Germany plans to release an additional €3bn in military aid for Ukraine, marking a breakthrough after Chancellor Olaf Scholz had previously blocked the funds over borrowing rule concerns.
The German government plans to provide an additional 3 billion euros ($3.3 billion) in military aid to Ukraine, with Finance Minister Joerg Kukies informing parliament's budgetary committee of the decision, according to a draft document obtained by Reuters.
This move is considered a breakthrough after outgoing Chancellor Olaf Scholz had previously blocked the extra aid, demanding an easing of borrowing rules as a condition.
On Tuesday, parliament voted in favor of a significant reform of fiscal rules.
Germany has ditched decades of fiscal restraint with a massive €500 billion spending plan, aiming to revive growth and bolster defence. With geopolitical tensions rising, Friedrich Merz calls it a "historic shift"—but critics warn of debt risks.
Putin and Trump have a strong rapport and plan to restore U.S.-Russia ties step by step, the Kremlin says. After their call, Putin agreed to halt attacks on Ukraine’s energy grid but rejected a full ceasefire. Moscow hopes for more direct talks as both leaders push for normalization.
John Flint will resign as CEO in the summer following the transition of the National Wealth Fund from the UK Infrastructure Bank.
Samsung vows a comeback with bold M&A plans as shareholder pressure mounts. Admitting missteps in AI and chip tech, executives pledge a turnaround by 2025. With a $7.2B buyback and a push for acquisitions, the tech giant aims to reclaim its lost edge.
In a Sudanese hospital, emaciated mothers cradle starving toddlers, their sunken eyes pleading for help. With war raging for nearly two years, food and medicine have all but disappeared. Doctors ration milk, families struggle to survive, and aid cuts threaten to make the crisis even deadlier.
Azerbaijani Foreign Minister Bayramov briefed his British counterpart on the current situation in the region and the peace process between Azerbaijan and Armenia. Today, Bayramov held a telephone conversation with David Lammy, UK Secretary of State for Foreign, Commonwealth, and Development Affairs.
Germany has ditched decades of fiscal restraint with a massive €500 billion spending plan, aiming to revive growth and bolster defence. With geopolitical tensions rising, Friedrich Merz calls it a "historic shift"—but critics warn of debt risks.
Turkey's lira fell as much as 12.7% and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and stocks also tumbling sharply, after authorities detained President Tayyip Erdogan's main political rival.
Putin and Trump have a strong rapport and plan to restore U.S.-Russia ties step by step, the Kremlin says. After their call, Putin agreed to halt attacks on Ukraine’s energy grid but rejected a full ceasefire. Moscow hopes for more direct talks as both leaders push for normalization.
John Flint will resign as CEO in the summer following the transition of the National Wealth Fund from the UK Infrastructure Bank.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Malaysia has agreed to terms with exploration firm Ocean Infinity to restart the search for the missing Malaysia Airlines flight MH370 wreckage, its transport minister said on Wednesday.
The White House has affirmed that U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, despite earlier remarks from Treasury Secretary Scott Bessent hinting at a possible delay.
Pakistan and Afghanistan reopened the Torkham border crossing after nearly a month of closure due to clashes. Initially open for trade, pedestrian crossings will resume Friday. The closure had stalled supplies to Afghanistan, which heavily relies on Pakistani food imports.
Rwanda-backed M23 rebels withdrew from peace talks with Congo after EU sanctions on their leaders. With major battlefield wins, they demand more concessions. A surprise ceasefire call from Congo and Rwanda’s presidents may not impact the conflict, as mistrust stalls multiple peace efforts.
In a broad effort to streamline operations and reduce costs, a growing number of U.S. companies across various industries have announced significant layoffs.
Azerbaijani Foreign Minister Bayramov briefed his British counterpart on the current situation in the region and the peace process between Azerbaijan and Armenia. Today, Bayramov held a telephone conversation with David Lammy, UK Secretary of State for Foreign, Commonwealth, and Development Affairs.
Germany has ditched decades of fiscal restraint with a massive €500 billion spending plan, aiming to revive growth and bolster defence. With geopolitical tensions rising, Friedrich Merz calls it a "historic shift"—but critics warn of debt risks.
Turkey's lira fell as much as 12.7% and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and stocks also tumbling sharply, after authorities detained President Tayyip Erdogan's main political rival.
Putin and Trump have a strong rapport and plan to restore U.S.-Russia ties step by step, the Kremlin says. After their call, Putin agreed to halt attacks on Ukraine’s energy grid but rejected a full ceasefire. Moscow hopes for more direct talks as both leaders push for normalization.
John Flint will resign as CEO in the summer following the transition of the National Wealth Fund from the UK Infrastructure Bank.
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