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The EU has slapped 10 rounds of sanctions on Russia since it invaded Ukraine in February 2022, but hundreds of millions of euros worth of trade with Russia's nuclear energy industry has not been directly affected. All EU countries must agree for the bloc to impose sanctions and Budapest - where Rosatom is to expand the Paks nuclear power plant - has vowed to oppose any curbs on the Russian nuclear energy industry. It was not clear when the EU would impose any new sanctions on Russia. EU nuclear agency Euratom said Russia provided a fifth of the uranium used by EU utilities in 2021, the latest data available, as well as a fourth of conversion and a third of enrichment services. “The future dependence on Russia in the nuclear fuel cycle depends on investment in the ‘global West’,” Euratom told Reuters.

☆ Cineworld drops major sale plan and proposes new debt deal
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: +2 min

Cineworld, which operates 9,000 theatres in 10 countries, has warned that a lack of blockbusters is hurting admissions. Cineworld has scrapped plans to sell its U.S., UK and Ireland businesses after failing to find a buyer, the cinema chain operator said on Monday, as it proposed a new debt restructuring plan. Under a new tentative deal with lenders it said it aimed to reduce debt by about $4.53 billion, mainly through creditors getting equity in a reorganized group. It had net debt of $8.81 billion including lease liabilities as of June 2022. The company reiterated that shareholders will be wiped out under its restructuring plans.

☆ Cineworld shares tank after Regal Cinemas owner ditches plans to sell US and UK businesses
▼ + stars: | 2023-04-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shares in Cineworld plunged more than 30% Monday, hitting their lowest level since late August, after the owner of Regal Cinemas said it planned to terminate efforts to sell its US, UK and Irish businesses. The world’s second-largest movie theater chain also announced a debt restructuring plan with lenders to help it exit bankruptcy. Cineworld — which, like many cinema operators, was hit hard by the pandemic — filed for Chapter 11 bankruptcy protection in September. In addition to the United States, the United Kingdom and Ireland, Cineworld operates cinemas in Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania and Israel. After two rounds of closures in the United States, around 500 Cineworld theaters remain across the country.

Humanity will prevail," Zelenskiy said, leading a ceremony at which the Ukrainian flag was raised in Bucha. Zelenskiy described Bucha as a "symbol of the atrocities" of Russian occupying forces. Fighting rages on in the east and south of Ukraine, where Russian forces hold swathes of territory captured after they invaded on Feb. 24, 2022. Ukrainian forces have dug in and held out for now in the city of Bakhmut and are expected to launch a counteroffensive soon. This is part of Russia's planned strategy to destroy Ukraine as a state and Ukrainians as a nation," he said.

☆ East Europe governments urge tech firms to fight disinformation
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +3 min

PRAGUE, March 29 (Reuters) - Ukraine and seven other central and eastern European nations have called on the world's top tech firms to act to fight disinformation on their social media platforms by hostile powers which they say undermine peace and stability. "Big tech companies should be vigilant and resist being used as means of advancing such goals. The letter was signed by the prime ministers of Ukraine, Moldova, Poland, Czech Republic, Slovakia, Estonia, Latvia and Lithuania, and released by Czech Prime Minister Petr Fiala's office. The Computer and Communications Industry Association (CCIA), whose members include Meta, Twitter and Google (GOOGL.O) among others, said it backed measures to fight disinformation such as Europe's Digital Services Act (DSA). Platforms should dedicate enough staff and funding for content moderation, address the growing threat of deepfakes and artificial intelligence-generated disinformation, it said.

☆ How Ukraine's closest allies turned the tide on sending advanced tanks, and could do the same for military jets
▼ + stars: | 2023-03-28 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +10 min

Their success, an expert told Insider, shows how Europe's balance of power has shifted eastwards since Russia's invasion in February 2022. Sergei Grits/APEstonian Foreign Minister Urmas Reinsalu told Insider that Ukraine's allies had been "too slow" when deciding to send weapons to Ukraine. AP Photo/Martin Meissner, FileReinsalu, Estonia's foreign minister, told Insider that he had repeatedly engaged with his German counterpart about the decision. Kallas and Šimonytė, the two prime ministers, both told Insider that they support Ukraine getting military jets. "Ordinarily, on less critical matters, peer pressure happens but the public sees very little of it or none of it," he told Insider.

