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The Independent
15 minutes ago
- The Independent
Germany and allies to send major military aid package to Ukraine using new NATO supply line
Germany announced on Wednesday that it will work with a group of Ukraine's Western backers to supply a package of military aid to the war-ravaged country worth up to $500 million using a new NATO supply line. Earlier this month, NATO started coordinating regular deliveries of large weapons packages to Ukraine after the Netherlands said that it would provide air defense equipment, ammunition and other military aid worth 500 million euros ($582 million). Sweden announced the following day that it would contribute $275 million to a joint effort along with its Nordic neighbors Denmark and Norway to provide $500 million worth of air defenses, anti-tank weapons, ammunition and spare parts. Germany's foreign and defense ministries said the support is focused on equipment like 'critical air defense capabilities. These are urgently needed to defend against Russia's ongoing air strikes, which are killing more and more civilians throughout Ukraine.' The United Nations has said that Russia's relentless pounding of urban areas behind the front line has killed more than 12,000 Ukrainian civilians. Two deliveries of equipment, most of it bought in the United States, were scheduled for this month, although the Nordic package was more likely to arrive in September. Germany did not name the group of countries it would be working with. The equipment is supplied based on Ukraine's priority needs on the battlefield. NATO allies then locate the weapons and ammunition and send them on. Germany has delivered or pledged military support to Ukraine worth around 40 billion euros ($47 billion) since Russia launched its full-scale invasion in February 2022.
The Independent
15 minutes ago
- The Independent
Joe Gomez returns to Liverpool training ahead of Friday's Premier League opener
Liverpool defender Joe Gomez has returned to training ahead of Friday's Premier League opener at home to Bournemouth in a timely boost for head coach Arne Slot. The 28-year-old, the club's longest-serving current player, returned home from the tour of the Far East early with an Achilles injury and was subsequently sidelined for three weeks. But he was pictured with the rest of his team-mates on Wednesday as preparations ramp up for the defending champions' season opener at Anfield. His absence had left Slot with just two senior centre-backs in Virgil van Dijk and Ibrahima Konate and questions had been asked as to whether the Reds boss had left himself light in that area after allowing Jarell Quansah to join Bayer Leverkusen. However, moves are progressing for Crystal Palace's Marc Guehi and Parma's 18-year-old Giovanni Leoni, which would bring better balance to the squad.
Reuters
16 minutes ago
- Reuters
FTSE 100 ekes out gains amid global rally on US rate cut optimism
Aug 13 (Reuters) - Britain's FTSE 100 closed higher on Wednesday, reaching a one-week peak, as expectations of a U.S. Federal Reserve interest rate cut buoyed demand for risk assets globally. The blue-chip index (.FTSE), opens new tab finished 0.2% higher, marking its third consecutive day of gains, while the domestically focused midcap FTSE 250 index (.FTMC), opens new tab ended little changed. European bourses outperformed the FTSE 100 as losses in energy and financial stocks weighed on the London's benchmark. Global equities rallied following Tuesday's U.S. inflation data, which aligned with expectations and strengthened confidence in a September rate cut by the Fed, propelling Wall Street to record highs. This positive sentiment also lifted British markets, with healthcare stocks (.FTNMX201030), opens new tab leading gains, up 2.7%. Contrasting with U.S. optimism, British labour data on Tuesday revealed weak hiring alongside persistent wage growth - complicating the Bank of England's balancing act between economic slowdown and stubborn inflation. Markets now anticipate a delayed BoE rate cut in November. Next on the market's radar will be Thursday's gross domestic product data, which economists expect to show the British economy expanded by 0.1% in the three months to June. Investors' focus will also be on Friday's high-stakes talks between U.S. President Donald Trump and Russian President Vladimir Putin regarding a potential deal to end the conflict in Ukraine. A gauge of Britain's energy companies (.FTNMX601010), opens new tab declined 0.6% as oil prices fell more than 1% in the day, though losses were limited after U.S. Treasury Secretary Scott Bessent indicated sanctions against Russia or secondary tariffs could increase if Friday's meeting disappoints. Meanwhile, financials weakened with the non-life insurers index (.FTNMX303020), opens new tab falling 3.5%. Beazley (BEZG.L), opens new tab tumbled 12.3% in its worst one-day decline in nearly five years, after it lowered its annual premium growth forecast, partly hurt by subdued demand for its cyber and property risk insurance. Among other movers, infrastructure products maker Hill & Smith (HILS.L), opens new tab topped the gains on the midcap index, rising 10.2%, after its half-yearly results and announcement of a share buyback programme.
