List of All Articles with Tag 'euro'

Volodymyr Zelensky is likely going to meet Joe Biden at the White House and also visit Capitol Hill in a diplomatic trip to Washington next week, suggested several media reports. The Ukrainian president’s second visit to the US since Russia’s invasion comes at a time Congress is mulling Mr Biden’s request to assist Ukraine with as much as $24bn (£19bn) in military and humanitarian aid. The visit also comes when Western leaders have defended Ukraine’s counteroffensive against Russia, that officials under the condition of anonymity have said has been slow to take off. On Friday, Ukraine announced it had liberated a village near Bakhmut in a “lightning operation” after fierce fighting with Russian troops amid its counteroffensive. Mr Zelensky will meet the US president at the White House next Thursday, an administration official said on the condition of anonymity. Two congressional aides confirmed the war-time president’s trip to the Capitol. The two leaders could also attend a meeting of the UN General Assembly (UNGA) in New York to be held on 18-19 September. The White House National Security Council, however, has declined to comment on Mr Zelensky’s plans. That includes the likely meeting between the two presidents at the White House. This will be Mr Zelensky’s second visit to the US and also be only the second time he has ever visited any country abroad since the invasion in February last year. He had made a grand visit to the US in December last year and delivered an address to the US House of Representatives. In a bid to boost Ukraine’s military capabilities, Mr Biden sought a package of $13.1bn in additional military aid and another $8.5bn for humanitarian support, which also includes $2.3bn for financing and to catalyse donors through the World Bank. However, he is faced with pushback from conservative Republican lawmakers who have been calling for broad federal spending cuts and some of those allied with Donald Trump as they specifically look to stop money to Ukraine. The Congress is facing increasing strife over providing additional funding for Ukraine as the war is well into its second year and working to pass its annual appropriations bills before the 30 September deadline to keep the US government running. Mr Zelensky is likely slated to deliver a speech to the UNGA and also reportedly looking to hold meetings with other visiting world leaders. This has been claimed by Israeli prime minister Benjamin Netanyahu, who said he planned to meet Mr Zelensky on the sidelines of the UN meetings. Additionally, the US is looking to impose new sanctions on more than 150 individuals and entities related to Russia’s invasion of Ukraine. “The US was continuing our relentless work to target Russia’s military supply chains and deprive (Russian president Vladimir) Putin of the equipment, technology, and services he needs to wage his barbaric war on Ukraine,” Treasury Secretary Janet Yellen said. Read More Isolated Putin and Kim lay groundwork for second summit – as pair warned over ‘price to pay’ for cooperation Ukraine-Russia war – live: Kyiv is pushing ‘Putin forces back’ says UK as damage to Crimea fleet revealed Ukraine liberates village near Bakhmut amid Russian losses in east and south Ukraine ‘holds initiative’ in counteroffensive against Russia, says UK military chief Kim Jong Un stops to see a fighter jet factory as Russia and North Korea are warned off arms deals

By Bansari Mayur Kamdar European shares extended their rally on Friday, on track to end the week higher,

SANTIAGO DE COMPOSTELA German Finance Minister Christian Lindner said at the informal EU finance ministers meeting on Friday

The European Union’s next contest for a top job risks turning into a showdown between its two key

H&M’s revenue growth unexpectedly ground to a halt as the Swedish retailer raised prices even amid increasing competition

A stargazer who thought he’d made the discovery of a lifetime was brought down to Earth with a bump when a crater apparently left by a meteorite was revealed to be nothing more than a hole dug by beach-goers. Astrophysics enthusiast Dave Kennedy was over the moon when the hole, several feet wide and deep, appeared in north Dublin. He felt sure that a small, black, heavy rock found at the bottom of the hole was an asteroid from outer space, and contacted various astronomy experts in an effort to confirm his theory. He said a scorch mark on one side of the rock showed the angle at which it had fallen. “Only a month ago, I was watching a documentary from Nasa on exactly what we’re looking at so when I looked at it and saw how uniform it is, and the vast crater, I knew immediately I was looking at an impact site,” he said. Visitors to the Portmarnock beach gathered to inspect the crater. One said: “We’re down here quite a lot and never seen anything like this before, so it’s pretty spectacular.” However, Mr Kennedy’s optimism was short-lived. Within a day of his appearance on Virgin Media News, a “context note” on X (formerly Twitter) compiled from user information read: “It is in fact not a cosmic event - instead it was dug out the day before by 2 lads with a beach spade.” Footage on social media posted by friends of the young men showed them sitting in the hole, digging it out with children’s spades, and was captioned: “The hole we dug on Saturday”. Although the astronomy enthusiast was widely mocked, he said he would still have the rock analysed in the hope it wasn’t a “completely fruitless discovery”, Virgin Media News reported. Research on the chances of asteroids hitting Earth has focused on much larger rocks. Astronomers say Earth probably will not be struck by an object 1km wide (0.6 miles) for at least 1,000 years – but they have not ruled out smaller meteorites landing before then. Read More 4.6 billion-year-old meteorite sheds light on early solar system – study Best beach stays in the UK and Ireland for a peaceful break in 2023 Ukraine war: Kyiv ‘is pushing Russia back’, UK’s most senior military officer says War-blinded Ukrainian soldier cries with joy at new love at his wedding Ukraine ‘holds initiative’ in counteroffensive against Russia, says UK military chief

