Credit Suisse to Shutter Houston Office as Part of UBS Takeover
Credit Suisse Group AG is closing its office in Houston as part of the bank’s emergency takeover by
2023-08-02 07:59
Ukraine Recap: Drones Target Russia as Strikes Intensify
Russia shot down two Ukrainian drones over the Moscow region and jammed a third, part of an intensifying
2023-08-02 03:20
Russia should expect more drone attacks on its soil after latest Moscow strike, Ukraine warns
Russia has been warned that it will face more drone attacks – after a Moscow high-rise housing a number of government ministries was hit for the second time in three days. An adviser to President Volodymyr Zelensky, Mykhailo Podolyak, tweeted that the Kremlin will soon "collect all of their debts" over the invasion of Ukraine with further strikes on Russian soil. While Ukraine stops short of directly claiming such attacks, of which there have been a flurry in recent weeks, officials often show their satisfaction and seek to undermine Russia in any way they can as Kyiv's forces press on with their counteroffensive. "Moscow is rapidly getting used to a full-fledged war," Mr Podolyak wrote on X, the social media platform previously known as Twitter. He said Russia should expect "more unidentified drones, more collapse, more civil conflicts, more war". The building that was hit by the drone is known as the "IQ quarter", which houses the Russian ministry of economic development, the digital ministry and the ministry of industry and trade. While the repeated drone incidents have not caused casualties or major damage, they have provoked widespread unease and are an embarrassment for Russian President Vladimir Putin and the Kremlin, which is constantly seeking to give the impression to the country's citizens that its invasion – now nearly 18 months long – is proceeding according to Moscow's plan. "In this situation, any place can be hit, so it is quite hard to feel 100% safe... We don't know what will hit us and where," Moscow Alexander Gusev, 67, told Reuters. "Indeed, a threat exists, it is obvious, but measures are being taken," Kremlin spokesman Dmitry Peskov told reporters, declining to comment further. In a statement, the Russian defence ministry claimed to have thwarted what it labelled an "attempted terrorist attack" and downed two drones west of the Moscow city centre. It said another one was foiled by jamming equipment and went "out of control". Moscow Mayor Sergei Sobyanin said that was the drone that hit the same tower that had been struck on Sunday. "The facade has been damaged on the 21st floor. Glazing was destroyed over 150 square metres," Mr Sobyanin said. Vnukovo airport, one of three major airports serving the capital, briefly shut down but later resumed full operations. Elsewhere, Ukrainian regional officials said a doctor was killed and five medical workers were wounded in Russian shelling of a hospital in the southern city of Kherson. "Today at 11.10am [local time] the enemy launched another attack on the peaceful residents of our community," military administration head Roman Mrochko wrote on the Telegram messaging app. Regional governor Oleksandr Prokudin said four medical workers had been wounded in addition to a badly wounded nurse whose injuries were reported earlier. Mr Mrochko said the young doctor had only worked in his job for a few days and that doctors were fighting for the life of the nurse. Meanwhile, Russia also claimed it had stopped attacks by sea drones on its navy ships, plus civilian vessels in the Black Sea. Mr Podolyak later said that such statements were "fictitious" and that "Ukraine has not attacked, is not attacking and will not attack civilian vessels, nor any other civilian objects". Mr Podolyak said nothing of attacks on Russian navy ships, which Ukraine considers legitimate targets given the invasion it is battling. Moscow has said it would treat any ships leaving or entering Ukrainian ports as valid targets after it ended a deal for Ukraine to export its grain through Black Sea last month. Russia has since struck Ukrainian ports and grain infrastructure repeatedly. Kyiv has previously used drones to target Russia's navy base in Crimea and the bridge that Russia has built to the peninsula. Russia illegally annexed Crimea from Ukraine in 2014, and Kyiv has pledged to recover it along with other territory seized by Moscow since its full-scale invasion began last February. Late on Tuesday, the Moscow-installed governor of the Sevastopol district of Crimea said a drone had been shot down there too. Reuters contributed to this report Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary What would ECOWAS’ threat to use force to restore democracy in Niger look like? Mapped: The latest strikes on Ukraine and Russia as war rages on BP profits are cut in half to $2.6 billion as oil and natural gas prices fall
2023-08-02 00:48
European Stocks Drop as Earnings Season Weighs; BMW Drags Autos
European stocks dropped on Tuesday as the worst earnings season since 2020 rolled on. BMW AG led auto
2023-08-01 21:56
Ukraine-Russia war – live: Putin’s troops ‘feeling fatigue’ on frontline as another drone strike hits Moscow
