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Greek shipowners earnt $4bn from Russian oil trade sanctions busting - FT

Greek shipping companies have earned at least $3.8bn transporting Russian crude oil since mid-2023, as a leading member of Russia’s shadow fleet, the Financial Times reported on July 7.

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Woman wanted over Monaco bombing of sanctioned Ukrainian tycoon found shot dead near Kyiv

Two men detained over the killing of Anastasiia Berezovska — among them a serving military intelligence officer — Ukrainian media report, deepening the mystery around the attack on Vadym Iermolaiev.

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INTERVIEW: Uzbekistan's largest lender bets on retail banking as reforms transform financial sector

The National Bank of Uzbekistan, the country’s largest commercial bank, is betting that the next phase of the country's economic transformation will be driven not by state-backed megaprojects but by households and small businesses.

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Why Europe is looking towards Central Asia

The developing world is no longer catching up. In several critical areas, it has pulled ahead — and the institutions that built the modern financial system are only now beginning to understand what that means for them.

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Beijing raises stakes in economic clash with Tokyo

Beijing expanded its economic pressure campaign against Tokyo in late June, imposing immediate outbound trade limits on 40 Japanese enterprises and state-run scientific bodies.

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The EDB's next frontier: Uzbekistan and the future of Central Asian integration

Only a year after becoming the Eurasian Development Bank's seventh shareholder, Uzbekistan has quickly become one of the institution's strategic priorities.

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Krško second reactor remains central to Slovenia’s energy strategy in shifting political landscape

New government to accelerate JEK2 project to as one of Slovenia’s key strategic energy projects, energy ministry tells IntelliNews.

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India's new diplomacy of trade deals

Between 2021 and 2026 India’s geoeconomic policy has been pivoting towards free trade agreements as its central pillar, especially with partners that fall into the category of developed nations.

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Argentina says it can meet 2027 debt without returning to global markets

Afreximbank chief says fair credit ratings are key to Africa’s industrialisation

Banks lift South Korean growth forecast on AI chip boom

Argentina says it can meet 2027 debt without returning to global markets

Argentina's government said on July 6 it has sufficient financing sources to meet its 2027 debt obligations without issuing new international bonds, as Economy Minister Luis Caputo unveiled a new financial programme.

Afreximbank chief says fair credit ratings are key to Africa’s industrialisation

In 2025, Botswana, Morocco and Mauritius were the only African countries with investment-grade sovereign ratings; some are not rated at all and are excluded from accessing international capital markets.

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News

Fighting broke out between inmates from two rival drug gangs, with authorities later linking the initial trigger to tensions surrounding an inmate alleged to have passed information about a drug-trafficking operation to authorities.

Private sector credit growth in Bangladesh rose marginally to 4.98% in May from 4.75% in April, but continued weakness in business borrowing is prompting banks to rely increasingly on government securities to sustain earnings.

In a single day, the most prominent political rival to President Recep Tayyip Erdogan, jailed mayor of Istanbul Ekrem Imamoglu, was scheduled to defend himself across three separate criminal proceedings.

Cuba's national electric system suffered yet another total collapse on July 6, the state-run Cuban Electric Union (UNE) said, the latest in a string of islandwide blackouts to hit the country since late 2024 as a US blockade on oil shipments sq

Sixteen companies raised a combined TRY24.6bn on Borsa Istanbul in the first half of 2026, led by software firm Netcad Yazilim's 185.8% gain, with seven more listings expected in July.

Tech

Medium and large e-shops in Czechia and Slovakia plan investments into growth and marketing and eye expansion abroad, according to a survey by Seyfor in Slovakia.

Kazakhstan’s planned Alatau City aims to become Central Asia's crypto capital, with major partners onboard and $6bn in investment secured.

Oman's spaceport operator Etlaq has signed a letter of intent with France's Latitude for an experimental rocket launch targeted for late 2027. Find out how the deal fits Oman's push to become a regional space hub.

