News
US President Biden signs advanced nuclear development bill
US President Biden has signed into law the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act, aimed at reducing licensing times and cutting processing fees to support the development of an advanced nuclear reactor.
Iraq halts financial transactions in Chinese yuan under US pressure
Iraq has decided to stop using the Chinese yuan for financial transactions following a directive from the US Federal Reserve.
Nato directly accuses China of supplying Russia with arms for the first time
Nato directly accused China of supplying Russia with arms and ammunition for the war in Ukraine for the first time in a declaration released during the current Nato summit in Washington, The New York Times (NYT) reported on July 10.
Chinese electric vehicle maker BYD signs agreement to build $1bn production plant in Turkey
New plant is expected to begin production at the end of 2026 and create about 5,000 jobs.
Nato summit kicks off with fresh weapon supply promises for Kyiv
During the opening of the Nato Summit in Washington to celebrate the organisations 75th birthday US President Joe Biden announced a “historic donation” of air defence systems for Ukraine to bolster its ability to counter Russian strikes.
India-Russia summit highlights burgeoning nuclear energy cooperation
According to a joint statement released after the conclusion of the 2024 India-Russia bilateral summit, New Delhi and Moscow are set to bolster their civil-nuclear cooperation
Venezuelan presidential campaign shadowed by media censorship allegations
Venezuela's presidential campaign officially kicked off on July 4, yet months prior, both government and opposition factions have crisscrossed the country, rallying support ahead of the upcoming polls. However, their media treatment starkly contrasts
Modi spends a busy day doing deals with Russia
Prime Minister Narendra Modi spent a busy day with his Russian counterparts negotiating energy and business deals and hobnobbing with Russia’s elite as India seeks to deepen an already friendly partnership with Russia to fuel India's growth.
Carlos Slim's Carso Group invests $1.2bn in Mexican gas field development
Carlos Slim, Mexico's wealthiest individual, through his conglomerate Grupo Carso SAB, is poised to inject $1.2bn into the development of the Lakach gas field situated in the Gulf of Mexico.
Mental illness in Russia hits 10-year high due to war, propaganda and long COVID
In 2023, 460,400 people in Russia were diagnosed with mental disorders, surpassing pre-COVID levels and marking the highest incidence in the past decade.
Vale picks mining veteran to lead base metals and increase production
Vale SA has chosen Shaun Usmar to lead its base metals division, aiming to increase copper and nickel production. The appointment is not finalised and could change.
Poland signs wide-ranging security deal with Ukraine
Poland will continue military assistance to Ukraine for “as long as it takes”.
Hungary to face international blowback after Orban's controversial "peace missions"
Concerns have been raised about Orban's ambiguous statements and the use of the EU presidency logo during his trips to Kyiv, Moscow and Beijing, suggesting he represented the EU rather than just Hungary.
South Asia hit by floods and landslides after heavy rainfall
Bangladesh, Nepal and parts of India have been hit by floods as intermittent heavy rains continue since May. Although an annual occurrence, the floods and associated extreme weather events like cyclones cause widespread death and loss to property
Parade of Serbian army troops in Bosnia sparks outrage among Muslims
The march of Serbian soldiers was seen as a fresh provocation made by the secessionist leaders of Bosnia’s Republika Srpska.
Over 100 reported dead after mass missile attack on Kyiv and other Ukrainian cities
Russia launched its deadliest missile attack in months on Kyiv and several other cities across Ukraine on July 8, killing over 100 people.
Iran, Russia sign deal to share ATM networks
The governor of the Central Bank of Iran (CBI), Mohammad Reza Farzin, announced on July 6 that Iran and Russia are set to use their national currencies in trade and connect ATM networks by August.
Orban’s new right-wing alliance meets legal threshold to set up faction in EP
The big question is whether France’s National Front is ready to join the new alliance with its 30 MEPs, following its defeat in the French general elections on Sunday.
Orban admits visit to Moscow was organized in utmost secrecy in days after visit to Kyiv
Hungarian leader heads to Beijing for next visit, exploiting platform as rotating European Council president to follow his own foreign policy, to fury of European Commission.
Kyrgyzstan says it thwarted coup attempt
Speculation plotters were linked to terror group that carried out March 2024 attack in Moscow.