World
Hungary blocks approval of €18 billion in EU financial aid for Ukraine
Hungary has blocked the approval of a brand new EU package deal of economic help for Ukraine price €18 billion, which the Kyiv authorities desperately must cowl their ballooning state deficit and maintain the economic system operating in opposition to the backdrop of Russia’s invasion.
The help is designed to be disbursed over the course of 2023, amounting to €1.5 billion monthly.
The Hungarian veto prompted finance ministers of the European Union to delay different three key votes, together with one on an internationally-backed deal to reform company taxation.
“Hungary will not be in favour of the modification of the monetary regulation,” Hungarian Minister Mihály Varga stated throughout the ministerial assembly on Tuesday.
Hungary is on the verge of getting €7.5 billion of its allotted share of the EU budgets frozen after failing to finish a collection of reforms that are supposed to tackle, amongst different points, corruption, irregularities in public procurement and conflicts of curiosity from authorities officers.
The unprecedented freezing of EU funds was advisable final week by the European Fee underneath a novel conditionality mechanism, designed to safeguard the bloc’s monetary pursuits.
The European Fee’s advice was then handed on to finance ministers, who’ve the ultimate say. However the determination added on high of an extended to-do listing, resulting in a number of information changing into politically interlinked.
Tuesday’s busy agenda included votes on:
- An OECD-brokered deal to determine a 15% minimal tax on multinational companies.
- An €18-billion package deal of economic help to assist Ukraine cowl its budgetary deficit throughout 2023.
- The freezing of €7.5 billion in EU cohesion funds earmarked for Hungary.
- The approval of Hungary’s COVID-19 restoration fund, price €5.8 billion in grants.
The tax deal has been underneath dialogue since mid-2021 because it must be transposed into EU legislation in an effort to change into efficient. Hungary was the one nation that opposed the deal when it was put to a vote in June, arguing the reform would damage European competitiveness and endanger jobs.
Extra not too long ago, Hungary voiced its displeasure concerning the €18-billion package deal of economic help for Ukraine, which might be bankrolled by means of the issuance of recent widespread EU debt.
Brussels is eager to approve the 2023 envelope as quickly as potential after a much-publicised failure to launch your complete €9 billion that was promised to Kyiv earlier this yr.
As these two information – the tax deal and the monetary help – require unanimity to be handed, Hungary has been in a position to leverage its veto energy to exert stress on the 2 different choices regarding its public coffers – the €7.5 billion in cohesion funds and the €5.8 billion in restoration grants – which solely want a certified majority.
Crucially, the restoration plan needs to be authorized earlier than the tip of the yr, in any other case, Hungary would lose 70% of the pre-allocated money.
Ultimately, the 4 votes turned interlinked, regardless of their distinct nature.
“I want to level out that I see all these subjects as one package deal,” Czech Finance Minister Zbyněk Stanjura stated on Tuesday morning, earlier than heading to the ministerial assembly.
The Czech Republic at present holds the rotating presidency of the EU Council and is tasked with setting the agenda and steering the political debate.
The query of whether or not ministers would take a vote on the 4 points had been the centre of hypothesis in Brussels for the previous couple of days, with diplomats saying that it will all rely on the temper contained in the room.
After an change of views over breakfast, ministers selected Tuesday morning to postpone the important thing votes, a Czech spokesperson stated.
The delay within the help for Ukraine is especially worrisome for the bloc, because the war-torn nation has been plunged into darkness following a brutal barrage of Russian assaults.
“We won’t be discouraged. Our ambition stays that we’ll begin the disbursement of our help to Ukraine in early January,” stated Zbyněk Stanjura, asking the Council’s group to look at “different” options that may bypass the unanimity requirement.
“We will probably be in search of an answer supported by 26 member states.”
It’s unclear when the 4 information might be voted on, as no additional conferences of finance ministers are scheduled to happen earlier than the tip of the yr.
The Czech Republic, nevertheless, may convene an emergency assembly to maneuver ahead with the stalled information.
World
SZA Finally Releases Long-Delayed ‘Lana’ Album, Featuring Kendrick Lamar, Lil Yachty and Benny Blanco
SZA‘s long-awaited the deluxe edition of her Grammy-winning 2022 album “SOS,” which is titled “Lana,” has finally arrived. The album has been through a long series of false alarms — it seemed imminent back in February, when she released the song “Saturn” — and bears artwork similar to the insect-and-forest imagery featured during her tours last summer, but it’s finally here. Variety‘s full review of the album will appear this weekend.
The album features Kendrick Lamar on the track “30 for 30” (SZA appears on two songs on his recent “GNX” album) and production from Lil Yachty and Benny Blanco on one song each. Her collaborators on the other songs are largely “SOS” producers and writers like Michael Uzowuru, ThankGod4Cody, Rob Bisel, Carter Lang and others.
