Newly Enlarged NATO Starts Drill in Finland, Norway and Sweden in Defense of its Nordic Turf 

This photograph taken on February 27, 2024 shows an empty mast amongst member nation flags in the Cour d'Honneur of the NATO headquarters, ahead of a flag-raising ceremony for Sweden's accession to NATO, in Brussels on February 27, 2024. (AFP)
This photograph taken on February 27, 2024 shows an empty mast amongst member nation flags in the Cour d'Honneur of the NATO headquarters, ahead of a flag-raising ceremony for Sweden's accession to NATO, in Brussels on February 27, 2024. (AFP)
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Newly Enlarged NATO Starts Drill in Finland, Norway and Sweden in Defense of its Nordic Turf 

This photograph taken on February 27, 2024 shows an empty mast amongst member nation flags in the Cour d'Honneur of the NATO headquarters, ahead of a flag-raising ceremony for Sweden's accession to NATO, in Brussels on February 27, 2024. (AFP)
This photograph taken on February 27, 2024 shows an empty mast amongst member nation flags in the Cour d'Honneur of the NATO headquarters, ahead of a flag-raising ceremony for Sweden's accession to NATO, in Brussels on February 27, 2024. (AFP)

NATO will kick off an exercise on Monday to defend its newly expanded Nordic territory when more than 20,000 soldiers from 13 nations take part in drills lasting nearly two weeks in the northern regions of Finland, Norway and Sweden.

With over 4,000 Finnish soldiers taking part, the Norway-led Nordic Response 2024 represents the NATO newcomer's largest ever participation in a foreign exercise, according to Finland's military.

“For the first time, Finland will participate as a NATO member nation in exercising collective defense of the alliance’s regions,” the Finnish Defense Forces said in a statement.

Finland, which shares a 1,340-kilometer (830-mile) border with Russia, joined NATO in April 2023 in a historic move following decades of military non-alignment. With its bid now ratified by all NATO members, neighboring Sweden is currently finalizing formalities to enter the military alliance as its 32nd member — most likely in March.

Both Sweden and Finland had developed strong ties with NATO after the end of the Cold War, but public opinion remained firmly against full membership until Russia's invasion of Ukraine.

Nonalignment was seen as the best way to avoid tensions with Russia, their powerful neighbor in the Baltic Sea region. But the Russian aggression caused a dramatic shift in public opinion in both countries, and they applied jointly for NATO membership in May 2022.

For years, the biannual NATO drill, which has been conducted in the Arctic extremes of northern Norway, was called “Cold Response.”

However, “thanks to the NATO expansion with Finland and eventually Sweden, we are now expanding the exercise to a Nordic Response,” the Norwegian Armed Forces said on its website. This year, the drill is hosted equally by Finland, Norway and Sweden.

The participating nations in the exercise that runs through March 15 are Belgium, Britain, Canada, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the United States.

Roughly half of the participating troops will drill on land. The rest will train at sea, with over 50 participating submarines, frigates, corvettes, aircraft carriers, and various amphibious vessels, and in the air with more than 100 fighter jets, transport aircraft, maritime surveillance aircraft and helicopters, according to the Norwegian military.

The combined joint training will focus on the defense and protection of the Nordic region, Norwegian military officials said.

“We need to be able to fight back and stop anyone who tries to challenge our borders, values and democracy,” said Brigadier Tron Strand from the Royal Norwegian Air Force, Commander of the Norwegian Air Operations Center, in a statement. “With the current security situation in Europe, the exercise is extremely relevant and more important than ever before,” he added.

“The High North represents an important and strategically located area for NATO” and the Nordic Response 2024 exercise “increases Nordic preparedness and the capability to conduct large-scale joint operations in challenging weather and climate," NATO said on its website.

Finland’s new president, Alexander Stubb, will inspect the drill together with Norwegian Prime Minister Jonas Gahr Støre in northern Norway on March 7. It’s the first foreign trip for Stubb since he was sworn in as Finland’s new head of state and its supreme military commander on March 1.



World Economic Forum Head Steps Down Over Epstein Links

FILED - 21 January 2025, Switzerland, Davos: World Economic Forum president and CEO Borge Brende speaks during the Uncertain Times session at the World Economic Forum Annual Meeting. Photo: Faruk Pinjo/World Economic Forum/dpa
FILED - 21 January 2025, Switzerland, Davos: World Economic Forum president and CEO Borge Brende speaks during the Uncertain Times session at the World Economic Forum Annual Meeting. Photo: Faruk Pinjo/World Economic Forum/dpa
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World Economic Forum Head Steps Down Over Epstein Links

FILED - 21 January 2025, Switzerland, Davos: World Economic Forum president and CEO Borge Brende speaks during the Uncertain Times session at the World Economic Forum Annual Meeting. Photo: Faruk Pinjo/World Economic Forum/dpa
FILED - 21 January 2025, Switzerland, Davos: World Economic Forum president and CEO Borge Brende speaks during the Uncertain Times session at the World Economic Forum Annual Meeting. Photo: Faruk Pinjo/World Economic Forum/dpa

World Economic Forum head Børge Brende said Thursday that he is stepping down after facing pressure over his contacts with the late US sex offender Jeffrey Epstein.

Brende, a former Norwegian foreign minister, said in a statement that he had decided “after careful consideration” to step down as president and chief executive of the forum, known for its annual January summit in the Swiss Alpine resort of Davos.

“I am grateful for the incredible collaboration with my colleagues, partners, and constituents, and I believe now is the right moment for the Forum to continue its important work without distractions,” Brende said in a statement released by the WEF.

The US Justice Department has released more than 3 million pages of documents relating to Epstein, who died by suicide in jail in 2019 while awaiting trial on sex-trafficking charges.

