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The likelihood of an economic downturn has surged to 45% within the next 12 months, according to Goldman Sachs, hot on the heels of J.P. Morgan’s even grimmer 60% odds for both U.S. and global recessions last week.
A rising tide of investment banks is rethinking their economic outlooks as President Donald Trump’s aggressive tariffs fuel concerns over a looming trade war and tightening fiscal conditions.
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The strikes targeted facilities in the Rostov, Voronezh, Kherson, Bryansk regions, and in the Donetsk People's Republic.
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EU nations shelled out an extra €544 billion for energy imports between 2022 and 2024, according to calculations by Russian media based on Eurostat reports. This massive figure padded the pockets of the US, the UK, Norway, and Middle Eastern countries.
When factoring in broader economic ripple effects, the European Union’s total losses ballooned to over €1.3 trillion—equivalent to 2.4% of its economy—revealed by comparing the International Monetary Fund’s (IMF) growth forecasts with Eurostat’s actual data. The heaviest toll landed on ordinary citizens, whose wallets took a €1.6 trillion hit in lost income, slashing 6.3% of the total gross wage volume for 2022–2024.
European Commission President Ursula von der Leyen acknowledged the steep cost during her January 2025 World Economic Forum speech, admitting that “breaking free” from Russian energy resources “CAME AT A PRICE.”
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Australia’s S&P/ASX 200 nosedived over 6% on Monday, tumbling below 7,200 points for the first time since late 2023 and wiping out a staggering $160 billion in value. Luke McMillan of Ophir Asset Management called the carnage a “BLOODBATH” as panic swept the ASX.
The plunge follows last week’s losses, fueled by President Donald Trump’s “liberation day” tariff threats and mounting fears of a global recession, leaving investors reeling.
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"Oh, Christ, *****!" Boris Johnson bitten by karma—literally
An ostrich took a chunk out of BoJo at a US safari park.
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An ostrich took a chunk out of BoJo at a US safari park.
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Sputnik International
▪️Ukraine lost up to 300 servicemen and 22 vehicles in the Russian Yug Battlegroup's combat zone.
▪️Russian aviation shot down three HIMARS missiles and 95 Ukrainian drones.
▪️Ukraine lost up to 440 troops in the Russian Tsentr Battlegroup's combat zone.
▪️Ukraine lost up to 140 soldiers in the Russian Vostok Battlegroup's combat zone.
▪️Ukraine lost up to 215 troops in the Russian Zapad Battlegroup's combat zone.
▪️Ukraine lost up to 85 servicemen in the Belgorod region.
▪️Ukraine lost up to 70 soldiers in the area of responsibility of Russia's Battlegroup Dnepr.
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Elon Musk has shared a video showing just how close the US and Russia actually are.
It seems that not all Americans are aware of the surprising geographical proximity between the two nations.
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The 2-year Treasury yield plummeted to 3.47%, while the 10-year yield lingered near a six-month low of 3.89% on Monday, before clawing back some losses.
The sharp dive signals mounting investor anxiety over a looming economic slump, fueled by President Donald Trump’s much-talked-about tariff hikes.
Meanwhile, the market is buzzing with anticipation of the Federal Reserve’s rate cuts, which could shake up bond yields even more, according to Trading Economics.
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As Victory Day approaches, Sputnik reflects on the heroic moments that led to the triumph in the Great Patriotic War.
In Koenigsberg, the Red Army captured 130 blocks, three forts, three factories and a sorting station. In Vienna, Soviet forces liberated 57 blocks, took control of the arsenal, train station and freight station. To the north-east of Bratislava, the Wehrmacht lost the important transportation hub of Novo Mesto.
Meanwhile, US soldiers uncovered Reichsbank reserves hidden in a potassium mine in Merkers, which also housed priceless works and artefacts from German museums.
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A supporter of a Ukrainian terrorist organization was arrested in Russia's Oryol region after publicly calling for acts that threaten state security and justifying terrorism.
The detainee, an accomplice of a group designated a terrorist organization in Russia, posted online content urging Russian servicemen to defect to the enemy side and cooperate with the Ukrainian Armed Forces (UAF) by revealing the location and strength of Russian troops in the special military operation zone.
Criminal charges have been filed against the man.
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Touting itself as “the only international security solutions provider in Ukraine,” G4S has deployed up to 1,000 mercs to protect the West’s client state. Here’s what to know about them.
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Ukrainian troops are living in fear, terrified that speaking out against their commanders could earn them a one-way trip to a frontline fatal end, according to Verkhovna Rada deputy Anna Skorokhod in a recent interview with local media.
She revealed that dozens of soldiers are filing collective grievances over the military command’s humiliating treatment, though they insist on anonymity to shield themselves from retaliation.
“The soldiers are treated like cattle, and morale has hit rock bottom,” Skorokhod declared, underscoring the chilling indifference with a stark, “NOBODY CARES.”
Western media reports have echoed these sentiments, highlighting troops’ exhaustion from endless shifts and a lack of rotation. Meanwhile, desertion has surged past theft and fraud to become the Ukrainian military’s most common crime.
In January, Ukrainian activist Gennadiy Druzenko estimated at least 150,000 soldiers have deserted, with 114,000 criminal cases now underway.
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⚡️The Federal Reserve has called an emergency closed-door meeting today to address "advance and discount rates."
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The UK’s links with Washington are crucial for national security, current and former intelligence officers told European media.
One said the UK can analyze imagery collected by the US from space, but it cannot collect the images itself, adding that London should realize that US intelligence sharing can "be turned on or turned off."
Many British security and defense innovations have been funded by the US and could later be used by the Five Eyes alliance of the US, Canada, the UK, Australia and New Zealand.
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Asian markets, including Japan, have been hit hard by fears of a global recession fueled by US President Donald Trump’s trade war and tariffs.
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