Tag #Ukraine War

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European Equities Lag US Peers in 2024, But Recovery Potential Emerges

European equity markets lagged behind US peers in 2024, returning 7.7 percent (MSCI Europe ex-UK) compared to the MSCI World's 27.15 percent, due to factors including Brexit, the Ukraine war, and unfavorable demographics; however, attractive valuations and potential catalysts like increased M&A acti...

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abcnews.go.com
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EU Military Mobility Fund Criticized as Ineffective

Auditors criticize the European Union's 1.7 billion euro military mobility fund as too small and poorly managed to be effective, highlighting delays at internal borders (one country requires 45 days' notice for military convoys) and a lack of strategic planning in project selection, despite the urge...

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nos.nl
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Amsterdam Court Rules on Mask Deal; Almere Man Returns from Gaza

The Amsterdam court rules today on the Sywert van Lienden mask deal, while 33-year-old Abed al-Attar returns to the Netherlands after 15 months in Gaza; Trump proposes a permanent relocation of Gaza's population.

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dw.com
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Russia Planned Assassination of Rheinmetall CEO: NATO

NATO confirmed Russia planned to assassinate Rheinmetall CEO Armin Papperger in late January, a plot thwarted by US and German intelligence. This was part of a wider series of planned assassinations of European defense leaders, and German authorities warn of potential Russian sabotage of German defe...

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nrc.nl
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EU Leaders Seek Unified Defense Strategy Amid Ukraine War

EU leaders held an informal summit in Brussels to discuss bolstering Europe's defense capabilities, focusing on addressing equipment shortages, exploring funding options (including potential EU debt), and improving cooperation with allies like the UK and US amid the war in Ukraine and uncertain US s...

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kathimerini.gr
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Europe's Defense Shift After Trump's 2017 Warning

Following President Trump's 2017 Warsaw speech emphasizing American interests and questioning the West's will to survive, European nations, particularly Poland, have significantly increased defense spending, reaching 23 of 32 NATO members exceeding the 2% GDP target, and the EU committing $194 billi...

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it.euronews.com
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EU Audit Exposes Slow Military Mobilization Due to Bureaucracy and Funding Gaps

An EU audit reveals slow military mobilization due to bureaucracy and planning flaws, risking delayed responses to aggression despite a €1.7 billion budget (2021-2027) fully allocated by 2023, creating a four-year funding gap and uneven project distribution.

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nrc.nl
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EU Military Mobility Hampered by Administrative Hurdles

The European Court of Auditors reports that EU armies cannot move quickly enough across Europe due to administrative hurdles, such as weight restrictions on bridges and roads preventing cross-border military equipment transit, requiring 1.5 months' prior notification; this contrasts with Russia's lo...

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dw.com
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Exiled Russian Orthodox Priests Face Challenges in New Countries

Russian Orthodox priests are fleeing Russia due to persecution or restrictions under the Moscow-controlled church, facing challenges including lack of transferable skills, and seeking refuge and ministry opportunities abroad; one organization, Peace Unto All, assisted 45 priests and their families w...

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nos.nl
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Billions Earned from Selling Tankers to Russia's Shadow Fleet

Western ship owners earned over €6 billion selling 230 old oil tankers to a "shadow fleet" facilitating Russian oil exports to India, China, and Turkey since the Ukraine invasion, raising environmental and security concerns.

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bbc.com
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UK Teen Killed Fighting in Ukraine: Father Describes 'Cannon Fodder' Conditions

James Wilton, an 18-year-old from Huddersfield, UK, died in a drone attack in eastern Ukraine while fighting for the International Legion; his father describes his son's unit as "totally ill-equipped" and utilized as "cannon fodder", emphasizing the perilous conditions faced by foreign volunteers.

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politico.eu
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EU Proposes Emergency Clause for Increased Defense Spending

EU Commission President Ursula von der Leyen suggested an emergency clause to permit increased defense spending, allowing countries to raise military budgets without violating EU budget rules, addressing pressure from Southern European nations and US demands.

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