Bloomberg US President Joe Biden welcomed congressional passage of $40 billion in aid for Ukraine and announced a new package of weapons he said would be sent “directly to the front lines.” A top Kremlin official said Russia is intent on taking all of the Donetsk and Luhansk regions of Ukraine. The US and United Nations are looking at ways ...

  Bloomberg Chancellor Olaf Scholz signature policy to boost Germany’s military prowess is struggling to get off the ground. Back in February, the 63-year-old chancellor vowed to end decades of military underfunding with a debt-financed 100 billion euro ($105 billion) defense package, dismantling the tenets on which German foreign policy long-rested since World War II. But since then Scholz has ...

Bloomberg Chancellor of the Exchequer Rishi Sunak said that extra government spending to help ease Britain’s cost-of-living crisis risks further stoking inflation, as he warned of tough months ahead for the UK economy. “We need to be careful,” Sunak said at the annual dinner of the Confederation of British Industry, speaking to hundreds of executives. “At a time of severe ...