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KYIV, Jan 27 (Reuters) – Ukraine will need an additional $17 billion in financing this year for energy repairs, de-mining and to rebuild infrastructure, Prime Minister Denys Shmyhal said on Friday.
He told a government meeting that five high-voltage substations in the central, southern and south-west regions were hit during Russia's air attacks on Thursday.
The energy sector has been severely damaged following four months of Russian missile and drones attacks. Shmyhal said the government hosted a meeting with Western partners this week to coordinate financial support in a transparent and efficient way.
"This year we need to finance a huge budget deficit of about $38 billion. Another $17 billion this year will be needed for fast reconstruction of the energy, humanitarian de-mining, rebuilding of the housing, critical and social infrastructure," Shmyhal said at the meeting.
The government also said it was setting up a state agency for infrastructure recovery and development. Mustafa Nayem, a prominent former journalist who had been a deputy infrastructure minister since 2021, would head the newly-created agency. (Reporting by Olena Harmash; editing by Tom Balmforth, William Maclean)
GettyRussia is scrounging around for new ways to boost its military’s numbers in Ukraine without kicking off domestic backlash, according to a new British government intelligence assessment.“The Russian leadership highly likely continues to search for ways to meet the high number of personnel required to resource any future major offensive in Ukraine, while minimizing domestic dissent,” the intelligence analysis, shared on Monday, said.“Russian authorities are likely keeping open the option of a
The Fed meeting presents a hurdle for the S&P 500 since chair Jerome Powell is likely to push back against expectations that there's just one more rate hike to go.
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Electric carmaker Tesla Inc is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export hub for the firm, Mexican presidential spokesman Jesus Ramirez said. Ramirez said that Tesla could put a plant at an industrial park in development about 3 kilometers (2 miles) from the Felipe Angeles International Airport (AIFA), a new hub opened by President Andres Manuel Lopez Obrador last year. "Tesla is looking at investing in that area to take advantage of AIFA," Ramirez told Reuters late on Monday, noting the site could serve as a base for the firm to export by air.
This question is complex in reality, but from our point of view, simple at the same time.
China took issue with an American guided-missile destroyer that was spotted near the disputed Paracel Islands in the South China Sea in July. USS Benfold had been navigating through the waters under the UN Convention on the Law of the Sea, which allows a vessel to conduct an innocent passage if it does not harm the peace, order or security of a coastal state. The US Seventh Fleet said restrictions on innocent passage imposed by China and other claimants to the islands breached international law.
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Invading Russian forces lost more than 500 people killed and wounded near the town of Bakhmut, Donetsk Oblast, over the past day, spokesman for the Eastern Group of the Ukrainian Armed Forces Serhiy Cherevatyi said on Ukrainian national television on Jan. 31.
The market’s expectations clash with projections from the central bank. The wording of the policy statement after Fed Open Market Committee gathering could indicate how many hikes really are ahead this year.
(Bloomberg) — US employment costs rose at a slower-than-expected pace in the closing months of 2022, adding to signs of moderating inflation that reinforces the case for a smaller interest-rate increase by the Federal Reserve this week.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsBrexit Is Costing the UK £100 Billion a Year in Lost OutputPutin’s War in Ukraine Pushes Ex-Soviet
America's debt ceiling was reached – again – on January 19, 2023 as the country exceeded its $31.4 trillion spending cap. The cap was raised to that amount in December 2021. As much terms like "ceiling" and "cap" are used … Continue reading → The post Debit Limit Ceiling Crisis Could Hit Your 401(k), Social Security and Medicare appeared first on SmartAsset Blog.
SPUTNIK / AFPRussia’s Prosecutor General Igor Krasnov informed Russian President Vladimir Putin that more than 9,000 reservists were illegally mobilized in the war against Ukraine, according to the president’s office.“Through the efforts of supervision, more than nine thousand citizens who were illegally mobilized were returned home, including those who, due to their health, should not have been mobilized in any way,” Krasnov said in a meeting with Putin, the transcript of which was shared on Tu
As Russian troops continue military operations in the then more-than-four-month-old war against Ukraine, tempers were flying high. Andrei Gurulyov, a crony of President Vladimir Putin and a Duma member, reportedly told Rossiya-1, that Russia should look to recreate the Cuban missile crisis. The Cuban missile crisis of 1962 saw the U.S. and the now-defunct Soviet Union prepping for nuclear missile attacks, the former positioning them in Italy and Turkey and the latter in Cuba. Also Read: Putin's
The Fed wants to achieve inflation reduction by forecast instead of by policy. That usually doesn't work.
Both economists think the U.S. Federal Reserve is just as likely to overestimate inflation as underestimate it.
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Crimea, the Black Sea peninsula annexed by Russia in 2014, will never again be part of Ukraine, Croatian President Zoran Milanovic said on Monday in remarks detailing his objection to Zagreb providing military aid to Kyiv. In December, Croatian lawmakers rejected a proposal that the country join a European Union mission in support of the Ukrainian military, reflecting deep divisions between Milanovic and Prime Minister Andrej Plenkovic. A vocal critic of Western policy in Ukraine, Milanovic has said he does not want his country, the EU's newest member state, to face what he has called potentially disastrous consequences over the 11-month-old war in Ukraine.
Chinese Americans from North Texas are protesting against two Texas Senate bills that would ban specific communities from buying property in the state. Over 250 protesters flocked to John F. Kennedy Memorial Plaza in downtown Dallas on Sunday to condemn Senate Bills 147 and 552, which they have denounced as discriminatory. Bill 147, filed by Republican State Sen. Lois Kolkhorst in November 2022, will effectively prevent people with ties to four countries — China, Russia, North Korea and Iran — from purchasing Texas property or real estate if passed.
Exclusive: CBS News obtained video of a portion of the deposition, which includes Trump saying, "Anyone in my position not taking the Fifth Amendment would be a fool."