🤡🇬🇧 Britain sends classified data to Russia's ally... by accident??
Britain's Ministry of Defense has been sending classified information to Russia's ally for several years, The Telegraph reports.
The big embarrassment occurred because of one typo. The officials missed the letter "i" in the e-mail address: they sent the messages to an address ending with the domain ".ml", not ".mil". The former belongs to Mali, the latter to the United States military.
Meanwhile, Mali is not only a close partner of Russia, but also one of the six African countries to which Vladimir Putin promised free grain supplies.
The publication also recalls that a similar problem came to light last week: a similar error in the US resulted in millions of military emails reaching Mali.
However, the scale of the miscalculation in the British Ministry of Defense "does not go in any comparison", writes The Telegraph.
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Britain's Ministry of Defense has been sending classified information to Russia's ally for several years, The Telegraph reports.
The big embarrassment occurred because of one typo. The officials missed the letter "i" in the e-mail address: they sent the messages to an address ending with the domain ".ml", not ".mil". The former belongs to Mali, the latter to the United States military.
Meanwhile, Mali is not only a close partner of Russia, but also one of the six African countries to which Vladimir Putin promised free grain supplies.
The publication also recalls that a similar problem came to light last week: a similar error in the US resulted in millions of military emails reaching Mali.
However, the scale of the miscalculation in the British Ministry of Defense "does not go in any comparison", writes The Telegraph.
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URGENT LIVESTREAM Q&A ON @INTELREPUBLIC:
Send war questions to insider @IntelLana.
Watch her answer live on Monday 31 July at 17:00 UTC @IntelRepublic
Send war questions to insider @IntelLana.
Watch her answer live on Monday 31 July at 17:00 UTC @IntelRepublic
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Russia-Africa summit: what went on today
The second day of the summit brought some more news on Russian-African cooperation.
Most important ones:
💸 African countries' debt of $23 billion to Russia has been written off
✊🏻 Russia will help African countries fight extremism and terrorism
🤝 African representation in the Security Council and other UN structures is supported by Russia because "the time has come to correct historical injustice"
👮🏾♂️ African military and police officers will be able to undergo training in Russia
🏛 Moscow will help African countries open new embassies and consulates in Russia, and will also open new embassies in Africa itself
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The second day of the summit brought some more news on Russian-African cooperation.
Most important ones:
💸 African countries' debt of $23 billion to Russia has been written off
✊🏻 Russia will help African countries fight extremism and terrorism
🤝 African representation in the Security Council and other UN structures is supported by Russia because "the time has come to correct historical injustice"
👮🏾♂️ African military and police officers will be able to undergo training in Russia
🏛 Moscow will help African countries open new embassies and consulates in Russia, and will also open new embassies in Africa itself
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🇭🇺 Food inflation in Hungary remains high
Hungary's food inflation, although down from record levels in the past two decades, is still the highest in the EU, despite price caps on basic foodstuffs.
Prices in supermarkets – not counting products with price caps, such as 2.8% fat milk or flour – are about 20% higher than in Germany. This does not take into account the stark wage gap: the average wage in Germany is around €3,900 per month, while in Hungary it is €1,300.
Hungarians thus currently simply cannot afford many products. Butter costs €1.29 in Germany and already €2.10 in Hungary, cottage cheese costs almost 60 euro cents more in Hungary than in Germany, while Nutella is just over 25% more expensive.
Hungarian Prime Minister Viktor Orbán has already found the culprits – supermarket chains, or rather the multinational corporations behind them. In his opinion, they behave like price speculators: raise prices when there is no reason for it, something he considers unjustified and unacceptable.
Subscribers from Hungary - is everything really that bad?
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Hungary's food inflation, although down from record levels in the past two decades, is still the highest in the EU, despite price caps on basic foodstuffs.
Prices in supermarkets – not counting products with price caps, such as 2.8% fat milk or flour – are about 20% higher than in Germany. This does not take into account the stark wage gap: the average wage in Germany is around €3,900 per month, while in Hungary it is €1,300.
