Analysis-ECB throws markets crumbs of comfort against a turbulent backdrop
By Yoruk Bahceli and Naomi Rovnick The European Central Bank steered clear on Thursday of signalling any big
2023-10-27 02:16
European Union leaders seek aid access to Gaza and weigh the plight of EU citizens there
European Union leaders gathered Thursday to debate ways to use their combined leverage to ensure that more aid reaches Palestinians in need, and how to help EU citizens in Gaza escape danger, including some held hostage by Hamas. EU nations have long been divided in their approach to Israel and the Palestinians, but the brutal nature of the Hamas attack on Israel on Oct 7., which killed more than 1,400 people, and the hardship of civilians forced from their homes in Gaza have shone a bright spotlight on those divisions. Across the EU spectrum, Austria, Germany and Hungary are among Israel's top supporters. The leaders of Austria and Germany went to Israel to show solidarity after the assault. Spain and Ireland often focus on the plight of the Palestinians. Hamas, for its part, is on the EU’s list of terrorist groups. The challenge has been to strike a balance between condemning the Hamas attacks, supporting Israel’s right to defend itself and ensuring that the rights of civilians on both sides are protected under international law. EU envoys have wrangled in recent days over whether to call for a “humanitarian pause” or “pauses,” or even a “window” in the fighting, to allow aid in. Israel’s strongest backers oppose any language that might be seen to constrain its right to self-defense. Meanwhile, the death toll in Gaza has soared past 7,000, according to Palestinian officials. It’s unprecedented in the decades-long Israeli-Palestinian conflict. A draft of the leaders’ summit statement, seen by The Associated Press, sees them call “for continued, rapid, safe and unhindered humanitarian access and aid to reach those in need through all necessary measures including humanitarian corridors and pauses.” Irish Prime Minister Leo Varadkar said: “I’m not obsessed about what language we use. What we want is the killing and the violence to stop; to stop so that humanitarian aid can get into Gaza, where Palestinian people are ... suffering, and also to allow us to get EU citizens out." He said that about 30 Irish Palestinian citizens are stuck. "We’re keen for them to be able to leave Gaza if they want to leave, and that’s currently not possible,” Varadkar told reporters. Despite its limited political leverage, the 27-nation bloc is the world’s top aid supplier to the Palestinians. It has sent almost 78 million euros ($82 million) this year and over 930 million euros ($982 million) since 2000. The EU has little influence over Israel – the United States is its staunchest ally – but remains the country’s biggest trade partner. The EU’s executive branch, the European Commission, has trumpeted what it calls an “air bridge” for Gaza – it consists of two plane loads of aid so far – and has demanded that more humanitarian assistance be allowed into poverty and conflict-hit Gaza. In recent days, Israel has let more than 60 trucks with aid enter from Egypt. Aid workers and the EU say it's not enough, just a tiny fraction of what came in before the war. Israel is still barring deliveries of fuel — needed to power generators — saying it believes that Hamas will take it. A warning by the U.N. agency for Palestinian refugees, UNRWA, over waning fuel supplies has raised alarm that the humanitarian crisis could quickly worsen. Gaza’s population has also been running out of food, water and medicine. The EU is UNRWA’s third biggest funder. Dozens of European nationals are believed to be among the more than 200 Israelis and foreigners taken hostage by Hamas. Scores more have been caught up in the turmoil as around 1.4 million of Gaza’s 2.3 million residents fled their homes under orders from the Israeli army. Exact numbers are difficult to establish as some countries prefer not to provide them for security reasons. EU officials also declined to say. Qatar has become a key interlocutor for countries hoping to have their captive nationals released. EU officials have said that Turkey could also play an important role, underscoring the need for the bloc to maintain good relations with countries in the region, beyond Israel. In the draft summit statement – perhaps due to the extreme security concerns – the leaders note only that they “reviewed the state of play and the follow-up on the different strands of action, including concerted efforts to assist EU citizens.” Read More Harris will attend an AI summit at a UK estate that was a base for World War II codebreakers European Union to press the leaders of Serbia and Kosovo to set decades of enmity behind them Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan British leader Rishi Sunak marks a year in office with little to celebrate Belgian police are looking for a Palestinian man following media report he could plan an attack
2023-10-26 22:20
ECB pauses record streak of rate hikes
LONDON The European Central Bank broke the longest streak of interest rate rises in its 25-year history on
2023-10-26 20:45
Europe Inc warns business is tough on home turf
By Silvia Aloisi and Richa Naidu LONDON/PARIS Some of Europe's top companies, including Volkswagen and Unilever warned on
