Beijing’s investment initiative has failed to benefit Rome, according to Foreign Minister Antonio Tajani The Italian government has formally announced its decision to exit China’s massive Belt and Road Initiative (BRI) as it “has not produced the desired effects” Bloomberg reported on Wednesday, citing the country’s deputy prime minister and foreign minister, Antonio Tajani.

New technologies are threatening an archaic financial system, according to the Russian president The Western financial system is becoming outdated because of new technologies and could lose its dominant global position in the near future, Russian President Vladimir Putin said on Thursday.

Kiev is reportedly seeking the US-made THAAD missile system and F-18 Hornet fighter jets Ukraine’s military has circulated a list of arms it hopes to receive from Washington over the coming months, including several new weapons not featured in past US aid packages, according to Reuters.