☆ Peru's Garcia Leon breaks 35 km race walk world record
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: 1 min

March 25 (Reuters) - Peru's Kimberly Garcia Leon broke the 35 km race walk world record on Saturday with a time of two hours 37 minutes and 44 seconds in Dudince, Slovakia. The world champion in both the 20km and 35 km walk broke the previous record of 2:38:24 set by Russian Klavdiya Afanasyeva in 2019, in a warning to her rivals ahead of the Paris Olympics next year. China's Liu Hong came in second in an Asian record of 2:40:06 while Magaly Bonilla from Ecuador took third place. At Paris 2024, there will only be one race of 20km for the women and a 35km mixed team race walk. Reporting by Tommy Lund in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Ukraine's air force is now allowing foreigners to sign up as pilots as it pushes for Western fighter jets
▼ + stars: | 2023-03-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Ukraine's Air Force will now allow foreigners to serve as pilots, engineers, and specialists. Ukraine said that its air force has been inundated with offers from people willing to fight Russia. Yurii Ihnat, a spokesperson for the commander of Ukraine's air force, said in a statement Thursday that foreign citizens will be able to join if they have suitable military training. Despite bipartisan calls in the US for President Joe Biden's administration to send F-16s, Biden himself said on February 24 that Ukraine "doesn't need F-16s now." Serhii Holubtsov, chief of aviation of Ukraine's Air Force, however, told The Times of London that Ukrainian fighter pilots would be ready to fly F-16 jets after fewer than six months of training.

☆ Zelenskiy tells Europe: Be quicker with military aid or face a long war
▼ + stars: | 2023-03-23 | by ( Nick Starkov | ) www.reuters.com time to read: +2 min

Although Ukrainian officials have repeatedly urged partners to step up supplies of weapons, Zelenskiy's comments represented an unusually open display of frustration. "If Europe waits, the evil may have time to regroup and prepare for years of war. "We cannot keep delaying the transfer of weapons to our soldiers ... we need modern aircraft. Is there truly any rational motivation in delays concerning modern aircraft?" Zelenskiy also complained that the EU appeared to be in no hurry to impose more sanctions against Russia.

☆ Even with F-16s, Ukraine's pilots still wouldn't be 'out of the woods' against Russia's air force, US officials say
▼ + stars: | 2023-03-22 | by ( Christopher Woody | ) www.businessinsider.com time to read: +10 min

Polish and Slovakian MiG-29s would add to Ukraine's fleet and be familiar to Ukrainian pilots but won't bring much more capability than Ukraine's current MiG-29s. 'The hard work'A pilot exits a Polish Air Force F-16 at an airbase in Poznan in November 2006. If the US or another NATO country elected to supply Ukraine with F-16s, Kelly said his first question would be "what sustainment depot are they going to use? "Again, that's just for the short-term of being able to launch or recover aircraft," Baum said. Ukraine's new jets would also be flying against Russian air-defense weapons that have claimed dozens of Ukrainian aircraft and continue to contest the airspace around the front lines.

☆ Slovakia gets U.S. helicopter offer after sending jets to Ukraine
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Bell helicopter Ah-1Z Viper helicopter is seen outside a hall at the 30th International Defence Industry Exhibition in Kielce, Poland September 5, 2022. REUTERS/Kacper PempelMarch 22 (Reuters) - The United States has offered to sell Slovakia 12 new Bell AH-1Z Viper helicopters at a two-thirds discount after Bratislava sent its retired MiG-29 fighter jets to Ukraine, Defence Minister Jaroslav Nad said on Wednesday. Last week it became the second of Ukraine's allies, after Poland, to provide fighter jets, which Kyiv believes are crucial to repel Russia's year-long invasion. Alongside the offer of U.S. equipment, Slovakia will receive 250 million euros ($269 million) in European Union compensation, Nad said. Nad said the helicopter offer was partly due to its support for neighbour Ukraine and also indirect compensation for the delayed delivery of F-16 fighter jets which the country ordered in 2018 that are now due to arrive in 2024.

☆ VW's Skoda would cut 3,000 jobs if 'Euro 7' implemented in current form
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +1 min

PRAGUE, March 19 (Reuters) - Czech carmaker Skoda would have to cut 3,000 jobs and axe some models if the European Union's "Euro 7" emissions scheme is implemented in its current form, a Skoda board member warned in a TV debate on Sunday. Daimler Trucks (DTGGe.DE) chief Martin Daum for instance said on March 10 it would cost the industry "billions". Overall, more than 10,000 jobs would be at risk in the Czech Republic, including at Skoda's suppliers, Jahn said. The three smaller models represented nearly a third of Skoda's deliveries to customers in 2022. Transport ministers from the Czech Republic, Germany, Italy, Poland, Portugal, Romania, Hungary and Slovakia met on Monday to discuss their efforts to change the Euro 7 proposal.