2023-10-26 20:22
Pope accepts resignation of Polish bishop after ‘orgy’ scandal in diocese
The Pope on Tuesday accepted the resignation of a Polish bishop whose diocese has been hit by reports of an orgy involving priests and a male sex worker. The Vatican did not give any reason for the departure of 59-year-old Bishop Grzegorz Kaszak as head of the diocese of Sosnowiec, in southwestern Poland. The bishop resigned after one of his priests was placed under criminal investigation over reports from last month that he had organised a sex party. It was also alleged that the male sex worker who had been invited to the orgy involving priests from the diocese had lost consciousness due to an overdose of erectile dysfunction pills. In September, Gazeta Wyborcza, a liberal daily Polish newspaper, published a report stating that during the gathering, which took place in a facility owned by the parish of the Blessed Virgin Mary of the Angels in Dabrowa Gornicza, one of the priests had contacted emergency services to request an ambulance. But the paper — according to the New York Times — reported that the priests at the event hindered paramedics from helping the unconscious man. Paramedics later called the police and only then the priests relented. Waldemar Lubniewski, spokesman for the District Prosecutor’s Office in Sosnowiec, said at the time the investigation was focused on a “failure to provide assistance to a person in a situation that poses an immediate threat of loss of life or serious damage to health”. Father Tomasz Z, the priest who allegedly arranged the sex party within his church apartment, was identified solely by the diocese. He spoke with the Polish media last month, contesting the specific details of the incident. He questioned the accuracy of the count of priests present during the alleged sex party and remarked, “it is worth reading what the definition of an orgy is”. He brushed off the controversy over the events in his apartment as “an obvious attack on the church, including the clergy and believers” and said that the uproar would not have happened if “something similar had happened” to a person outside the clergy. But the diocese largely corroborated the media reports. It said that an outside investigative commission had concluded that Father Tomasz committed “a very serious violation of moral norms” as well as of his obligations as a priest. In a statement last month, the diocese said that the “participation” of Father Tomasz “in what happened on the night of August 30-31 is not in doubt”. It said that he had been stripped of all functions at the diocese and was “sent to live outside the parish”. Kaszak announced his resignation on 24 October but did not provide any more details. He has not been accused of having been involved in the alleged orgy but reports say he is being held responsible for the conduct of the priests under his diocese. “I ask everyone to forgive my human limitations,” he wrote in his statement. “If I have offended anyone or neglected something, I am very sorry.” Kaszak was designated as a bishop in 2009 by the then-Pope Benedict XVI, following a brief stint as the second-in-command in the Vatican’s family office. The Vatican embassy in Poland has announced that Archbishop Adrian Galbas of Katowice will serve as a temporary administrator, overseeing the diocese of Sosnowiec until the appointment of a new bishop. Read More The pope's absolute power, and the problems it can cause, are on display in 2 Vatican trials Vatican defends wartime Pope Pius XII as conference honors Israeli victims of Hamas incursion Pope Francis pushes to ‘open church to all’ as critics accuse him of ‘poisoning’ Catholicism 'Let's Fly,' the latest exhibition from the Balloon Museum, awakens childlike wonder in all of us Experts reconstruct the face of Peru’s most famous mummy, a teenage Inca sacrificed in Andean snow Pope accepts resignation of bishop of Polish diocese where gay orgy scandal under investigation
2023-10-26 19:53
Your baby has too many names, Spanish duke told
Spain’s prestigious and most senior aristocratic dynasty has come under fire for breaking the rules - for having an unlawfully long name for the duke’s newborn. Fernando Juan Fitz-James Stuart y de Solís, 33, the 17th Duke of Huéscar and heir apparent to the dukedom of Alba, and Sofía Palazuelo, 31, his wife, wreaked havoc in the legal register office after they endowed their second child with over a dozen names. The astonishing name is as follows: Sofía Fernanda Dolores Cayetana Teresa Ángela de la Cruz Micaela del Santísimo Sacramento del Perpetuo Socorro de la Santísima Trinidad y de Todos Los Santos. But to their dismay, the register rules state that the name given to a child must not exceed more than one “one compound name” and “two simple ones,” as reported by El País. The duke had named his daughter after the late duchess, who died in 2014, aged 88, María del Rosario Cayetana Paloma Alfonsa Victoria Eugenia Fernanda Teresa Francisca de Paula Lourdes Antonia Josefa Fausta Rita Castor Dorotea Santa Esperanza Fitz-James Stuart y de Silva Falcó y Gurtubay. In addition to these 19 names, the Guinness World Records states that Cayetana held 46 titles which is more than any other noblewoman. The first name, Sofía, was chosen in honor of the newborn’s mother and grandmother, Sofía Barroso, and the second, Fernanda, as a tribute to her father, Duke of Huéscar, as well as her great-uncle, Fernando Martínez of Irujo, Marquis of San Vicente del Barco. But despite the tributes, “the girl will not be able to be registered in the Civil Registry with a string of names that surpass all rules, even though it is a tribute to the deceased Duchess of Alba and other members of the family and includes religious devotions,” Le Pais wrote. Read More New therapy offers hope for cancer patients with limited treatment options AI-generated child sexual abuse images could flood the internet. A watchdog is calling for action Spain’s acting government to push for a 37½-hour workweek. That's if it can remain in power
