Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

NATO not seeking regime change in Russia: Scholz

It is for the nations to fight for the freedom, Olaf Scholz said.
  • White House played down US President Joe Biden's comments in which he called the Russian president as a 'butcher' for invading Ukraine
  • Democracy, freedom, and justice have a future everywhere, German Chancellor Olaf Scholtz has said

Regime change in Russia is not NATO’s objective, despite Moscow’s invasion of Ukraine, German Chancellor Olaf Scholz said Sunday, a day after US President Joe Biden branded Vladimir Putin a “butcher” who “cannot remain in power”.

It “is not the objective of NATO, nor that of the US president”, Scholz told German state television channel ARD.”I’ve had the chance to talk at length with him at the White House and we have also discussed these questions,” he added.The White House moved quickly Saturday to play down Biden’s comments during an impassioned speech in Warsaw.

Having denounced the Russian president as a “butcher” for his invasion of Ukraine, Biden said at the end of the speech: “For God’s sake, this man cannot remain in power.”

“Democracy, freedom and justice have a future everywhere,” said Scholz on Sunday.

“But it’s for the people and to nations to fight for this freedom,” he added.

Scholz’s comments follow remarks earlier Sunday by French President Emmanuel Macron, in which he warned against verbal “escalation” with Putin.