NATO declares that it will back Ukraine in the future and that it intends to increase aid.
The president of Ukraine has approved a measure reducing the age of conscription from 27 to 25 to strengthen the resistance to Russia's invasion. Volodymyr Zelenskyy has warned that stopping Russian advances will require recruiting 500,000 people. The war has been going on for three years, and Ukraine has struggled to increase force levels. As the foreign ministers of NATO gather in Brussels to discuss long-term support for Ukraine, there is a mobilization. Among them is a plan to fund the project with 107 billion dollars spread over five years. NATO Secretary General Jens Stoltenberg says the organization intends to increase aid and will not stop supporting Ukraine.
More than 2000 businesses file for bankruptcy in February 2024.
The economic picture in the United Kingdom is still terrible. A concerning picture of the business climate in the UK is painted by the most recent government statistics on insolvency. In February, 17% more companies in England and Wales were declared insolvent than in 2023. There were 2,102 insolvent companies, compared to 1,801 in February 2023.
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