Ukraine declares mobilization effort in response to Russian advancement in the east.

Ukraine declares mobilization effort in response to Russian advancement in the east.

Ukraine is planning to draft another 160,000 troops into its military as Russia gains ground in the east. Russia has been advancing in the eastern Donetsk region and on Tuesday said it had fully captured the mining town of Selydove. It also comes amid reports that a number of North Korean troops have been deployed … Read more

Central bank of Russia increases key interest rate to 21% in effort to control inflation exceeding expectations

Central bank of Russia increases key interest rate to 21% in effort to control inflation exceeding expectations

Russia raised its key interest rate by 200 basis points to 21% on Friday, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term. This move exceeded the 100 basis-point hike that analysts had expected, bringing the institution’s benchmark rate to its highest level since February … Read more

Reuters reports that Cuba faces a third significant obstacle in the effort to restore electricity to the island, leaving millions of residents without power.

Reuters reports that Cuba faces a third significant obstacle in the effort to restore electricity to the island, leaving millions of residents without power.

Despite Cuba’s efforts to restore power to the island, they were unsuccessful for a third time late on Saturday, according to Cuban authorities. This left millions of people in the dark and raised doubts about the government’s ability to reestablish electrical service. The national electrical grid first went down around midday on Friday after the … Read more