标签: Europe

欧洲

  • From Expo to the Olympics, Milan bets on big events to fuel its transformation to a global city

    From Expo to the Olympics, Milan bets on big events to fuel its transformation to a global city

    Milan has strategically leveraged its hosting of the Milan Cortina Winter Games to cement its status as a global metropolis, adding ‘Olympic city’ to its established identities as Italy’s fashion and financial capital. This achievement represents the culmination of two decades of transformative urban development that has reshaped the city’s skyline while stimulating unprecedented investment, tourism, and cultural vitality.

    The Olympic legacy manifests in both tangible infrastructure and intangible prestige. Unlike traditional Games that emphasize massive construction, Milan adopted a distributed model across seven existing venues spanning hundreds of kilometers. The city inherits the state-of-the-art Santgiulia arena—destined for concerts, exhibitions, and sporting events—while the Olympic Village will address critical housing needs by transforming into accommodation for 1,700 students in a city grappling with affordability challenges amid its 10 universities.

    Preliminary data from Bocconi University’s ongoing IOC-commissioned study reveals approximately €4 billion in Games-related investments, encompassing sports facilities, transportation upgrades (roads, metro access, railways, ski lifts), energy infrastructure, and administrative costs. According to Assolombarda business association, Milan specifically invested €735 million to host 90 indoor ice events and the opening ceremony at San Siro, with visitors projected to spend around €1 billion. The Olympics are forecast to boost Milan’s 2026 economic growth by 0.6 percentage points to 1.7%, accelerating industrial output throughout the region.

    This Olympic chapter continues Milan’s remarkable transformation that began in the early 2000s, shifting from a provincial industrial center to an international destination. The CityLife district emerged with iconic skyscrapers by starchitects Zaha Hadid, Daniel Libeskind, and Arata Isozaki, while Porta Nuova development introduced the 218-meter UniCredit Tower. Expo 2015 served as a pivotal catalyst, drawing 22 million visitors over six months and triggering sustained tourism growth—rising 6.5% to 9.6 million visitors in 2025.

    Beyond tourism, Expo sparked a €3 billion investment converting the former site into MIND, a science and technology hub. The city has since tripled its five-star hotel capacity, added two subway lines, and opened numerous cultural institutions including Fondazione Prada, MUDEC, and Pirelli HangarBicocca.

    However, rapid development has fueled criticism from housing activists who argue that mega-events and luxury developments prioritize wealthy interests, driving real estate prices beyond reach for many workers. They demand policies addressing 80,000 vacant residences while increasing subsidized housing options.

    The Olympic Village has accelerated regeneration of the southern Porta Romana railyard, adjacent to major former industrial sites. This 20-hectare project will deliver 100,000 square meters of housing—approximately half designated as social housing under 2019 regulations—along with extensive parks and public spaces. The area neighbors Fondazione Prada and emerging fashion hubs hosting Bottega Veneta, Moncler, and upcoming OTB headquarters.

    Sporting legacy extends beyond infrastructure, with Italy’s record 30 medals expected to reignite winter sports participation. Olympic organizers are collaborating with companies to promote daily physical activity—an initiative carried over from Paris 2024. Milan’s convention operator has committed to maintaining temporary ice facilities while studying permanent rink options, capitalizing on renewed enthusiasm for ice sports.

    As Professor Dino Ruta of Bocconi University notes, ‘Milan is increasingly creating a distinctive brand able to attract an international audience.’ The Games have provided both global visibility and concrete mechanisms for urban improvement, though balancing growth with social equity remains an ongoing challenge for Italy’s rising metropolis.

  • Ex-Olympic boxing champ Yoka takes DR Congo license but rejects Olympic switch from France

    Ex-Olympic boxing champ Yoka takes DR Congo license but rejects Olympic switch from France

    PARIS — French Olympic gold medalist Tony Yoka has formally obtained a boxing license from the Democratic Republic of Congo, his father’s homeland, while simultaneously clarifying that this administrative move does not signal a change in his competitive nationality or Olympic aspirations.

    The 33-year-old super heavyweight champion, who triumphed at the 2016 Rio de Janeiro Olympics, addressed speculation through a video message on his Instagram platform this Tuesday. Yoka explicitly stated: “Under no circumstances is there any question of me going to the Olympic Games representing the Democratic Republic of Congo. I am and will remain a French Olympic champion.”

