ERIKA JOHNSON
European inflation soars to a record 7.5% on fuel, food costs.
Eurostat reports eurozone inflation surged to 7.5% in March, the highest since 1997, as rising energy prices and the Ukraine war squeeze consumer spending. This marks the fifth consecutive month of record-breaking inflation, reflecting global economic challenges and increasing cost of living pressures.
Cyberattack in Ukraine war affected thousands across Europe.
A massive cyberattack targeting a satellite network used by Ukraine's government disrupted internet services across Europe, knocking offline tens of thousands of broadband users from Poland to France and impacting remote access to wind turbines.
Activists stage global climate protest, slam Ukraine war.
Climate activists from Indonesia to Europe and the US staged global protests, calling for stronger environmental policies and an end to the Ukraine war. The Fridays for Future movement, inspired by Greta Thunberg, organized demonstrations demanding systemic changes to combat climate change.
The US, EU sign data transfer deal to ease privacy concerns
The United States and European Union have signed a preliminary data transfer agreement, allowing European personal information to be stored in the U.S. President Biden and European Commission President von der Leyen announced the breakthrough during Biden's Brussels visit, bringing relief to thousands of companies.
Biden pledges new Ukraine aid warns Russia on chemical weapons.
President Biden and Western allies announced new sanctions, humanitarian aid, and refugee support for Ukraine. The U.S. will welcome up to 100,000 Ukrainian refugees and provide $1 billion in critical supplies, while leaders discuss potential responses to escalating Russian aggression.
The U.S. imposes fresh sanctions on Russia over the Ukraine invasion.
The United States has imposed fresh sanctions on Russia, targeting dozens of defense companies, hundreds of parliament members, and the chief executive of Russia's largest bank, escalating economic pressure over the Ukraine conflict.
Russian stock market, crushed by war, will partially reopen
Russia plans to resume limited stock trading nearly a month after the market crashed following the Ukraine invasion. Trading will be allowed for 33 companies in the MOEX Index, including Gazprom, Aeroflot, and Rosneft, with heavy restrictions to prevent massive selloffs.
Putin wants ‘unfriendly countries’ to pay rubles for gas.
Russian President Vladimir Putin announced Russia will require countries it considers unfriendly to pay for natural gas exports exclusively in rubles, criticizing Western nations for freezing Russian assets and undermining currency trust.
UK inflation hits a 30-year high of 6.2% as Sunak readies...
British inflation surged to 6.2% in February, the highest since 1992, with household energy bills rising almost 25% and food prices increasing across the board. The Office for National Statistics reports the unexpected spike, putting pressure on Finance Minister Rishi Sunak to address the economic squeeze.
‘No mercy’: Mariupol bombing compared to Nazi war crimes.
Polish President Andrzej Duda draws stark comparisons between Russia's assault on Mariupol and Nazi bombing of Warsaw, highlighting civilian suffering as over 3.5 million Ukrainian refugees flee to neighboring countries