Warnings that Britain is heading for a sharp increase in inflation have intensified after a key business survey showed companies in the services sector are grappling with their biggest rise in costs for almost six years. Source The Guardian
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Turkey came very close to crossing Greece’s red lines in the Aegean last week, when a Turkish coast guard vessel fired shots in Greek territorial waters east of the islet of Farmakonisi, Foreign Minister Nikos Kotzias told Skai Television’s “Istories” program Tuesday night. Source Ekathimerini
In January, Russia increased its gold reserves by 37 metric tons, equivalent to more than a million troy ounces, Vesti.ru reported on Tuesday. As a whole, Russia’s foreign reserves grew by four percent last month, and stood at $393.6 billion on February 10. Source: Sputnik
Talks between Turkey and Russia for Ankara to procure S400 missiles for a domestic air defense system have “progressed significantly”, Turkey’s Defence Minister Fikri Isik, said on Wednesday. Isik also said that Turkey’s preference was to originally buy a NATO system but that wasn’t possible. Source: Reuters