EU leaders agreed to assist help Ukraine’s “monetary wants” over the subsequent two years on Thursday night time – however stopped wanting releasing billions of euros in frozen Russian cash to assist finance the nation’s protection.
The choice to make use of €140 billion (£122 billion) in Russian belongings held in a Belgian clearing home was postponed till December after considerations had been raised by Belgium.
The controversial transfer would add to sanctions the bloc has imposed on Russia – the newest on Thursday concentrating on the Kremlin’s oil revenues.
The Brussels assembly got here forward of the London summit on Friday, the place Prime Minister Sir Keir Starmer will urge European leaders to extend provides of long-range missiles to Kiev.
Ukrainian President Volodymyr Zelensky is predicted to take part within the assembly of the so-called “coalition of the prepared”, together with NATO Secretary Normal Mark Rutte, Danish Prime Minister Mette Frederiksen and Dutch Dick Schoof. Different leaders, together with French President Emmanuel Macron, will be part of nearly.
On Thursday, European ministers held talks in Brussels about how billions of euros in frozen Russian cash could possibly be made obtainable to Ukraine as a so-called “reparation mortgage”.
Many EU governments anticipated leaders to help the plan and ask the European Fee, the EU’s govt physique, to attract up a proper authorized proposal within the coming weeks.
However the remaining textual content, adopted after a marathon of talks, didn’t give the plans the inexperienced mild. As a substitute, it requested the Fee for “monetary help choices primarily based on an evaluation of Ukraine’s financing wants”.
“Russia’s belongings should stay immobilized till Russia ceases its warfare of aggression in opposition to Ukraine and compensates it for the harm attributable to its warfare,” the assertion provides.
The intention now could be for EU leaders to achieve an settlement in December.
“This can be a subject that’s actually not trivial. It is extremely complicated,” mentioned European Fee President Ursula von der Leyen after the summit. “It was additionally very clear that there are factors to be clarified.”
Antonio Costa, president of the European Council, sounded a optimistic observe, saying the bloc was dedicated to “guaranteeing that Ukraine’s monetary wants will probably be lined over the subsequent two years.”
“Russia ought to pay attention to this: Ukraine can have the required monetary assets to defend itself,” he instructed a information convention.
Zelensky, who was in Brussels for the summit, hailed the consequence as an indication of “political help” for the concept of utilizing Russian assets to maintain Kiev within the struggle.
There are a selection of authorized complexities surrounding using Russia’s cash.
Belgium, particularly, has been reluctant to help using the frozen belongings, as it’s nervous about having to face any potential penalties if Russia legally challenges Euroclear, the clearing home the place the cash is situated.
Belgian Prime Minister Bart De Wever mentioned his nation wanted concrete and stable ensures earlier than supporting the plan, stressing that the plan was “uncharted territory”.
The Belgian authorities argued that it may expose Euroclear to litigation and finally create a serious monetary disaster.
“Can this (plan) be authorized? That is an excellent query… There are not any clear solutions,” De Wever mentioned.
“Both manner, we will probably be buried in litigation. That looks like a certainty.”
Russia criticized the EU proposals.
“Any confiscatory initiatives from Brussels will inevitably lead to a painful response,” mentioned Russian International Ministry spokeswoman Maria Zakharova.
The newest EU sanctions adopted US measures in opposition to Russia’s oil business – the primary time Donald Trump has sanctioned Moscow as he grows more and more pissed off with Vladimir Putin’s refusal to finish the warfare.
After the US sanctions had been introduced on Wednesday night time, Trump confirmed {that a} deliberate assembly with the Russian president in Budapest had been postponed indefinitely.
“Each time I discuss to Vladimir, I’ve good conversations after which they do not go anyplace,” he mentioned.
US sanctions focused Russian oil giants Rosneft and Lukoil. In response, Putin mentioned the US’ “hostile” measures “can have sure penalties, however is not going to considerably have an effect on our financial well-being.”
Oil is one in all Russia’s largest exports. Ukraine needs to make use of long-range missiles to focus on Russian oil and vitality vegetation.