Bethany Patton steps up to the counter and places her pink mug into a shoebox-sized dishwasher. It spins. It whirs. Water splashes inside. After 90 seconds, the door opens and steam emerges. A barista grabs the mug, dries it and prepares Patton’s order — a 16-ounce Starbucks double espresso on ice. For bringing her own cup, Patton gets $1 off her drink. “Saving the environment is important and all, but I probably come here more in knowing that I’m going to get a dollar off,” says Patton, 27, a cancer researcher at Arizona State University. Two friends who came on the afternoon coffee run nod as they hold the cups that they, too, brought along. Just as noteworthy as what they're carrying is what they are not: the disposable Starbucks cup, an icon in a world where the word is overused. For a generation and more, it has been a cornerstone of consumer society, first in the United States and then globally — the throwaway cup with the emerald logo depicting a longhaired siren with locks like ocean waves. Ubiquitous to the point of being an accessory, it has carried a message: I am drinking the world's most recognizable coffee brand. Now, in an era where concern for sustainability can be good business, the Starbucks disposable cup may be on its way to extinction thanks to an unlikely force: Starbucks itself. CONVENIENCE COLLIDES WITH VIRTUE By 2030, Starbucks wants to move away completely from disposable cups, which represent big portions of the company’s overall waste and greenhouse gas emissions. The stated reason is that it's the right thing to do for the environment, and Starbucks has a history of lofty sustainability goals around various aspects of their global operations. Some have been met, such as new stores being certified for energy efficiency; others have been revised or scrapped entirely. For example, in 2008 the company said that by 2015 it wanted 100% of its cups to be recyclable or reusable. Today, that's still a long way away. Today's drive to overhaul the cup comes with an obvious business imperative. Producing disposable products like cups creates greenhouse gas emissions, which warm the planet and lead to extreme weather events and other manifestations of climate change. That goes against customers' increasing expectations for companies to be part of the solution to climate change. Still, while customers want companies to be environmentally conscious, that doesn’t mean they’re willing to give up convenience. And there's this: Could eliminating the millions of paper and plastic cups used each year hurt Starbucks? After all, those cups, in the hands of customers, are advertising — a market penetration that makes Starbucks feel ubiquitous. At the store where Patton gets her coffee, Starbucks already doesn't serve any in disposable paper or plastic cups. Customers who don’t bring their own are given a reusable plastic one that can be dropped off in bins around campus. It’s one of two dozen pilots over the last two years, aimed at changing how the world’s largest coffee maker serves its java. The goal: to cut the company's waste, water use and carbon emissions in half by 2030. Pulling that off will be tricky and fraught with risks. It provides a window into how companies go from ambitious sustainability targets to actual results. “Our vision for the cup of the future — and our Holy Grail, if you will — is that the cup still has the iconic symbol on it,” says Michael Kobori, head of sustainability at Starbucks. “It’s just as a reusable cup.” Starbucks sees the change as an opportunity to cast the siren, and the company, in a different light. It also wants to push more suppliers in its production chain to provide recycled material and partners, such as universities and other locales that house stores, to be able to handle all that comes with reusable cups. Erin Simon, vice president for plastic waste and business at World Wildlife Fund, says commitment from major companies can help. But ultimately, she says, major change can happen only with corporate collaboration — and government regulation. “Not one institution, not one organization, not even one sector can change it on its own," Simon says. At Starbucks, the changes will create ripple effects. Jon Solorzano, a Los Angeles lawyer who advises companies on developing climate-friendly operations and disclosures, (an area referred to as “environmental, social and governance”), says the company likely has hundreds of suppliers that help manufacture cups. “It’s kind of like turning an aircraft carrier around,” Solorzano says. “Little tiny tweaks, which seem insignificant, can actually have big operational challenges for an organization." Starbucks is not the first company to push toward a reusable cup. From large companies in Europe, such as RECUP in Germany, which uses reusable cups and other food packaging, to local coffee houses in cities like San Francisco, the goal for years has been to shed disposable paper and plastic. But as the largest coffee company in the world, with more than 37,000 stores in 86 countries and revenues of $32 billion last year, Starbucks could force change across the industry. At the same time, failure to adapt and lead could hurt the coffee giant in customers' eyes. “I’ll always choose the more sustainable company,” says Irene Linayao-Putman, a public health worker from San Diego who recently bought Starbucks while visiting Seattle. The road to overhauling the container transcends just making a different choice or spending money. Improving sustainability requires navigating a web of technological developments, seeking out like-minded suppliers and testing how far customers can be pushed to change. For Starbucks, it means doing two major things in parallel that seemingly conflict: Move toward only reusable cups while developing disposable cups that use less material and are more recyclable. And managing the optics along the way. “They are just trying to get more buyers,” 10-year-old Aria June said with a laugh after buying Starbucks in Seattle. Then, prodded by her father, she added that sustainability and getting more business could co-exist. THE MECHANICS OF REUSE At the Arizona State store, if customers don’t bring their own cup, they are given a reusable plastic one with a Starbucks logo. If they bring it back, they get $1 off, just like customers who bring their own. And if they don't want to hold onto it? There are bins around campus, and the cups are washed by the university — part of a partnership with Starbucks — and returned to the store. Cups too damaged to be reused, along with disposable Starbucks cold drink cups and other plastic found in the trash, are sent to the university’s Circular Living Lab. They're shredded, melted and extruded into long, lumber-like pieces. Those pieces are cut, sanded and built into boxes, which become the return bins for the reusable cups. “This obviously has some energy and production costs, but using recycled content is always going to be less energy intensive (and) emit less CO2 than using virgin plastics,” says Tyler Eglen, the lab's project manager. For several years, Starbucks has been increasing the amount of recycled material in disposable paper cups. In some markets last year, Starbucks began using single-use paper cups made with 30% recycled material, an increase from 10%. The plan is to have all cups at 30% recycled material in in all U.S. stores starting in early 2025. That pushes the limits of what can be done with recycled paper material that holds hot liquids. Paper pulp from recycled cups has shorter fibers than virgin pulp, which means less rigidity, important particularly with hot coffee. How much recycled material can be used in manufacturing new cups depends on how equipped any particular area is to gather material and recycle it. Big cities have major recycling infrastructure, but many communities around the world have little to no recycling capacity. Another barrier: the lining inside the cup, crucial to keeping a hot liquid from quickly breaking down the paper. Made of polyethylene, a heat-resistant plastic, the liner is about 5% of the total cup but a significant piece of its overall carbon footprint. There is also the plastic lid. “Today, the reality is that for protection, as we put a hot beverage inside, we need a good seal on those cups," says Jane Tsilas, Starbucks’ senior manager for packaging. A similar testing and refining process is happening with disposable cold-drink cups. At the Tryer Center innovation lab in Starbucks' Seattle headquarters, drinks with ice in plastic cups are placed in holders attached to a platform. It then shakes as technicians look for leaks and flaws. For the last several years, Starbucks has been testing different kinds of plastics. In 2019, the company went to a strawless lid, eliminating a good amount of plastic. By the end of 2023, the goal is to reduce by 15% the amount of material in each cup. To do that, technicians examine different parts of the cup to see where less material may be used without weakening it. For example, could reducing the thickness where many people hold the cup, about halfway between the middle and lid, mean the cup collapses and the drink spills on the customer? "If it passes tests with baristas, then we would put it in the stores,” says Kyle Walker, a packaging engineer on Starbucks' research and development team. NOT AS EASY AS IT MIGHT SEEM Eventually, the endpoint is this outcome, which is more sustainable and good PR, too: No more disposables at Starbucks. That's because no matter the tests or technological innovations, there are limits to how much waste can be reduced with disposable paper and plastic cups. Long-term reductions in waste will come from reusable cups. The company has a long way to go. Since the reintroduction of reusable cups in some stores in July 2021 — reusable cups were not used during much of the COVID-19 pandemic — only 1.2% of worldwide sales in fiscal year 2022 came from reusables. Starbucks refused to provide data on how many disposable cups it uses in any given year. For all the talk of sustainability and increasing consciousness about climate change, it’s fair to assume that a significant number of Starbucks’ disposables end up in landfills. Even in Seattle, a progressive city with good recycling infrastructure, there are many cups in garbage cans outside Starbucks stores. Valencia Villanueva, a barista at the Arizona State store, has noted a growing consciousness among customers about the cup-washing machine and the “borrowed” cup program. That gives her confidence that the future is reusable cups. After all, it's not as if anyone is clamoring to be wasteful — even if what they're giving up is an item that became something of a global status symbol. “Nobody," she says, “has complained and said they wanted a single-use cup.” ___ Peter Prengaman is news director of The Associated Press' climate and environment team and can be followed here. Video journalist Manuel Valdes in Seattle contributed to this report. ___ AP climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Citing sustainability, Starbucks wants to overhaul its iconic cup. Will customers go along? From piñata to postage stamp, US celebrates centuries-old Hispanic tradition Starbucks cheers ‘good progress’ in plan for 100 new UK shops

