Swiss Lawmakers Seek Balanced Capital Rules for UBS Amid Stability Debate

By admin July 27, 2026 No comment

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Swiss lawmakers are preparing to debate new capital requirements for UBS next month as they look to strengthen the country’s banking system while ensuring the lender remains globally competitive. The proposed rules, introduced after the 2023 collapse of Credit Suisse, originally called for UBS to hold around $20 billion in additional Common Equity Tier 1 […]

Eight Killed in Strike on Holiday Camps in Russian-Held Zaporizhzhia

By admin July 25, 2026 No comment

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Eight people, including two children, were killed in an overnight attack on holiday camps in the Russian-controlled part of Ukraine’s Zaporizhzhia region, according to Russian-installed authorities. The strike also injured 14 people in the resort area of Kyrylivka, located on the Azov Sea coast near Melitopol. Russian-appointed governor Yevgeny Balitsky accused

Wildfires Spread Toward Bordeaux as Spain Battles Blazes

By admin July 25, 2026 No comment

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Wildfires in southwestern France advanced closer to Bordeaux on Saturday, forcing thousands of people to evacuate from the city’s suburbs. Strong winds fueled the flames, leading authorities to close Bordeaux Airport, deploy armed forces to support firefighters, and warn people to avoid travel in the affected areas. In neighboring Spain, firefighters continued

Irish Police Foil Border Bomb Plot

By admin July 25, 2026 No comment

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Irish police have intercepted a car carrying a significant explosive device near the border with Northern Ireland, preventing what officials said could have caused extensive damage. The vehicle was stopped near Carrickmacross in County Monaghan, around 10 kilometres from the border, and the army’s Explosive Ordnance Disposal team safely examined the device. A woman

Romania Shoots Down Second Drone After Airspace Breach

By admin July 25, 2026 No comment

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Romania said it shot down a second drone that entered its airspace in two days near the border with Ukraine. The drone was detected by radar on Saturday morning over a sparsely populated area in the Danube Delta, prompting the Romanian military to scramble two F-16 fighter jets before it was brought down. The incident […]

ECB Sees Inflation Returning to 2% Within a Year

By admin July 25, 2026 No comment

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The European Central Bank (ECB) expects inflation in the eurozone to return to its 2% target within the next year, according to ECB Chief Economist Philip Lane. Speaking after the central bank kept interest rates unchanged, Lane described the current inflationary pressures as a “medium-sized” shock that requires a measured policy response rather than aggressive

Spain Declares National Emergency Over Deadly Wildfires

By admin July 24, 2026 No comment

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Spain has declared a national emergency as massive wildfires continue to spread across several regions, forcing the evacuation of more than 10,000 residents from Villa del Prado, San Martín de Valdeiglesias, Pelayos de la Presa, and Aldea del Fresno. The move places the response under the direct authority of the country’s Interior Ministry. Under Spain’s […]

Russia Awaits New U.S. Peace Proposal on Ukraine

By admin July 24, 2026 No comment

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Russia said it will wait for new proposals from U.S. President Donald Trump aimed at ending the war in Ukraine, while continuing its military campaign. Kremlin spokesperson Dmitry Peskov said Moscow believes the Trump administration is sincere in seeking a peaceful settlement, but added that Russia will pursue its objectives on the battlefield until a […]

EU Charges TikTok Over Child Safety Concerns

By admin July 24, 2026 No comment

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The European Commission has accused TikTok of breaching the European Union’s Digital Services Act (DSA), alleging that the platform’s design does not provide sufficient protection for children online. Regulators said some account settings could expose minors to cyberbullying, unwanted contact, and online predators, potentially leaving the company facing a fine

Volkswagen Plans Deeper Cuts Amid Rising Chinese Competition

By admin July 24, 2026 No comment

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Volkswagen has announced plans to deepen cost-cutting measures as Chinese automakers continue expanding into the European market. CEO Oliver Blume said the company faces growing competitive pressure from more than 150 Chinese brands, alongside challenges from tariffs and weakening demand in China. The automaker is seeking major restructuring to remain competitive. The