News – Page 5 – FOX News Point

18Oct

By Lucy FraserNo Comments

Two Killed in Knife Attack in Germany

A knife attack in the southwestern German town of Ludwigshafen killed two people and seriously injured another. The suspected perpetrator was shot and seriously injured during the arrest. This is reported by the Rheinpfalz police on Tuesday. The motives for the attack are still unclear, a police spokeswoman said. After the attack, the suspect fled, but a police patrol was able to arrest the man. In doing so, he was shot. It is not yet clear how extremely the man is injured. The police have cordoned off the crime scene.

Erdogan and Putin May be in Talks About Ukraine in Kazakhstan

10Oct

By Lucy FraserNo Comments

Kazakhstan, News, Russia, Turkey, Ukraine

Erdogan and Putin May be in Talks About Ukraine in Kazakhstan

According to the Kremlin, President Putin may talk with his Turkish counterpart Erdogan at a summit in Kazakhstan this week about a Turkish proposal to mediate between Russia and the West again. Erdogan is the leader of a NATO member state and has been trying to mediate between Ukraine and Russia since the Russian invasion of Ukraine started. However, unlike many Western countries, Turkey has not declared any sanctions against Russia. Erdogan maintains good relations with both belligerent countries and has managed to keep the shipment of food products from Ukrainian ports out of the fray. In addition, a temporary agreement was signed between Russia, Ukraine and the UN in July. According to the UN, that agreement is likely to be extended in November. An Asian CICA summit will ...

6Oct

By Lucy FraserNo Comments

Business, News, Tech

IBM Announces $20 Billion Investment

IT giant IBM is investing $20 billion in its Poughkeepsie facility, north of New York. The investment, spread over a decade, will be spent on research and development in semiconductors, artificial intelligence, quantum computing and manufacturing. IBM wants to make the Poughkeepsie site its nerve centre for the development of quantum computing. The company released news of the investment ahead of US President Joe Biden, who is visiting IBM this week in Poughkeepsie. Other technology companies have also made important announcements in recent days. For example, US tech giant Micron will invest up to $100 billion over more than 20 years in constructing the largest semiconductor factory in the US, while rival Intel will allocate $20 billion for a new facility in Ohio. The US Cong...

European Producers Raise Sales Prices Even More

4Oct

By Lucy FraserNo Comments

Business, Europe, News

European Producers Raise Sales Prices Even More

European producers are increasing their sales prices more and more to compensate for the sharply increased costs of energy and raw materials. As a result, producer prices rose by 5 percent in August compared to a month earlier, according to the European statistical office Eurostat. This increase is mainly attributable to the energy sector, which suffers from very high purchasing costs and passes these on to customers. In July, producer prices in the euro area rose by 4 percent. On an annual basis, the prices that manufacturers charge to customers rose by no less than 43.3 percent in August, according to Eurostat. As a result, according to Eurostat, the European Union was a plus every month by 4.9 percent and 43 percent compared to a year earlier. In the eurozone energy sector...

UK Energy Regulator Warns of Severe Gas Shortages This Winter

3Oct

By Lucy FraserNo Comments

News, UK

UK Energy Regulator Warns of Severe Gas Shortages This Winter

British energy regulator Ofgem has issued a warning that serious gas shortages could develop this winter. The announcement, which could be viewed by the newspaper The Times, refers to "emergency measures" to ensure gas supplies and to continue to supply households with gas and electricity. To achieve this, the largest industrial consumers would first be asked to stop using gas in the event of problems temporarily. Earlier in the day, the International Energy Agency had also stressed in a report that savings on gas consumption this winter will be crucial in the European Union to prevent the storage depots from becoming empty and shortages could occur. The agency says that to keep gas stores sufficiently stocked until the end of the heating season, gas consumption must be reduc...

