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Latest Updates

News

Russia's meat and edible offal exports to China rose to more than 53,000 tonnes worth over $156mn in the first five months of the year, up 26% on the year, with pork forming the bulk of supplies.

Iran's head negotiator Mohammad Bagher Ghalibaf has rejected US claims that Iran's unfrozen assets will buy American farm goods, saying Washington exports only GMO soybeans, broken promises and trash talk.

Nigeria's government is now prioritising support for private domestic carriers and plans to launch the country's first direct cargo service to China

Russian petrol output reported as down by 25% as of late June.

The deal was secured through direct, closed-door bilateral negotiations with Russian President Vladimir Putin on the sidelines of the 35th Anniversary ASEAN–Russia Commemorative Summit.

Tech

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.

Ambitious new legal jurisdiction is aimed at attracting international technology companies by utilising legal certainty and regulatory flexibility rather than tax incentives.

Opinion

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.

Armenian PM Nikol Pashinyan secured a decisive election victory, resilient pro-Russian opposition could slow his efforts to advance peace with Azerbaijan and deepen ties with the West, says Carnegie Politika analysis.

Syria envisioned as key cog in new energy distribution network.

Data

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.

Fuel prices rose in all EU member states, with the steepest increases recorded in Bulgaria, Luxembourg, Lithuania and Romania.

The figure is the highest value for a first quarter since the Real Estate Price Register was established.

Middle East conflict and slower real income growth are limiting consumption growth, ING analysts said.

While Western central banks rely on adjusting benchmark interest rates to cool down hot domestic economies, the Monetary Authority of Singapore utilises the nominal effective exchange rate as its primary policy tool.

Features

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.

Colombian markets were upbeat on De la Espriella's victory. But two economists tell IntelliNews the celebration may be premature, with deep state cuts, fracking and a harsh security crackdown carrying steep hidden costs.

Security forces boost detention numbers by holding 44 bird watchers who crossed paths with a mining protest.

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

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.

Romania had 332,684 prosumers connected to the electricity grid as of April 30, with a combined installed capacity of 3,789 MW, according to energy regulator ANRE.

Across Asia, governments are now accelerating approvals for renewable projects and grid modernisation schemes. Battery storage investments are making headlines almost daily.

Several international companies have purchased the first carbon credits generated by local farmers in Lithuania.

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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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