Some hawkish European Central Bank officials are pondering options to speed up the reduction of the institution’s €5

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Finland’s former Prime Minister Alexander Stubb said Tuesday he will run as a candidate in the presidential election early next year, in a race that also includes a popular former Finnish foreign minister who was a key negotiator of the Nordic country’s recent membership in NATO. Stubb, 55, who headed the Finnish government in 2014-2015 and later served as foreign minister, said he was “both honored and thankful for the trust bestowed upon me.” Prime Minister Petteri Opo and Finland’s conservative National Coalition Party had asked him to run. The Finnish head of state is elected by a popular vote every six years. Finland’s president has substantial powers, particularly in matters related to foreign and security policy, which the president decides together with the government. The president also signs bills into law, can veto legislative proposals and acts as Finland’s supreme military commander. The two-leg Finnish presidential elections will be held in January and February 2024. Stubb's candidacy is important for Finland's center-right parties, Finnish broadcaster YLE said, noting that Stubb has a “phenomenal ability to collect votes” and that there is widespread respect for his language skills, international contacts and ability to make quick decisions. Stubb, who is known for being very active on X, the platform formerly known as Twitter, will face the popular former Finnish Foreign Minister Pekka Haavisto among others. Haavisto, the former leader of the Greens party, will run as an independent candidate. He stepped down as foreign minister following April’s general election, which the center-side won, ousting a center-left government. Haavisto is one of Finland’s most popular politicians and topped recent presidential polls by several media outlets. He was the runner-up in the 2012 and 2018 presidential elections but was beaten on both occasions by current President Sauli Niinistö, whose second six-year term ends in March 2024. He is not eligible for reelection. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide

ROME (Reuters) -Italian banking stocks rose in early trade, regaining some of the ground lost after the government late on

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The White House said it had information that Russia was executing its own soldiers who retreated from an offensive in Ukraine or refused to follow orders. “We have information that the Russian military has been actually executing soldiers who refuse to follow orders,” White House spokesperson John Kirby told a media briefing on Thursday. “We also have information that Russian commanders are threatening to execute entire units if they seek to retreat from Ukrainian artillery fire,” he added. The US also claimed that some of the Russian casualties near Avdivvka were “on the orders of their own leaders”. Ukrainian forces have been fighting a Russian military onslaught in the frontline town of Avdiivka – a few kilometres north of occupied Donetsk – for several weeks since mid-October. Ukrainian president Volodymyr Zelensky described the situation as “particularly tough” earlier this week. Russia’s ambassador to Washington, Anatoly Antonov, made no reference to the White House statement but said that the latest military aid package of $150m to Ukraine by the US was “provocative and inflammatory actions in the international arena that look more like pouring oil on the fire”. He wrote on Telegram: “It is long past time to halt the mindless multi-billion dollar flow to the bankrupt Kyiv regime. Time to stop showing total disdain towards the opinions of your own citizens and indifference to the growing number of victims dying from American weaponry.” Mr Kirby confirmed that since 11 October Russia lost “at least 125 units of armoured vehicles around Avdiivka and more than a battalion’s worth of military equipment”. White House also said that the Russian troops in Avdivvka are struggling with “low morale”. Mr Kirby warned that Russia will likely continue to attack around Avdiivka and “may be able to achieve some tactical gains” in the coming months. However, he added that this will come at the cost of “thousands of casualties” as the Russian soldiers are thrown into battle without proper training and with “poor morale”. Mr Kirby said threats to execute the soldiers were barbaric, according to Reuters. “I think it’s a symptom of ... how poorly Russia’s military leaders know they’re doing and how bad they have handled this from a military perspective.” Additional reporting with agencies Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary As the Turkish Republic turns 100, here's a look at its achievements and challenges ahead White House says Russia is executing its own soldiers for not following orders Russia recruits prisoners for Ukraine war as Putin replicates Wagner

Harrison Ford brought the legendary titular character Indiana Jones back to the big screen this weekend with "Indiana Jones and the Dial of Destiny," but its opening box office showing was lower than advance estimates.

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Thousands of Los Angeles city employees, including sanitation workers, engineers and traffic officers, walked off the job for a 24-hour strike alleging unfair labor practices