Ukraine has asked its allies to supply ammunition and artillery “immediately”, warning that it is short of stocks to protect against a Russian offensive Kyiv fears.
UK’s shortest-serving PM Liz Truss blames economic orthodoxy for its downfall
Truss’s term was ended last year when her largely unfunded mini-budget and tax cuts drove up borrowing costs, and mortgage rates and sent the pound plunging. This shattered Britain’s reputation
Europe’s Fossil Fuel Use Is Set to Plummet in 2023
As the European Union focuses on renewable energy sources to replace Russia’s energy supply, the amount of electricity generated from fossil fuels is expected to plummet.
Breaking ‘Vladimir Putin was wrong,’ says Biden as he sends 31 tanks to Ukraine
US President Joe Biden said that Vladimir Putin, his Russian counterpart, was wrong to believe Western resolve would “crumble”, as the Ukraine conflict drags on.
Germany is poised to back down on tank deliveries to Ukraine
Germany seemed poised to concede in the dispute over sending Leopard 2 tanks into Ukraine on Monday. This signalled its willingness to allow Nato allies to re-export theirs.
Coalition partners criticize German Chancellor’s indecisiveness about Leopard tank deliveries
Olaf Scholz’s supervisor was informed that Germany failed a historic test by refusing to send battle tanks from Ukraine at a weapons-pledging conference.
Rebuilding Ukraine to cost more than double World Bank estimate, says BlackRock boss
At an event in Davos, Volodymyr Zelensky, the head and largest money manager in the world, said that Ukraine will need more than $750bn (£608bn).
Brexit deal in danger amid concerns that Rishi Sunak will give in to EU demands
The Democratic Unionist Party (DUP), and Tory backbenchers have warned Rishi Sunak against “giving in” to the EU during negotiations over Northern Ireland Protocol.
Mystery leaks hit both Russian undersea gas lines, raising European suspicions
On Tuesday, European countries raced to investigate mysterious leaks in Russian gas pipelines that run under the Baltic Sea between Sweden and Denmark.
Europe’s metal industry is on the brink of collapse due to surging power prices
The skyrocketing energy bills are threatening Europe’s metal industry. Smelters have been forced to reduce production, or close their doors altogether, bosses warned Brussels.
Europe is headed for recession as the cost of living crisis worsens
The eurozone is likely to enter a recession. Monday’s surveys showed that the cost of living is increasing and consumers are cautious about spending.