Brende was Norway’s foreign minister from 2013-2017 and is one of several prominent Norwegians who have faced scrutiny following the latest release of Epstein files.

He didn't refer directly to that controversy in Thursday's statement, but the WEF announced earlier this month that it was opening an internal review into Brende to determine his relationship with Epstein after files indicated the two had dined together several times and exchanged messages.

Brende told Norwegian broadcaster NRK at the time that he was cooperating with the investigation, that he only met Epstein in business settings and that he had been unaware of Epstein’s criminal background.

WEF co-chairs André Hoffmann and Larry Fink said in a statement that “the independent review conducted by outside counsel has concluded. The findings stated that there were no additional concerns beyond what has been previously disclosed.”

They said that Alois Zwinggi will serve as the forum's interim president and CEO, and the forum's Board of Trustees would oversee the leadership transition, including a plan to identify a permanent successor.

Brende's resignation follows the departure last year of the WEF's founder and longstanding chair Klaus Schwab after he came under pressure from a whistleblower alleging misconduct.

The WEF subsequently said an internal investigation had found no evidence of material wrongdoing by Schwab.


US Moves to Cut Off Swiss Bank from Financial System over Alleged Iran, Russia Links

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023.  REUTERS/Kevin Lamarque/File Photo
FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. REUTERS/Kevin Lamarque/File Photo
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US Moves to Cut Off Swiss Bank from Financial System over Alleged Iran, Russia Links

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023.  REUTERS/Kevin Lamarque/File Photo
FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. REUTERS/Kevin Lamarque/File Photo

The US Treasury Department proposed a rule on Thursday that, if finalized, would sever MBaer Merchant Bank AG's access to the US financial system on the grounds the Swiss bank had supported illicit actors linked to Iran and Russia.

The Treasury alleged MBaer and its employees had facilitated corruption linked to Venezuelan and Russian money laundering as well as money laundering and terrorist ⁠financing on behalf ⁠of Iran's Revolutionary Guard Corps and its Quds Force, which are under sanctions from the US.

"MBaer has funneled over a hundred million dollars through the US financial system on behalf of illicit actors tied to Iran and ⁠Russia," Reuters quoted Treasury Secretary Scott Bessent as saying in a statement. "Banks should be on notice that the US Treasury will aggressively protect the integrity of the US financial system using the full force of our authorities."

The Treasury said that if finalized, the proposed rule would prohibit covered US financial institutions from opening or maintaining a correspondent account for, or on behalf of, MBaer. The Treasury's Financial ⁠Crimes ⁠Enforcement Network anti-money laundering bureau published a notice of proposed rulemaking that invites written comments for 30 days on the plan to cut off the small Swiss private bank from the US dollar-based financial system.

FinCEN said in the notice that for years, MBaer "has directly or indirectly facilitated money laundering for or on behalf of illicit actors, including through processing transactions related to Venezuelan corruption and Russian and Iranian illicit activities."


Cuba Vows to Defend Itself Against 'Terrorist and Mercenary Aggression'

(FILES) Cuban President Miguel Diaz-Canel delivers a speech during the closing of the IV Conference "Nation and Emigration" at the Convention Palace in Havana on November 19, 2023. (Photo by YAMIL LAGE / AFP)
(FILES) Cuban President Miguel Diaz-Canel delivers a speech during the closing of the IV Conference "Nation and Emigration" at the Convention Palace in Havana on November 19, 2023. (Photo by YAMIL LAGE / AFP)
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Cuba Vows to Defend Itself Against 'Terrorist and Mercenary Aggression'

(FILES) Cuban President Miguel Diaz-Canel delivers a speech during the closing of the IV Conference "Nation and Emigration" at the Convention Palace in Havana on November 19, 2023. (Photo by YAMIL LAGE / AFP)
(FILES) Cuban President Miguel Diaz-Canel delivers a speech during the closing of the IV Conference "Nation and Emigration" at the Convention Palace in Havana on November 19, 2023. (Photo by YAMIL LAGE / AFP)

President Miguel Diaz-Canel said on Thursday that Cuba will defend itself against "terrorist and mercenary aggression," a day after Havana said it had killed four exiles aboard a Florida-registered speedboat that entered Cuban waters and opened fire on a patrol.

The Cuban government said the people on the speedboat in Wednesday's incident were anti-government Cubans, some of whom were previously wanted for plotting attacks. Six people on the speedboat were wounded, Cuba says.

"Cuba ⁠does not attack ⁠nor threaten," Diaz-Canel wrote on X. "We have stated this on repeated occasions and reaffirm it today: Cuba will defend itself with determination and firmness."

The incident took place at a time of heightened tensions with the United States, which has ⁠blocked oil shipments to the island to pressure the Communist-run government, after capturing and jailing Venezuelan President Nicolas Maduro, an ally of Cuba.

A man fishes in Havana Bay across from the Nico Lopez oil refinery, in Havana, Cuba February 25, 2026. REUTERS/Norlys Perez

The fuel shortages have hit transport and worsened power cuts on the Caribbean's largest island, where the electricity grid relies on imported oil.

Venezuela had been Cuba's top oil supplier, but has not sent shipments since December, Reuters reported.

The UN has warned of a humanitarian crisis if Cuba's energy ⁠needs are ⁠not met.

On Thursday, Russia - one of Cuba's last oil suppliers, though it has not given a date for its next shipment - called for restraint and called the incident an "aggressive provocation by the United States".

US Secretary of State Marco Rubio said his government was going to independently investigate the incident.

"We're still gathering facts," he told reporters. "We don't generally make decisions in the United States on the basis of what Cuban authorities are saying."