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List of All Articles with Tag 'europe'

Finland Revises Down First-Quarter GDP Rise as Investments Drop
Finland Revises Down First-Quarter GDP Rise as Investments Drop
Finland’s economy grew clearly less in the first quarter than previously estimated, with consumers still helping the Nordic
2023-05-31 14:53
Bitcoin Faces First Monthly Drop of 2023 as Crypto Revival Cools
Bitcoin Faces First Monthly Drop of 2023 as Crypto Revival Cools
The crypto rebound is losing steam, leaving Bitcoin on course for its worst month since the FTX exchange
2023-05-31 14:52
Oil Holds Deep Slump on Weak Demand Signals Ahead of OPEC+ Meet
Oil Holds Deep Slump on Weak Demand Signals Ahead of OPEC+ Meet
Oil held its biggest decline in four weeks on signs of weaker demand and sufficient supply ahead of
2023-05-31 14:50
Singapore Sees Record Clampdown on Oil Ships as Dark Fleet Grows
Singapore Sees Record Clampdown on Oil Ships as Dark Fleet Grows
Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the
2023-05-31 14:16
‘Putin’s only response is violence’: How Russia is expected react to the drone attack on Moscow
‘Putin’s only response is violence’: How Russia is expected react to the drone attack on Moscow
Russia suffered a surprise attack in the early hours of Tuesday morning when as many as 30 drones zeroed in on Moscow, bringing Vladimir Putin’s Ukraine war to his own doorstep after 15 months of bloody conflict. The country’s defence ministry has only admitted to sighting eight drones, all of which it says were shot down, causing only minimal damage and injuring just two people. Even if that is true, the incident follows an assault on the Kremlin earlier this month and creates a problem for Mr Putin, who has so far largely been able to shield Russian citizens from the realities of the war. Life has been allowed to proceed as normal in the capital but the sight of debris hitting some of the city’s most prestigious areas – including the grand Soviet-era Leninsky Prospekt Avenue and the Odintsovsky District, in which the wealthy elite, including Mr Putin, have residences – cannot have gone unnoticed. Residents in southwestern Moscow reported hearing loud bangs at between 2am and 3am BST on Tuesday morning, followed by the smell of petrol, while some filmed the unmanned devices being downed in smoke over the city skyline. “It is, of course, obvious that this is an attack by the Kyiv regime,” Kremlin spokesman Dmitry Peskov told reporters. “And this must be absolutely clearly understood.” Kyiv has itself been under siege from drone strikes by the aggressor in recent days, but Ukrainian presidential adviser Mykhailo Podolyak denied his side was behind the attack, adding drolly: “Of course, we are pleased to watch and predict an increase in the number of attacks.” Mr Putin is said to have been briefed early on Tuesday about the strikes and continued working in the Kremlin, later saying only that the episode was intended to “intimidate” and “clearly a sign of terrorist activity”. He will surely respond militarily, even if his initial instinct is to downplay the extent of the damage. Writing on Telegram, Russian political analyst Tatiana Stanovaya, a senior fellow at the Carnegie Russia Eurasia Center, said the president’s eerie calm was about projecting the impression that he “isn’t afraid” because his control is “built on the idea that has been voiced more than once … [that Russians are] a patient people who will understand everything and endure everything”. Mr Putin has so far left much of the sabre-rattling following the attack to others, such as lawmaker Alexander Khinshtein, who warned his countrymen: “The sabotage and terrorist attacks of Ukraine will only increase. It is necessary to radically strengthen defence and security measures, especially in terms of countering drones.” Another politician, Andrei Kartapolov, told local media the attack was a Ukrainian endeavour “designed to create a wave of panic”. Speaking to The Independent, Tim White, a Ukraine expert and journalist, commented: “Putin’s only response is violence, we’ve seen it time and time again. “The problem is how much of his arsenal is left? I strongly suspect there was another large shipment of drones from Iran recently, hence the big uptick in drone strikes. “But I believe this tactic is primarily to locate Ukraine’s air defence systems, especially its Patriot [missile] systems, and get Ukraine to exhaust its own air defence missile stocks. The Kremlin is not able to manufacture missiles as quickly as it is using them.” Among the residents of Moscow, the episode is likely only to entrench existing attitudes towards the war, Mr White said, noting the stranglehold exerted by state media. “I think opinion in Russia will be even more anti-Western rather than anti-Putin,” he said. “The absolute control of the media ensures most people believe the indoctrination, wrongfully describing Ukraine as a nation of Nazis.” That observation has already been borne out, with one woman, Natalia, 59, telling news agency Reuters: “The Kyiv regime is already crossing all the lines. This is very sad, especially since they are directing these drones at residential buildings, at the city, at civilians, where there are no military facilities.” More surprisingly, another resident told the same outlet: “All of this is because of our ruler. It’s no surprise it’s bounced back to here.” As for what might happen next, Mr White is in little doubt that there will be a retaliation, perhaps targeting a region the Kremlin had expected to welcome its “special military operation” with open arms. “My best guess is that there will be a strike on a city, masquerading as a military hit, with what we describe as ‘plausible deniability’,” he said. “But it won’t be Kyiv, which is too well protected judging by the last month’s bombardment. Lviv is a target, but more at risk is likely to be Odesa or Mykolaiv in the south. These are areas that previously spoke almost exclusively Russian and Putin believed would welcome his illegal invasion.” The Russian foreign ministry has already made threats to that effect, declaring: “Russia reserves the right to take the harshest possible measures in response to the terrorist attacks by the Kyiv regime.” Read More Russia-Ukraine war – live: Putin responds after Moscow hit with drone attack Wealthy Moscow suburb where Putin has a home targeted in drone attack Moscow targeted by ‘30 drones’ as Ukraine war reaches Russia’s capital Russian soldiers flee after tank struck by Ukrainian drone The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
