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News

US air strikes on Iran's southern coast are a clear violation of the war-ending memorandum and the UN Charter, Iran's foreign ministry says, in a sharp escalation a week into the process meant to end the war.

Small modular reactors are increasingly being seen as the future of nuclear power in Africa, with a growing number of countries viewing the technology as a way to expand electricity access and support long-term economic development.

Iran has condemned a joint US-GCC statement as interventionist, after Gulf ministers and Marco Rubio hardened their position on Iran's missiles, drones and the Strait of Hormuz at a meeting in Manama.

ONHYM will have expanded financing powers as the state advances the $25bn Africa-Atlantic Gas Pipeline, a 6,900-km project expected to transport Nigerian natural gas to Morocco via 13 West African countries.

Flight-tracking data showed a US Air Force KC-135R tanker that left Tel Aviv transiting Gulf airspace over the UAE, hours after Iran warned over the movement of Israeli military aircraft towards its territory.

Tech

South Korean industrial conglomerates are expanding their partnerships with US chipmaker Nvidia to embed artificial intelligence across advanced pharmaceuticals, manufacturing, and robotics.

Official tells parliament companies should "not have the right to exploit the psychology of our children" in Azerbaijan.

Russia is weighing tighter rules on M2M SIM cards and eSIMs, including extra user ID checks, the removal of voice and SMS functions, and a possible ban on registering foreign eSIMs, in a further tightening of internet control.

Agreement adds a new connectivity route for Armenia, as Baku and Yerevan continue to implement post-conflict normalisation.

Uzbekistan's fintech sector is entering a new stage of development. Companies are seeking to build integrated digital ecosystems that combine banking, payments, lending and ecommerce.

Opinion

Tensions in the Kremlin are rising as the economy tanks and trust in the president is starting to wane. There is a growing consensus it’s high time to end the war in Ukraine.

Country’s dependence on Russian gasoline gives it short-term supply stability but leaves it structurally exposed.

Below is the text of an article by Russia’s veteran Foreign Minister Sergei Lavrov that was originally planned to be published in the Brussels-based Politico-Europe outlet, but according to reports was pulled at the last minute by editors.

Ukrainian drone strikes on transport links and fuel depots have succeeded in creating acute fuel shortages and blackouts across the Russian-occupied Crimean peninsula. Russia is losing the war! We have been here before.

If the last twelve months have taught the European Union anything, it is that it must now stand on its own two feet. As economic pressures mount in an increasingly polarized world order, the EU must breathe new life into its struggling businesses.

Data

Ruling party AKP has taken over 27 municipalities that were won by CHP in elections.

Philippine banks are likely to face higher credit losses and weaker profitability as economic headwinds intensify.

The findings published as President Aleksandar Vucic faces persistant of anti-government protests and growing scrutiny over the state of Serbia's democratic institutions ahead of possible early elections later this year.

Goldman Sachs anticipates no easing throughout remainder of year given inflation expectations.

Iran's economy contracted 0.7% in the year to March, preliminary Central Bank of Iran estimates show, as construction fell 15.8% and agriculture 4.2%, with only the oil sector and services posting growth.

Features

Until now, a cutting satirical set from Deniz Goktas was kept behind closed theatre doors. But an upload has just gone viral. The authorities' reaction is awaited by anxious fans.

Russia's brief fiscal reprieve from the Gulf war is already coming to an end. A surge in oil prices in the last months looked like it would bail the Kremlin out which is increasingly struggling to pay for the war in Ukraine.

Ukraine's expanding drone campaign against Russia's oil industry is testing the Kremlin. Can it keep the domestic economy functioning after more than four years of war as its cash cow industry takes a painful pounding.

A framework agreement between Washington and Tehran has already pulled oil prices lower, but Erste Group's quarterly outlook warns the inflationary scar tissue from the conflict will outlast the crisis itself across the world.

This year’s St Petersburg International Economic Forum (SPIEF) was considered a flop as few international companies bothered to make the trip. However, some $100bn worth of deals were signed with Global South companies.

Blogs

The efforts to bring the war in Ukraine to an end have stalled in the face of an escalating exchange of drone and missiles and the stalemated EU efforts to mediate.

Prime Minister Edi Rama’s government has been targeted by a wave of mass protests dubbed the "Flamingo Revolution".

The E3 European leaders met in London over the weekend to thrash out a new formula to take to the Kremlin and end the war in Ukraine. Unfortunately, the document they produced takes us all the way back to the very beginning of the process.

What began as an environmental campaign against the planned development linked to Donald Trump's son-in-law Jared Kushner has rapidly evolved into a broader protest movement.

He’s passionate but ultimately dull. While he’s directing matters, the regime can happily go about dismantling the opposition.

bneGREEN

The disruption to global energy markets caused by the conflict in the Middle East has triggered an unexpected resurgence in coal demand, as energy security fears outweigh Climate Crisis commitments.

Hungary's Szeged has become a laboratory for one of Europe’s most ambitious urban geothermal transitions.

Forecasters expect the heatwave to peak on June 28, with temperatures in the west and parts of central Poland likely to reach 38-40C and possibly challenge the country’s all-time heat record.

A Eurasianet partner post.

Villages in northern France have been sweltering this week as temperatures topped a record breaking 43°C in what is already clearly going to be the fourth hottest year in recorded history.

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Nato General Secretary Mark Rutte warned that the West needs to prepare of the possibility that Chinese President Xi Jinping will ....

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