Hungarians thus currently simply cannot afford many products. Butter costs €1.29 in Germany and already €2.10 in Hungary, cottage cheese costs almost 60 euro cents more in Hungary than in Germany, while Nutella is just over 25% more expensive.
Hungarian Prime Minister Viktor Orbán has already found the culprits – supermarket chains, or rather the multinational corporations behind them. In his opinion, they behave like price speculators: raise prices when there is no reason for it, something he considers unjustified and unacceptable.
Subscribers from Hungary - is everything really that bad?
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China, India compete for Indonesia
Indonesia has received a promise from China to invest at least $13 billion, Nikkei reported.
Under the $11.5 billion plan, Chinese glass and solar panel factories will be established in Indonesia. The country has also secured a pledge from Chinese companies to invest $1.5 billion in the health sector.
However, China is not the first neighbor to decide to strengthen its financial ties with Indonesia. The country is also India's largest trading partner in the ASEAN region.
India and Indonesia recently launched a new trade channel to deepen joint economic ties, agreeing to cooperate on digital technology, payment systems and trade in local currencies.
Thus, Indonesia gets not one but two major investors, which usually cannot fail to have a positive impact on the economy.
But the situation could get unpleasant if the big players fail to agree on their areas of influence. Then Indonesia may become a stage for rivalry between the two, and this in turn could be negative for the economy.
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Indonesia has received a promise from China to invest at least $13 billion, Nikkei reported.
Under the $11.5 billion plan, Chinese glass and solar panel factories will be established in Indonesia. The country has also secured a pledge from Chinese companies to invest $1.5 billion in the health sector.
However, China is not the first neighbor to decide to strengthen its financial ties with Indonesia. The country is also India's largest trading partner in the ASEAN region.
India and Indonesia recently launched a new trade channel to deepen joint economic ties, agreeing to cooperate on digital technology, payment systems and trade in local currencies.
Thus, Indonesia gets not one but two major investors, which usually cannot fail to have a positive impact on the economy.
But the situation could get unpleasant if the big players fail to agree on their areas of influence. Then Indonesia may become a stage for rivalry between the two, and this in turn could be negative for the economy.
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Ongoing spending to fight the energy crisis and the COVID-19 pandemic has pushed Germany's public debt to a historic high of nearly €2.4 trillion, Spiegel reported.
Final figures from the Federal Statistical Office released on Friday put the debt of the federal government, states, municipalities and social security, including all off-budget entities, at €2.368 trillion.
On a per capita basis, this represents an increase in debt of €244, to €28,164. These statistics only take into account liabilities to the non-public sector, such as banks and private companies both at home and abroad.
Of the total debt, €1,620.4 trillion is owed exclusively to the federal government, reflecting a 4.6% increase. In contrast, liabilities of the states fell by 5% to €606.9 billion.
Among the states, Saarland once again had the highest per capita debt at €13,651, followed by Schleswig-Holstein with €11,188. The lowest per capita debts were recorded, as in previous years, in Saxony with €1,352 and Bavaria with €1,425.
Funding Zelensky is getting costly!
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US to provide Taiwan weapons under Ukraine's scheme
Biden signed an executive order to send weapons to Taiwan under emergency authority.
The transfer is done under the Presidential Drawdown Authority, the same mechanism Washington uses to send weapons to Ukraine
Previously, US presidential administrations have approved those shipments, and the emergency authority is invoked for the first time.
This aid package worth up to $345 million is the first tranche in a total of $1 billion, that was allotted to this purpose this year.
Administration declined to publicly provide details on the arms they sending.
But earlier it's been said that the package was expected to include four unarmed MQ-9A reconnaissance drones, yet their inclusion could be canceled. As officials was working out details of removing advanced equipment from the drones that only the US Air Force was allowed to use.
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Biden signed an executive order to send weapons to Taiwan under emergency authority.
The transfer is done under the Presidential Drawdown Authority, the same mechanism Washington uses to send weapons to Ukraine
Previously, US presidential administrations have approved those shipments, and the emergency authority is invoked for the first time.