She previewed the album with a video for the song “Drive,” featuring Ben Stiller, on Thursday night. “Lana”‘s full tracklist appears below:
1 No More Hiding – produced by Michael Uzowuru
2 What Do I Do – produced by Benny Blanco, Carter Lang and ThankGod4Cody
3 30 for 30 feat. Kendrick Lamar – produced by J White
4 Diamond Boy (DTM) – produced by Carter, Scum, Solomonophonic, Declan and Michael Uzowuru
5 BMF – produced by Carter Lang, Blake Slatkin, Omer Fedi
6 Scorsese Baby Daddy – produced by Michael Uzowuru and Tyler Johnson
7 Love Me 4 Me – produced by Rob Bisel, Carter Lang and Nick Lee
8 Chill Baby – produced by Lil Yachty, Sad Pony, Cade, Calvin Dickinson, iseeyou and Julian Fried
9 My Turn – produced by ThankGod4Cody, Rob Bisel
10 Crybaby – produced by ThankGod4Cody, Carter Lang and Declan
11 Kitchen – produced by ThankGod4Cody
12 Get Behind Me (interlude) – produced by Michael Uzowuru
13 Drive – produced by ThankGod4Cody and Billy Lemon
14 Another Life – produced by Michael Uzowuru and Dylan Wiggins
15 Saturn – produced by Carter Lang, Rob Bisel, Solomonophonic and Monsune
SZA’s forthcoming stadium tour with Kendrick Lamar presents a prime opportunity to release new material — she’s been touring behind “SOS” since it was released two years ago.
The latest round of teasers began a week ago, on the two-year anniversary of “SOS,” with a short video trailer that included a snippet of one of the album’s tracks. The video depicts SZA in a nature setting, pulling down her baggy camo pants to pee by a creek. She looks directly into the camera before taking a tissue out of her pocket to wipe herself up as the words “Lana” appear across the screen. She lyrics to the song go, “You know we got a real history/That’s the reason I can’t choose me/You know that dick been good to me/You make it hard for me to choose me.”
While SZA has been talking about a deluxe edition of “SOS” since that album’s release, she explained the album and its to Variety in August of last year: “[‘Lana’] is outtakes [from ‘SOS’] and new stuff, too — I added a couple of songs. It’s like a whole new project. It’s called ‘Lana’ — my name but, it’s the first tattoo that I ever got, when I was 13. It was 10 bucks a letter and I only had 40, so that that became my nickname for no reason. ‘Lana’ is really just the B-side of SOS.”
The album seemed imminent in February when she released “Saturn,” but just a few weeks later, SZA became frustrated by fans leaking songs and posted that she would be “starting ‘Lana’ from scratch” because “y’all leaked three songs from the deluxe.” She continued, “At this point, y’all can keep the throwaways and leaks. I’ll be starting ‘Lana’ from scratch. Do not ask me about it again,” adding a few minutes later, “I’ll round up the leaks y’all already got and u can have those. Seems like a fair deal. ENJOY.” That tweet was deleted shortly afterward. In a subsequent series of tweets, she said the deluxe edition of SOS will now feature “the leaks and outtakes” and “Lana” will be its own album. “Lana deserves more time and music no one’s ever heard before,” she wrote. However, she seems to have reverted to her previous plan.
World
Malaysia agrees to resume 'no find, no fee' hunt for flight MH370, 10 years after plane disappeared
Malaysia’s government has agreed in principle to accept a second “no find, no fee” proposal from a U.S. company to renew the hunt for flight MH370, which is believed to have crashed in the southern Indian Ocean more than 10 years ago, Transport Minister Anthony Loke said Friday.
Loke said Cabinet ministers gave the nod at their meeting last week for Texas-based marine robotics firm Ocean Infinity to continue the seabed search operation at a new 15,000-square-kilometer (5,800-square-mile) site in the ocean next year.
MALAYSIA ANNOUNCES RENEWED PUSH TO FIND MH370 DECADE AFTER DISAPPEARANCE: ‘SEARCH MUST GO ON’
“The proposed new search area, identified by Ocean Infinity, is based on the latest information and data analyses conducted by experts and researchers. The company’s proposal is credible,” he said in a statement.
The Boeing 777 plane vanished from radar shortly after taking off on March 8, 2014, carrying 239 people, mostly Chinese nationals, on a flight from Malaysia’s capital, Kuala Lumpur, to Beijing. Satellite data showed the plane deviated from its flight path to head over the southern Indian Ocean, where it is believed to have crashed.
An expensive multinational search failed to turn up any clues, although debris washed ashore on the east African coast and Indian Ocean islands. A private search in 2018 by Ocean Infinity also found nothing.
