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List of All Articles with Tag 'europe'

Long-feared corporate debt woes start to hit home
Long-feared corporate debt woes start to hit home
By Chiara Elisei and Dhara Ranasinghe LONDON The spectre of rising corporate debt defaults exacerbating a global economic
2023-07-18 13:24
Swedbank Second-Quarter Profit Tops Estimates on Rates Tailwind
Swedbank Second-Quarter Profit Tops Estimates on Rates Tailwind
Swedbank AB delivered better-than-expected income from lending activities in the second quarter, joining peer Nordea Bank Abp in
2023-07-18 13:18
UK Inflation Data Set to Fuel Pressure for More BOE Rate Hikes
UK Inflation Data Set to Fuel Pressure for More BOE Rate Hikes
British households and businesses are bracing for UK inflation figures on Wednesday that are expected to keep the
2023-07-18 13:16
Marketmind:China worries keep investors jittery
Marketmind:China worries keep investors jittery
A look at the day ahead in European and global markets from Ankur Banerjee Markets are still reeling from China's
2023-07-18 12:49
ECB’s Visco Says Inflation May Drop More Quickly Than Forecast
ECB’s Visco Says Inflation May Drop More Quickly Than Forecast
European Central Bank Governing Council member Ignazio Visco said inflation may come down more quickly than the institution
2023-07-18 12:49
Everything to know about the Crimean bridge as critical Russian supply line attacked
Everything to know about the Crimean bridge as critical Russian supply line attacked
Two people were killed and their teenaged daughter wounded in an attack on the Crimean Bridge – connecting the Russian mainland to the peninsula. The bridge, also known as the Kerch Bridge, is a major artery for Russian troops fighting in Ukraine and a prestige project personally opened by President Vladimir Putin. The bridge had had only recently returned to full operation after suffering severe damage in a similar attack last October. Traffic along the 19km-long road and rail bridge was halted for six hours, following reports of multiple explosions at around 3am this morning. Here’s everything we know about today’s attack on the Crimean Bridge and its importance to Moscow: Where is the Crimean Bridge? Europe’s longest bridge connects the Russian city of Krasnodar in the east to Kerch in Crimea, which was illegally annexed from Ukraine by Moscow in 2014. The Crimean Bridge runs over the Kerch Strait and is the only direct road link between Russia and the annexed peninsula. It consists of a separate roadway and railway – fortified by concrete stilts – which give way to a wider span held by steel arches at the point where ships pass between the Black Sea and the smaller Azov Sea. The bridge was a prestige project for Mr Putin, who opened it to road traffic by driving an orange Kamaz truck across it in 2018. At the inauguration ceremony, Mr Putin thanked the construction workers for the “miraculous” completion of the bridge. He said: “In different historical epochs, even under the tsar priests, people dreamed of building this bridge. Then they returned to this [idea] in the 1930s, the 40s, the 50s. And finally, thanks to your work and your talent, the miracle has happened.” The £2.7bn ($3.6bn) bridge was built by Stroygazmontazh, a firm previously owned by Russian billionaire Arkady Rotenberg, who is known as an ally of the Russian premier. In 2020, Mr Putin awarded his former judo sparring partner, Mr Rotenberg, the title of “Hero of Labor” for constructing the controversial bridge. Mr Rotenberg is said to have sold his shares in the company in 2019. After its construction began in 2016, the United States imposed a series of sanctions on the seven companies involved in the project, including Stroygazmontazh. Since the start of Russia’s invasion of Ukraine, the bridge has served as a crucial supply route for Moscow, sending forces from Crimea to seize most of southern Ukraine’s Kherson region and some of the adjoining Zaporizhzhia province. What happened in the attack? Traffic on the Crimean Bridge was stopped early on Monday as reports emerged that two people had died in an attack that Russian-placed Crimean officials blamed on Ukraine. The parents of a girl were killed and their daughter was injured in a passenger car, according to Russian-installed officials. “The girl was injured,” Vyacheslav Gladkov, governor of the Belgorod region, said in a message on the Telegram messaging app. “The hardest thing is that her parents died, dad and mum. Three Ukrainian media outlets quoted unnamed sources as saying Ukraine’s domestic security agency and navy were behind Monday’s incident on the Crimean Bridge, and that they had used sea-borne drones to attack it. Ukraine’s government did not comment on the incident and the Security Service of Ukraine (SBU) and the navy declined to say whether they were involved, although some Ukrainian officials portrayed the bridge as a legitimate military target. Ukrainian public broadcaster Suspilne, online publication Ukrainska Pravda and The New Voice of Ukraine media outlet cited one or more sources saying the navy and the SBU were behind the incident Andriy Yusov, a spokesman for Ukraine’s military intelligence department, declined to comment Monday on the incident but said: “The peninsula is used by the Russians as a large logistical hub for moving forces and assets deep into the territory of Ukraine. Of course, any logistical problems are additional complications for the occupiers.” In a statement, a spokesperson for Russia’s Foreign Ministry claimed “terrorist” Kyiv of carrying out Monday’s attack. Maria Zakharova on Monday said: “Today’s attack on the