Britain’s military chief has defended Ukraine’s counteroffensive and said its troops “continue to hold the initiative” amid criticism that the pushback against the Russian invasion is moving slowly. The comments have also come as the war-hit nation’s deputy defence minister on Thursday said “good news” had emerged in the eastern front of the battlefield. “In the north, they are holding and fixing Russian forces there and in the south they are making progress between 10km and 20km, depending on how you judge it,” Sir Tony Radakin was quoted as saying by The Guardian at the DSEI arms fair in London. “The idea that war is neat and tidy, and you can plan and predict it to the nth degree is nonsense,” said Britain’s most senior military officer. He said progress of the counteroffensive could not be measured by a predictable timetable and warned the UK is vulnerable to a potential missile or drone attack as he pushed for a further discussion on improving homeland security. There is an “aggressive world out there in terms of state threats”, he said, pointing out it is now easy to “get close to a country and fly drones in”. British armed forces were “having a bigger conversation about homeland defences”, the chief of the defence staff said and asked whether within that “we need to have a conversation about integrated missile defence”. Admiral Radakin has been closely monitoring the war with communication lines to Ukraine’s most senior military commander Valerii Zaluzhnyi. The comments come a week after Nato secretary-general Jens Stoltenberg shot back at recent criticism of “slow” counteroffensive from Ukrainian troops as he pointed out the numbers of mines in the battlefield Ukraine is encountering are at a historic high. “The starting point is that the Russian army used to be the second strongest in the world. And now the Russian army is the second strongest in Ukraine. That’s quite impressive by Ukrainians,” he said. “No one ever said that this was going to be easy,” Mr Stoltenberg told lawmakers at the European parliament earlier this month. “Hardly any time in history we have seen more mines on the battlefield than we are seeing in Ukraine today. So it was obvious that this was going to be extremely difficult. “The Ukrainians are gradually gaining ground. They have been able to breach the defensive lines of the Russian forces, and they are moving forward,” he said. Ukrainian officials said the war being fought in the country is unlike any other, as its air space has not been shut down and it does not have top-tier warplanes like F-16s. Last month, several US and other Western officials suggested the grinding war’s counteroffensive stage was falling short of expectations – but did not choose to be quoted on their claims. Some officials pointed holes in Ukraine’s strategy and blamed it for concentrating its forces in the wrong places. The counteroffensive has been backed by billions of dollars’ worth of Western military equipment. Read More Just 14 UK tanks for Ukraine? We must do better than that Sunak says Russian leader ‘doesn’t want to be held accountable’ at G20 US sends Ukraine controversial depleted uranium weapons that can pierce tank armour Zelensky needed to sack his defence minister – but it goes beyond just corruption scandals From Challenger to Leopard: How Ukraine’s tanks compare to Russia’s

