Source link It reportedly took upward of $1.3 billion worth of interceptor missiles and other materials to shoot down Iran’s aerial barrages Israel has claimed success in defending itself against Saturday’s drone and missile barrages by Iran, but that effort reportedly came at a high price. The interceptors, jet fuel and other materials expended in […]
Source link Moscow has introduced tight requirements for companies wishing to divest, ensuring local buyers receive major discounts on businesses that are leaving Western companies that have left the Russian market amid sanctions have suffered billions in write-downs and lost revenue, Reuters reported on Thursday, citing calculations based on company filings and statements. The US […]
Source link Experts have attributed the shortages in Cote D’Ivoire and Ghana, which produce more than half of the world’s cocoa, to extreme weather The world’s largest cocoa producers, Cote d’Ivoire (Ivory Coast) and Ghana, have halted or scaled down processing in major plants amid soaring bean costs, Reuters reported on Thursday, saying the situation […]
Source link Following the start of hostilities, Berlin replaced Russian gas with costlier alternatives, with the industry bearing the brunt Germany has lost more than 200 billion euros ($216 billion) since the start of the Ukraine conflict nearly two years ago, the president of the German Institute for Economic Research, Marcel Fratzscher, has estimated. The […]
Source link Agency head Rafael Grossi has voiced doubts that the bloc would sanction Russia’s Rosatom The European Union is dependent on Russian uranium deliveries and sanctioning them would be unrealistic, International Atomic Energy Agency (IAEA) head Rafael Grossi said on Monday. Grossi was in Brussels, briefing EU foreign ministers on the Iranian nuclear enrichment […]
Source link The country’s departure from the EU has reduced the size of its economy, analysts say The UK has paid a high price for Brexit, which has spurred inflation and trimmed the size of its economy, Bloomberg reported on Monday, citing economists from Goldman Sachs. The departure from the EU has reduced Britain’s real […]
Source link Carlsberg Group had previously announced having de-consolidated Baltika Breweries, its Russian business The financial loss sustained by Danish brewing multinational Carlsberg Group due to its exit from Russia amounted to 40.8 billion Danish krone ($5.9 billion), according to the company’s full-year 2023 earnings report released on Wednesday. Last year, the Russian authorities took […]
Source link A growing number of Britons are choosing cheaper funerals amid declining living standards Funeral costs have risen to a record high in the UK, prompting nearly one in four people to opt for a direct cremation or burial with no send-off, according to a report by insurance firm SunLife. Almost one in five […]
Source link Global losses topped $250 billion last year, according to the world’s largest reinsurer Destructive thunderstorms and devastating earthquakes last year cost the world around $250 billion in damages, according to a new report issued this week by German reinsurance giant Munich Re. The figure is similar to what was recorded in 2022 and […]
Source link Americans do not want to be associated with the “wanton slaughter of innocent civilians,” the former intelligence officer said US President Joe Biden is alienating voters with his insistence on backing Israel’s campaign of “genocide” in Gaza, former US Marine Corps intelligence officer Scott Ritter has told RT. Supporting the destruction of Gaza […]
Source link A Ukrainian Defense Ministry audit has exposed over $262 million in improper expenditures The Ukrainian Defense Ministry has claimed that an internal probe of the country’s military procurement practices revealed $262 million in theft-related costs; the alleged perpetrators may be criminally prosecuted amid a crackdown on corruption. Ukrainian Defense Minister Rustem Umerov on […]
Source link Hungarian Prime Minister Viktor Orban has warned that the bloc’s economy would be killed if Kiev were allowed to join The European Union must carefully assess all the possible risks of granting membership to Ukraine, especially given that the country is still “at war,” Hungarian Prime Minister Viktor Orban said in an interview […]
Source link The US has launched Operation Prosperity Guardian, attempting to curb Yemeni rebel assaults on shipping in the Red Sea Pentagon officials are worried about the growing cost of countering Yemeni Houthi drone and missile attacks in the Red Sea, Politico reported on Wednesday. This comes after several major freight companies suspended travel through […]
Source link Expenses incurred by mass immigration to the Netherlands have averaged €17 billion per year over a quarter-century The Dutch government’s spending on migrants exceeds the average outlay on education, social security and benefits, according a new study. The net cost of immigration has reportedly amounted to more than €400 billion ($430 billion at […]
Source link The US Secretary of State has boasted that 90% of Ukrainian military aid is spent within the US economy Kiev needs to understand that Washington earns billions on the war in Ukraine while ordinary Ukrainians die, Kremlin spokesman Dmitry Peskov said at a press conference on Friday. He spoke a day after US […]