    This clarification comes after Congolese Sports Minister Didier Budimbu Ntubuanga previously announced that Yoka had committed to representing Congo with ambitions for Olympic gold, alongside establishing a dedicated boxing academy within the country. The minister had characterized the arrangement as “a major boost for national boxing.”

    Yoka explained that the Congolese license serves purely practical purposes for an upcoming bout scheduled in the country later this year. The boxer emphasized his pride in contributing to Congo’s international recognition while honoring his familial heritage.

    “I’m proud to be able to help the Democratic Republic of Congo shine in the eyes of the world, as well as to honor my word and pay tribute to minister Didier Budimbu, who trusts me in this adventure,” Yoka stated in his social media announcement.

    Following an extensive amateur career spanning 84 fights, Yoka transitioned to professional boxing in 2017. His current professional record stands at 15 wins (12 by knockout) against 3 losses. The former champion is currently working to revitalize his career under the guidance of British promoter Frank Warren.

  • European officials visit Ukraine to show support as country marks 4 years of Russia’s all-out war

    European officials visit Ukraine to show support as country marks 4 years of Russia’s all-out war

    KYIV, Ukraine — In a powerful demonstration of solidarity, more than a dozen high-ranking European officials converged on the Ukrainian capital Tuesday, marking the somber fourth anniversary of Russia’s full-scale invasion. The diplomatic delegation included European Council President Antonio Costa, European Commission President Ursula von der Leyen, Finnish President Alexander Stubb, along with seven prime ministers and three foreign ministers.

    Ukrainian President Volodymyr Zelenskyy declared that despite overwhelming odds, Ukraine has successfully preserved its sovereignty against Russia’s superior military forces. According to analysis from the Washington-based Institute for the Study of War, Russian forces captured merely 0.79% of Ukrainian territory over the past year of fighting. “We have defended our independence, we have not lost our statehood,” Zelenskyy stated via social media, emphasizing that President Vladimir Putin “has not achieved his goals” and “has not broken Ukrainians.”

    However, the conflict has evolved into a corrosive war of attrition with no diplomatic breakthrough in sight. U.S.-led peace initiatives remain stalled over critical issues including the status of the Russian-occupied Donbas region and post-war security arrangements demanded by Kyiv to prevent future invasions.

    The human cost continues to mount dramatically. A recent Center for Strategic and International Studies report estimates combined casualties on both sides could reach 2 million by spring, representing the highest troop mortality rate for any major power since World War II.

    European leaders increasingly view the conflict as directly impacting their own security. German Chancellor Friedrich Merz characterized the war as “a nightmare for us all” in a social media post, adding that “the fate of Ukraine is our fate.”

    The conflict has assumed global dimensions, with NATO countries providing military assistance while Russia receives support from North Korea (troops and artillery), Iran (drone technology), and China (machine tools and chips according to U.S. and analyst reports). This internationalization threatens to exacerbate shortages, hunger, and political instability across developing nations.

    With Ukraine dependent on foreign assistance to continue resisting Russian aggression, NATO members have stepped up weapons procurement following the Trump administration’s policy shift away from direct arms donations. The European Union has provided financial aid, though occasionally facing resistance from member states Hungary and Slovakia.

    The staggering reconstruction costs for Ukraine are now estimated at nearly $588 billion over the next decade—almost triple the country’s nominal GDP for last year, according to a joint report from the World Bank, European Commission, United Nations, and Ukrainian government.

  • India cuts dividend tax for large French investors

    India cuts dividend tax for large French investors

    India and France have modernized their bilateral tax agreement, implementing significant changes that will reshape investment dynamics between the two nations. The revised treaty, which updates terms established three decades ago, reduces dividend taxation for substantial French investors while simultaneously expanding India’s authority to tax certain financial transactions.

    Under the new framework, French corporations holding at least 10% stakes in Indian companies will benefit from a reduced dividend tax rate of 5%, a substantial decrease from the previous 10%. Conversely, portfolio investors with smaller holdings (below 10%) will face an increased tax rate of 15% on dividends, up from the former 10% levy.

    The agreement represents a strategic recalibration of fiscal relations, particularly through the elimination of the most-favored-nation (MFN) clause that previously permitted French entities to claim lower tax rates if India granted more favorable terms to other OECD members. This modification aligns with a 2023 Supreme Court of India ruling that such benefits cannot be automatically applied without formal notification procedures.

