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Ukraine Hit by Massive Russian Strikes on Energy Grid, Blackouts Affect Hundreds of Thousands

Ukraine Hit by Massive Russian Strikes on Energy Grid, Blackouts Affect Hundreds of Thousands

KYIV — Ukraine said on Friday that a “massive” overnight Russian assault deliberately struck its energy infrastructure, knocking out power for hundreds of thousands of people, damaging thermal plants and railway links and killing at least one child as the country braces for a perilous winter. Kyiv’s leaders called the

Shutdown Crisis: Do Furloughed Federal Employees Really Get Back Pay?

Shutdown Crisis: Do Furloughed Federal Employees Really Get Back Pay?

WASHINGTON — The deepening government shutdown has begun to bite federal paychecks, as hundreds of thousands of civil servants receive reduced or delayed wages and many more face weeks without pay unless Congress acts — a reality sharpened by a controversial White House legal memo that questions whether furloughed workers are automatically

Europe’s defence stocks fall as Gaza ceasefire deal eases risk premium; China rare‑earth clamp tightens supply

Europe’s defence stocks fall as Gaza ceasefire deal eases risk premium; China rare‑earth clamp tightens supply

LONDON — European defence shares slid this week in a market déjà-vu: headlines that a U.S.-brokered Gaza ceasefire had been agreed knocked the sector’s geopolitical risk premium lower, while a near-simultaneous round of Chinese export curbs on rare-earths and magnet technology injected fresh, supply-chain risk that could bite

Ceasefire Agreement Reached in Gaza After Two Years of War

Ceasefire Agreement Reached in Gaza After Two Years of War

SHARM EL‑SHEIKH, Egypt — After more than two years of relentless conflict that has devastated the Gaza Strip and strained the wider Middle East, Israel and Hamas on Thursday signed the first phase of a ceasefire agreement, a deal brokered by the United States, Egypt, Qatar, and Türkiye and announced

European Markets Set to Open Lower as France’s Political Uncertainty Weighs on Sentiment

European Markets Set to Open Lower as France’s Political Uncertainty Weighs on Sentiment

LONDON — European stocks were poised to open in negative territory on Thursday, with investors closely watching political developments in France after President Emmanuel Macron’s office confirmed he will appoint a new prime minister within 48 hours. The uncertainty in Paris comes as traders weigh broader global market dynamics, from

Trump’s Grip on Federal Purse Strings Raises Alarm Over Spending Power

Trump’s Grip on Federal Purse Strings Raises Alarm Over Spending Power

WASHINGTON – As the federal government shutdown stretched into its second week, President Donald Trump has wielded control over billions in federal dollars in ways critics say push the boundaries of legality and constitutional norms. From withholding congressionally approved funds to redirecting tariff revenues and reshaping discretionary grants, Trump’s approach

Gaza Peace Push Continues as Israel Stops Another Aid Convoy

Gaza Peace Push Continues as Israel Stops Another Aid Convoy

CAIRO – Indirect ceasefire negotiations between Israel and Hamas resumed in the Egyptian resort of Sharm el-Sheikh on Wednesday, even as Israeli naval forces intercepted yet another international aid flotilla bound for Gaza. The juxtaposition underscored the fragile balance between diplomacy and confrontation as the war entered its third year. Talks