News

Brazil’s GDP to slow to around 2% in 2025 on structural challenges, say IMF and OECD

bnl Sao Paulo bureau June 4, 2025

International financial institutions have revised Brazil's GDP growth projections for 2025, with the IMF predicting now higher growth than in the last forecast, at 2.3%, and the OECD forecasting that GDP is to expand 2.1%.

Regime order goes out to clear images of jailed mayor Imamoglu from Istanbul

Akin Nazli in Belgrade June 4, 2025

Ban on materials featuring Erdogan's chief political rival applied to all public transport in city.

Brazil’s Lula state visit to France to focus on climate and trade

bnl Sao Paulo bureau June 4, 2025

Brazilian President Luiz Inácio Lula da Silva has landed in France to begin a state visit scheduled until June 9, with trade and climate hot topics on his agenda.

Resurgent Shiite groups in Syria fire rockets into Israeli-controlled Golan

bna Cairo Bureau June 4, 2025

Israel's military has said that two rockets were launched from Syria and landed in uninhabited areas inside Israeli-controlled territory.

Colombia secures UN Security Council seat as Latin America strengthens global voice

Cynthia Michelle Aranguren Hernández June 4, 2025

Colombia secured election to the United Nations Security Council for a two-year term beginning 1 January 2026, marking the nation's eighth appointment to the body's rotating membership, according to results announced on June 3 by the General Assembly

Iran's Supreme Leader rejects US nuclear proposal

bnm Tehran bureau June 4, 2025

Iranian top cleric Ayatollah has publically said Iran would not back down on nuclear enrichment in a direct message to the public on June 4.

Orban vows to “do everything” to keep Ukraine out of the EU

bne IntelliNews June 4, 2025

Hungarian Prime Minister Viktor Orban has vowed to “do everything” in his power to prevent Ukraine from joining the European Union, he said in a social media post on June 3, escalating tensions over the bloc’s enlargement policy.

Hungary's MOL signs onshore exploration agreement with Azerbaijan's SOCAR

bne IntelliNews June 4, 2025

MOL has signed key terms for an exploration, development and production sharing agreement with Azerbaijan’s state oil company SOCAR for the Shamakhi-Gobustan region of the country.

Kosovo's EU bid depends on dialgue with Serbia and functioning institutions, says Commissioner Kos

Iulian Ernst in Bucharest June 4, 2025

Kosovo remains the only Western Balkan country without EU candidate status.

Vote of confidence on Tusk’s government set for June 11

bne IntelliNews June 4, 2025

Polish Prime Minister Donald Tusk will seek a vote of confidence in his government on June 11, following the narrow defeat of his presidential candidate Rafał Trzaskowski in the June 1 run-off election.

Lee Jae-myung takes office as South Korean president after snap election

bno - Jakarta Office June 4, 2025

He stepped into the role at 6:21 am local time, immediately succeeding acting President Lee Ju-ho without a transition period, due to the abrupt election triggered by the impeachment of former President Yoon Suk Yeol.

FBI disrupts attempt by Chinese academics to smuggle crop-killing fungus into US

bno - Taipei Office June 4, 2025

Upon investigation, the material was identified as Fusarium graminearum, a fungus known to devastate crops such as wheat, barley, maize and rice, and to produce toxins harmful to humans and livestock.

BP acquires stakes in Karabagh and ADUA blocks, approves $2.9bn Shah Deniz Compression project

Cavid Aga in Ankara June 4, 2025

BP has deepened its presence in Azerbaijan’s offshore oil and gas sector with two major moves.

Russia’s Gazprom has quietly shelved Turkey gas hub plan, says report

bne IntelliNews June 3, 2025

Project praised by Putin no longer seen as viable, sources at energy giant cited as saying.

Venezuela and Iran deepen trade ties to circumvent sanctions at Caracas forum

bne intellinews June 3, 2025

Venezuela and Iran moved to reinforce their bilateral cooperation during a business forum held in Caracas on June 2, with senior officials from both nations discussing new trade and technology initiatives.

Ukraine’s secret services hit Kerch bridge with a 1,100kg bomb

Ben Aris in Berlin June 3, 2025

Ukraine’s security services have claimed responsibility for a major underwater explosion that damaged the Kerch Bridge on June 3, the critical road and rail link between Russia and the occupied Crimean peninsula.

Mongolia’s PM loses confidence vote in rapid reversal of fortunes

Michael Kohn June 3, 2025

Oyun-Erdene Luvsannamsrai set out to end corruption – but it was questions over his own wealth that proved his undoing.

El Salvador president attacks NGOs and press in defiant anniversary speech

Mathew Cohen June 3, 2025

El Salvador's President Nayib Bukele delivered a defiant speech marking one year since his re-election, dismissing criticism of his authoritarian approach while doubling down on his controversial security policies.

Iranian FM in Beirut for talks on stability and reconstruction

bnm Tehran bureau June 3, 2025

Iran's Foreign Minister, Abbas Araghchi, arrived in Beirut on June 3 to meet with the new government.

Moody’s warns of Brazil’s rising debt burden, downgrades credit outlook

bnl Sao Paulo bureau June 3, 2025

Brazil’s debt affordability is deteriorating and progress on fiscal reforms has proved slower than expected, clouding the sovereign credit outlook, credit rating agency Moody’s said.

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