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Italy proposes EU guarantees to boost defence without raising debt

11 Mar 2025

By Giuseppe Fonte ROME (Reuters) -Italy has proposed to its EU partners a common guarantee scheme triggering defence and aerospace private investments in the bloc worth up to 200 billion euros ($216.48 billion), while limiting any impact on state coffers. The plan was detailed by Economy Minister Giancarlo Giorgetti during meetings of European finance ministers …

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Bund safe-haven status holds in swaps markets, but German spending surge worries loom

11 Mar 2025

By Stefano Rebaudo (Reuters) – After a seismic shift in German bonds, a pocket of the market is trading at levels close to those normally associated with financial crises, suggesting the euro zone safe-haven benchmark might be nearing a tipping point. The gap between 10-year swap spreads on the euro area’s main risk-free benchmark and …

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Ukraine’s air force says it downed Russian ballistic missile, 79 drones

11 Mar 2025

KYIV (Reuters) – Russian forces attacked Ukraine with a ballistic missile and 126 drones, setting a fuel storage facility on fire and injuring at least two people in different parts of the country, Ukrainian officials said on Tuesday. The Ukrainian air force said it shot down the ballistic Iskander-M missile and 79 of the drones, …

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Third person dies as a result of Ukrainian drone attack on Moscow region, local authorities say

11 Mar 2025

MOSCOW (Reuters) – A third person has died as a result of a Ukrainian drone attack on the Moscow region, Evgeniya Khrustaleva, the head of the town of Domodedovo, said on Tuesday via her channel in Telegram. Ukraine on Tuesday launched its biggest ever drone attack on Moscow, killing at least two workers at a …

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Report says German military is ageing and shrinking as parties seek funding

11 Mar 2025

BERLIN (Reuters) – Germany’s military is ageing and shrinking, the parliamentary commissioner for the armed forces warned on Tuesday, against the backdrop of a bid to overhaul borrowing rules to massively boost defence spending. In an annual report released on Tuesday, Eva Hoegl said that despite a recruitment drive launched in the wake of Russia’s …

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Poland arrests Ukrainian woman convicted of selling 56 human kidneys

11 Mar 2025

WARSAW (Reuters) – Polish border guards detained a Ukrainian woman who was sentenced in Kazakhstan to 12 years in prison for participating in an organised criminal group trading in human organs and selling 56 kidneys, prosecutors said on Tuesday. The 35-year-old woman, referred to only as Ksenia P. under Polish privacy laws, was detained at …

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Kremlin accuses Ukraine of targeting residential apartment blocks in massive drone attack

11 Mar 2025

MOSCOW (Reuters) – The Kremlin on Tuesday accused Ukraine of targeting residential apartment blocks after Kyiv launched its biggest ever drone attack on the Russian capital. Ukraine on Tuesday launched its biggest ever drone attack on Moscow, killing at least two workers at a meat warehouse, injuring 18 others and causing a short shutdown at …

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Poland defiant over big tech tax plan in latest spat with US

11 Mar 2025

WARSAW (Reuters) – Poland’s deputy prime minister vowed on Tuesday to stick with plans to introduce a new tax on big tech, hitting back at a threat of retaliation from the incoming United States ambassador amid a deepening war of words between Warsaw and Washington. United States President Donald Trump’s policies on security and trade …

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Saudi crown prince, Ukraine’s Zelenskiy discuss achieving sustainable peace in Ukraine, SPA says

11 Mar 2025

DUBAI (Reuters) – Saudi Crown Prince Mohammed bin Salman and Ukrainian President Volodymyr Zelenskiy discussed efforts to achieve “sustainable fair, and comprehensive” peace in Ukraine, according to a joint statement published on Tuesday by the Saudi state news agency (SPA). Zelenskiy and U.S. Secretary of State Marco Rubio have been visiting the kingdom since Monday …

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