2023-10-26 19:49
‘Getaway king’ French gangster who escaped prison in helicopter is jailed again
A jailed French gangster known as the “getaway king” after two dramatic escapes from prison - one involving a hijacked helicopter - will be locked up for a further 14 years. Redoine Faid, who says he drew inspiration for his criminal career from French and American gangster films, escaped from Reau prison, southeast of Paris, in July 2018. He had been in the prison’s visiting room when three men burst in and got him onto the aircraft, which had landed in one of the prison courtyards. Just five years earlier, in April 2013, he escaped from Sequedin prison in the north of the capital, using explosives to blast through five prison doors, taking four prison wardens hostage, and escaping in two getaway cars. A self-described “freedom addict”, Faid, who has multiple convictions for armed robbery, went on trial earlier this month and was this week sentenced to 14 years additional years behind bars for the prison break. The 51-year-old appeared at Assize Court with a smile and wearing a blue sweater. Among the 11 co-defendants were his two brothers, one of whom he greeted with a kiss, three nephews and a convicted member of the Corsica underworld. Prosecutors had requested 22 years for the jailbreak, spearheaded by Faid’s brother Rachid, who took a helicopter pilot hostage and ordered him to fly to the prison. Rachid got 10 years for his involvement in the plot. Three armed accomplices let off smoke bombs to confuse guards at the prison, one of the men - identified as Faid’s elder brother Rachid - used a disc grinder to cut through doors leading to the visiting room. Faid had been receiving a visit from another brother, Brahim. Inmates of the prison cheered as the helicopter took off with its new passenger, with the operation taking just 10 minutes. Brahim told the court he had no idea about the plan and he was acquitted. After Faid was sprung from the prison, the helicopter landed in Gonesse, a northeastern suburb of Paris, where he and his accomplices continued their escape by car. Authorities later found a burnt-out black Renault suspected of being the getaway car in Aulnay-sous-Bois, another suburb of the capital. The assailants are thought to have changed vehicles, continuing their escape in a van. Faid was arrested by special forces in October 2018 in an apartment located in the city of Creil, in the northern suburbs of Paris, having spent three months on the run. He had been seen dressed as a woman, wearing a burqa. In 2017, he was sentenced on appeal to 25 years in prison for masterminding a failed 2010 robbery, which claimed the life of a policewoman. As a young delinquent in a troubled suburb north of Paris, Faid took his inspiration from gangster movies. He told the court it was his love of freedom that drove him to escape from jail. "I’m in a concrete sarcophagus 23 hours out of 24… What am I going to do? Kick my heels indefinitely. I have an addiction which consumes me and which I cannot cure. I am addicted to freedom." Read More Russia-Ukraine war live: North Korea hands over 1,000 containers of weapons to Putin Putin’s many ‘heart attacks’ and why the rumours may be in his favour Russia recruits prisoners for Ukraine war as Putin replicates Wagner Russia-Ukraine war live: North Korea hands over 1,000 containers of weapons to Putin Putin’s many ‘heart attacks’ and why the rumours may be in his favour Russia recruits prisoners for Ukraine war as Putin replicates Wagner
2023-10-26 17:47
Russia recruits prisoners for Ukraine war as Putin replicates Wagner
Russia has taken the wheel from Wagner as the Kremlin has recruited up to 100,000 prisoners to fight in Ukraine. The practice was a trademark move of the late mercenary boss Yevgeny Prigozhin, who filled his group’s ranks with convicted criminals. The army unit, commonly known as Storm-Z, is reportedly seen as a disposable force in Vladimir Putin’s “special military operation”. It comes as the Russian prison population has dropped from an estimated 420,000 to around 266,000, according to deputy minister Vsevolod Vukolov, who disclosed the figures earlier this month. Russian state-controlled media reported that Storm-Z squads exist, that they took part in intense battles and some of their members received medals for bravery, but it has not disclosed how they are formed, or the losses they take. While the Russian defence ministry has never acknowledged creating Storm-Z units, the first reports of their existence emerged in April when the Institute