defense
The following is the July 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. With Ukraine desperately seeking cash to fund its defense and wartime budget needs, the country is running out of time before an Aug. 1 deadline to agree with creditors on what portion of its foreign debt will be written off as a so-called “haircut.” After a first round of negotiations ended last month without a deal, Finance Minister Serhii M...
Kyiv Independent
The following is the July 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. With Ukraine desperately seeking cash to fund its defense and wartime budget needs, the country is running out of time before an Aug. 1 deadline to agree with creditors on what portion of its foreign debt will be written off as a so-called “haircut.” After a first round of negotiations ended last month without a deal, Finance Minister Serhii M...
Kyiv Independent (UK)
The following is the July 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. With Ukraine desperately seeking cash to fund its defense and wartime budget needs, the country is running out of time before an Aug. 1 deadline to agree with creditors on what portion of its foreign debt will be written off as a so-called “haircut.” After a first round of negotiations ended last month without a deal, Finance Minister Serhii M...
Kyiv Independent (CA)
Washington (AFP) - Chancellor Olaf Scholz on Thursday hailed a decision from the United States to periodically station long-range missiles in Germany as a step to increase deterrence against Russia. Washington's move marks a return of US cruise missiles to Germany after a 20-year absence, and has sparked criticism even among members of Scholz's Social Democrats. The Kremlin also said the decision to station US missiles in Germany was pushing Russia and the West towards a Cold War-style confrontation. Defending the decision, Scholz told reporters at a NATO summit in Washington it is "something ...
AFP
Washington (AFP) - NATO allies on Wednesday announced they had started transferring F-16 jets to Ukraine and stepped up promises to Kyiv on eventual membership in the alliance at a 75th anniversary summit clouded by political uncertainties in the United States. With the pomp of the three-day gathering in the US capital, President Joe Biden is aiming to rally the West and also reassure US voters amid pre-election scrutiny on whether at 81 -- six years older than the alliance -- he remains fit for the job. Biden individually welcomed the other 31 leaders of the alliance before urging them to kee...
AFP
Washington (AFP) - NATO leaders meet Wednesday for their 75th anniversary, seeking ways to ramp up support for Ukraine as deadly Russian strikes and political uncertainties in the West stir new concerns. With the pomp of a summit in Washington, President Joe Biden is aiming to rally the West and also reassure US voters amid intense pre-election scrutiny on whether at 81 -- six years older than the alliance -- he remains fit for the job. Kicking off three days of events for the 32-nation alliance with a celebration Tuesday evening, Biden announced a new air defense system for Kyiv and urged uni...
AFP
Washington (AFP) - NATO leaders gather Tuesday in Washington for a summit aimed at showing resolve against Russia and support for Ukraine -- but the meeting is set to be overshadowed by US President Joe Biden's fight for political survival. The 81-year-old leader will try to use the three days of pomp marking NATO's 75th anniversary to reassure allies over US leadership, and his own ability to govern, as calls grow for him to quit the fight for a second term in office. Biden has so far defied pressure from some within his own party to step aside, after a disastrous TV debate against election...
AFP
The United States is full steam ahead into uncharted fiscal waters, with rapidly growing federal debt promising a choppy economic future. Candidates Joe Biden and Donald Trump have added trillions to the national debt during their recent presidential administrations, leaving America at a critical juncture that demands urgent, bipartisan action. If you read this column, you know the numbers are stark: U.S. government debt is projected to reach a staggering 122 percent of gross domestic product by 2034, far surpassing levels seen even during World War II. Not only is that a sharp rise from the c...
Reason
More than 20 NATO member states will hit or surpass the bloc's target of allocating at least 2% of GDP to defense spending this year, Secretary General Jens Stoltenberg said on June 17. "I can only now reveal that this year more than 20 allies will spend at least 2% of GDP on defense," Stoltenberg said at the Wilson Center think tank in Washington, reported by Reuters. "This is good for Europe and good for America, especially since much of this extra money is spent here in the United States," he added. Stoltenberg said that five years ago, the number was fewer than ten. There are currently 32 ...
Kyiv Independent
More than 20 NATO member states will hit or surpass the bloc's target of allocating at least 2% of GDP to defense spending this year, Secretary General Jens Stoltenberg said on June 17. "I can only now reveal that this year more than 20 allies will spend at least 2% of GDP on defense," Stoltenberg said at the Wilson Center think tank in Washington, reported by Reuters. "This is good for Europe and good for America, especially since much of this extra money is spent here in the United States," he added. Stoltenberg said that five years ago, the number was fewer than ten. There are currently 32 ...
Kyiv Independent (UK)
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