Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell, triggering fresh concerns about the independence of the US central bank. Powell has publicly linked the probe to ongoing political pressure over interest rate decisions, raising alarms across financial markets.
12 January,2026 08:51 PM IST
A deadly Russian missile strike has slammed into the Pivdennyi port region, leaving Odesa reeling once again as the city’s crucial export artery comes under relentless assault. Seven people have been killed and fifteen injured in the latest barrage, tightening the pressure on a region already fighting to keep its lifeline intact. Even as international negotiations begin gathering momentum, Putin is signaling no slowdown. Fresh intelligence contradicts claims that Moscow is seeking a quick resolution, instead suggesting the Kremlin believes Kyiv and its Western allies now carry the responsibility for the next decisive move. WATCH
20 December,2025 08:06 PM IST
Europe has taken one of its biggest wartime financial decisions yet. After intense late-night negotiations, the EU has officially approved a two-year, interest-free lifeline for Ukraine, designed to keep the country’s economy, military support systems, and government operations running through 2026. Instead of tapping into Russia’s frozen assets directly, EU leaders have chosen to raise the funds through capital markets, citing ongoing legal and technical barriers that have stalled any immediate use of Moscow’s immobilised billions. Antonio Costa emerged from marathon talks announcing the €90 billion support package, marking one of the EU’s strongest joint commitments since the war began. WATCH
20 December,2025 08:00 PM IST
European Union leaders are facing a high-stakes decision over nearly $200 billion in frozen Russian assets, as pressure mounts to secure long-term funding for Ukraine’s war effort. At a critical summit in Brussels, divisions have emerged over whether the EU can legally and safely use Russian central bank funds to support Kyiv. Ukrainian President Volodymyr Zelenskyy has stepped up diplomatic efforts, holding direct talks with Belgian Prime Minister Bart De Wever, as Belgium holds the largest share of the frozen assets through the Euroclear clearing house.
19 December,2025 12:16 AM ISTADVERTISEMENT
