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White House 'will not negotiate' on debt ceiling
White House 'will not negotiate' on debt ceiling
Business and Economy
by  AFP

President Joe Biden, the Republicans and the US economy were on a disastrous collision course Tuesday after the White House made clear it will not negotiate over extending the nation's debt limit. Republicans, who control the House of Representatives, insist they will only extend the debt limit if Biden first agrees to steep cuts in the federal budget.

EU targets 1 million shells a year as Ukraine saps ammo
EU targets 1 million shells a year as Ukraine saps ammo
Business and Economy
by  AFP

The EU will put forward a plan to boost its production capacity of artillery shells to one million a year, officials said Tuesday, as it scrambles to arm Ukraine and refill its own stocks. The EU has already pledged to spend 2 billion euros on providing Ukraine one million artillery shells over the next year by raiding stockpiles and placing joint orders.