France and Moldova signed a defense cooperation agreement Thursday, apparently in response to eastern Moldova’s request for Russian “protection.,” just days after Germany was caught planning to bomb a key Russian bridge.

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Russia is prepared to agree to a request by Transnistria, a breakaway region of eastern Moldova bordering on Ukraine, to send troops for “protection” against “increased pressure” from the Moldovan government.

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The Atlanta Fed’s GDPnow measure, which tracks economic data in real time, shows a contraction in the second quarter of 2022 of 2.1%. Following the first quarter’s 1.6% drop, this meets the technical definition of a recession.Continue Reading