowledge of the matter said on Wednesday. The investigation was initiated by the magistrates of Milan at the request of the European Public Prosecutor’s […]