☆ ECB likely to keep boosting interest rates, Belgian central-bank chief says
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +3 min

FRANKFURT/BRUSSELS, March 18 (Reuters) - The ECB is likely to keep raising interest rates as a repeat of the 2008 financial crisis is unlikely with European banks subject to tougher rules than regional U.S. banks, Belgian central bank chief Pierre Wunsch said. It will meeting by meeting," Wunsch said. "If you look at the Belgian banks, they are more solid than the average of European banks. "We do neither see a risk of contagion nor a risk of instability if we look at the figures from a rational perspective," the central bank governor said. Asked about the future of Credit Suisse, Wunsch said he only saw a "very low" likelihood that the bank might go bankrupt.

☆ Slovakia to Send 13 MiG Jet Fighters to Ukraine Ahead of Counteroffensive
▼ + stars: | 2023-03-17 | by ( Isabel Coles | Georgi Kantchev | ) www.wsj.com time to read: 1 min

Slovakia said it would send 13 MiG-29 jet fighters to Ukraine after Poland pledged to supply four, marking a significant boost in support for Kyiv as it builds up for a counteroffensive against Russia’s invading forces. Poland on Thursday became the first Western nation to say it would supply warplanes to Kyiv, underscoring Warsaw’s leading role in European policy-making on Ukraine.

☆ Slovakia, Poland to send Ukraine MiG fighter jets in major shift; China's Xi to visit Russia next week
▼ + stars: | 2023-03-17 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Slovakia's government approved a measure to send its Soviet-era MiG jets to Ukraine, officials said. The Eastern European NATO member announced it would send 13 of the jets to Ukraine, one day after Poland said it would supply Kyiv with four of its jets. Ukraine has long requested fighter jets in order to protect its skies against Russian attacks and combat Russian forces in the country. just approved sending 13 #MiG29s to #Ukraine! fighter jets, I said we'll do our best.

☆ Russia says it will destroy fighter jets sent to Ukraine
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

March 17 (Reuters) - Russia said on Friday that all fighter jets supplied to Ukraine by Western nations would be destroyed after NATO members Poland and Slovakia pledged to send MiG-29 jets to Kyiv. Since Russia's invasion last year NATO countries have sent billions of dollars of military aid to Ukraine, as Kyiv asks for weapons it says are vital to fend off Russian advances. Moscow has accused the West of directly participating in the conflict through supplying weapons to Ukraine, and has warned before that NATO weapons were legitimate targets for its forces. "It feels like all of these countries are thus engaged in the disposal of old unnecessary equipment," he said. Slovakia ordered F-16 fighter jets from the United States in 2018 to replace its ageing MiG-29 planes.

☆ Poland says it will send MiG fighter jets to Ukraine 'in the next few days'
▼ + stars: | 2023-03-17 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Poland will be the first NATO member to supply about a dozen fighter jets to Ukraine. This makes Poland the first NATO member to supply fighter jets to Ukraine. This plea for fighter jets has been a longstanding request from Ukrainian President Volodymyr Zelenskyy. But Poland's decision to supply military jets to Ukraine may not push other allies to do the same. A White House representative said President Joe Biden has not changed his mind on not giving Ukraine fighter jets.

☆ Slovak government to send MIG-29 fighter jets to Ukraine - PM
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

March 17 (Reuters) - The Slovak government approved sending MIG-29 fighter jets to Ukraine, Prime Minister Eduard Heger said on Friday, stepping up its military assistance to Kyiv in its fight against the Russian invasion. Slovakia is the second country to send war planes to Kyiv after Poland, which announced on Thursday it would do so. Its fleet of 11 MiG-29 planes was retired last summer and most of them are not in operational condition. On Thursday, Poland announced it would send Ukraine four MiG-29 fighter jets in coming days, making it the first of Kyiv's allies to provide such aircraft. Western countries that have provided Ukraine with arms have so far declined to send fighter jets.

☆ Slovakia sends MIG-29 fighter jets to Ukraine - PM
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Slovakia on Friday became the second of Ukraine's allies to provide MIG-29 fighter jets which Kyiv believes are crucial to repel Russia's year-long invasion. Its fleet of 11 MiG-29 planes was retired last summer and most of them are not in operational condition. On Thursday, Poland announced it would send Ukraine four MiG-29 fighter jets in coming days, making it the first of Kyiv's allies to provide such aircraft. Western countries that have provided Ukraine with arms have so far declined to send fighter jets. Slovakia ordered F-16 fighter jets from the United States in 2018 to replace the ageing MiG-29 planes.