Zelensky had hoped to acquire Tomahawk cruise missiles from the US, however final week Trump rejected the request as a result of the weapons are “extremely complicated” and require a 12 months of intense coaching to make use of.
The EU’s newest punitive measures in opposition to Russia focused three Chinese language firms, together with two oil refiners and an vitality dealer, that are “important consumers of Russian crude oil.”
The measures “are meant to deprive Russia of the means to finance this warfare,” Kallas mentioned, in addition to to ship a message, particularly that “Russia can’t survive us,” she mentioned.
China condemned the choice, which a Commerce Ministry spokesperson mentioned “severely undermined the general framework of China-EU financial and commerce cooperation.”
Shiv Sena (UBT) MP Sanjay Raut on Thursday (October 23, 2025) appealed to opposition events to shut ranks forward of the upcoming Brihanmumbai Municipal Company (BMC) elections, underlining that the battle isn’t just electoral but additionally about safeguarding Mumbai and democratic values.
His feedback got here after Congress MLC Bhai Jagtap declared that the social gathering would contest the civic polls independently, ruling out any alliance with Raj Thackeray’s Shiv Sena (UBT) or Maharashtra Navnirman Sena (MNS).
Raut stated if discussions on a pre-poll alliance have been obligatory, they’d be held with the nationwide Congress management and never with state leaders. “That is about defeating the BJP and saving Mumbai,” he instructed reporters, warning of an “imminent hazard” for the town.
Invoking the historic Samyukta Maharashtra motion, he reminded Congress leaders that the events have already come collectively to guard Mumbai’s identification. “The Congress is a key associate within the INDIA bloc and the Maha Vikas Aghadi (MVA). These alliances are collective efforts, not depending on one social gathering,” he stated.
The Rajya Sabha MP urged the Marathi Congress management to rethink its stand, including that Marathi voters would welcome a united opposition. “If some events select a special course for the BMC or native elections, that’s their prerogative. We is not going to make any assertion that might jeopardize our alliance. Raj Thackeray leads an unbiased social gathering and our mission is obvious: to defeat the BJP and stop Mumbai from falling into the clutches of the Adani group,” Raut stated.
He additionally attacked the Congress, alleging that the INDIA bloc was shaped to make Rahul Gandhi the Prime Minister. “If we have to focus on alliances, we are going to converse to Rahul Gandhi, Mallikarjun Kharge, KC Venugopal and Ramesh Chennithala. To this point, there have been no talks with them on this problem,” he clarified.
He additionally referred to the continuing tussle over seat-sharing inside the Mahagathbandhan in Bihar, the place the Congress and the RJD are competing towards one another in a number of constituencies. Taking a jab, Raut requested if there was a pacesetter like Raj or Uddhav Thackeray in that state to maintain the alliance collectively.
At present, the MVA in Maharashtra contains the Congress, Shiv Sena (UBT) and NCP (SP).
Miami Warmth level guard Terry Rozier was arrested Thursday morning in Orlando and charged in a federal sports activities betting and cash laundering case which prosecutors say includes utilizing private details about NBA gamers and accidents to position unlawful bets.
U.S. Lawyer for the Jap District of New York Joseph Nocella stated Rozier is considered one of six defendants within the first of two large-scale federal instances, each linked to an overlapping community of unlawful playing and arranged crime.
“His profitable streak is over,” Nocella stated throughout a press convention Thursday morning. “Breaking the regulation is a dropping proposition.”
Rozier charged with conspiracy to commit wire fraud and cash laundering
In line with Nocella, Rozier and others are accused of defrauding sports activities betting by utilizing confidential, private details about when sure NBA gamers would sit out video games or withdraw as a consequence of accidents. Prosecutors stated the group used this data to realize an unfair benefit when putting bets.
Rozier is charged with conspiracy to commit wire fraud and conspiracy to commit cash laundering.
FBI Director Kash Patel described the primary case as a “pervasive felony enterprise” that blurred the traces between the NBA and arranged crime.
