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MOSCOW – Russian President Vladimir Putin on Tuesday vowed to continue with his countrys year-long war in Ukraine and accused the United States-led Nato military alliance of fanning the flames of the conflict in the mistaken belief that it could defeat Moscow in a global confrontation.

He updated Russias political and military elite on the war nearly one year to the day since ordering the invasion that has triggered the biggest confrontation with the West since the depths of the Cold War.

He said the events leading to Moscows special military operation on Feb 24, 2022, were forced upon Russia.

We did everything possible, genuinely everything possible, in order to solve this problem (in Ukraine) by peaceful means. We were patient, we were negotiating a peaceful way out of this difficult conflict, but a completely different scenario was being prepared behind our backs, he said from Russias Parliament.

Flanked by four Russian tricolour flags, Mr Putin said Russia would carefully and consistently resolve the tasks facing us.

Mr Putin said Western countries, led by the US, were seeking unlimited power in world affairs and that Kyiv was speaking to the West about weapon supplies even before the beginning of the invasion.

The President added that Russia had done everything it could to avoid war, but that Western-backed Ukraine had been planning to attack Russian-controlled Crimea, annexed by Russia in 2014.

The West, he said, had let the genie out of the bottle in a host of regions across the world by sowing chaos and war.

The people of Ukraine have become the hostage of the Kyiv regime and its Western overlords, who have effectively occupied this country in the political, military and economic sense, Mr Putin said.

They intend to translate the local conflict into a global confrontation, we understand it this way and will react accordingly.

Defeating Russia, the 70-year-old said, was impossible.

Mr Putin said Russia would never yield to Western attempts to divide its society, adding that a majority of Russians supported the war.

He warned the West may incite a backlash over money flows to the war that were not diminishing.

Mr Putin said: The more long-range Western systems are being delivered to Ukraine, the farther we will be forced to move the threat from our borders. Russian National Guard officers patrol on Red Square prior to Mr Putin’s annual state address, in central Moscow, on Feb 21. PHOTO: AFP When he spoke about the annexation of four Ukrainian territories in 2022, he got a standing ovation at the Gostiny Dvor exhibition centre, just a few steps from the Kremlin.

Towards the end of the speech, Mr Putin said Russia was suspending its participation in the New Start treaty with the US that limits the two sides strategic nuclear arsenals.

Together, Russia and the US hold around 90 per cent of the worlds nuclear warheads enough to destroy the planet many times over.

Mr Putin asked the audience, which included lawmakers, soldiers, spy chiefs and state company bosses, to stand to remember those who had lost their lives in the war.

He promised a special fund for the families of those killed in the war.

He said the West was supporting traitors who opposed Russias actions, and thanked Russians for their courage and resolution in supporting Moscows operation in Ukraine.

Mr Putin said he understood how difficult it was for relatives of Russian soldiers who had died fighting in Ukraine. Mr Vladimir Putin arrives to deliver his annual address to the Federal Assembly in Moscow, on Feb 21, 2023. PHOTO: REUTERS We all understand, I understand how unbearably hard it is now for the wives, sons, daughters of fallen soldiers, their parents, who raised worthy defenders of the Fatherland, he said.

The Ukraine conflict is by far the biggest bet by a Kremlin chief since at least the 1991 fall of the Soviet Union and a gamble Western leaders such as US President Joe Biden say Mr Putin must lose.

Russian forces have suffered three major battlefield reversals since the war began, but still control around one-fifth of Ukraine.

Tens of thousands of men have been killed, and Mr Putin has said Russia is locked in an existential battle with an arrogant West, which he says wants to carve up Russia and steal its vast natural resources.

The West and Ukraine reject that narrative, and say Nato expansion eastwards is no justification for what they say is an imperial-style land grab doomed to failure.

White House National Security Advisor Jake Sullivan described Mr Putins accusations that Russia had been threatened by the West as justification for invading Ukraine as absurdity.

Nobody is attacking Russia. Theres a kind of absurdity in the notion that Russia was under some form of military threat from Ukraine or anyone else, he told reporters. People gather for Mr Vladimir Putins address to the Federal Assembly at the Gostiny Dvor conference centre in Moscow, on Feb 21. PHOTO: EPA-EFE More On This Topic US slams 'absurdity' of Putin's anti-West speech Putin set for major Ukraine war speech after Biden walks streets of Kyiv Speaking hours ahead of Mr Biden delivering his own speech in Warsaw to mark the anniversary of the war, Mr Sullivan said the Kremlin leader was the aggressor.

This was a war of choice. Putin chose to fight it. He could have chosen not to. And he can choose even now to end it, to go home, he added.

Russia stops fighting the war in Ukraine and goes home, the war ends. Ukraine stops fighting and the United States and the coalition stops helping them fight then Ukraine disappears from the map.

