Renault posts €10 billion loss amid solid underlying performance

Renault Group has reported a net loss of €10 billion, a headline figure that contrasts sharply with what executives describe as one of the strongest financial positions in the company’s history. The discrepancy is largely the result of exceptional accounting charges tied to Renault’s withdrawal from the Russian market in 2022. That......

Kremlin says sanctions block $12 trillion US deal

Russia said on February 18 that Western sanctions are preventing the restoration of full economic ties with the United States, with the Kremlin confirming interest in a sweeping $12 trillion cooperation proposal reportedly presented to the Trump administration. Kremlin spokesperson Dmitry Peskov told reporters that sanctions are hindering......

EU moves to sanction Georgian oil terminal in Russia package

European Union ambassadors are meeting this week to finalize sanctions against the Kulevi oil terminal in Georgia as part of the bloc’s 20th sanctions package against Russia, in what would mark the first time Brussels targets a port in a country officially seeking EU membership. The proposed measures reflect mounting tensions between......

Russian oil companies face bankruptcies as sanctions slash prices

Russia’s oil sector is entering its deepest crisis in decades as Western sanctions drive export prices sharply lower and push smaller producers toward insolvency, threatening a central pillar of the Kremlin’s wartime economy. State lender VTB is preparing to file for bankruptcy against First Oil, a company owned by former Sibur......

UK chairs first UN talks with Israeli and Palestinian officials since October 7

Foreign ministers gathered Wednesday at the United Nations for a Security Council ministerial session on the situation in Palestine, as international pressure mounts over recent Israeli measures expanding control in the occupied West Bank. The meeting, chaired by British Foreign Secretary Yvette Cooper in her capacity as president of the......

Climate change adds 47 harmful heat days to coffee regions

Rising temperatures and increasingly extreme weather linked to climate change are posing growing risks to global coffee and wheat production, according to two new studies published this week, with potential consequences for farmers and consumers alike. An analysis released Wednesday by Climate Central found that the world’s main coffee......

Geneva Ukraine Russia talks stall amid Medinsky stance

Peace negotiations between Russia and Ukraine in Geneva have been overshadowed by renewed tensions following the Kremlin’s decision to reinstate Vladimir Medinsky as head of the Russian delegation. The appointment of the nationalist adviser to President Vladimir Putin and former culture minister, announced on February 13 by Kremlin spokesman......

Christine Lagarde expected to step down early from ECB, FT reports

Christine Lagarde is expected to leave the European Central Bank before the end of her eight year term as president, which is due to expire in October 2027, according to a report published by the Financial Times on February 18, 2026. The development would mark a reversal for Lagarde, who less than a year ago said she was determined to complete......

Dollar sentiment hits 14 year low as BRICS advance payment network

Investor sentiment toward the US dollar has fallen to its most bearish level in more than 14 years as the BRICS bloc steps up efforts to develop a cross border payment system aimed at reducing reliance on dollar dominated financial channels. The initiative builds on Brazil’s instant payment platform Pix and a decentralized messaging......

Russian air defenses intercept 151 drones as Geneva peace talks open

Russia said its air defense systems shot down 151 Ukrainian drones overnight, hours before Russian and Ukrainian officials met in Geneva for a new round of US mediated peace negotiations. The strikes targeted areas in southern Russia and annexed Crimea, igniting a major oil refinery fire and injuring civilians, including a nine year old boy......

Caricatures of Vladimir Putin spark controversy at German carnival

In Germany, the traditional “Rosenmontag” carnival this Monday featured hundreds of thousands of participants parading alongside political caricatures that have drawn Moscow’s ire. Colorfully dressed revelers in cities like Düsseldorf and Cologne marched past floats satirizing world leaders, including Russian President......

Former Wagner recruiters linked to sabotage attacks in Europe

Individuals who once recruited and promoted young Russians to fight in Ukraine for the Wagner mercenary group are now helping organize sabotage operations across Europe on behalf of the Kremlin, according to Western intelligence officials cited in recent reports. The shift reflects a transformation in Moscow’s hybrid warfare strategy......

Poland closes two airports after Russian missile strikes

Poland temporarily shut down the airports in Rzeszów and Lublin on February 17, 2026, as military aircraft were deployed in response to a large-scale Russian missile attack on neighboring Ukraine. The Polish Air Navigation Services Agency announced that flight operations at both southeastern airports were suspended to allow military......

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