01.10.2022

UAE and Qatar will send troops to Afghanistan

Afghanistan approved the deployment of military units from the UAE and Qatar in the country, the country’s National Security Council reports.

The military from the UAE and Qatar will be deployed in Afghanistan as part of the NATO’s “Strong Support” mission to support and train Afghan forces, RIA Novosti reports. The number of troops that will be sent to Afghanistan has not yet been indicated; the date of their arrival is also unknown.

Since January 1, 2015, NATO has been conducting Operation Strong Support in Afghanistan, whose main goal is to train Afghan security forces. This operation replaced the military operation conducted by the anti-terror coalition under the command of the United States and the international security forces (ISAF) under the command of NATO.

NATO has repeatedly stated that it does not intend to return to the military operation in Afghanistan and does not consider the decision to end the operation in 2014 to be a mistake.

Forecast: Fed will raise rate above inflation

The US Federal Reserve System (FRS) is projected to raise interest rates above inflation for the first time in a decade next week, leading to new debate about when this will end, reports Reuters.

Since the end of 2015, the Fed has gradually raised rates, and the forecast for an upcoming increase in June will increase expectations that the Fed will seek to support the second strongest growth in the US economy by increasing rates.

As inflation is under control, politicians seek a neutral rate that will not slow down and accelerate economic growth.

However, estimates of such neutrality are inaccurate, and since interest rates exceed inflation and are approaching a “real” level, analysts believe that the Fed is at a higher risk of going too far and actually limiting recovery.

The Fed “is gradually entering a new world when rates are 2%,” approaching zero on a real basis, when economic stimulus is no longer felt, says Thomas Kosterg, senior economist at Pictet Wealth Management.

Germany’s Defense Ministry wants to increase the country’s military budget

Germany needs to increase defense spending, as its security is at stake during the worsening threat around the world, Defense Minister Ursula von der Leyen told ruling legislators.

During the Cold War, Germany spent about 2.4% of its economic output on the military, but costs fell to 1.1% after the fall of the Berlin Wall in 1989.

U.S. President Donald Trump puts pressure on Germany to have the country start spending 2% of the country’s gross domestic product on defense by 2024, as German authorities promised in 2014.

Germany says that by 2025 the country will increase spending from 1.2% of GDP to 1.5%, but von der Leyen is lobbying the ruling coalition parties to support spending increases after 2019.

As the Minister noted, the desire to ensure security is connected with the willingness to make the necessary investments for this. “We must act,” she said.

The Social Democrats, Chancellor Angela Merkel’s junior coalition partners, are resisting measures to increase defense spending and instead want to focus more on domestic spending.

Italy supports Trump’s proposal for Russia

The new Prime Minister of Italy, Giuseppe Conte, expressed support for the proposal of US President Donald trump to return Russia to the G8, reports Reuters.

Italian Prime Minister EPA-EFE / ETTORE FERRARI

“I agree with the president (Trump). Russia must be re-admitted to the G8. This is in the interest of everyone, ”Conte wrote on social media during a trip to Canada, where he is due to make his debut as an Italian leader.

The Italian government has already signaled that it is likely to accept the pro-Russian line in its foreign policy, and has called for an end to economic sanctions against Moscow.

As Vesti.Ekonomika wrote, Trump said earlier that Russia should join the G-7 talks (G7).

Russia was expelled from the G8 in 2014 after the annexation of Crimea.

“It doesn’t matter what you call it. It used to be the G8, now Russia is not there, ”quotes US President Fox News. – Why are we having a meeting without Russia? I would recommend that Russia participate. ”

“They kicked Russia out. They should allow Russia to return. We need Russia to be at the negotiating table, ”said Trump, preparing to go to the G7 summit in Quebec (Canada).

Leave a Reply

Your email address will not be published.