The cost of the UK government’s energy support scheme caused public sector borrowing to soar to a record £16.7 billion last month, official figures show. According to the Office for National Statistics (ONS), public sector net borrowing in February was £16.7 billion, £9.7 billion more than the same month a year ago and the highest…
Energy Support Schemes Drive UK Government Borrowing to February Record
March 21, 2023
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‘Narrowly Focused and Fiscally Responsible’: Finance Minister Freeland Outlines Priorities for 2023 Budget
March 20, 2023
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Finance Minister Chrystia Freeland said the federal government plans to make “two significant and necessary investments” in the next budget, namely in health care and in building a green economy, while promising to be “narrowly focused and fiscally responsible” to fight inflation. “The truth is, we can’t fully compensate every single Canadian for all of the effects…
Ukraine War Could Last Another 12 Months, Says UK Defence Chief Ahead of Anniversary
February 24, 2023
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The war in Ukraine could last another year, UK Defence Secretary Ben Wallace has said. This Friday will mark the first anniversary of the war, which began when Russian President Vladimir Putin launched a full-scale invasion on Feb. 24, 2022. Asked whether the public will still see Ukraine and Russia at war in another 12…
British Gas Owner Centrica Sees Profits Triple in 2022 Amid Soaring Energy Prices
February 16, 2023
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Energy firm Centrica, which owns British Gas, has seen its profits more than treble in 2022 amid soaring energy prices following the Russian invasion of Ukraine. The energy giant reported underlying operating profits of £3.3 billion ($4 billion), more than triple its £948 million profits for 2021. Stripping out its Spirit Energy businesses that were…
2023: Year of the Drone or Year of the Tank?
Commentary The Russian invasion of Ukraine has exploded many myths, perhaps none more than the myth that, over the past decade or so, Russia has successfully transformed and modernized its armed force. Just before the war, many Western analysts (who really should’ve known better) were touting the Russian military as a well-equipped conventional force, built…
Biden: US Will Not Supply F-16 Fighter Jets to Ukraine
January 31, 2023
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President Joe Biden has seemingly ruled out that the United States will be providing Ukraine with F-16 fighter jets. In a short exchange with reporters on Jan. 30, Biden was asked if the United States would be providing F-16 fighter jets to Ukraine, to which he simply replied, “No.” Biden’s comments follow a similar announcement…
10 Russian Oligarchs Who Used ‘Golden Visa’ Route to UK Have Since Been Sanctioned: Minister
January 12, 2023
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Ten Russian oligarchs who were recipients of the UK’s so-called “golden visas” have since been sanctioned as a result of the invasion of Ukraine, UK Home Secretary Suella Braverman has revealed. The Tier 1 Investor visa, launched in 2008, has often been called a “golden visa,” as it offered residency to those investing £2 million…
China and Russia Set to Hold Joint Naval Drills This Week
December 19, 2022
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Beijing and Moscow will conduct joint naval drills between Dec. 21 and 27, an exercise that signals the rising cooperation between two of America’s greatest rivals. The joint exercises have been an annual event since 2012. The drills will take place in the East China Sea. “The active part of the exercise will include joint…
China, Russia Set to Hold Joint Naval Drills This Week
December 19, 2022
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Chinachina russia cooperationchina-russia naval drillsChinese Regimechinese support of russiaEuropeInternationalmilitaryRussian Invasion of UkraineUS-China relationsWorld
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Beijing and Moscow will conduct joint naval drills starting on Dec. 21, an exercise that signals the rising cooperation between two of America’s greatest rivals. The joint exercises, which have been an annual event since 2012, will take place in the East China Sea. “The active part of the exercise will include joint missile and…
Russia Uses Drones to Disrupt Power in Ukraine’s Odesa
December 11, 2022
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The Ukrainian port of Odesa was hit by Russian drone attacks that damaged all non-critical infrastructure in the region, leaving 1.5 million people without any power. According to Ukraine’s prosecutor general’s office, two power facilities in Odesa were targeted by Russia using the Iran-made Shahed-136 drones. In the southern regions of Odesa and Mykolaiv, Russia…
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