    The treaty revision, announced by India’s finance ministry days after President Emmanuel Macron’s diplomatic visit to Delhi, forms part of broader bilateral enhancements. During the meetings, both nations elevated their relationship to a ‘Special Global Strategic Partnership’ and expanded cooperation in defense and space technology sectors.

    Prominent French corporations including Sanofi, Renault, and L’Oreal stand to benefit from these changes, having significantly expanded their Indian investments in recent years. The updated agreement aims to stabilize economic activities for businesses from both countries while encouraging increased investment flows and collaborative ventures.

    According to financial data, France-based portfolio investors held approximately $21 billion in Indian company shares as of January 2026, with bilateral trade between the nations reaching $15 billion in the previous year. The revised treaty awaits final formalities and legal approvals in both countries before implementation.

  • ‘Anyone who runs is shot’: Watch Russian soldiers describe killings of troops who refuse orders

    ‘Anyone who runs is shot’: Watch Russian soldiers describe killings of troops who refuse orders

    In a harrowing firsthand account, Russian soldiers who have fled their units are providing unprecedented testimony about systematic executions and extreme brutality within the Russian military ranks in Ukraine. These defectors, now in hiding for their safety, describe a command structure that employs lethal force to maintain discipline, creating an environment of terror among troops.

    The soldiers report that any attempt to retreat or disobey orders results in immediate execution by specialized barrier troops—dedicated units operating behind front-line forces. These ‘blocking units’ function as military police with shoot-to-kill authority against their own comrades, effectively eliminating any possibility of surrender or retreat for ordinary soldiers.

    Beyond these executions, the defectors describe widespread atrocities against Ukrainian civilians and prisoners of war, painting a picture of complete moral collapse within Russian units. The accounts suggest these war crimes are not isolated incidents but rather systematic behaviors encouraged or tolerated by command structures. The testimonies emerge as international investigators continue gathering evidence of potential crimes against humanity committed during Russia’s invasion of Ukraine.

  • Bowen: Why Ukraine remains defiant and does not feel close to defeat

    Bowen: Why Ukraine remains defiant and does not feel close to defeat

    Beneath the eerie glow of headlights in eastern Ukraine’s Donetsk region, miles of suspended fishing nets create a shimmering canopy over strategic roadways—a surreal defense against explosive drones that now define modern warfare. These improvised barriers, donated by European fishermen including 280 tonnes of Scottish salmon nets, represent Ukraine’s ingenious adaptation to the deadly drone warfare that has transformed this conflict.

    The battlefield’s most feared weapons are FPV (first-person view) drones, capable of transmitting real-time footage to operators 40km away while delivering precision strikes. Both Ukrainian and Russian forces have revolutionized their use, transitioning from radio-controlled systems to fiber-optic guidance to counter electronic warfare tactics. In hidden command centers within shattered buildings, Ukrainian analysts monitor banks of screens, directing ground operations with terrifying accuracy.

    This technological arms race has expanded traditional front lines into vast “kill zones” stretching 20km beyond forward positions. Rear areas once considered safe now face equal peril as surveillance drones saturate the skies. The economic asymmetry is staggering: a $1,000 drone can destroy a $30 million tank, making skilled pilots invaluable assets. Both nations have become global leaders in drone warfare, with NATO forces struggling to match their operational experience.

    The conflict’s technological evolution occurs against persistent geopolitical pressures. Russian President Vladimir Putin demands Ukrainian surrender of Donetsk’s remaining 20% under Ukrainian control, along with portions of Zaporizhzhia and Kherson regions. Despite American pressure for a ceasefire—including direct appeals from the Trump administration—President Zelensky maintains he will never relinquish unconquered territory, fearing renewed Russian aggression following any temporary pause.

    In Slovyansk, designated a “fortress city” with extensive anti-tank defenses, civilian life persists amid constant danger. Residents hurry through snow-covered streets, aware that nowhere in Donetsk remains truly safe. Local humanitarian efforts continue against impossible odds, with figures like Pastor Oleh Tkachenko delivering 17,000 weekly bread loaves to frontline communities while evacuating those who can no longer endure the danger.

    The human cost remains staggering, with Zelensky acknowledging 55,000 military deaths and countless civilians displaced. Recruitment challenges mount as veterans describe the horrors of months-long deployments in underground bunkers. Yet polling indicates most Ukrainians believe continued resistance remains necessary against what they perceive as existential threats to their nationhood.