for the Study of War cited what it said appeared to be a leaked Russian military report on the formation of the squads. RTVI, a Russian news website, said Storm-Z “is the same scheme as with the [Wagner] private military company. Prisoners sign contracts with the defence ministry, and after completing them they can go home or continue serving”. However, a Russian soldier who fought alongside members of the penal squad told Reuters that Storm-Z fighters “are just meat”. The soldier, from army unit no. 40318 who was deployed near Bakhmut in May and June, said he’d given medical treatment to a group of six or seven wounded Storm-Z fighters on the battlefield. In doing so, he had disobeyed an order from a commander - whose name he didn’t know - to leave the men. He said he didn’t know why the commander gave the order, but claimed that it typified how Storm-Z fighters were considered of lesser value than ordinary troops by officers. The soldier, who requested anonymity because he feared prosecution in Russia for publicly discussing the war, said he had sympathy for the men’s plight: “If the commandants catch anyone with the smell of alcohol on their breath, then they immediately send them to the Storm squads.” The UK ministry of defence addressed the emergence of the penal squads in its update on 24 October, saying: “Russia largely continues to rely on specially designated ‘Shtorm-Z’ units for local offensive operations in Ukraine.” It said: “Multiple accounts suggest the units are given the lowest priority for logistical and medical support, while repeatedly being ordered to attack.” The intelligence update added that the squads were “likely first fielded in 2022” and they highlight “the extreme difficulty Russia has in generating combat infantry capable of conducting effective offensive operations”. Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary Live updates | Israeli troops briefly enter Gaza as wider ground incursion looms Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy Putin presides over rehearsals of 'massive' Russian nuclear strike
2023-10-26 16:27
Ukraine-Russia war - live: Putin ‘rehearses massive nuclear strike’ as drones strike near Khmelnytskyi plant
Vladimir Putin has tested Russia’s ability to launch a massive retaliatory nuclear strike as he pulled the country out of an international test ban treaty. “Practical launches of ballistic and cruise missiles took place during the training,” Russian defence minister Sergei Shoigu said. A Yars intercontinental ballistic missile was fired in Russia’s far east, a nuclear-powered submarine launched a ballistic missile from the Barents sea, and long-range bombers test fired air-launched cruise missiles, according to the Kremlin. On Wednesday, Russia’s parliament unanimously approved legislation pulling the country out of the international Comprehensive Nuclear Test Ban Treaty, designed to limit the proliferation of nuclear weapon testing. It comes as a Russian drone attack damaged buildings near the Khmelnytskyi nuclear power plant in western Ukraine, wounding 20 people. The Ukrainian air force destroyed all 11 Russian drones, according to the military. Damage was caused by blast waves and falling debris. “At night, the enemy struck territory near the Khmelnytskyi nuclear power plant. As a result of the explosion, windows in administrative and laboratory buildings have been damaged,” Ukraine’s Energy Ministry said on the Telegram messaging app. Read More Russian drones likely targeted Khmelnytskyi nuclear power station, Zelensky says Business owners in a Ukrainian front-line city adapt even as 'a missile can come at any moment' Russian forces simulate nuclear strike as upper house rescinds ratification of test-ban treaty
2023-10-26 14:59
Putin presides over rehearsals of ‘massive’ Russian nuclear strike
Vladimir Putin has presided over a rehearsal to deliver what the Kremlin described as a “massive” nuclear strike, including the test launch of multiple ballistic missiles. While Russia holds similar rehearsals every autumn, Wednesday’s show of force came just hours after Moscow’s withdrawal from a significant nuclear test ban treaty and as its invasion of Ukraine approaches its second winter. Footage broadcast on state television showed the Russian president overseeing the annual exercises, dubbed “Grom”, via video call. The purpose of the drill was to “deliver a massive nuclear strike... in response to an enemy nuclear strike”, said defence minister Sergei Shoigu. The Kremlin said a Yars intercontinental ballistic missile was launched from a test site to a target in Russia’s far east, a nuclear-powered submarine launched a ballistic missile from the Barents Sea and Tu-95MS long-range bombers test fired air-launched cruise missiles. Russia, which has the world’s largest nuclear arsenal, has passed a bill in parliament that would revoke its ratification of a key nuclear test ban treaty, the Comprehensive Nuclear Test Ban Treaty (CTBT). Though it has never formally come into force, the CTBT has helped deter nuclear weapons testing around the world, with only North Korea conducting an explosive nuclear bomb test this century. Ukraine has said Russia’s withdrawal of its CTBT ratification was an attempt at “nuclear blackmail”. Mr Putin, who will be sent the bill for final approval, has