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News

The UAE says Iran fired 2,819 missiles and drones at the country over 40 days and demands Tehran be held fully liable for damages. Abu Dhabi seeks clarification on the ceasefire and calls for unconditional reopening of Hormuz.

Oman has said it will not impose the $2mn transit fees on vessels passing through the Strait of Hormuz that were part of the two-week ceasefire deal agreed on April 7, reaffirming its adherence to longstanding international agreements.

Lithuania’s governing coalition is expected to hold together despite mounting disagreements over plans to build a new military training ground in Kapciamiestis, leaders of the ruling parties, the SD.

The Israel Defense Forces confirmed it had conducted its broadest attack against Hezbollah in Lebanon since the start of the ongoing war.

Kuwait says its air defences dealt with 28 Iranian drones since 8am, with strikes causing significant damage to oil infrastructure, power stations and water desalination plants in the south of the country.

Tech

UK tech professionals rank 15th out of 34 countries for salaries, with AI augmenting roles rather than replacing them, Hays finds. Security engineers rank fourth globally for pay while Java contractor rates place third.

Yandex (YNDX) holds around 70% of all search queries in Russia, consolidating its position as the dominant domestic search engine and outpacing global rival Google, according to motoram.ru.

A7 is reportedly preparing to expand into Africa, including a planned launch in Togo, while already operating in Nigeria and announcing a presence in Zimbabwe.

Russia has launched a major crackdown on the use of VPNs as part of a wider move to establish control of the Internet in the country.

Russia’s largest electronic procurement platform B2B-RTS announced it will proceed with an IPO on the Moscow Exchange.

Opinion

Georgia's headline GDP growth figures conceal a more troubling reality: the factors that drove the economy's expansion since 2022 were largely temporary and are already beginning to fade.

Hungary’s parliamentary elections on April 12 would, under normal democratic conditions, point towards a change of government, but the country’s political system no longer operates on conventional terms.

Public discourse can appear disproportionately animated by US culture wars, US electoral cycles and US policy fashions. Foreign sports coverage on local media essentially means NBA or Major League baseball reports.

Erosion of Moscow’s influence in Balkans and South Caucasus creates an opportunity for Europe to expand its strategic role, says Carnegie Europe paper, but authors warn retreat is unlikely to be permanent.

A chorus of analysts and traders have spent recent weeks warning that oil prices will spike. But market is foward-looking and has already priced in the worst case. $200 oil won't happen.

Data

Bulgaria records the EU's highest annual industrial producer price growth at 7.3% in February, highlighting cost pressures in the bloc's newest eurozone member just months after adopting the euro on January 1.

Consumers last year rushed for gold as investment as world prices shot upwards.

The National Bank of Poland expanded its gold reserves to just over 583 tonnes in March, taking advantage of a sharp correction in global gold prices.

Central bank’s forward guidance showed a clear shift in tone: inflation risks are now tilted to the upside in the short term, effectively pushing expectations for monetary easing further into the future.

Iranian Light crude is trading at a $1 premium to the benchmark Brent price since the US waived a sanctions-ban on buying Iran crude already at sea to ease prices on the international market.

Features

There’s no quick fix to a dilemma made worse by increasingly frequent dust storms.

Policymakers, businesses and households are bracing for potential spillover effects as higher energy costs begin to filter through the economy.

US consumers are coming under increasing pressure as the effects of the energy shock from the Gulf War ripple amounts across the world.

The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.

The war in Iran has delivered a systemic shock to global energy markets, but few regions have felt the strain as acutely, or quite as quickly, as Southeast Asia.

Blogs

Nikol Pashinyan made unusually blunt comments to Russian President Vladimir Putin during his visit to Moscow.

Superficially the war in Iran has dealt Ukraine a huge blow. The White House is now completely distracted, and the Trump administration seems to have abandoned, or at least paused, the ceasefire negotiations with Russia.

Strong pro-Palestine sentiment in Slovenia causes alleged interference by Israeli private security firm ahead of general election to backfire.

For more than 3,000 years, Nowruz has been Iran's national festival, but this year's war has darkened the mood.

US Commander-in-Chief, meanwhile, says he told Netanyahu “don’t do that”. But he did do that.

bneGREEN

A new energy pathway is emerging for developing economies, one that challenges the assumption that fossil fuels are a prerequisite for growth, according to a new report by Ember.

German-Bulgarian solar photovoltaic developer Sunotec has secured a structured equity investment from funds managed by Blackstone’s Tactical Opportunities unit to support its expansion across Europe.

The world could face a severe shortage of chocolate by 2050 as climate change disrupts cocoa production in key growing regions, according to scientific estimates and industry data.

Serbia’s state power utility EPS has begun trial operations of a flue gas desulphurisation unit at its Nikola Tesla B coal-fired power plant, part of efforts to curb emissions and align with European environmental standards.

A year ago this week, Spain’s grid ran entirely on renewable power for a full day for the first time ever. Wind, solar, and hydro met all the peninsula’s electricity demand on April 16.

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