A skyscraper in Moscow was the target of a drone attack for the second time in two days, as Volodymyr Zelensky warned Vladimir Putin the "war is returning" to Russia. Russia’s defence ministry claimed its anti-aircraft units downed drones headed for Moscow, but one of them ended up hitting the same high-rise building that was struck last Sunday. Mayor Sergei Sobyanin said that while the attack damaged the facade of the skyscraper’s 21st floor, it didn’t cause any injuries. Ukraine almost never publicly claims responsibility for attacks inside Russia or on Russian-controlled territory in Ukraine, but has increasingly highlighted how destroying Russia’s military infrastructure helps Kyiv’s counteroffensive. This comes as a 10-year-old girl and her mother were among at least six people killed after two Russian ballistic missiles struck an apartment complex and a university building in Zelensky’s hometown yesterday. At least 75 people were injured in the attack on Kyryvi Rih, as Zelensky called it an act of Russian “terror”. The head of Zelensky’s office, Andriy Yermak said the “Russian army is barraging Kherson” and targetting residential areas, adding that four people had been killed and 17 injured in the city. Read More Drones, military confusion and cracks in Putin’s authority: Ukraine’s push to sow discord in Russia’s ranks UK sanctions Moscow judges after British-Russian dissident Vladimir Kara-Murza’s appeal rejected Ukraine says Russian missiles hit another apartment building and likely trapped people under rubble
2023-08-01 17:52
UK House Price Declines Deepen as Borrowing Costs Cut Demand
British home prices fell further last month as borrowing costs held back demand, one of the largest mortgage
2023-08-01 16:53
Elon Musk ‘stopped Ukraine military using Starlink for military operation’
Billionaire Elon Musk reportedly restricted his Starlink internet access multiple times in Ukraine, which has affected Kyiv’s battlefield strategy. The world’s richest man denied the Ukrainian military’s request to turn on Starlink near Crimea, the Russian-controlled territory, during the ongoing war with Russia, the New York Times reported, citing people familiar with the situation. The Tesla CEO has been providing Starlink service to Ukraine since late February 2022, just days after Russian president Vladimir Putin launched his unprovoked invasion and a cyberattack took down the country’s internet. SpaceX’s Starlink makes up the majority of satellites orbiting Earth with more than 4,000 of them in the low-Earth orbit. Mr Musk’s unilateral hold over his satellite internet technology, which has been an essential part of Ukraine's communications since the war, has raised concerns among officials, according to the report. In February this year, SpaceX announced it had taken steps to prevent Ukraine's military from using the Starlink satellite internet service for controlling drones in the region. Following the announcement, Ukrainian presidential advisor Mykhailo Podolyak said SpaceX needed to pick a side in the war against Russia. Ukrainian authorities worried about over-dependence on a single source technology held talks with other satellite internet providers. But they acknowledged none rival Starlink’s reach. “Starlink is indeed the blood of our entire communication infrastructure now,” Mykhailo Fedorov, Ukraine’s digital minister, told NYT. The technology, he said, enabled artillery teams, commanders and pilots to watch drone footage simultaneously while chatting online. According to soldiers, the response times from finding a target to hitting it have been cut to about a minute from nearly 20 minutes. “The huge number of lives that Starlink has helped save can be measured in the thousands,” Mr Fedorov added. “This is one of the fundamental components of our success." Mr Musk also asked the US last year to fund for their internet services to Ukraine because they could not continue the arrangement. The company estimated the cost at nearly $400m over 12 months, according to a SpaceX letter reported by CNN. About 1,300 Starlink terminals purchased through a British supplier stopped working last year after the Ukrainian government could not pay the $2,500 monthly fee for each, according to the report. Meanwhile, defence secretary Lloyd Austin in June approved a Pentagon deal to buy 400 to 500 new Starlink terminals and services, that would provide the Pentagon control of the setting where the internet signal worked inside Ukraine for new devices to carry out “key capabilities and certain missions”. The Independent has reached out to Space X for a comment. Read More Elon Musk’s Starlink satellites are leaking radiation that harms deep space astronomy, study warns 'X' logo installed atop Twitter building, spurring San Francisco to investigate permit violation Ukraine war – live: Putin’s aide says Russia ‘would be forced’ to go nuclear if Kyiv’s pushback is successful
2023-08-01 16:51
State Banks Are Untold Story of Ukraine’s Survival (Correct)
When Sergii Naumov took over as chief executive at one of Ukraine’s biggest state banks before Russia’s invasion,
2023-08-01 16:51
Europe Gas Prices Extend Gains as Risks Outweigh Rising Storage
European natural gas prices rose for a second session as supply risks and uncertainty about the upcoming winter
2023-08-01 15:58
European shares slip as Asia factory activity falters
European stocks slipped on Tuesday as weak factory activity data from Asia and some disappointing earnings stalled a
2023-08-01 15:53
Aston Martin Raises £216 Million From Backers to Cut Debt
Aston Martin Lagonda Global Holdings Plc raised £216 million ($277 million) by selling new shares as the British
2023-08-01 15:28
BP Returns More Cash to Shareholders Despite Profit Miss
BP Plc raised its dividend by 10% and said it would buy back another $1.5 billion of shares,
2023-08-01 15:23