Russia's central bank hikes rates to fight inflation fuelled by military spending
Russia's central bank raised its interest rate by a full percentage point on Friday as government military spending in its invasion of Ukraine strains the economy.
The two Foreign Ministers met in London a day after UK and French daily papers published a joint article in which they criticised the invasion of Ukraine and called for a ceasefire in Gaza.
Credit: euronews (in English) Duration: 01:00Published
NATO and Ukraine will hold emergency talks on Tuesday after Vladimir Putin said Russia will ramp up the production of a new, hypersonic ballistic missile. Sky News
A Russian drone attack on Sumy, northeastern Ukraine, killed two people and injured 12 others on Friday morning, officials report. Residential buildings, cars, and a shop were damaged in the strikes. Rescuers saved two from rubble as prosecutors launched a war crimes investigation.
Credit: euronews (in English) Duration: 02:00Published
Bank of England governor Andrew Bailey has said he is "optimistic" that inflation pressures would ease sufficiently for the central bank to cut rates further.
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The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.
Credit: euronews (in English) Duration: 01:07Published
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