“It is a years-long unlawful playing and fraud operation,” Patel stated. “This fraud is historic in its scheme.”
Rozier’s lawyer, James Trusty, criticized the way in which the arrest was dealt with, saying his shopper cooperated with authorities and will have been allowed to give up voluntarily. Trusty stated prosecutors had beforehand described Rozier as a “topic, not a goal,” and accused them of searching for publicity fairly than justice.
“They needed the misplaced glory of embarrassing knowledgeable athlete with a felony stroll,” Trusty stated. “That claims quite a bit in regards to the motivations on this case.”
Trusty added that Rozier was cleared by the NBA in a earlier assessment and “hopes to win this battle.”
Rozier’s arrest befell a number of hours following the Warmth’s season-opening sport Wednesday evening towards the Orlando Magicsport he didn’t play in, regardless of being listed on the energetic roster. Rozier was arrested by federal authorities at an Orlando resort.
Staff officers and Warmth coach Erik Spoelstra haven’t publicly commented on Rozier’s arrest.
Former NBA participant Damon Joneswho performed for the Miami Warmth in 2004, was additionally arrested in reference to the investigation into sports activities betting allegations.
Second case linked to New York organized crime households
In a separate however associated case, 31 defendants had been accused of operating unlawful, high-stakes poker video games that federal brokers say had been fastened utilizing expertise to control the outcomes.
Portland Path Blazers coach Chauncey Billups has been arrested in reference to this case, authorities confirmed.
Prosecutors stated the operation stretched from New York to Las Vegas, Los Angeles and Miami and concerned members of the Bonanno, Gambino and Genovese crime households, which beforehand managed different underground playing networks in New York.
13 alleged mob associates had been charged in reference to this scheme.
Nocella stated three individuals, together with Jones, overlap between the 2 instances, bringing the entire variety of defendants to 34 nationwide.
Rozier and Billups had been eliminated throughout investigation, says NBA
THE NBA said in statement that Rozier and Billups had been being sidelined whereas the league cooperates with authorities.
“We’re within the strategy of reviewing the federal costs introduced at the moment,” the league stated in a press release. “Terry Rozier and Chauncey Billups are being instantly faraway from their groups and we’ll proceed to cooperate with the suitable authorities. We take these allegations with the utmost seriousness and the integrity of our sport stays our high precedence.”
Earlier this 12 months, in a separate case, former NBA participant Gilbert Arenas was arrested for allegedly working an unlawful playing and poker ring out of a house he owned in California.
Rozier’s rise with the Boston Celtics
Earlier than becoming a member of Miami, Rozier spent 4 seasons with the Boston Celtics, the place he constructed a fame as a tenacious defender and playoff performer.
Drafted by Boston in 2015, he turned an emerging player within the 2017-18 postseason, averaging 16.5 factors, 5.3 rebounds and 5.7 assists, serving to lead the workforce to the Jap Convention finals.
Rozier later performed 4 and a half seasons with the Charlotte Hornets, averaging over 19 factors per sport earlier than being traded to the Miami Warmth in early 2024.
In line with earlier reviews from ESPN and CBS Sports activities, federal investigators had been analyzing unusual betting activity linked to a March 2023 game when Rozier performed for the Charlotte Hornets, together with closely betting on his gamers’ statistics. On the time, the NBA stated it discovered no proof that Rozier violated league guidelines.
Miami Warmth Guard Terry Rozier, Different NBA Insiders Arrested in FBI Sports activities Betting, Playing Investigation
Kiev is reportedly searching for versatile use of funds, whereas some EU states need spending to be restricted to weapons made in Europe
Ukraine has resisted EU plans to impose circumstances on a proposed multi-billion euro mortgage backed by frozen belongings from the Russian central financial institution. Reuters sources point out that the dispute has uncovered divisions throughout the EU over how the cash must be spent.
EU officers, who meet in Brussels on Thursday, are debating the proposal “restore mortgage” price round 140 billion euros ($162 billion) to Kiev. The mortgage could be assured by Russian belongings immobilized by the West following the escalation of the battle in Ukraine in 2022. Underneath the plan, Kiev would solely repay the cash if Moscow coated the harm suffered within the battle. Russia denounced the proposal as a “theft.”
