PayPal Rival Fintech Adyen Faces Investor Confidence Test
For years, Dutch payments fintech Adyen NV’s founders and management ran things their own way, thanks to some
2023-11-07 19:49
WeWork Goes Bankrupt, Signs Pact With Creditors to Cut Debt
WeWork Inc., once the biggest office tenant in Manhattan, has filed for bankruptcy listing nearly $19 billion of
2023-11-07 19:48
UBS Shares Rise as Lender Wins Back Credit Suisse Clients
UBS Group AG reported stronger-than-expected client inflows in its wealth-management business, boosted by the first signs of stabilization
2023-11-07 18:58
Abu Dhabi’s $1 Trillion Fund Joins KKR for Telecom Italia’s Grid
The Abu Dhabi Investment Authority, which controls almost $1 trillion in assets, is part of the KKR &
2023-11-07 18:55
Telefonica Seeks 28% in German Unit for €2 Billion
Spain’s Telefonica SA is seeking to buy up the outstanding shares in its German unit for as much
2023-11-07 18:52
Germany’s Full Gas Inventories Likely to Prevent Winter Shortage
Germany’s full natural-gas inventories likely mean that Europe’s largest economy will avoid a shortfall in the coming months
2023-11-07 18:51
Israel Latest: Troops Move Closer to the Center of Gaza City
Israeli Prime Minister Benjamin Netanyahu said he sees his country having security control over Gaza for an “indefinite
2023-11-07 18:15
European Stocks On Track for Best Run Since July on Fed Optimism
European shares advanced for a fourth day, set for their longest winning streak since July, fueled by hopes
2023-11-02 18:49
Ukraine says more than 260 civilians killed after stepping on mines since beginning of Russian invasion
Extensive mines and explosives in Ukraine have killed more than 260 civilians and injured another 571 during Russia’s 20-month-old invasion, Kyiv’s military officials have said. Around 174,000sq km of Ukraine, making up about a third of its territory, has been potentially strewn with mines or dangerous war detritus, estimates from Kyiv officials showed. The 571 injuries have occurred in more than 560 incidents that involve mines or explosive objects left behind in the fighting between Russian and Ukrainian troops, the country’s General Staff of the Armed Forces said on its official Telegram channel on Wednesday. Almost a quarter of these incidents have happened in fields, the military official said. Mines planted by Vladimir Putin’s forces have heavily damaged war-stricken Ukraine and played a significant role in stalling Ukraine’s counteroffensive. Russian soldiers in the eastern and southern parts of the battlefield, where the counteroffensive has continued, have mined vast swathes of land. In July, Ukraine said an area the size of Arizona needs to be cleared of mines. The explosives will pose a threat long after the fighting stops. The latest mine-related injuries occurred on Wednesday in the southern Mykolaiv region after two farmers attempted to resume their occupation in an area considered to be contaminated with mines. Their tractor struck an unidentified explosive and injured both the men, the interior ministry said. “One of them had two legs amputated, the other refused to be taken to hospital after being examined,” the ministry said. The war-hit nation has also highlighted a critical need of sappers or combat engineers. The country now has about 3,000 specialists, but needs 7,000 more to fully clear all the mines, Ukrainian prime minister Denys Shmyhal was quoted as saying by Suspilne media. This would need $37bn (£30.3bn) in funding to de-mine territories – a sum Kyiv seeks from its international allies. Read More Italian PM tells pranksters posing as diplomats of ‘fatigue’ over Ukraine More than 900 of Putin’s soldiers killed in past 24 hours, claim Ukraine officials Ukraine suffers most intense bombardment of Russian shelling this year, Kyiv says
2023-11-02 17:59
Italian PM tells pranksters posing as diplomats of ‘fatigue’ on all sides over Ukraine war
Italian prime minister Giorgia Meloni told Russian pranksters posing as African diplomats that there is "a lot of fatigue" over the war in Ukraine. In a 13-minute recording released by pranksters “Vova and Lexus”, Ms Meloni claimed that Kyiv’s counteroffensive “didn’t change the destiny of the conflict” and that the time is approaching when Europe will “need a way out". The Italian PM believed she was speaking to senior African Union officials in the call on 18 September, a day before the United Nations General Assembly in New York, but her office later admitted that she “had been deceived”. They also confirmed the authenticity of the audio published by Vova and Lexus, whose real names are Vladimir Kuznetsov and Alexei Stolyarov, on Wednesday. During the interview, Ms Meloni said: “Everybody understands that [the war in Ukraine] really could last many years if we don’t try to find some solutions.” Speaking in English, she added: “I see that there is a lot of fatigue, I have to say the truth, from all the sides. “We (are) near the moment in which everybody understands that we need a way out. “The problem is to find a way out which can be acceptable for both