Under the new deal, Ocean Infinity will get $70 million only if significant wreckage is discovered, Loke said. He said his ministry will finalize negotiations with Ocean Infinity in early 2025. The firm has indicated that January-April is the best period for the search, he said.
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“This decision reflects the government’s commitment to continuing the search operation and providing closure for the families of MH370 passengers,” he added.
Ocean Infinity CEO Oliver Punkett earlier this year reportedly said the the company had improved its technology since 2018. He has said the firm is working with many experts to analyze data and narrow the search area to the most likely site.
World
Last-minute budget bill to prevent US government shutdown prevails in House
A last-minute budget bill has passed in the United States House of Representatives to keep the federal government funded and running through mid-March, averting an impending shutdown.
The continuing resolution now progresses to the Senate with only hours to spare before the shutdown is slated to take effect on Saturday at 12:01am local time (05:01 GMT).
On Friday evening, the temporary budget legislation sailed through the House with an overwhelming 366 votes in support.
Only 34 representatives, all Republican, voted against the bill. One Democrat, Representative Jasmine Crockett of Texas, abstained by voting “present”.
“We are really grateful that tonight, in bipartisan fashion with overwhelming majority of votes, we passed the American Relief Act of 2025,” Mike Johnson, the House speaker, said in a news conference after the vote.
The stopgap bill, however, omitted one key issue that had stalled recent negotiations: the debt ceiling.
Normally, Congress weighs federal spending separately from the debt ceiling, which limits how much the government can borrow.
But this week, President-elect Donald Trump scuttled an earlier bipartisan bill in part because it did not extend or abolish the debt ceiling, which he compared with a “guillotine” dangling over his incoming administration.
The debt ceiling has become a divisive issue among Republicans, some of whom feared extending or eliminating it would pave the way for unfettered government spending.
Trump, for his part, threatened to set up primary challenges for any Republican who opposed his plan. He signalled that he preferred the debt ceiling debate to happen under the outgoing administration of President Joe Biden, a Democrat and his erstwhile election rival.
“Unless the Democrats terminate or substantially extend Debt Ceiling now, I will fight ‘till the end,” Trump said in a social media post on Wednesday. “This is a nasty TRAP set in place by the Radical Left Democrats! They are looking to embarrass us in June when it comes up for a Vote.”
Trump’s opposition to this week’s bipartisan legislation put him at odds with Johnson, another top Republican leader. Johnson’s predecessor for the speakership, Republican Kevin McCarthy, was ousted last year in a historic vote over his role in passing a bipartisan spending bill.
After the first bipartisan bill was scuttled on Wednesday, Trump backed another version that failed in the House a day later, on Thursday. All Democrats opposed it, as well as 38 Republicans.
Friday’s bill managed to restore Democratic support after closed-door negotiations. In his remarks after the vote, Johnson tried to cast the latest spending deal as a win for Trump’s America First economic platform.
“This is America First legislation, because it allows us to be set up to deliver for the American people,” Johnson said.
He also hinted at changes to come in January, when a new Congress is sworn in and Donald Trump takes office for a second term. When that happens, Republicans will hold majorities in both chambers of Congress.
“In January, we will make a sea change in Washington,” Johnson said. “Things are going to be very different around here. This was a necessary step to bridge the gap, to put us into that moment where we can put our fingerprints on spending for 2025.”
Like earlier bills, the temporary stopgap measure that passed on Friday contains approximately $10bn in farm aid and $100bn in disaster relief, a priority after the destruction of hurricanes like Helene and Milton.
But the sabre-rattling that had accompanied an earlier version of the bill had largely subsided by Friday night, with Trump allies like billionaire Elon Musk striking a conciliatory note.
Musk, who had decried a Wednesday version of the bill as “criminal”, praised Speaker Johnson after the vote on Friday night for streamlining the legislation.
“The Speaker did a good job here, given the circumstances,” he wrote on his social media platform X. “It went from a bill that weighed pounds to a bill that weighed ounces.”
Democrats, meanwhile, questioned Musk’s growing influence over the Republican Party. Musk is slated to advise Trump’s incoming administration in a new role, as part of a nongovernmental, yet-to-be-established agency known as the Department of Government Efficiency.
“Obviously, the thing Donald Trump wanted, he didn’t get,” Representative Jared Moskowitz of Florida told reporters as he walked down the Capitol steps. “It looks like Elon got some of the things he wanted. So that’s interesting.”
Moskowitz credited the Democrats for giving the Republicans the majority needed to pass the bill in the House, despite internal dissent within the right-leaning party.
“The drama that went on here for the last two days didn’t need to happen,” he said. “And we literally wound up in the same place we were always going to wind up in, which was the Democrats providing the majority of the votes to keep the government home open and deliver for the American people.”
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