    As winter persists, Russia systematically targets energy infrastructure, creating humanitarian crises in already devastated communities. Evacuation trains continue transporting civilians westward, their passengers carrying minimal belongings and maximum trauma. Through it all, Ukraine demonstrates remarkable resilience—maintaining functional cities despite constant attacks while developing domestic military production capabilities.

    The war’s conclusion appears distant as both sides maintain fundamentally incompatible positions. International mediation efforts continue, but appear more focused on diplomatic appearances than genuine breakthrough. With spring approaching, Ukraine prepares for renewed hostilities while advocating for increased European support, determined to prevent what many citizens describe as the repetition of historical mistakes made against previous aggressors.

  • Russia soldiers tell BBC they saw fellow troops executed on commanders’ orders

    Russia soldiers tell BBC they saw fellow troops executed on commanders’ orders

    In a groundbreaking documentary titled “The Zero Line: Inside Russia’s War,” four Russian soldiers have provided chilling firsthand accounts of systematic brutality within their own military ranks in Ukraine. These testimonies, recorded at an undisclosed location outside Russia, reveal a pattern of executions, torture, and dehumanizing treatment ordered by commanders against their own troops.

    The soldiers describe witnessing point-blank executions of comrades who refused orders to participate in what they term “meat storms” – relentless frontal assaults designed to overwhelm Ukrainian defenses through sheer numbers. One soldier, Ilya, a former special needs teacher from the Ural Mountains, recounted watching a commander execute four soldiers who had fled the front lines. “I remember one of them screaming ‘Don’t shoot, I’ll do anything!’ but he zeroed them anyway,” Ilya stated, using the Russian military slang for executing one’s own soldiers.

    Dima, a 34-year-old former dishwasher repairman from Moscow, described witnessing his commander, Alexei Ksenofontov – later decorated as a “Hero of Russia” – personally execute soldiers at close range. “I see it – just two metres, three metres. Just murders, just click, clack, bang. It’s not a drama, it’s not a movie, it’s real life,” he recalled. Dima also reported discovering 20 bodies of recently arrived ex-convict soldiers in a ditch, apparently executed for their bank cards.

    The documentary reveals how commanders employed extreme brutality to maintain discipline, including electrocution, starvation, and public humiliation. Ilya described being tied to a tree, beaten with a baton, and urinated on after refusing to participate in an assault. Denis, another soldier, showed documentation of having his teeth knocked out by superiors for refusing to search for a missing drone.

    These accounts are substantiated by a former senior staff officer with 17 years of military service who described speaking with a member of a “liquidation squad” tasked with eliminating high-ranking officers. The UK Ministry of Defence estimates 900-1,500 Russian casualties daily in 2025, with total casualties exceeding 1.2 million since the full-scale invasion began.

    The Russian government maintains that its armed forces “operate with utmost restraint” and that allegations of violations are “duly investigated.” However, these testimonies suggest a complete breakdown of military discipline and international humanitarian law on the Russian front lines.

  • Supreme Court ruling against Trump’s tariffs is unlikely to mean an end to trade policy chaos

    Supreme Court ruling against Trump’s tariffs is unlikely to mean an end to trade policy chaos

    In a landmark decision, the U.S. Supreme Court has delivered a severe judicial reprimand to President Donald Trump’s expansive tariff regime, fundamentally challenging his authority to unilaterally impose import taxes. The ruling specifically invalidates tariffs justified under the 1977 International Emergency Economic Powers Act (IEEPA), which the administration had primarily deployed to address persistent trade deficits.

    Despite this judicial setback, economic uncertainty continues to grip American businesses as the administration explores alternative legal mechanisms to reconstruct its trade barriers. Treasury Secretary Scott Bessent confidently asserted that tariff revenues would remain unaffected both presently and in future projections.

    President Trump’s immediate response to the judicial defeat has been characteristically volatile. Within days of the ruling, he announced intentions to implement a 10% global tariff under Section 122 of the Trade Act of 1974, subsequently escalating this figure to 15%. This previously unused provision permits temporary tariffs for up to 150 days without congressional approval, though any extension would require legislative consent—a politically challenging prospect during an election season.

    Legal experts immediately questioned the validity of applying Section 122 to address trade deficits, with National Taxpayers Union’s Bryan Riley noting the provision was designed for fundamentally different international payment crises from a bygone monetary era.