This aid package worth up to $345 million is the first tranche in a total of $1 billion, that was allotted to this purpose this year.
Administration declined to publicly provide details on the arms they sending.
But earlier it's been said that the package was expected to include four unarmed MQ-9A reconnaissance drones, yet their inclusion could be canceled. As officials was working out details of removing advanced equipment from the drones that only the US Air Force was allowed to use.
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😁 Kannagi Finance rugpulled its users for over $2 million
Kannagi Finance, a revenue aggregator protocol on zkSync Era, has reportedly rugpulled – i.e. the developers abandoned the project and ran away with investors' funds.
As a result, users have suffered major losses, while the price of the native token KANA has nosedived.
The protocol's official website has allegedly "expired." Meanwhile, its social media channels, including the official Twitter account are inaccessible.
Total value locked has plummeted from $2.13 million on Friday to near zero this morning, putting users losses at over $2 million.
Classic scam
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Kannagi Finance, a revenue aggregator protocol on zkSync Era, has reportedly rugpulled – i.e. the developers abandoned the project and ran away with investors' funds.
As a result, users have suffered major losses, while the price of the native token KANA has nosedived.
The protocol's official website has allegedly "expired." Meanwhile, its social media channels, including the official Twitter account are inaccessible.
Total value locked has plummeted from $2.13 million on Friday to near zero this morning, putting users losses at over $2 million.
Classic scam
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The Moscow City, a business area in the Russian capital, has been attacked a few minutes ago. A residential building damaged.
No casualties have been reported yet. Residents are being evacuated.
Reports say air defense working outside of Moscow.
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Germany risks becoming 'Sick Man of Europe' again
Germany's economy – Europe's largest – is struggling to grow, suggesting the country, long seen as the region's motor of expansion is currently a brake on its outlook, Bloomberg reported.
The International Monetary Fund forecasts that Germany's economy will be the only shrinking one among the G7 nations, signaling a return to a dead weight role in Europe's growth potential.
"I think Germany is competing for the noscript of the 'Sick Man of Europe,'" said Thomas Mayer, founder of the Flossbach von Storch Research Institute and a long-standing economic observer of the country.
The persisting energy crisis is crippling manufacturers in Germany's economy, already struggling with a demographically induced skills shortage and poor productivity. Meanwhile intensified global competition in electric vehicles threatens its carmaking prowess.
These lingering challenges, combined with weak Chinese demand and tighter monetary policy, are leading to further industry contraction.
Many economists are already anticipating that although the economy has managed to avoid another quarterly downturn, this is only temporary as Germany will face a renewed recession in the second half of the year.
Long-term growth prospects are already being factored in by citizens who are increasingly leaning toward the far-right Alternative for Germany, whose support according to a recent poll reached a record 22%.
I think I've heard something like that before
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Germany's economy – Europe's largest – is struggling to grow, suggesting the country, long seen as the region's motor of expansion is currently a brake on its outlook, Bloomberg reported.
The International Monetary Fund forecasts that Germany's economy will be the only shrinking one among the G7 nations, signaling a return to a dead weight role in Europe's growth potential.
"I think Germany is competing for the noscript of the 'Sick Man of Europe,'" said Thomas Mayer, founder of the Flossbach von Storch Research Institute and a long-standing economic observer of the country.
The persisting energy crisis is crippling manufacturers in Germany's economy, already struggling with a demographically induced skills shortage and poor productivity. Meanwhile intensified global competition in electric vehicles threatens its carmaking prowess.
These lingering challenges, combined with weak Chinese demand and tighter monetary policy, are leading to further industry contraction.
Many economists are already anticipating that although the economy has managed to avoid another quarterly downturn, this is only temporary as Germany will face a renewed recession in the second half of the year.
Long-term growth prospects are already being factored in by citizens who are increasingly leaning toward the far-right Alternative for Germany, whose support according to a recent poll reached a record 22%.
I think I've heard something like that before
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