said revoking Russia’s ratification would “mirror” the stance of the US, which has signed but did not ratify the nuclear test ban. Video footage of Wednesday’s military exercise released by the Russian defence ministry showed the land- and submarine-launched missiles piercing the night sky with loud roars, while nuclear-capable bomber aircraft departed from an airfield under the cover of darkness. “Under the leadership of the supreme commander-in-chief of the armed forces of the Russian Federation, Vladimir Putin, training was conducted with the forces and means of the ground, sea and air components of the nuclear deterrent forces,” the Kremlin said in a statement. “During the training, practical launches of ballistic and cruise missiles took place. The tasks planned in the course of the training exercise were fully accomplished,” it said. The latest developments have raised widespread concerns that Moscow could resume nuclear testing in attempts to discourage the West from continuing to offer military support to Ukraine. Russia’s deputy foreign minister Sergei Ryabkov said earlier this month that Moscow will continue to respect the ban and will only resume nuclear tests if Washington does it first. On Wednesday, Mr Ryabkov said the Russian foreign ministry had received proposals from the US to restart discussions regarding strategic stability and arms control matters. However, he pointed out that, given the current political climate, Moscow does not view it as feasible. “We aren’t ready for it because the return to a dialogue on strategic stability... as it was conducted in the past is impossible until the US revises its deeply hostile policy course in relation to Russia,” Mr Ryabkov told reporters in comments carried by Russian news agencies.
2023-10-26 14:58
Russian drones likely targeted Khmelnytskyi nuclear power station, Zelensky says
Russia’s drone strike in western Ukraine likely targeted the Khmelnytskyi nuclear power station, president Volodymyr Zelensky said. He said the strike on Wednesday presented yet more evidence that tougher sanctions were needed against Russia and its dangerous acts that bypass international sanctions. At least 20 people were injured in the attacks in Khmelnytskyi region that also led to shattered windows at the nuclear power plant and nearby sites, and destroyed power lines, causing outages, Ukrainian officials said. Power was temporarily cut to some off-site radiation monitoring stations at the power plant and hundreds of buildings in the area sustained damage. “It is highly likely that the target for these drones was the Khmelnytskyi nuclear power plant – the shockwave from the explosion shattered windows, including those on the territory of the NPP [nuclear power plant],” Mr Zelensky said in his nightly video address. “Every Russian strike, especially ones as audacious as those targeting nuclear plants and other critical facilities, is an argument that the pressure on the terrorist state is insufficient,” he said. He said the assessment of the drones used in the attack showed their “missiles, originate from various countries, various companies, including Western ones”. The International Atomic Energy Agency, the UN’s nuclear watchdog, said blasts from the drone attack did not affect the plant’s operations or its connection to the grid, but raised concerns over the proximity of the attack to the plant. “The fact that numerous windows at the site were destroyed shows just how close it was. Next time, we may not be so fortunate,” said IAEA director general Rafael Grossi. Some 1,700 buildings in the area sustained damage. These included 282 apartment blocks, more than 1,400 private homes, 41 educational institutions and six healthcare buildings, regional governor Serhiy Tyurin said. The incident also caused damage to power lines, affecting over 1,800 consumers in the neighbouring towns of Netishyn and Slavuta, resulting in power outages. The Ukrainian air force repelled all 11 Russian drone attacks overnight, the military said, adding that the damage was caused by blast waves and falling debris. "At night, the enemy struck territory near the Khmelnytskyi nuclear power plant. As a result of the explosion, windows in administrative and laboratory buildings have been damaged," the energy ministry said on the Telegram messaging app. Earlier, the Ukrainian president said Kyiv was preparing for the attacks on their energy infrastructure not only to defend but to respond, ahead of the second winter of the Kremlin’s invasion of the country. “We are preparing for terrorist attacks on our energy infrastructure,” Mr Zelensky said. “This year we will not only defend ourselves, but also respond.” Russia has launched assaults on the Ukrainian cities of Kupiansk in the north and Avdiivka, seeking to besiege the strategic grounds on the battlefield. Read More Ukraine-Russia war - live: Putin turns to new weapon for winter attacks as bombing of Avdiivka continues Russian forces simulate nuclear strike as upper house rescinds ratification of test-ban treaty Study finds ‘deepfakes’ from Ukraine war undermining trust in conflict footage
2023-10-26 12:17
Israel Gaza: EU leaders set to back humanitarian pauses
Thursday's summit is overshadowed by Hamas's war with Israel and a failure to project a united front.
2023-10-26 09:52