without destroying the international law. “I have got some ideas about how to manage this situation, but I am waiting for the right moment to put on the table these ideas that I have got.” Mr Kuznetsov and Mr Stolyarov are prominent in Russia and have pranked numerous world leaders, including Canadian prime minister Justin Trudeau in 2020. Sir Elton John, Ben Wallace and the Duke of Sussex have also been tricked into giving up controversial opinions in phone conversations. Ukrainian president Volodymyr Zelensky, without mentioning the audio clip of Ms Meloni, said in his nightly address on Wednesday that Europe was a continent of “cooperation, not disagreements”. “We value our Europe, the Europe of cooperation, not confrontation, the Europe of people, not ideologies, because only in this way can our continent protect and defend human lives both in European countries and in the world,” he said. “I am confident that Ukraine will make our Europe stronger than ever, and we are working actively to remove any obstacles to our accession to the European Union. “I am also confident that no matter how events unfold in the world, among our partners in the United States and elsewhere, unity will prevail. Unity, not division. Unity, not calls for isolation.” Mikhail Podolyak, an advisor to Mr Zelensky, suggested in a statement to X, formerly Twitter, that European fatigue, and its apparent resultant willingness to negotiate a ceasefire, was “absolute propaganda fiction promoted only by authoritarian regimes similar to the Russian one”. Read More More than 900 of Putin’s soldiers killed in past 24 hours, claim Ukraine officials Ukraine says more than 260 civilians killed after stepping on mines and explosives Ukraine suffers most intense bombardment of Russian shelling this year, Kyiv says North Korea has likely sent missiles as well as ammunition and shells to Russia, Seoul says Putin’s troops ‘trying to regroup’ for attacks on besieged town - live Putin is expected to seek reelection in Russia, but who would run if he doesn't?
2023-11-02 17:47
More than 900 of Putin’s soldiers killed in past 24 hours, claim Ukraine officials
At least 930 Russian soldiers have been killed in Ukraine in the past 24 hours, Kyiv’s officials claimed. The General Staff of the Armed Forces of Ukraine in its battlefield update on Thursday morning also claimed Vladimir Putin has lost approximately 302,420 military personnel since the invasion began on 24 February last year. The Independent has not been able to verify claims of the battlefield casualties. Kyiv claimed that in addition to the casualties, 43 armoured vehicles, 42 artillery systems, 18 of Russia’s tanks and one aircraft had also been damaged in the same period. Russia has not confirmed the total personnel losses it has suffered in Ukraine. Similarly, Ukraine has also not confirmed its own military personnel losses in the continuing war. This comes as Ukraine attacked Russian positions over the Black Sea and Crimea in an early morning attack on Thursday. The Russian ministry of defence said its air defence shot down six aircraft-type drones over the region, of which five were shot down over Crimea. The fighting has intensified on five fronts of the battlefield in the past day, Ukrainian military officials said. Russian forces have attacked Ukrainian positions on the Kupiansk, Bakhmut, Avdiivka, Marinka and Shakhtarsk fronts in Donetsk but failed to make any success, the General Staff said. It added that a total of 57 combat clashes took place on the war frontline, including 5 missiles and 75 air strikes. Russia also fired 56 rocket strikes using Multiple Launch Rocket Systems (MLRS) at the Ukrainian positions and other settlements. The Russian troops have also targeted residential buildings and civilian settlements, it said. Accounts from the Russian ministry of defence and its active military bloggers claimed its forces shot down two Su-27 aircraft of the Ukrainian Air Force and also targeted two Leopard tanks. The war frontline, despite surges in fighting on multiple occasions on several fronts this year, has largely remained static. While the Ukrainian counteroffensive successfully restored some of Kyiv’s territory back from Russian control, the region has seen concentration of fighting along multiple axes with no major gains. The war is now “gradually moving into a positional form”, Ukrainian Commander-in-Chief General Valerii Zaluzhnyi told The Economist in an interview. He said there was a stalemate on the battlefield similar to that seen during the First World War, owing to technological and tactical parity between Russian and Ukrainian forces. To break this stalemate, Ukraine will need to gain air superiority, breach Russia’s mine barriers in depth, increase Kyiv’s effectiveness of counterbattery combat, create and train necessary reserves, and build up electronic warfare capabilities.
2023-11-02 17:46
Factbox: How European airlines have hedged against fuel price increases
Higher oil prices amid turmoil in the Middle East are increasing prices of jet fuel, which accounts for
2023-11-02 16:49