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Iran nuclear program

Iran says it regrets the latest stance of the International Atomic Energy Agency on the country’s nuclear program. Iran's nuclear chief Mohammad Eslami said the IAEA inspector had reported to the agency incorrect interpretation on Tehran. He added that the inspector found out his error of judgment after the Islamic Republic provided explanations to the UN nuclear watchdog the same day. On Wednesday, the IAEA accused Iran of substantially modifying an interconnection between two centrifuge clusters enriching uranium. In a report, it also criticized Iran for possible uranium enrichment up to 60% purity at its Fordow nuclear plant.

The war in Ukraine 

Russia’s President Vladimir Putin says Moscow will defeat Ukraine, which is 'in the grip of a new incarnation of Nazism'. Putin made the remarks in a fiery speech in Volgograd in a ceremony marking the 80th anniversary of the Battle of Stalingrad. Putin also censured Berlin for promising Kiev to deliver Leopard 2 tanks. The president said he was ready to draw on Russia's entire arsenal, which includes nuclear weapons. Earlier today, Moscow said it would respond to the delivery of longer-range Western weapons to Kiev by pushing Ukrainian forces further away from Russian borders. The European Union plans to impose new sanctions on Russia on the first anniversary of the war.

UK economic woes 

The Bank of England has increased its interest rates for a tenth time in a row amid an unprecedented cost-of-living crisis in the country. The BOE said the rate will be lifted by a 0.5 to 4%. That is the highest level since late 2008. The bank’s announcement is likely to worsen Britain's cost-of-living crisis. That’s because commercial lenders will now ramp up their own interest rates on credit cards, mortgage and other loans. The BOE says the impact of the Brexit on Britain's economy is probably showing up faster than expected. Britain has been gripped by strikes for the past weeks as public and private sector workers have walked out of their jobs in a dispute with the government over pay.


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