Ukraine’s military has “good news” in the eastern front of the battlefield where heavy fighting is underway to regain ground, deputy defence minister Hanna Maliar has said, saying Kyiv’s forces were making gains near Bakhmut. “We are moving forward in the Bakhmut direction. The main battles continue in the districts of Andriivka, Kurdyumivka, Klishchiivka. And we have good news there – Andriivka. The situation is very complex and changeable, we keep our fingers crossed,” the deputy defence minister said in her official Telegram channel on Thursday evening. Initially, the minister claimed Ukrainian forces had retaken Andriivka village, which falls south of Bakhmut, but the country’s Third Assault Brigade fighting in the region said the report was “premature”. “Currently, serious and heavy fighting continues in the districts of Klishchiivka and Andriivka,” the brigade from Ukraine’s ground forces handling military operations on the eastern front said. Ms Maliar also said Vladimir Putin’s troops had sustained “significant losses” in attacks on key towns as Ukrainian forces are bolstering their efforts to capture clusters of villages in a drive towards the Sea of Azov. The Russian casualties had “significantly reduced their ability to defend themselves”, she said. Senior military officials said heavy casualties have been inflicted on Russian forces on the southern front, with over 600 deaths of Russian soldiers. “The enemy, as a result of attempts to recapture at least some of the lost positions in the Tavria (south) direction in the last two days has lost 15 tanks and 12 armoured vehicles,” Oleksander Shtupun, spokesperson for troops on the southern front, said on national television. Russian personnel losses stand at 665 over two days, he said. As part of a critical component of Ukraine’s four-month-old counteroffensive, the country’s forces are pushing southward with the aim to split a land bridge created by Russian forces between the Crimean peninsula and the areas Ukraine holds in the east. Russia’s defence ministry claimed its forces repelled eight attacks in the east in the hotly contested areas south of Bakhmut. Ukraine’s military confirmed attacks on two Russian patrol ships early on Thursday and said it destroyed a sophisticated air defence system in the west of occupied Crimea. President Volodymyr Zelensky marked a direct and rare celebration of the attacks on the Russian navy in his nightly address. “The entire staff of the Security Service of Ukraine and our Navy should be specially commended for this. I thank you for today’s triumph – the destruction of the occupiers’ air defence system on the land of our Crimea. It is a very significant achievement, well done! Glory to all who fight for Ukraine! And thank you to everyone who helps!” he said in his nightly address. The war-hit nation has been pushing back in the southern region and making increasing missile hits on the Crimean peninsula this week to challenge Mr Putin’s control in the Black Sea region. On Wednesday, Kyiv said it seriously damaged a Russian submarine and landing ship undergoing repairs in a missile strike on a shipyard in the Crimean port of Sevastopol, home to the Russian Black Sea Fleet. Read More Zelenskyy is expected to visit Capitol Hill as Congress is debating $21 billion in aid for Ukraine Ukraine-Russia war – live: Kyiv is pushing Putin forces back, UK’s most senior military officer says With Russia isolated on the world stage, Putin turns to old friend North Korea for help Kim Jong-un tests out Putin’s limousine during historic meeting Why support for Ukraine is in danger of splitting the EU

