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Russia launches attack at Odesa region, cutting power for thousands

Russia launched a large-scale attack on the region of Odesa early Friday, local authorities reported. ADVERTISEMENT ADVERTISEMENT Ukrainian air defence forces were able to intercept almost all of the drones, but roughly 4,000 people were left without power in the south of region due to damage to power lines, regional…

LARRY KUDLOW: Reaganesque and Trumpian optimism

People may forget that Scott Bessent is probably the strongest wartime Treasury secretary going all the way back, at least to World War II. Through his Economic Fury campaign, he has slowly but surely turned off Iran’s monetary and economic spigots. Not only the blockade of Iranian ports, which has…

Italy wants to pull back on EU defence loan scheme

Giorgia Meloni’s government is changing course on military spending and has decided to send a clear message to Brussels. ADVERTISEMENT ADVERTISEMENT Italy had reserved 14.9 billion euros under the EU’s “SAFE” defence loan scheme, but Rome now intends to use between just four and five billion – just enough to…