German Central Bank issues gloomy forecast

The struggling German economy will likely end the first quarter of the year in recession, and is not expected to recover for the rest of 2024, the central bank warned in a monthly report published on Monday.

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Russia comments on proposed EU grain tariffs

New import duties on Russian agriculture would only further disrupt the global food supply, Moscow has warned A European Union plan to impose tariffs on grain imports from Russia and Belarus is an example of “unfair competition,” Kremlin spokesperson Dmitry Peskov said on Friday.

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Germany earmarks €300 million more to arm Ukraine – Bloomberg

Berlin has joined a Czech-led initiative to buy 800,000 artillery rounds for Kiev Germany has pledged to donate another €300 million ($326 million) as part of a Czech-led initiative to purchase artillery rounds for Ukraine, Bloomberg has reported, citing anonymous sources familiar with the decision. Czech President Petr Pavel unveiled the scheme at the Munich…

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