Ukraine war

Cyprus, Greece advocate EU arms industry for Ukraine aid in funding stalemate

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Cyprus, Greece advocate EU arms industry for Ukraine aid in funding stalemate

Cyprus and Greece are pushing the European Union to prioritize its own defense industry in providing military aid to Ukraine. Despite an existing agreement allowing arms purchases from non-EU countries, the two countries argue that aid should benefit the European defense sector. Hungary is currently hindering the release of a €500 million package from the European Peace Facility intended for Ukraine’s military, citing concerns about discrimination against Hungarian companies in Ukraine as a reason for blocking the disbursement. Discussions are ongoing to bypass a potential Hungarian veto and expedite the flow of funds to Ukraine.

Russia plans higher taxes for rich, companies as cost of Ukraine war mounts

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Russia plans higher taxes for rich, companies as cost of Ukraine war mounts

Fact: The new tax thresholds and hike in corporation tax in Russia are expected to raise about 2.6 trillion rubles (bn) a year.

Cost of living, energy prices, top concerns for Cypriots

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Cost of living, energy prices, top concerns for Cypriots

Cypriots are most concerned about soaring prices and energy costs, according to a recent survey. 84% are worried about rising prices, while 72% are concerned about energy bills. Other concerns include crime, corruption, and poverty, with less immediate anxiety about issues like climate change and the Russia-Ukraine war. The survey also shows a sense of cautious optimism about household finances, with more households feeling comfortable with their income compared to the previous year. Consumer spending habits have shifted slightly, with a decrease in overall purchases and a focus on essentials and long-term goals such as home maintenance, improving quality of life, children’s education, and savings.

Pink Floyd drummer open to reunion but says no appetite for one

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Pink Floyd drummer open to reunion but says no appetite for one

Pink Floyd’s drummer Nick Mason expressed his openness to a reunion gig with the band, but believes his feuding bandmates Roger Waters and David Gilmour do not share the same sentiment. The band last performed together in 2005 at a charity concert. Keyboardist Richard Wright and original frontman Syd Barrett have passed away. Mason has not discussed the possibility of a reunion with Waters or Gilmour. The feud between Waters and Gilmour has intensified over the years. Mason hinted at the possibility of doing shows with his own ensemble, similar to a surprise appearance by Waters in 2022. Mason believes there is not much interest in a Pink Floyd reunion.

Ukraine peace talks should include Russia, Chinese diplomat says

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Ukraine peace talks should include Russia, Chinese diplomat says

Beijing supports a peace conference on the Ukraine war with equal participation of all parties, aiming to achieve peace in Ukraine. Switzerland will host talks on June 15-16, but Moscow and Kyiv have expressed doubts about the summit. China had previously proposed a 12-point plan to end the war, which received a mixed reception. Despite the ongoing conflict, Beijing is willing to continue playing a role in finding a solution to the crisis.