Ukraine has the initiative in the war against Vladimir Putin and is pushing Russia back, according to Britain’s most senior military officer. Speaking at an arms fair in London. Sir Tony Radakin hit back at the idea Kyiv’s counteroffensive was struggling. “In the north they are holding and fixing Russian forces there and in the south they are making progress between 10 and 20km,” the Guardian reported him saying. His comments came as Ukraine president Volodymyr Zelensky hailed in his nightly address what he described as Ukraine‘s destruction of a Russian air defence system in the annexed Crimea peninsula “I thank you for today’s triumph,” he said, a reference to Russia’s “Triumf” air defence system. “The invaders’ air defence system was destroyed. Very significant, well done.” Ukraine has said it also attacked two Russian patrol ships on Thursday, ramping up its strikes to challenge Moscow’s dominance in the Black Sea region. The Ukrainian military, in a post on Telegram messenger, said it hit two Russian patrol boats in the southwest of the Black Sea, causing “certain damage” in the attack. Read More Kim Jong Un stops to see a fighter jet factory as Russia and North Korea are warned off arms deals She danced with Putin at her wedding. Now the former Austrian foreign minister has moved to Russia What is a Storm Shadow cruise missile?

By Jamie McGeever ORLANDO, Florida The euro was already poised to weaken further before the European Central Bank's

By Yoruk Bahceli and Naomi Rovnick Traders are standing firm on bets that the European Central Bank will