    The administration simultaneously signaled potential recourse to Section 301 authorities, a more legally robust tool previously deployed against Chinese trade practices. U.S. Trade Representative Jamieson Greer confirmed the initiation of multiple Section 301 investigations following the Supreme Court defeat.

    Internationally, the decision has created diplomatic complications, particularly with trading partners who had negotiated agreements under the threat of now-invalid IEEPA tariffs. European Union officials have delayed ratification of their trade pact with the United States, seeking clarification on whether new tariffs would compound existing obligations. Despite these tensions, trade analysts generally expect partners to honor existing agreements, fearing potentially unlimited Section 301 tariffs for non-compliance.

    The ruling additionally creates a massive administrative challenge regarding approximately $133 billion in previously collected tariffs. The Supreme Court delegated the complex refund question to lower courts and Customs and Border Protection, setting the stage for a protracted claims process that could overwhelm administrative systems and potentially require congressional intervention to streamline.

  • World shares are mixed after heavy selling of potential AI losers hits Wall Street

    World shares are mixed after heavy selling of potential AI losers hits Wall Street

    Global financial markets exhibited a fragmented performance on Tuesday, reflecting investor unease over the dual pressures of artificial intelligence disruption and renewed trade policy uncertainties emanating from the United States.

    The trading session revealed a stark geographical divide. Asian markets generally posted gains, with Japan’s Nikkei 225 climbing 0.9% to 57,321.09 and South Korea’s Kospi surging 2.1% to a record 5,969.64, propelled by substantial advances in semiconductor manufacturers. Conversely, European benchmarks including Germany’s DAX and Britain’s FTSE 100 experienced modest declines, while U.S. futures indicated tentative stabilization following Monday’s significant sell-off.

    Market sentiment has been notably influenced by a comprehensive analysis from Citrini Research, which presented a concerning outlook regarding AI’s transformative impact. The report cautioned that the rapid expansion of artificial intelligence threatens to precipitate a ‘human-centric consumer economy’ decline, potentially triggering substantial employment displacement and a deflationary economic spiral due to inadequate policy preparedness.

    This technological apprehension manifested in pronounced losses within specific sectors. Cybersecurity firms including CrowdStrike witnessed extended declines, dropping 9.8% amid competitive pressures from AI-powered security solutions. Software companies like AppLovin faced similar pressures, with year-to-date losses exceeding 43% as investors reassessed business models vulnerable to AI disruption.

    Simultaneously, trade policy uncertainties resurfaced following President Trump’s announcement of new 15% tariffs after the Supreme Court invalidated his broader reciprocal tariff initiative. This development reinforced concerns about prolonged global trade instability, with investors anticipating extended legal contests before establishing clear trade frameworks.

    Market participants now await critical earnings reports from AI-chip leader Nvidia, amid growing apprehensions that massive investments in AI infrastructure by technology giants might not yield anticipated productivity returns. Commodity markets reflected geopolitical tensions, with crude oil prices advancing on concerns about potential U.S. military action against Iran, while Bitcoin experienced a 4.3% correction to $63,180.

  • Explosion near Moscow train station kills police officer

    Explosion near Moscow train station kills police officer

    A late-night explosion outside Moscow’s Savyolovsky Station has resulted in the death of a traffic police officer and left two others hospitalized with various injuries, according to an official statement from the Russian Interior Ministry. The incident occurred in the station square just after midnight local time on Tuesday (21:05 GMT Monday) when an unidentified individual detonated an explosive device near a patrol vehicle.

    The Ministry initially reported that a male assailant had fled the scene but later updated their statement confirming the perpetrator had died at the location. Authorities have launched a criminal investigation into the attack, with charges including attempted murder of law enforcement officers and illegal use of explosive devices.

    The fallen officer has been identified as 34-year-old Police Lieutenant Denis Bratuschenko, a senior traffic police inspector who had served since 2019. Bratuschenko is survived by his wife and two children. Ministry spokesperson Irina Volk conveyed official condolences from the leadership and personnel of the Interior Ministry to the officer’s family.

    Multiple law enforcement agencies are collaborating to establish all circumstances surrounding the explosion, though no motive has been determined. Savyolovsky Station, located north of Moscow’s city center, serves as one of the Russian capital’s primary railway transportation hubs according to Agence France Presse.