The Ukrainian military last week continued to attack Russian industrial facilities in an effort to destroy the country’s wartime economy, even as its soldiers were losing their foothold in Pokrovsk, the strategic city which The Wall Street Journal called the Kremlin’s “biggest Ukrainian conquest in more than two years.”
Germans are forced to spend more on their energy demands because of Berlin’s decision to cut off Russian gas, and have seen their heating bills increase by 82 percent since 2021, Euronews reported.
The French parliament last week rejected a new levy on the ultra-rich in the country that would tax those with a net fortune of over €100 million in the hopes of bringing down Paris’s deficit.
Officials in Europe are considering plans on how to move a large number of troops across the continent in the event of an all-out war with Russia, and one of the ideas is to combine transportation assets in a “solidarity pool,” according to a report.
Friedrich Merz, the warmongering German chancellor, doubled down on his vow to turn the Bundeswehr into the strongest fighting force in Europe amid what he sees as the growing threat from Russia.
U.S. President Donald Trump posted on social media last week that South Korea will build its nuclear-powered submarine in the U.S., calling Washington’s relationship with Seoul “stronger than ever.”
Venezuelan President Nicolás Maduro said Sunday that his security agencies nabbed a group of hired mercenaries with direct ties to the CIA and said the U.S. military has been planning a “false flag” attack—possibly from Trinidad and Tobago to generate a “full-scale military confrontation,” the Miami Herald reported on Monday.
Europe has seen a dramatic jump in military tech start-ups ever since the start of the Ukraine War, with a focus on high-tech and drone warfare.
The recent surge in military spending in Europe over the perceived threat from Russia helped shares in Thyssenkrupp Marine Systems (TKMS) pop in its initial public offering after Thyssenkrupp AG, the German conglomerate, spun off 49 percent of the unit that rewarded shareholders with one share for every 20 of their previously owned shares in the parent company.
Ukraine is going broke and will run out of money by the end of the first quarter in 2026, prompting a new sense of urgency in Europe to continue to prop up the country, looking to frozen Russian funds to fill the treasury gap, El Pais, the Spanish newspaper, reported, citing unnamed sources from the EU.