Crimean bridge was carried out by the Kyiv regime. This regime is terrorist and has all the hallmarks of an international organised crime group. Russia’s Investigative Committee said Kyiv was behind the attack and opened a terrorism case. The extent of the damage was not immediately clear, but unverified videos appeared to show a section of road on the bridge had split and was sloping to one side. Rail traffic resumed later on Monday morning. The Crimean Bridge explosions occurred amid Ukraine’s counteroffensive against Moscow, on the same day Moscow was set to extend the Black Sea deal, which allowed Ukraine to resume shipping food from its southern ports despite the war and expires today. “There can be no grain deal after another terrorist attack,” senior Russian politician, Sergei Mironov said on Telegram on Monday, urging Moscow to respond by destroying Ukrainian infrastruture. “That is what we need to do, and not discuss a grain deal that helps Kyiv’s rulers and their Western masters line their pockets. There can be no grain deal after another terrorist attack,” he commented on the Kerch Bridge attack. The Kremlin has yet to comment on the Crimean Bridge incident. In the wake of the attack, Russia said it would not be extending the grain deal, but said the attack on the bridge was not a factor. Past attacks on the Crimean Bridge In October last year, the Crimea Bridge was damaged by a truck bomb. At the time, Mr Putin claimed the blast a “terrorist attack” masterminded by Ukrainian security forces, and ordered retaliatory strikes on Ukraininan cities, including the capital Kyiv. Ukraine declined to comment on who was behind the attack at the time. Ukraine’s President Volodymyr Zelenskyy months later claimed only indirectly that his country was responsible for the attack, listing the bridge as one of his army’s “successes” in 2022. The bridge was repaired and reopened to traffic earlirt this year, and has built up to normal levels since. The rail bridge is said to have fully reopened in July. Ten days prior to the latest attack, Russian-installed authorities in the Crimean peninsula said a cruise missile was shot down near the city of Kerch, as traffic on the flyover was briefly suspended. Additional reporting on wires. Read More The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary Met Office gives update on whether UK will hit 40C as Europe swelters under heatwave Wimbledon 2023 LIVE: Reaction after Carlos Alcaraz defeats Novak Djokovic in final for the ages CEO praised for refusing to leave airline seat to let mother sit next to her children
2023-07-18 12:22
Europe heatwave – live: Holidaymakers evacuated in Greece wildfires as extreme heat set to last until August
Europe heatwave – live: Holidaymakers evacuated in Greece wildfires as extreme heat set to last until August
Holidaymakers have been evacuated from at least six seaside communities in Greece as their homes are threatened by wildfires amid the extreme heat hitting Europe that will likely last until August. Gusts of wind up to 45 mph are pushing flames through hillside scrub and pine forests parched by extreme heat near Athens, leading authorities to issue the evacuation orders on Monday. Meanwhile, the World Meteorological Organization warned that the heatwave affecting the Mediterranean is forecast to intensify by mid-week, including in Greece, and is likely to continue into August in some places. New records have already been set for specific weather stations in parts of the northern hemisphere and new national records may also be set, the UN agency's website said. Another anticyclone dubbed “Charon”, who in Greek mythology was the ferryman of the dead, advanced into the region from north Africa on Sunday and could lift temperatures well above 45C in parts of Italy, Spain and Greece. The hottest temperature recorded in Europe was 48.8C in Sicily, in August 2021. It comes as extreme temperatures are breaking records worldwide as both the US and China saw the mercury crossing 50C on Sunday. Read More ‘It’s terrifying’: Spain braces for worst of heatwave Mapped: Temperatures set to soar in Italy, Spain and Greece due to Charon heatwave Which holiday destinations will be hottest this week and how can you stay safe as temperatures soar? Why is there no UK heatwave as Europe swelters during Charon?
2023-07-18 11:45
Oil Holds Two-Day Drop as China Angst Offsets Russia Export Cuts
Oil Holds Two-Day Drop as China Angst Offsets Russia Export Cuts
Oil steadied in Asia — after dropping almost 4% over the previous two sessions — as concerns over
2023-07-18 09:19
Asia Shares Mixed Amid Lingering China Concerns: Markets Wrap
Asia Shares Mixed Amid Lingering China Concerns: Markets Wrap
Asian stocks traded mixed Tuesday as China’s sluggish economic recovery triggered growth forecast cuts and a warning from
2023-07-18 08:53
France, Brazil and Colombia Seek to Break Venezuela Deadlock
France, Brazil and Colombia Seek to Break Venezuela Deadlock
The presidents of France, Colombia, Brazil and Argentina met with Venezuelan government and opposition negotiators on Monday, in
2023-07-18 07:29
Microsoft-Activision Deal Poised to Close Later Than Planned
Microsoft-Activision Deal Poised to Close Later Than Planned
Microsoft Corp. and Activision Blizzard Inc. are nearing the finish line on their $69 billion deal, but aren’t
2023-07-18 07:16
Microsoft Clears Another Hurdle as Court Halts UK Veto Case
Microsoft Clears Another Hurdle as Court Halts UK Veto Case
Microsoft Corp.’s once imperiled $69 billion bid for Activision Blizzard Inc. has fresh momentum. At a hearing on
2023-07-18 05:59
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