Mr Putin, who frequently decries Western gender and sexual freedoms as an existential danger, said on Tuesday that paedophilia had become the norm in the West.

Look at what they do to their own people: the destruction of families, of cultural and national identities and the perversion that is child abuse all the way up to paedophilia are advertised as the norm… and priests are forced to bless same-sex marriages, he said. Mr Vladimir Putin is seen on screens of a shopping mall as he delivers his annual address to the Federal Assembly in Moscow, on Feb 21. PHOTO: REUTERS Ukrainian presidential aide Mykhailo Podolyak said that Mr Putins speech showed he has lost touch with reality.

He is in a completely different reality, where there is no opportunity to conduct a dialogue about justice and international law, said the adviser to Ukraine leader Volodymyr Zelensky. Tilt to Asia?

Mr Putin, who was handed the presidency in 1999 by Boris Yeltsin, said the West had failed to destroy the Russian economy with the severest sanctions in modern history.

They want to make the people suffer… but their calculation did not materialise. The Russian economy and the management turned out to be much stronger than they thought, he added.

Russias US$2.1 trillion (S$2.8 trillion) economy is forecast by the International Monetary Fund to grow 0.3 per cent this year, far below China and Indias growth rates but a much better result than was forecast when the war began.

Russia was turning to major Asian powers, e said, and will expand ties and build economic cooperation with countries such as India, Iran and Pakistan. REUTERS More On This Topic Beijing hopes peace between Russia and Ukraine can be Made in China Zelensky: Its obvious Ukraine wont be Putins last stop

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Microsoft CEO Satya Nadella’s annual pay jumps to $96.5 million

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Microsoft CEO Satya Nadella's annual pay jumps to .5 million

Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.

Gerry Miller | CNBC

Microsoft CEO Satya Nadella is getting a big bump in his compensation, as the company’s stock price has continued to rally, propelled by the boom in artificial intelligence.

Nadella’s total pay for fiscal 2025 climbed 22% to $96.5 million from $79.1 million last year, Microsoft said in a proxy filing after the close of regular trading on Tuesday. That includes more than $84 million in stock awards and over $9.5 million in Nadella’s cash incentives.

The pay plan is largely tied Microsoft’s share performance. So far in 2025, Microsoft’s stock price has risen by 23%, topping the S&P 500’s 15% gain. The shares have more than doubled in valued over the past three years.

Microsoft is scheduled to report results for the fiscal first quarter next week. In its fourth-quarter disclosure in July, the company reported better-than-expected earnings and revenue, with sales climbing 18%, the fastest growth in more than three years. Microsoft Azure business is driving expansion as companies’ cloud infrastructure needs grow to meet AI demand.

In fiscal 2024, Nadella’s pay jumped 63% from 48.5 million the prior year, with 90% of his compensation coming from stock awards. Nadella was eligible for a $10.66 million cash incentive last year, but he asked the board’s compensation committee to reduce that number to $5.2 million as a result of a series of cyberattacks that the company endured.

Despite Microsoft’s strong financial and stock performance, the company has seen turmoil among its workforce in recent months. In July, Nadella penned a memo to employees saying that the company’s elimination of more than 15,000 employees in 2025 had “been weighing heavily” on him.

Microsoft has also terminated several activist employees who protested the company’s work with the Israeli military.

WATCH: Microsoft is trending toward a $5T market cap, says Wedbush’s Dan Ives

Microsoft is trending toward a $5T market cap, says Wedbush's Dan Ives

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Chancellor looking at cutting energy bills in budget

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Chancellor looking at cutting energy bills in budget

Rachel Reeves will tell Cabinet colleagues she is considering measures to reduce household energy bills as part of her budget response to rising inflation, expected to reach 4% when official figures are announced on Wednesday.

Economists forecast that consumer price inflation (CPI) will have reached double the Bank of England’s target in September, driven up from the 3.8% recorded in August by rising fuel and food inflation.

Speaking ahead of publication of the figures by the Office for National Statistics, a Treasury spokesman said that bringing down inflation was a priority, and the chancellor would convene a meeting of key cabinet colleagues on Thursday to stress its importance across government.

The spokesman specified that action to bring down energy prices was among the options being considered, the strongest indication yet that action on soaring consumer bills will feature in next month’s budget.

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Has Rachel Reeves changed her tone on budget?

The chancellor is understood to be considering cutting the 5% VAT rate on bills to zero, a move that would save billpayers around £80 a year and cost £2.5bn to implement.

Labour’s manifesto promised it would cut bills by £300 a year, but the last Ofgem price review saw a small increase driven by policy costs, leaving the government under pressure to reduce the impact of domestic energy rates that are the second-highest in Europe.

