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Russia’s central bank sounds alarms on the economy as the falling ruble and record labor shortage add inflationary pressures

Russia’s central bank sounds alarms on the economy as the falling ruble and record labor shortage add inflationary pressures

Russia’s central bank sounded alarms on the economy Friday as the falling ruble and a record labor shortage add inflationary pressures.Policymakers kept the benchmark interest rate steady at 7.5%, where it has been since September, but signaled an increase may be coming soon.”The option of hiking the rate was considered, but by consensus we decided…

Putin Cops to ‘Significant Losses,’ Inferior Weapons in Stunning War Admission

Putin Cops to ‘Significant Losses,’ Inferior Weapons in Stunning War Admission

In a rare admission, Russian President Vladimir Putin acknowledged Friday that Russia is sustaining “significant losses” in the war on Ukraine.“In recent days, we have seen significant losses in Ukraine, they exceed the classical figure,” he said, according to the Kremlin.The Russian president also confessed that Russian forces were dealing with artillery problems, adding in…

Top general tells Putin how Russia repelled major Ukrainian attack

Top general tells Putin how Russia repelled major Ukrainian attack

MOSCOW (Reuters) – The general in charge of Russia’s troops in Ukraine has briefed President Vladimir Putin on how his forces repelled a large-scale Ukrainian attack in the southern Zaporizhzhia region, one of his subordinates said on Thursday.Defence Minister Sergei Shoigu said earlier on Thursday that Russian forces had withstood fierce overnight attempts by Ukrainian…

Democratic Sen. Joe Manchin says he will vote with Republicans to overturn Biden’s student-debt relief plans, saying it ‘forces hard-working taxpayers who already paid off their loans’ to ‘shoulder the cost’

Democratic Sen. Joe Manchin says he will vote with Republicans to overturn Biden’s student-debt relief plans, saying it ‘forces hard-working taxpayers who already paid off their loans’ to ‘shoulder the cost’

Democratic Sen. Joe Manchin will join Republicans in voting on a bill to overturn President Joe Biden’s student-debt relief plan.On Wednesday, the Senate voted to advance a GOP-led bill that would overturn Biden’s plan to cancel up to $20,000 in student debt for federal borrowers, along with immediately ending the payment pause. Three Democratic lawmakers…