Russian billionaires increased their combined wealth by 11% over the past year to a record $696.5 billion, according to Forbes. The rise comes despite ongoing war-related pressures and sweeping Western sanctions, highlighting the resilience of Russia’s resource-driven economy. Much of the wealth growth is tied to Russia’s vast natural resources, with higher global
Two local trains collided head-on north of Copenhagen early Thursday morning, leaving 17 people injured, including five in critical condition. The crash occurred on a regional line, with both trains sustaining heavy front-end damage after the impact. Emergency responders described chaotic scenes inside the carriages, with shattered glass and injured passengers. Around 38
Pavel Durov, the founder and CEO of Telegram, said he has received a legal summons in Russia that labels him a “suspect” in a criminal case. The notice was reportedly sent to an apartment where he lived two decades ago, raising questions about the intent and timing of the move. Russian authorities have intensified pressure […]
Former Moldovan oligarch Vlad Plahotniuc has been sentenced to 19 years in prison for his role in a massive banking fraud scandal known as the “theft of the century.” The scheme, which took place between 2014 and 2015, involved the disappearance of $1bn—equivalent to about 12% of Moldova’s GDP at the time. Prosecutors said Plahotniuc […]
Lufthansa has announced it will cut around 20,000 short-haul European flights this summer, citing soaring jet fuel prices that have made many routes unprofitable. Fuel costs have surged sharply following tensions in the Middle East, particularly linked to the ongoing conflict involving the US, Israel, and Iran, which has disrupted fuel production and transport. The […]
European semiconductor and electrical equipment stocks climbed sharply as investor confidence grew around the expanding artificial intelligence (AI) boom. Companies seen as key players in AI infrastructure benefited from strong earnings and optimistic forecasts, mirroring a powerful rally in U.S. chip stocks. The surge reflects increasing global demand for advanced chips
One of Russia’s largest publishers, Eksmo, said several employees have been questioned by authorities over alleged “LGBT propaganda” in its book catalogue. The development follows reports of raids by investigators in Moscow, though the company denied any searches or seizures, stating that four staff members, including its director, were taken in for questioning. The case
Germany’s central bank, the Deutsche Bundesbank, said the country’s economy likely recorded modest growth in the first quarter, supported by solid industrial output and resilient services activity. Despite weakening consumer confidence toward the end of the quarter, exports and business-related services helped sustain overall momentum. However, the outlook for the second
A bureaucratic mishap in Italy has highlighted deeper issues hampering cooperation with China in tackling organized crime. Documents sent by Chinese authorities in response to an Italian legal assistance request were mistakenly rejected by Italy’s Justice Ministry after staff refused to pay a delivery charge, unaware of their importance. The error forced Rome to request
The European Court of Justice has ruled that Hungary’s anti-LGBTQ legislation violates European Union law and core values, marking an unprecedented legal decision. The law, introduced in 2021 under Viktor Orbán, banned the “promotion” of homosexuality and gender change to minors. The court found that it breached fundamental rights, including non-discrimination, freedom of









