Category: World

EU targets Ukraine’s military needs with massive new loan program plus billions in budget support

BRUSSELS — The European Union will dedicate most of a massive new loan program to Ukraine’s military needs over the next two years while also injecting billions into its war-ravaged economy, European Commission President Ursula von der Leyen said Wednesday. EU leaders agreed last month to loan Ukraine 90 billion euros ($105 billion) to help...
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The UK is watering down plans for mandatory digital ID cards after a backlash

LONDON — The British government has watered down plans for mandatory digital identification cards, a contentious idea it had touted as a way to help control immigration. It’s the latest policy U-turn by Prime Minister Keir Starmer’s embattled center-left government, which is under fire from both opposition politicians and governing Labour Party lawmakers. Officials confirmed...
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Saks Global files for bankruptcy

The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market. It’s one of the largest retail collapses since the Covid-19 pandemic, and casts...
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