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Ukraine war briefing: Netherlands to buy €500m of US arms for Kyiv in first for new Nato supply line

Ukraine war briefing: Netherlands to buy €500m of US arms for Kyiv in first for new Nato supply line

The Guardian7 hours ago
The Netherlands has said it will contribute €500m ($578m/£500m) to buy US military equipment for Ukraine, becoming the first Nato country to contribute to a new mechanism to supply Kyiv with American weapons. The Dutch defence minister, Ruben Brekelmans, said on X on Monday that the package would include Patriot parts and missiles. Nato's chief, Mark Rutte, welcomed the announcement and said he had encouraged other alliance members to participate in the new mechanism, called the Nato prioritised Ukraine requirements list (Purl) initiative. 'This is about getting Ukraine the equipment it urgently needs now to defend itself against Russian aggression,' Rutte – a former Dutch prime minister – said in a statement, adding that he expected 'further significant announcements from other allies soon'. President Donald Trump said last month the US would provide weapons to Ukraine, paid for by European allies, without providing details on how this would work.
The US ambassador to Nato said he expected many more countries to announce over the coming weeks that they would participate. 'We're moving as fast as possible,' Matthew Whitaker told Reuters on Monday. Asked about a timeline for getting US deliveries to Ukraine under the new mechanism, he said: 'I think we'll see it moving very quickly, certainly in the coming weeks, but some even sooner than that. The Dutch are just the first of many.'
Volodymyr Zelenskyy welcomed the Netherlands' decision. 'Ukraine, and thus the whole of Europe, will be better protected from Russian terror,' the Ukrainian president said on X. 'I am sincerely grateful to the Netherlands for their substantial contribution to strengthening Ukraine's air shield.'
Donald Trump's special envoy is expected in Moscow days before Donald Trump's deadline on Friday for Russia to make progress on ending the Ukraine war or face increased US sanctions, reports Shaun Walker. The US president said Steve Witkoff would visit Moscow on Wednesday or Thursday. When asked what message Witkoff would take to Russia and what Vladimir Putin, the Russian president, could do to avoid new sanctions, Trump: 'Get a deal where people stop getting killed.' Sources in Kyiv said they expected Keith Kellogg, Trump's Ukraine envoy, to visit the country towards the end of the week, possibly to coincide with Witkoff's visit to Moscow.
Ukraine said on Monday it had charged six people, including a lawmaker and a government official, for embezzling funds in the purchase of drones and jamming equipment for the military. Anti-corruption authorities said on Saturday they had uncovered a scheme offering kickbacks for purchases at inflated prices and that it allegedly involved a legislator, one current and one now-sacked official, a National Guard commander and two businessmen. The National Anti-Corruption Bureau alleged the bribes totalled about 30% of the contracts' value and that the drone contract was worth $240,000, with an inflation of about $80,000.
Volodymyr Zelenskyy said he had visited Ukrainian troops holding the line in the Kharkiv region bordering Russia and discussed how drones were used in fighting. 'Our warriors in this sector are reporting the participation of mercenaries from China, Tajikistan, Uzbekistan, Pakistan, and African countries in the war,' the Ukrainian president said on a social media on Monday. 'We will respond.'
Donald Trump said on Monday he would substantially raise tariffs on goods from India over its Russian oil purchases. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine,' Trump posted on his Truth Social platform. 'Because of this, I will be substantially raising the Tariff paid by India to the USA.' Trump earlier announced a 25% tariff on Indian goods starting last Friday, while New Delhi said it would safeguard its interests and called its targeting 'unjustified'.
Russia's Ryazan oil refinery has halted around half its refining capacity since 2 August after a Ukrainian drone attack last week, three industry sources told Reuters. Two primary oil refining units at the Rosneft-operated refinery – about 180km south-east of Moscow – were stopped after the attacks, they said.
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Tesla's UK sales fall almost 60% in July; Trump attacks ‘woke' JLR as it announces new boss
Tesla's UK sales fall almost 60% in July; Trump attacks ‘woke' JLR as it announces new boss

The Guardian

time5 minutes ago

  • The Guardian

Tesla's UK sales fall almost 60% in July; Trump attacks ‘woke' JLR as it announces new boss

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U.S. tariff of 15% on EU goods is all-inclusive
U.S. tariff of 15% on EU goods is all-inclusive

Reuters

time5 minutes ago

  • Reuters

U.S. tariff of 15% on EU goods is all-inclusive

BRUSSELS, Aug 5 (Reuters) - The 15% tariff that European Union goods face when entering the United States is all-inclusive, incorporating the Most Favoured Nation Rate, unlike some other countries with deals with the U.S., an EU official said on Tuesday. The 15% rate applies to all goods, except for steel, aluminium, the official said. Tariffs on pharmaceuticals and semiconductors are now zero, but if and when they rise as a result of the U.S. 232 investigations, the tariff will be no higher than 15% as well. This 15% ceiling also applies to cars and car parts. There are no quotas or limits on cars and car parts.

Diageo eyes £625m in cost savings after profits tumble
Diageo eyes £625m in cost savings after profits tumble

North Wales Chronicle

time6 minutes ago

  • North Wales Chronicle

Diageo eyes £625m in cost savings after profits tumble

It came as the group, which also makes Johnnie Walker whisky and Gordon's gin, saw net sales edge marginally lower amid weaker consumer demand for some spirits as younger people continue to moderate drinking habits. The London-listed spirits giant said it is seeking to secure £625 million in cost savings, increasing from a previous target of £500 million savings. Nik Jhangiani, interim boss of the firm, said the savings plan is 'not about job cuts' but added that 'there will be some' as a result. He stressed that the group could still increase its overall workforce. Diageo said it expects to secure these savings over the next three years from advertising and promotion efficiencies, reduced overheads and supply chain improvements. The increased savings plans come amid a period of upheaval at the group after the departure of its previous boss last month. Debra Crew stepped down as chief executive with 'immediate effect' and by 'mutual agreement', following a recent decline in Diageo's share value. Tariffs, cautious consumer demand and increased cost pressures have weighed down businesses across the drinks industry. On Tuesday, Diageo reported that net sales dipped 0.1% to 20.2 billion US dollars for the year, although organic sales grew by 1.7%. It said the drop in net sales was driven by unfavourable currency rates and changes to its brand portfolio. In Europe, Diageo reported that net sales were up 0.4%, with a 6.7% rise in Great Britain, despite a decline in the volume of sales. It said stronger sales in Britain were driven by the continued strong demand for Guinness, although this was held back by 'supply constraints' which saw some pubs run short of the Irish stout earlier this year. The firm revealed that operating profits fell 27.8% to 4.33 billion dollars (£3.3 billion) in the year to June 30. Mr Jhangiani said: 'While macroeconomic uncertainty and the resulting pressure on consumers continues to weigh on the spirits sector, we believe in the attractive long-term fundamentals of our industry and in our ability to continue to outperform as the TBA (total beverage alcohol) landscape evolves. 'We are focused on what we can manage and control and executing at pace. 'The board and management are committed to delivering improved financial performance and stronger shareholder returns on a sustained basis.'

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