The World Semiconductor Trade Statistics has significantly upgraded its global outlook, forecasting semiconductor sales to jump 90% year on year to $1.51 trillion in 2026, before expanding a further 27% to around $1.9 trillion in 2027.

State Security Service says the radicalisation of young people is becoming an increasing concern, reflecting a wider trend seen across Europe as extremist groups use online platforms to recruit vulnerable individuals.

Opinion

Iran’s central bank is squeezing liquidity to defend the rial, meeting under a fifth of banks’ funding demand as inflation hits 57.7% and money supply growth tops 53% after the war with the US and Israel.

Trump has broken with the paradigm of the rules based international order and is causing chaos with his “America first” approach. But actually he has four approaches to reforming international bodies: retreat, rebel, replace and reform.

The minerals are there but the planned scale of production requires a dozen or more new processing plants.

The two countries have long been on a collision course over their differing interpretations of WWII history, but why did the clash happen now?

Europe’s rapid push into defence technology risks undermining its own security ambitions unless policymakers develop a coherent strategy, says Carnegie Europe report.

Data

Financial worries rose in seven of eight countries year on year and now tie with health as the top global concern, German insurer Allianz said, with just 5% describing themselves as financially secure.

Acquisitions of Carrefour Romania, Evryo Group and Garanti BBVA Romania were the three largest transactions, according to the latest EY Romania - Parthenon analysis.

Sukuk account for 67% of the Islamic finance industry, while Islamic banking assets make up 30%.

Tehran's metro logged more than 9mn journeys in 24 hours as over 6mn mourners packed the Grand Mosalla for Khamenei's funeral ceremonies, with the municipality housing up to 4mn pilgrims and a city holiday set for July 7.

The services sector remained the main driver of growth, expanding 8.89% in the first six months. It accounted for 54% of GRDP and contributed 56% of overall economic growth.

Features

The collapse of the American and Israeli campaign against Iran has reset a regional balance and helped make the emerging multipolar order visible, with lessons for the limits of force and the future of Greater Eurasia.

With higher rabi/summer rice output expected in MY 2025-26, procurement by government agencies is likely to run through till September 2026. As a result, total rice procurement in MY 2025-26 is projected to reach 58mn tonnes.

China's flagship port just lost its shield. A Lima court stripped COSCO of regulatory immunity at Chancay, echoing Washington's Panama playbook. But a graft trail through Peru's own port officials suggests sovereignty was never the only motive.

"That is not a gap in the market; that is a market," says central bank fintech expert, pointing to the millions of consumers underserved by traditional banking.

At the centre of the issue is scale. Japan holds around $1.2 - $1.24 trillion in US government debt, a figure almost double the amount held by neighbouring China – itself locked into a protracted sell-off of the same US Treasuries in recent months.

Blogs

Brussels’ South Caucasus policy has shifted as it seeks to secure regional stability, expand transport corridors and reduce Russian influence.

A bomber targeted Ukrainian real estate mogul and online scammer yesterday in Monaco, the principality’s first ever terror attack, in the latest of a string of alleged SBU assassinations overseas.

Serbia's President Aleksandar Vučić has confirmed he will resign within weeks, signalling the start of an election campaign that could reshape the country's political landscape.

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".

bneGREEN

The Tisza-government has introduced new regulations aimed at accelerating wind power development by easing long-standing restrictions on new projects financed from the EU's RRF scheme.

Thailand has secured more than $4.1bn in investment commitments for its electric vehicle industry, reinforcing its position as Southeast Asia's leading automotive manufacturing centre.

ADB says emissions reductions in Azerbaijan's transport sector can be achieved through a modal shift toward rail, the adoption of cleaner fuels and energy efficiency measures.

The world's oceans reached their highest average June surface temperatures on record this year, underscoring growing concern among scientists that the planet is entering a new phase of climate instability in which extreme weather events become normal

Rain briefly brought relief from high temperatures, but it left behind flooded streets and disrupted traffic.

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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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