News
Czech Pilsner hikes beer prices by 2.6% over Hormuz crisis impact
Iconic Czech brewery responds to rising costs of material and commodities in connection with the conflict in the Middle East.
Polish Olympic chief detained as Zondacrypto probe widens
Polish Olympic Committee president Radosław Piesiewicz was detained in the investigation into collapsed cryptocurrency exchange Zondacrypto.
Turkey opens investigation after veteran analyst Timothy Ash makes “sociopathic leaders” remark at investor event
Well-known commentator says reference to President Erdogan was “a genuine slip of the tongue, which I retracted immediately.”
Turkey’s Halkbank has bagged $1.1bn from foreign markets since US ended Iran sanctions-busting case
Resolution of legal saga triggered “rapid increase in number of counterparties” willing to extend credit.
Rwanda diversifies sovereign borrowing with debut yen facility, raising $190mn
Blended financing backed by multilateral guarantees is central to Rwanda’s strategy of containing borrowing costs, smoothing repayments and protecting debt sustainability.
Wildberries founder Tatyana Kim Russia's richest women again for fifth time
The combined wealth of Russia's 20 richest women has fallen by $6.8bn over the past year, and the number of billionaires among them has more than halved.
Bosnian Serb wartime commander Ratko Mladic reportedly dies aged 84
Ratko Mladic, the former commander of the Bosnian Serb army who was convicted of genocide, crimes against humanity and war crimes during the 1992-95 Bosnian war, has died.
Hungarian construction giant files for bankruptcy protection after state pulls out of €870mn office deal
Peter Magyar's new government is reviewing state contracts and spending commitments made under the previous cabinet.
Opposition politician says Georgia "no longer part" of EU enlargement agenda
EU Commissioner for Enlargement Marta Kos recently outlined the bloc's enlargement plans without mentioning Georgia.
Slovenia blocks joint EU statement condemning Israeli settlement plans
Under PM Janez Jansa, Slovenia makes u-turn from pro-Palestine to Europe's strongest supporter of Israel's Benjamin Netanyahu.
Nepal secures World Bank pledge for flood recovery
Nepal's Ministry of Finance said international partners have offered coordinated financial support for flood response and rebuilding efforts across affected regions, as the government moves to channel emergency aid following widespread damage.
India’s Yes Bank withdraws planned $500mn US dollar bond issue amid higher yield demands
Investors were seeking yields 30-40 basis points higher than normal after the Reserve Bank of India brought forward the closure of its dollar deposit window.
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Former Taliban commander admits destroying Bamiyan Buddhas
A former Taliban commander and provincial governor has admitted taking a direct part in the destruction of the Bamiyan Buddha statues, saying he has no regrets.
Vietnam Techcombank weighs 15% stake sale to foreign bank
The possible transaction comes as international banks deepen their presence in Vietnam’s financial sector.
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SDF dissolves, fully integrates into Syrian state institutions
The Syrian Democratic Forces (SDF) announced on August 25 that it would end its role as an independent military force and integrate its military and security institutions into the Syrian state under an agreement with the government in Damascus.
Turkish garment giant LC Waikiki launches first production plant in Syria
Plant established on outskirts of Aleppo, inside newly reactivated Al-Rai Industrial City.
CIA chief flies into Moscow as Ukraine holds drones fire for three days
The CIA's director spent seven hours in Moscow on August 25, and Ukraine stopped attacking the Russian capital for three days so that his plane could land.
Ukraine is slowly losing the war – Fedorov
Ukraine is losing the war slowly and has months, not years, to change course, according to the defence minister sacked in July.
EPP, Renew Europe urge EC to withhold Romania’s €770mn RRF funding over Integrity Law
Politicians warn of risk €770mn payment could "unintentionally contribute to the undermining of the undermining of Romanian democracy".
South Korean bank targets tech growth with $720mn loan
The joint deal targets small and medium-sized enterprises and venture firms in semiconductors, physical artificial intelligence and AI data centres.