Josep Borrell, the European Union’s foreign policy head, said at an event in Belgium on Thursday that Russia’s military would be annihilated by overwhelming force if Moscow used nuclear weapons during its war with Ukraine.
Author: admin (Kendrick Williams)
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UKRAINE’S FOREIGN MINISTER ADMITS BOMBING CRIMEA BRIDGE
Dmitry Kuleba, Ukraine’s foreign minister who has been one of the most outspoken advocates of more weapons and war, was caught in a prank Zoom video admitting to being behind attacks on civilian infrastructure in Crimea and Belgorod.
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SPOTLIGHT: BIGS GETTING BIGGER
The value of mergers and acquisitions that companies announced during the first nine months of this year is 34 percent below those making the news during the same period in 2021, data service Refinitiv reported.
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CHINA HALTS SALES OF LIQUEFIED NATURAL GAS TO EUROPE
China will no longer ship liquefied natural gas (LNG) to Europe to help ease the continent’s energy crisis, the government has told gas exporters, Bloomberg reported.
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PUTIN GIVES UPDATE ON UKRAINE WAR, KYIV’S REFUSAL TO NEGOTIATE, RECENT BOMBINGS
Russian President Vladimir Putin said Friday that Moscow continues to seek peace negotiations, does not want to destroy Ukraine, and believes that Germany is making a strategic mistake in trying to appease NATO instead of its own domestic interests.
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NOT A “PROXY WAR”: WEST IN FULL-OUT WAR WITH RUSSIA
One of NATO’s top priorities is to supply Ukraine with anti-missile systems after Russia’s attacks last week showed a willingness by the Kremlin to target civilian targets deep in major cities.
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YEN SINKS TO LOWEST VALUE IN 32 YEARS
The Bank of Japan’s insistence on holding its key interest rate at -0.25 percent has driven the yen down still further, sinking it to ¥146.95 to the dollar on 12 October, the lowest since 1998, and driving it down to ¥148.90 on 17 October, its weakest since 1990.
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“BREATHTAKING” DROP IN DEMAND SHOCKS CHIP COMPANIES
Earlier this month, leading computer chip makers Samsung Electronics and Advanced Micro Devices (AMD) reported earnings that fell far short of expectations, which many analysts interpreted as a sign that a lasting economic rebound is further away than previously thought, Bloomberg reported.
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TRUSS SACKS FINANCE CHIEF, BACKTRACKS ON MASSIVE TAX CUTS
After barely five weeks on the job, U.K. finance minister Kwasi Kwarteng got the boot from prime minister Liz Truss last Friday and was replaced by Jeremy Hunt, a veteran Conservative party politician and former foreign minister who immediately set about righting his predecessor’s wrongs.