News

Missile War Monitor: Russia cuts power to 350,000 families in Odesa

Ben Aris in Berlin September 3, 2026

A massed Russian missile and drone attack on Odesa region's backbone energy assets cut power to more than 350,000 families, grid operator DTEK Odesa Grids said, on September 2.

India bank unions announce strikes over five-day week, PLI scheme

IntelliNews - Mumbai bureau September 3, 2026

The forum, which represents more than 90% of India's banking workforce, has called a one-day strike on September 11, followed by a three-day strike from September 28-30. It has threatened an indefinite strike from October 26.

Africa’s last holdout: Eswatini’s Chinese dam project exposes limits of Beijing’s pressure over Taiwan

Brian Kenety September 3, 2026

Eswatini is one of only a dozen countries in the world with formal ties with Taiwan. Its $136mn Mpakeni Dam, being developed by Chinese contractors, embodies the limits of Beijing's diplomatic isolation.

Poland approves critical raw materials exploration programme

Wojciech Kosc in Warsaw September 3, 2026

Poland approved a programme to search for domestic deposits of critical raw materials, the climate and environment ministry said.

Taiwan snubs claims of checkbook diplomacy over Palau aid

IntelliNews - New Taipei Bureau September 3, 2026

Taiwan's foreign ministry has dismissed a Solomon Islands newspaper report accusing Taipei of practising "checkbook diplomacy" in the South Pacific, saying the article "deviated from the truth" and was "driven by malicious intent.".

Court order goes out to seize all copies of unpublished book by Turkish leader Erdogan’s jailed main political opponent

Akin Nazli in Belgrade September 2, 2026

Strict ban placed on sales of Millet Sahidimdir (The Nation Is My Witness) by Ekrem Imamoglu.

Putin clashes with Armenian PM over Yerevan’s EU ambitions

IntelliNews September 2, 2026

Disagreement highlights tensions between Russia and its traditional ally as Armenia seeks closer ties with the EU while maintaining extensive economic links with Moscow.

Hungary opens criminal probe into Eximbank deals, including €1bn North Macedonia loan

bne IntelliNews September 2, 2026

Hungarian police launched a formal criminal investigation into suspected abuse of office and mismanagement at state-owned Eximbank.

Serbia is heading for snap election on October 25

Tatyana Kekic in Belgrade September 2, 2026

The election will be the biggest test yet for President Aleksandar Vucic and his ruling Serbian Progressive Party.

Trump floats renaming Strait of Hormuz "Trump Strait" as US presses control claim

bnm Gulf bureau September 2, 2026

US President Donald Trump suggested renaming the Strait of Hormuz the "Trump Strait"

Argentina's banks are lending again. Now comes the hard part

bne IntelliNews September 2, 2026

Argentina’s credit revival is gathering pace. Bank lending has more than doubled since 2023, but rising household defaults are exposing the risks of a financial deepening that is still in its early stages.

Chevron to invest over $7bn in Venezuela, Colombia’s GeoPark and Italy’s Eni will also enter

bne IntelliNews September 2, 2026

Chevron plans to invest over $7bn in Venezuela over the next five years as it targets more than a doubling of its oil production in the South American country to 600,000 barrels per day.

Germany blames Russia for Leipzig airport bomb as EU readies more sanctions

Ben Aris in Berlin September 2, 2026

Germany has formally accused Russia of putting an explosive drone on the tarmac at Leipzig airport, and the European Commission has promised a clear response.

Gasgroup targets NGX listing, eyes expansion into refining, power generation, data centres

bne IntelliNews September 2, 2026

Gasgroup, a Nigerian energy-services business not currently listed on the NGX, plans to seek admission of its existing shares to the Main Board of the bourse as it pursues expansion into refining, gas infrastructure, and power generation.

Estonia elects constitutional lawyer Ulle Madise as new president

Lines Jegelevicius in Vilnius September 2, 2026

Ulle Madise elected at a particularly sensitive time for Estonia, a Nato and EU member sharing a border with Russia and one of Europe's most outspoken supporters of Ukraine.

Putin rules out talks with Kyiv after Zelenskiy threatens to close Russia's skies

Ben Aris in Berlin September 2, 2026

Russia does not negotiate with terrorists, President Vladimir Putin said, after President Volodymyr Zelenskiy warned airlines that Ukrainian drones would make Russian airspace unsafe.

11 EU members push to curb foreign policy vetoes as bloc weighs wider reform

Clare Nuttall in Glasgow September 2, 2026

Reform discussion ongoing amid questions over whether the EU's institutions are equipped for another round of enlargement.

Iran says US strike on Sirik wedding killed five, wounded 68

bnm Gulf bureau September 2, 2026

A US strike on a wedding in the port of Kuhestak in Iran's Sirik district killed five and wounded 68, a Hormozgan provincial official said, in an account attributed to Iranian officials and not independently verified.

Nawrocki presses German reparations demand at Poland’s war commemoration

Wojciech Kosc in Warsaw September 2, 2026

Polish President Karol Nawrocki demanded German war reparations at commemorations in Gdańsk marking the outbreak of World War II.

Bank DBS Indonesia acquires 99% stake in DBS Vickers Sekuritas

IntelliNews - Surabaya Bureau September 2, 2026

Under the revised corporate structure, DBSI acquires 99.0% of DBSVI shares, while the remaining 1.0% equity stake is retained by DBS Vickers Securities Holdings Pte Ltd.

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