The spokesman said: “The chancellor’s view is that tackling the cost of living is urgent, and everything is on the table – including measures to bring down energy bills. She’s getting the whole of government to play its part, it’s her number one focus.”

Chancellor Rachel Reeves. Pic: PA
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Chancellor Rachel Reeves. Pic: PA

The chancellor’s actions are a tacit acknowledgement that Wednesday’s inflation figures will be a difficult moment for a government that came to power promising to bring down the cost of living.

After peaking at more than 11% in October 2022, CPI returned to the Bank’s target of 2% in May last year, two months before Labour took office.

After briefly falling below 2% in September 2024 as higher energy prices from a year earlier dropped out of the calculation, it has marched steadily upwards, largely driven by energy and food prices.

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The Bank of England has forecast that this September’s figures will mark the peak of this inflation cycle for the same reason, with the Ofgem energy cap rising less this October than a year ago.

That underlines the importance of gas and electricity bills to household finances, the official figures and the government’s energy policy.

Campaigners and some energy companies have urged the government to bring down electricity bills by shifting levies for renewables and funding for social programs to general taxation, a move estimated to cost £6bn.

The Conservatives have said they would cut levies that currently pay for carbon taxes and older forms of renewable power subsidy, cutting bills by £165 a year.

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Police helicopter targeted with lasers by ‘mob intent on violence’ in Dublin

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Police helicopter targeted with lasers by 'mob intent on violence' in Dublin

A police officer has been injured after a night of violent protests outside an asylum hotel in Dublin – with six arrests made.

Bricks were thrown and fireworks were discharged outside the Citywest Hotel – with glass bottles used as missiles and a police van set on fire.

A Garda helicopter was also targeted with lasers, and the police service says some of those on the streets were seen carrying garden forks.

Pic: PA
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Pic: PA

Pic: PA
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Pic: PA

Commissioner Justin Kelly added: “This was obviously not a peaceful protest. The actions this evening can only be described as thuggery. This was a mob intent on violence.

“We will now begin the process of identifying those who committed crimes and we will bring those involved in this violence to justice.”

It is the second night of demonstrations after an alleged sexual assault in its vicinity in the early hours of Monday morning.

Some of the crowd threw stones and other missiles at the public order officers as they moved the protesters back – and water cannon was deployed at the scene.

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A line of officers was preventing the protesters from approaching the hotel.

Police officers block protesters outside the hotel. Pic: PA
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Police officers block protesters outside the hotel. Pic: PA

This protest felt different

There had been a small protest on Monday outside the former Citywest Hotel, now an asylum centre, but last night’s felt very different.

The 26-year-old man who allegedly attacked the young girl had appeared in court yesterday morning, charged with sexual assault. He can’t be named but an Arabic translator was requested. Anger grew online, and another protest was called.

It’s hard to get a clear estimate of numbers, partly due to the street geography around the former hotel, but it’s thought up to 2,000 attended. Most were peaceful, some were not. After a Garda van was torched, a major policing operation began.

The smell of fireworks hung in the air as youths hurled missiles at the Gardai. A Garda water cannon truck was deployed for the first time in the Republic of Ireland, parked visibly behind the riot officers.

I spoke to local residents who had reasonable concerns about the influx of asylum seekers to the community in recent years. Most did not approve of violent protest, but they articulated the anger and pain felt by many here after the attack on the young girl.

Although it has not been confirmed officially that the accused is an asylum seeker, most of the local residents had the same message: the enemy is not necessarily those who come to Ireland, rather it’s the perceived open-doors policy of the Irish government.

‘Those involved will be brought to justice’

Ireland’s premier, Taoiseach Micheál Martin, paid tribute to the officers who were on the frontline of the protests.

“There can be no justification for the vile abuse against them, or the attempted assaults and attacks on members of the force that will shock all right-thinking people,” he said.

Justice minister Jim O’Callaghan said those involved in the violence will be brought to justice.

“The scenes of public disorder we have witnessed at Citywest must be condemned,” he said.

“People threw missiles at Gardai, threw fireworks at them and set a Garda vehicle on fire.

“This is unacceptable and will result in a forceful response from the Gardai.

“Those involved will be brought to justice.”

‘No excuse’ for violence

The minister said a man had been arrested and had appeared in court in relation to the alleged assault in the vicinity of the hotel.

He added: “While I am not in a position to comment any further on this criminal investigation, I have been advised that there is no ongoing threat to public safety in the area.”

He said attacks on officers would “not be tolerated”, adding: “Peaceful protest is a cornerstone of our democracy. Violence is not.

“There is no excuse for the scenes we have witnessed.”

The demonstration on Monday night passed without a significant incident.

It comes two years after anti-immigrant demonstrators triggered a major riot in the centre of Dublin after three young children were stabbed.

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