Friday, June 12, 2026

Europe

Britain’s Defence Chief Steps Down, Citing Funding Shortfall

Britain’s Defence Secretary John Healey has resigned from Prime Minister Keir Starmer’s government, warning that the country’s military spending plans are not strong enough for the challenges ahead, according to BBC News. In a sharply worded resignation letter, Healey said the government’s proposed increase in defence spending “falls well short of what is required for […]

ECB Raises Inflation Warning, Cuts Growth Forecast as Energy Crisis Clouds Europe’s Outlook

FRANKFURT: The European Central Bank (ECB) has raised its inflation outlook and lowered its economic growth expectations for 2026, warning that rising global energy prices could slow Europe’s fragile recovery. The central bank said on Thursday that inflation is now expected to reach 3.0 percent under its baseline forecast, a sharp increase from the 2.6 […]

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