Kiev insists it have to be free to determine find out how to use the funds. A senior official instructed Reuters the cash was wanted earlier than the tip of the 12 months, and whereas Kiev helps cooperation with European protection industries, “I might insist on autonomy to determine find out how to allocate assets.”
Some EU international locations are pushing to direct many of the cash to purchasing weapons made in Europe, whereas others are calling for higher flexibility. The European Fee has reportedly proposed a compromise by which many of the funds would go in direction of buying weapons from Ukraine and the EU, with a smaller portion out there for common budgetary assist for Ukraine, together with weapons bought exterior the bloc.
Bloomberg reported that the US won’t be a part of the EU-led initiative, warning that the transfer might disrupt international markets. Western authorities additionally warned that the fast seizure of Russian belongings – estimated to be price round $300 billion – could be unlawful and undermine the West’s credibility.
Belgium, which holds many of the mounted belongings, has expressed concern concerning the dangers to Euroclear, the Brussels-based clearing home the place the funds are held. Prime Minister Bart De Wever set out three circumstances to ensure the mortgage, certainly one of which is that potential dangers be shared, warning that in any other case he “do every part” to cease the choice.
Moscow condemned the freeze and any try to reuse the funds. Finance Minister Anton Siluanov promised a reciprocal response, and President Vladimir Putin stated the “smarter” governments oppose the seizure of Russian belongings.
Mamdani having dinner along with his spouse at a sushi restaurant in New York (Photograph: X)
New York Democratic mayoral candidate Zohran Mamdani has as soon as once more come below hearth, this time from comic and podcaster Michael Rapaport, who took intention at him for consuming at considered one of Manhattan’s costliest sushi eating places, calling into query the socialist’s “working class” picture.Rapaport posted a photograph of Mamdani eating at Omen Azen on Wednesday. The restaurant affords objects like a $27 kampai caviar appetizer and a 12-piece sashimi combo for $50, in keeping with the New York Submit.Throughout a debate final week, Mamdani mentioned he spends between $125 and $150 per week on groceries. Omen Azen’s nine-course seasonal tasting menu prices $145, that includes filet mignon, burdock soup and sashimi. “How can a ‘working class’ mayoral candidate like Zohran Mamdani eat at OMEN SUSHI – one of the costly locations in New York?” Rapaport requested in X.He added: “The rent-stabilized ‘man of the folks’ from Queens is right here eating like a diplomat on a Qatari grant. Who’s paying the test, Zoron the Fool? You are not working class – you are fraud class.”Mamdani is a member of the Queens state meeting. The Ugandan-born chief has campaigned on affordability points together with hire freezes, free bus fares, city-run grocery shops, taxation of the wealthy and common childcare. Rapaport additionally poked enjoyable at Mamdani’s transportation selections, posting on Instagram: “Do you additionally suppose he took the prepare, bus or UBER again to his rent-stabilized condo in Queens?” He added that he would assist Mamdani’s electoral rival, former governor Andrew Cuomo, who known as Mamdani a “son of wealth.”“He grew up in Uganda — principally in a palace. Moved to Manhattan, grew up in a penthouse on the West Aspect, went to non-public faculty, $60,000 a yr and Bowdoin Faculty,” Cuomo mentioned on YouTuber and influencer Logan Paul’s Impaulsive podcast.Rapaport additionally mentioned Mamdani’s household historical past. Mamdani’s mom, acclaimed filmmaker Mira Nair, had tasks funded by Qatar’s state cultural establishments. Rapaport reposted a photograph of the Omen Sushi menu with the caption: “Enjoyable truth: 12 items of sushi value $50 at Omen… Mamdani is a typical ‘cash for me, not you’ socialist parasite.”In response to criticism of his personal feedback, Rapaport wrote on
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Vice President JD Vance mentioned Thursday that Israeli lawmakers’ vote to annex the West Financial institution was a “very silly political coup.”