28Sep

By Lucy FraserNo Comments

News, North Korea

North Korea Fires Ballistic Missile

North Korea has fired an "unidentified ballistic missile". This is reported by the South Korean agency Yonhap on the authority of the South Korean army. The announcement comes a few days after the previous missile test and comes a day before US Vice President Kamala Harris is expected in Seoul. She will meet with South Korean President Yoon Suk-yeol on Thursday. The missile would have flown in the direction of the Sea of Japan. Further details have not been disclosed. UN resolutions prohibit North Korea from testing ballistic missiles, which can also carry one or more nuclear warheads, depending on the design. As a rule, these are ground-to-ground missiles.

Moscow Stock Market Crashes Due to Concerns About New Sanctions

26Sep

By Lucy FraserNo Comments

Business, News, Russia

Moscow Stock Market Crashes Due to Concerns About New Sanctions

The stock market in Moscow fell sharply on Monday on concerns about new economic sanctions from the West against Russia over the war in Ukraine. The Moscow MOEX index had now fallen to its lowest level since February 24, when the Russian invasion of Ukraine began. Russia is mobilizing more troops to fight in Ukraine and is holding referendums in Ukraine's occupied territories on whether to join Russia. The MOEX index fell more than 7 percent, and the RTS gauge lost nearly 8 percent. Recently, there has been a lot of unrest among investors in Moscow due to the mobilization of 300,000 reservists and the referenda in occupied territories. Investors believe these developments will make a ceasefire in Ukraine even more unlikely while tensions with the West continue to rise. As a r...

British Energy Aid Will Cost Treasury £60 Billion in the Near Future

23Sep

By Lucy FraserNo Comments

Business, News, UK

British Energy Aid Will Cost Treasury £60 Billion in the Near Future

Over the next six months, the United Kingdom will lose around £60 billion in subsidies for gas and electricity bills for households and businesses. But, that said, the British Chancellor of the Exchequer, Kwasi Kwarteng. Taxes are also being lowered to boost the economy. He emphasized in parliament that the cost estimates of the energy plans are "particularly uncertain" given the strongly fluctuating energy prices. "Based on current prices, the total price of the energy package for 6 months from October is predictable to be around £60 billion," he said. However, Kwarteng expects costs to fall as negotiations on new long-term energy contracts with suppliers progress. Prime Minister Liz Truss previously announced a two-year freeze on energy prices. With this step, she wants to ...

Russian Superstar Alla Pugacheva Speaks Out Against War: Her Words Will Arrive in Russia

19Sep

By Lucy FraserNo Comments

News, Russia, Ukraine

Russian Superstar Alla Pugacheva Speaks Out Against War: Her Words Will Arrive in Russia

In Russia, a striking voice has spoken out against the war in Ukraine. Alla Pugacheva, the country's most famous singer, has strongly condemned the war on Instagram. "Our boys die for imaginary purposes," she says. "Precisely because of the status of Pugacheva, who is almost untouchable in Russia, those words will certainly arrive," says Jan Balliauw, Russia expert. In her Instagram post, Alla Pugacheva addresses the Russian government. She asks to be blacklisted from so-called "foreign agents", just like her husband. The term "foreign agent" is a negative, charged label that the Russian government uses to name people it considers a traitor. Pugacheva's husband, a well-known comedian and TV host, were on the list Friday for repeatedly speaking out against the war in Ukraine. ...

Iran Launches Kamikaze Drone That Can Hit Targets in Israel

13Sep

By Lucy FraserNo Comments

Iran, Israel, News

Iran Launches Kamikaze Drone That Can Hit Targets in Israel

On Tuesday, Iran unpacked with a kamikaze drone that can hit targets in Israel. The device could attack coastal cities like Tel Aviv and Haifa, Iran's Tasnim news agency reported. Closely linked to the Revolutionary Guards, it called the drone, the Arash-2, a "new nightmare for the Zionists". In the past, Tehran has announced several times to expand its drone program. In May, state television showed an underground base for drones. Again and again, the Islamic Republic threatens to attack Israel. Both countries have regarded each other as mortal enemies since the 1979 Iranian revolution. In March, the Israeli military said it had prevented several drone strikes from Iran over the past four years.