2023-05-31 13:29
UBS Family Office Clients Boost Hedge-Fund Bets Amid Volatility
UBS Family Office Clients Boost Hedge-Fund Bets Amid Volatility
UBS Group AG’s family office clients have increased allocations to hedge funds as they focus on active ways
2023-05-31 13:15
Marketmind: Back to data watching, with US debt bill on track
Marketmind: Back to data watching, with US debt bill on track
A look at the day ahead in European and global markets from Sonali Desai With the U.S. debt ceiling bill
2023-05-31 12:47
Italy’s Crisis Guardian Counts Down to Exit as Meloni Mulls Successor
Italy’s Crisis Guardian Counts Down to Exit as Meloni Mulls Successor
Prime Minister Giorgia Meloni has just five months left to find a new Bank of Italy chief in
2023-05-31 11:25
South Korea Is Wagering Its Stock Market Fortunes on MSCI’s ‘Developed’ Status
South Korea Is Wagering Its Stock Market Fortunes on MSCI’s ‘Developed’ Status
For years, South Korea has been home to more global conglomerates than Hong Kong, boasted a higher purchasing
2023-05-31 07:20
Ukraine Recap: Russia to Boost Air Defense After Moscow Targeted
Ukraine Recap: Russia to Boost Air Defense After Moscow Targeted
President Vladimir Putin pledged to boost air defenses around Moscow after the Kremlin blamed Kyiv for the biggest
2023-05-31 05:24
Microsoft Gets Date Boost in Appeal of $69 Billion Deal Ban
Microsoft Gets Date Boost in Appeal of $69 Billion Deal Ban
Microsoft Corp.’s fight against Britain’s veto of its $69 billion Activision Blizzard Inc. takeover got a boost when
2023-05-31 01:27
Moscow targeted by ‘30 drones’ as Ukraine war reaches Russia’s capital
Moscow targeted by ‘30 drones’ as Ukraine war reaches Russia’s capital
Ukraine has denied direct involvement in a series of early morning drone attacks in Moscow that brought the war to the heart of Russia. Sergei Sobyanin, the capital’s mayor, said that two people were hurt - but not seriously injured - in the strikes. Buildings were also damaged. It was the first time Moscow has been targeted by multiple drone attacks since Russian president Vladimir Putin ordered his illegal invasion of Ukraine on 24 February last year. The strikes came as Russia launched another round of attacks on Ukraine’s capital Kyiv, where one person has been killed and four injured by falling debris. Where did the strike attacks take place? Residents in Moscow - which is about 530km from the most northwesterly point in Ukraine, beyond the city of Sumy - reported hearing explosions around 6:24am and 6:58 local time. Some filmed a drone being shot down and a plume of smoke rising over the Moscow skyline. Early media reports said that as many as 30 drones had been involved in the attack - Russia’s defence ministry said it shot down eight. RBC reported that three buildings had been hit by the drones: two near southern Moscow’s Leninsky Prospekt, and a third in the town of Moskovskiy, close to Vnukovo Airport. The areas are known to be some of the more wealthy neighborhoods in the Russian capital. A senior Russian lawmaker said three of the drones had been downed over the capital’s exclusive Rublyovka suburb, which is home to Russia’s political and business elite and where Mr Putin has an official residence. Where did the drones come from? Drones, remote-controlled or preprogrammed, have been used extensively in battle to gather intelligence, direct artillery strikes and, to a lesser extent, drop explosives. It remained unclear on Tuesday afternoon where exactly the drones used in the attack on Moscow had been launched from. There are many different types of drones and Ukraine has several at its disposal, including the Turkish Bayraktar TB2, which has been used by Kyiv’s troops on Russian targets. Ukraine also has Switchblade drones, Phoenix Ghost drones and DJI Mavic 3 drones. According to the Military Today website, the TB2 has a range of up 300km (186m). The Switchblade drones have a range of over 40km (24m) and the Phoenix Ghost has a similar range. The DJI Mavic 3 drone have a range of around 15km. Was it the first drone attack on Russia since the invasion? There have been sporadic drone attacks on targets in Russia since February last year, although those on Tuesday morning were the first multiple strikes aimed at the capital. Earlier this month an oil storage depot in Russia exploded after coming under attack from a drone. A tank containing tons of fuel burst into flames at a port near Volna village on the Black Sea, close to a key bridge linking Russia to the annexed Crimea peninsula, on 3 May. Ukraine also denied direct responsibility for that strike. What has Russia said? Russia’s defence ministry blamed Ukraine for what it called a "terrorist" attack and claimed it had shot down all of the drones. The defence ministry said that eight drones had attacked the Russian capital. Baza, a Telegram channel with links to the security services, said that more than 25 drones were involved. Later on Tuesday Russia’s foreign ministry Tuesday said it reserved the right to take the most "severe measures" in response to a drone attack on the capital Moscow earlier in the day. "Assurances by NATO officials that the Kyiv regime will not launch strikes deep into Russian territory prove to be completely hypocritical," the ministry said in a statement. "Russia reserves the right to take the harshest possible measures in response to the terrorist attacks by the Kyiv regime," it added. What has Ukraine said? Ukrainian presidential aide Mykhailo Podolyak said that Kyiv was watching the strike "with enjoyment" and predicted more such attacks, even as he denied Ukraine’s involvement. Read More Watch live: Kyiv mayor visits attack sites after overnight strikes Ukraine-Russia war – live: Drone attack hits Moscow after Putin targets Kyiv again Ukraine warns of revenge attacks after wave of Russian missile strikes on Kyiv The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
2023-05-30 22:25
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