A invoice making use of Israeli legislation to the occupied West Financial institution, which might successfully annex the territory to Israel, handed a vote in Israel’s parliament on Wednesday whereas Vance was visiting the nation, in keeping with Reuters. It was the primary of 4 votes needed for the proposal to grow to be legislation. Israeli Prime Minister Benjamin Netanyahu’s Likud celebration didn’t assist the laws, which was promoted by lawmakers outdoors his ruling coalition, the information company added.
“That was bizarre. I used to be form of confused by it,” Vance informed reporters Thursday when requested in regards to the vote. “Now I requested somebody about this, and so they informed me it was a symbolic vote, some symbolic vote to acknowledge or a symbolic vote to annex the West Financial institution. I imply, what I might say about that’s that after I requested about it, somebody informed me that it was a political coup, that it had no sensible which means, it was purely symbolic.”
“I imply, if it was a political coup, it was a really silly political coup, and I personally think about it an insult. The West Financial institution is not going to be annexed by Israel,” Vance added. “The coverage of the Trump administration is that the West Financial institution is not going to be annexed by Israel. That can proceed to be our coverage. And if individuals need to forged symbolic votes, they’ll accomplish that, however we actually weren’t comfortable about that.”
JD VANCE SAYS PSAKI’S COMMENT ABOUT HIS WIFE WAS ‘DISGRACEFUL’
Vice President JD Vance speaks throughout a press convention following a army briefing on the Civil-Navy Coordination Middle on October 21, 2025, in Kiryat Gat, Israel. (Pool/Getty Photographs/Nathan Howard)
Following Vance’s feedback, a senior member of Netanyahu’s Likud celebration introduced Thursday that the Israeli prime minister informed him to not current proposals relating to the annexation of the West Financial institution, in keeping with Israeli media.
“The Knesset vote on annexation was a deliberate political provocation by the opposition to sow discord throughout Vice President JD Vance’s go to to Israel. Each payments have been sponsored by opposition members of the Knesset,” Netanyahu’s workplace wrote in X.
“The Likud celebration and non secular events (the principle members of the coalition) didn’t vote in favor of those payments, aside from one disgruntled Likud member who was lately fired from chairing a Knesset committee. With out Likud’s assist, these payments are unlikely to go wherever,” he added.
VANCE HAILS ‘DAYS OF DESTINY’ AS VP SEEKS TO BUILD Ceasefire AGREEMENT
The West Financial institution metropolis of Ramallah, seen on October 9, 2025.(Zain Jaafar/AFP by way of Getty Photographs)
The doable annexation of the West Financial institution has been raised in Israel in response to quite a few nations transferring to acknowledge a Palestinian state, in keeping with the Related Press.
Israel captured the West Financial institution, East Jerusalem and the Gaza Strip within the 1967 Center East struggle. The Palestinians need all three territories to kind their future state. They, and far of the worldwide group, say annexation would all however finish any remaining risk of a two-state answer, the AP reported.
Greater than half one million Jewish settlers presently stay within the West Financial institution, in round 130 settlements.
Vice President JD Vance meets with Israeli Prime Minister Benjamin Netanyahu on the Prime Minister’s Workplace in Jerusalem on Wednesday, October 22, 2025. (Marc Israel Sellem/Jerusalém Submit/AP)
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“I cannot enable Israel to annex the West Financial institution,” President Donald Trump mentioned in late September within the Oval Workplace. “I will not enable it. It will not occur.”
The Related Press contributed to this report.
Greg Norman is a reporter for Fox Information Digital.
American Airways posted a smaller-than-expected loss for the third quarter, and its outlook for the remainder of the yr beat Wall Road forecasts, sending shares greater.
American expects to earn between 45 cents and 75 cents per share within the fourth quarter, above the 31 cents per share anticipated by analysts. That raised American’s full-year earnings forecast to between 65 cents and 95 cents per share, effectively above the 43 cents per share projected by the Wall Road forecast. The provider expects its fourth-quarter capability to develop between 3% and 5% in comparison with the identical interval final yr.