☆ Poland to send Ukraine four MiG-29 jets in coming days
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Polish Air Force MiG-29 aircraft fires flares during a performance at the Radom Air Show at an airport in Radom August 24, 2013. REUTERS/Kacper PempelWARSAW, March 16 (Reuters) - Poland will send Ukraine four MiG-29 fighter jets in coming days, the president said on Thursday, making it the first of Kyiv's allies to provide such aircraft. One of Ukraine's staunchest supporters, Warsaw has taken a leading role in persuading sometimes hesitant allies to provide Kyiv with heavy weaponry. NATO allies in the former communist east such as Poland and Slovakia have been particularly vocal supporters of Kyiv since Russia invaded Ukraine on Feb. 24, 2022. Slovakia has also been considering whether to send MiG-29s to Ukraine but has yet to reach a decision.

☆ Poland may give Ukraine MiG-29 jets in next 4-6 weeks, says PM
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

WARSAW, March 14 (Reuters) - Poland could give Ukraine MiG-29 fighter jets in the coming four to six weeks, Prime Minister Mateusz Morawiecki said on Tuesday, suggesting that Kyiv's allies were moving closer to an agreement on the next step in their military support for the country. Poland has said it would be prepared to send Soviet-designed MiG-29 jets to Ukraine as part of a coalition of countries. "That could happen in the coming 4-6 weeks," Morawiecki told a news conference when asked how long it could be before Warsaw supplies the aircraft. Nad said the time had come also for Slovakia to make a decision on whether or not to send jets to Ukraine. Poland has sent 14 German-made Leopard 2 tanks to Ukraine.

☆ Exclusive: Agrofert to win EU approval to buy Borealis' nitrogen unit
▼ + stars: | 2023-03-10 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, March 10 (Reuters) - Czech group Agrofert is set to win unconditional EU antitrust approval for its purchase of the nitrogen business of Austrian energy group OMV's (OMVV.VI) unit Borealis, a person with direct knowledge of the matter said on Friday. Borealis in June last year announced the deal to sell the business, which includes fertiliser, melamine and technical nitrogen, on the basis of an enterprise value of 810 million euros ($863.5 million). Borealis is 75%-owned by energy group OMV and 25% by Abu Dhabi state fund Mubadala. It finalised a turnaround programme in its fertiliser business two years ago. Agrofert has manufacturing facilities in Germany, Slovakia and the Czech Republic and is owned by Czech ex-premier and now opposition leader Andrej Babis.

☆ Awaiting an IRA response, Volkswagen pauses decision on eastern Europe battery plant
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

Companies Volkswagen AG FollowMarch 8 (Reuters) - Volkswagen (VOWG_p.DE) is pausing plans for a battery plant in eastern Europe and prioritising building a plant in North America where it expects to reap 9-10 billion euros ($10.54 billion) in subsidies, the Financial Times reported on Wednesday. The company was waiting for a response from Europe to the U.S. $369-billion Inflation Reduction Act package before moving ahead with its plans in the region, the newspaper reported, citing sources with knowledge of the matter. Volkswagen board member Thomas Schmall posted on LinkedIn last week that Europe risked losing "the race for billions of investments that will be decided in coming months and years" to the attractive conditions offered by the IRA. The company said in October last year it planned to firmly settle on a location for the plant in the first six months of 2023. ($1 = 0.9489 euros)Reporting by Victoria Waldersee Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.

☆ More pain for the crypto industry means a chance for startups to pivot
▼ + stars: | 2023-03-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

After an awful 2022 that saw one of the industry's high-profile figures implode, the crypto market is looking for a bounceback. McDermott laid out to Insider's Bianca Chan and Dakin Campbell how tough times for crypto startups mean more realistic valuations and, in some cases, a reevaluation of the business model. Once of the most common critiques I hear about crypto is "It's a solution looking for a problem." The most recent crypto winter could force startups to be a bit more pragmatic about the specific problem they are looking to address. "If you can solve fraud in crypto, you can solve fraud in basically any part of finance," Meier told Insider.

☆ Slovak prime minister starts new pro-Western party for Sept election
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +2 min

March 7 (Reuters) - Slovak caretaker Prime Minister Eduard Heger launched a new pro-Western, liberal centrist party named the Democrats on Tuesday to run in a September election called after his coalition fell from power last year. Heger said pro-Western democratic values and aid to neighbouring Ukraine were the cornerstones of his agenda. Heger said he would not cooperate with far-right nationalists, like Fico's Smer (Direction) nor the Hlas (Voice) party, which itself split from Smer on a more pro-Western platform and now leads opinion polls. Four ministers from the current government, including Defence Minister Jaroslav Nad, have joined Heger's new outfit. Under Heger's leadership, Slovakia shipped military equipment to Ukraine including the S-300 air defence system, and allowed hundreds of thousands refugees across the border after Russia's invasion of Ukraine started in February 2024.

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