News
North Korea's sanctions-busting economy books a $22bn windfall since the Ukraine war began
North Korea has earned up to $22bn in foreign currency since 2022, new estimates show, driven by cyber theft, arms sales to Russia and easing isolation.
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Colombia inaugurates hardline lawyer Abelardo de la Espriella as president
Colombia inaugurates president-elect Abelardo de la Espriella, a hardline criminal defence lawyer nicknamed “the Tiger,” on August 7, ending four years of leftist government and swinging Bogota firmly toward Washington.
Ukraine loses more than half its Kyiv-region warehouse space to Russian strikes
Russia has destroyed more than half of the Kyiv region's pre-war warehouse capacity since its full-scale invasion began, after strikes overnight on August 5 hit 10 warehouse facilities totalling about 100,000 square metres, according to Ukrainian...
Europe demands Turkey certify its gas exports are not Russian in origin
European buyers are demanding that Turkey provide documentation proving natural gas transported through Turkish territory is not of Russian origin, Turkish Energy Minister Alparslan Bayraktar said in an interview.
ADNOC Logistics & Services acquires 11 gas and crude tankers
ADNOC Logistics & Services announced that it has acquired 11 gas and crude oil tankers for $1.3bn, in a move meant to support ADNOC's growing production, trading and export operations.
Singapore selects Israel Aerospace Industries' missile system for its largest warship
Selection of the Blue Spear highlights Israel's growing role as a supplier of advanced naval strike systems to Indo-Pacific defence forces.
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Teen gunman dead after Thailand school shooting ends with six killed
At least six people have died in a school shooting on the outskirts of Bangkok, according to reports from Thailand citing local police.
Azerbaijan's foreign minister backs Ukraine energy security, floats gas supply option
Baku is positioning itself as a supplier of gas to Europe and, potentially, to Ukraine.
Businessman warns Albania faces arbitration over stalled Vlora airport concession
Behgjet Pacolli said his company Mabco Constructions could pursue international arbitration against Albania after the government launched procedures to terminate the concession contract for Vlora International Airport.
UK-funded, British Steel-supplied Ankara-Izmir railway project quarter complete after 13 years
Six Turkish transport ministers have come and gone in its time. Completion originally targeted for 2016.
Russia moves North Korean missile unit into Voronezh region, Ukraine says
Russia is preparing to station a missile unit made up of North Korean troops in the Voronezh region, Ukraine's Main Intelligence Directorate said on August 5, according to Reuters. The roughly 90-strong unit is to be folded into Russia's 112th...
Ukraine's ex-ambassador to Washington charged with illicit enrichment in widening corruption purge
Ukraine's National Anti-Corruption Bureau and its Specialised Anti-Corruption Prosecutor's Office have charged former Washington ambassador Olha Stefanishyna with illicit enrichment tied to a cut-price Kyiv apartment purchase, two days after she...
Ukraine turns to hunting Russia's missile launchers as its interceptors run dry
Russia fired 24 ballistic missiles, four Zircon or Onyx cruise missiles and 115 drones at Kyiv and the surrounding region overnight on August 5, killing 17 people and injuring 44, part of a pattern of attacks that has pushed Ukraine, now out of...
Trump skyscraper in Dubai enters next construction phase
Trump International Hotel & Tower, Dubai, has entered its next phase of construction following the award of its podium construction contract.
Israel receives largest-ever submarine from Germany
Israel has received its largest and most expensive submarine, with ThyssenKrupp Marine Systems TKMS completing delivery of the IMS Drakon to the Israel Navy.
Argentina renews $19bn China swap line for five more years
Argentina’s central bank has renewed its currency swap agreement with the People’s Bank of China for five years, extending the facility to 2031 and locking in more than $19bn of support for the country’s international reserves.
Moldova warns investors against privatisation deals in separatist Transnistria
Moldova does not recognise the legitimacy of privatisations by the separatist authorities in Transnistria, and potential buyers risk losing their entire investment, Deputy Prime Minister for Reintegration Valeriu Chiveri warned.
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Turkish refiner Tupras orders four tankers from Korea's Daehan, Samsung for $370mn
Company has also purchased a second-hand Aframax tanker undergoing work at a Chinese CSSC subsidiary for $90mn.
Serbia races to secure fuel supplies as historic Danube drought threatens imports and agriculture
Serbia is facing growing pressure on its energy and agricultural sectors as record-low water levels on the Danube disrupt fuel imports and deepen concerns over the impact of a prolonged drought.
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Packaging maker Barem joins lengthening list of Borsa Istanbul companies filing for court protection from creditors
Series of bankruptcy declarations and defaults casting shadow over stock exchange.