Tag: Ukraine War

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EU: The USA, Britain, and Turkey to be excluded from the defense fund

The European Union will exclude defense companies from the USA, UK, and Turkey from a new €150 billion defense fund unless their countries sign security agreements with Brussels. Open only to EU firms and third countries with defense pacts, the initiative also bans advanced weapons systems like the U.S.-made Patriot, pushing a “Buy European” approach amid concerns over U.S. reliability.

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Trump’s Press Conference Highlights: Tariffs, U.S. Job Protection, and $100B Chip Investment

In a recent press conference, former President Trump discussed key topics including the impact of tariffs on job outsourcing, U.S. support for Ukraine, and the importance of semiconductor manufacturing for national security. He also celebrated a major $100 billion investment by TSMC in U.S. chip production, signaling a shift in global manufacturing and job creation.

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When Will Greece Move Clocks Forward for Daylight Saving Time?

Greece will move its clocks forward by one hour at dawn on Sunday, March 30, 2025, as part of the annual daylight saving time adjustment. While the measure was originally introduced to save energy and maximize daylight, debates continue over its future. The European Parliament voted to abolish seasonal time changes, but geopolitical and economic crises have delayed implementation. For now, Greece and much of Europe will continue the biannual clock shift, as experts assess the potential benefits and drawbacks of a permanent change.

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Europe Scrambles as Trump Sides with Russia

European leaders held crisis talks in Paris as President Trump’s embrace of Putin’s narrative on the Ukraine war sent shockwaves through traditional alliances. The move, coupled with proposed US-Russia peace talks excluding Europe and Ukraine, has fueled fears of a historic geopolitical realignment.

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Eurostat Report: Food Inflation in Greece Approaches Zero in November

Greece saw the second-lowest food inflation rate in the EU in November 2024, with prices rising by just 0.4% compared to the previous year. This marks the lowest increase since May 2021, reflecting a significant easing of financial pressures on households. While the general consumer price index rose by 3%, food prices dropped by 1.2% from October to November, second only to Malta’s decline.

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Russia Begins Mass Production of Mobile Nuclear Shelters Amid Escalating Tensions

Russia has begun mass production of “KUB-M” mobile nuclear shelters amid escalating tensions in the Ukraine war. These container-like shelters, accommodating up to 54 people, provide 48-hour protection from nuclear radiation, explosions, and other hazards. The move follows President Vladimir Putin’s decree expanding conditions for nuclear weapon use, reflecting growing geopolitical tensions.

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PM Mitsotakis to Emphasise Border Security at MED9 Summit

Greek Prime Minister Kyriakos Mitsotakis will attend the MED9 Summit in Cyprus, where Mediterranean EU leaders will discuss escalating tensions in the Middle East, migration challenges, and European economic competitiveness. Mitsotakis is expected to emphasise the importance of securing the EU’s external borders and enhancing cooperation with third countries on migration, while also addressing the need for a coordinated EU response to the crisis in the Middle East. The summit serves as a precursor to next week’s European Council Meeting.

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Key Talks on Euro-Turkish and Greek-Turkish Relations Set for Brussels Meeting

Greek Foreign Minister George Gerapetritis and Turkish counterpart Hakan Fidan will discuss key issues including Euro-Turkish and Greek-Turkish relations, as well as the Cyprus problem, in an upcoming meeting in Brussels. The talks, taking place on the sidelines of an informal EU foreign ministers’ meeting, come ahead of a planned meeting between Greek Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan at the UN General Assembly in September.

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Athens Expresses Concerns Over Potential Energy Crisis Amid Middle East Tensions

Athens is increasingly concerned about the potential for a widespread conflict in the Middle East, which could disrupt energy supplies, spike prices, and strain the economy. The Greek government is also on alert for a possible refugee wave and tourism impacts, though officials express confidence in the country’s ability to manage these challenges.