Lloyd Austin calls “encouraging” reports of advances near Kharkov and Kherson US Defense Secretary Lloyd Austin cautiously cheered battlefront developments after Ukraine said it had made advances during a counter-offensive in the southern and eastern regions. Russian officials on the ground acknowledged some setbacks but said Ukrainian forces were suffering “colossal” casualties.
The meeting was plagued with political disputes, Foreign Minister Peter Szijjarto says EU energy ministers have failed to reach a consensus on setting a price cap on Russian gas at an emergency meeting on Friday, Hungarian Minister of Foreign Affairs Peter Szijjarto told reporters.
The Bank of England has set up a fund to bail out UK energy companies that face financial difficulties due to rising energy prices, The Guardian reported on Thursday. The bailout fund, which will offer as much as £40 billion ($46 billion) in loans to struggling energy companies, was announced by Prime Minister Liz Truss…