Learn extra airline information on CNBC
As soon as a troublesome quarter, airways discovered it tougher to generate income in the summertime than in earlier years. Colleges are reopening sooner than earlier than and a few vacationers are opting to take bigger journeys later within the yr when the climate is cooler and there are fewer crowds in lots of in style locations.
American reported a internet lack of $114 million, or 17 cents per share, on income of $13.69 billion. Income elevated 0.3% in comparison with final yr.
American’s outlook for the third quarter in July disillusioned traders, though different carriers additionally lowered their revenue outlook for the yr after falling demand in early 2025 as clients weighed a collection of intermittent fares and financial uncertainty.
An oversupply of home flights this yr has led carriers to cut back their progress plans to keep away from unprofitable flights.
Here is how American carried out within the third quarter in comparison with Wall Road estimates compiled by LSEG:
Loss per share: 17 cents adjusted versus an anticipated lack of 28 cents
Income: US$ 13.69 billion in opposition to US$ 13.63 billion anticipated
The French coastguard has known as for the suspension of plans to intercept small boats within the English Channel because of the threat to lives. The intervention got here because the Ministry of the Inside confirmed that France was reviewing its “maritime doctrine” on the plan.
In a letter to the director basic of French customs, Florian Colas, the Solidaires Douanes customs union, which incorporates coast guards amongst its members, describes plans to intercept small vessels inside 300 meters of the French coast as “a lethal doctrine, which contravenes worldwide conventions to which France is a signatory”.
He provides: “Such an inhumane, absurd and shameful doctrine runs the danger of inflicting shipwrecks and deaths, the ethical and felony accountability for which might lie fully with the personnel answerable for finishing up the interventions.”
New questions in regards to the feasibility of boat interceptions within the English Channel are one other blow to the UK authorities, after the Guardian revealed on Tuesday that an Iranian asylum seeker, from the primary group of individuals despatched again to France underneath the “one in a single” association, returned to the UK in a small boat.
The BBC has reported that the a part of the UK-France settlement to cease boats off the French coast is underneath risk and will by no means be applied.
Though saving lives at sea is prime in maritime regulation, the interception plan was based mostly on a brand new “maritime doctrine”, thought of by French authorities in June, in line with which patrol boats would try to intercept boats and return them to shore. The Inside Ministry mentioned on Thursday that France was reviewing its maritime doctrine.
In response to the BBC, French maritime safety sources described the plan as “only a political coup”.
Peter Walsh, of the Oxford Migration Observatory, mentioned the plan might by no means be applied.
A spokesman for the French police union, Jean-Pierre Cloez, mentioned the plans had been “suspended”. “We thought of on the time that it was [too] harmful. The principles, for now, are the identical. There isn’t any change in the best way we do issues.”
The UK’s border safety commander has expressed frustration that French authorities haven’t but applied the plan.
Martin Hewitt informed MPs on the joint dwelling affairs choose committee that fast authorities modifications in France had been a “political backdrop” for the introduction of a tactic the UK thought of essential to combating “taxi boats” smuggling folks into Britain.
He mentioned it was “irritating” that France had not been capable of implement extra interventionist techniques in opposition to the boats, which decide up folks in shallow waters off French seashores.
The coverage is the most recent to come across issues. When Priti Patel was dwelling secretary, her plan to intercept dinghies within the English Channel was withdrawn simply days earlier than a excessive courtroom problem in April 2022. The previous authorities dismissed studies that they had been contemplating intercepting dinghies utilizing jetskis or wave machines.
The Residence Workplace mentioned: “The small boat crossings are utterly unacceptable and we stay decided to disrupt the vile folks smugglers behind them. France is a crucial companion in tackling unlawful migration and we proceed to work carefully as they evaluation their maritime doctrine, which is able to permit officers to intervene in shallow waters. We need to see the quickest attainable implementation of those new techniques.” And because of our historic settlement with the French, folks crossing in small boats can now be stopped and eliminated.”
