EU statistics office Eurostat said on Friday that inflation in the euro area jumped 8.6% in June on an annual basis as the cost-of-living crisis deepened. The rate was up from 8.1% recorded in May, and was higher than expected by economists.
Washington is rushing to send more weapons as Kiev’s battlefield situation deteriorates The US Department of Defense announced another $275 million worth of weapons for Ukraine on Friday, as Kiev is losing ground in Kharkov Region and Donbass amid Russia’s push to create a buffer zone to protect its border regions.