News
_Rafael_Luiz_(14595415747)_(1)_1748463794.jpg)
Brazil's airline Azul files for Chapter 11 bankruptcy to restructure pandemic debt
Brazilian airline Azul has filed for Chapter 11 bankruptcy protection in the US as it seeks to restructure billions of dollars in mostly pandemic-era debt.
Bulgarians divided on euro adoption
Bulgaria has set a target date of January 1, 2026 for euro adoption, but the government's commitment to Eurozone entry faces political opposition.
_1748442869.jpg)
El Salvador’s Bitcoin splurge risks derailing $120mn IMF payout
The IMF struck a staff-level agreement with El Salvador, paving the way for nearly $120mn in funding pending executive board approval. But tensions persist as the country continues buying Bitcoin in defiance of the fund's conditions.
_1748437916.jpg)
Latin America faces investment drought as fiscal space shrinks, ECLAC says
ECLAC report highlights the region's struggle with low public investment amid mounting debt pressures.
Poland's presidential candidate Nawrocki lurches to the extreme right, seeking support ahead of crucial run-off vote
Poland’s radical right-wing Law and Justice (PiS) party’s presidential election candidate Karol Nawrocki has swung to the far right in the last days of campaign, as he seeks to pick up every single vote in the extremely tight race.
US admits to 500 troops in Taiwan testing Beijing’s red lines
The US has admitted that it has approximately 500 military personnel stationed in Taiwan, breaking previous pledges not to post soldiers on the contested island.
EU states condemn Hungary over law banning Budapest Pride, urge Brussels to take action
Seventeen EU member states have issued a joint statement condemning Hungary’s recent legal measures that ban Budapest Pride, warning that the legislation infringes on fundamental rights and contradicts core European values.
Polish presidential frontrunner Nawrocki sues publication for alleging he was a pimp
Karol Nawrocki, a presidential candidate of the radical right-wing Law and Justice (PiS) party, has sued Onet, a news website, for a report that alleged he used to arrange prostitutes for guests at the Grand Hotel in Sopot while working as a guard.
_0_1748406000.jpg)
China shifts from global banker to leading debt collector
Once the primary provider of capital across much of the world, Beijing now finds itself at the receiving end of record repayments, particularly from some of the world’s poorest and most vulnerable nations.
CPAC brings MAGA message to Poland ahead of presidential vote
Poland’s southeastern town of Jasionka hosted the first Polish edition of the Conservative Political Action Conference (CPAC) on May 27.
Czech PM Fiala admits cabinet may not be able to sign Dukovany nuclear contract
The contract with South Korean Hydro and Nuclear Power faces extended delays after one of the two unsuccessful bidders, French Électricité de France, filed a lawsuit against the selection of KHNP.
Critical delay hits Russia’s building of Turkey’s first nuclear plant as $7bn fails to show up
Moscow believed to be seeking financial concessions from Ankara.
Bulgarian PM says Eurozone accession not up for debate
Government aims for euro adoption on January 1, 2026, but faces opposition from President Rumen Radev and the ultranationalist, pro-Russian Vazrazhdane party.
Hungary’s central bank keeps rates steady at 6.5%, reaffirms cautious outlook
The Monetary Council of the Hungarian National Bank left the base rate on hold at 6.5% while keeping the interest rate corridor unchanged at a monthly policy meeting on May 27, fully in line with projections.
Viktor Orban may have lobbied to bring Italian Supercup to Budapest in secret Saudi meeting
Hungarian Prime Minister Viktor Orban met privately with Saudi Crown Prince Mohammed bin Salman in Riyadh in October 2022, just months after MbS took on the role of prime minister.
Newly-reelected PM Rama vows to use fourth term to “change Albania forever”
After the Socialists' fourth consecutive election win, Edi Rama outlines plans for sweeping reforms and to secure Albania's long-awaited accession to the EU within this decade.
_1748364761.jpg)
Mexico prepares for unprecedented judicial elections amid international scrutiny
Mexico will hold its first-ever popular elections for federal judges on June 1, as the Organization of American States readies to deploy observers for the historic vote that legal experts warn threatens judicial independence.
Washington receives Ukraine draft of conditions for ceasefire deal with Russia
The United States has received a draft proposal for implementing the ceasefire from Ukraine and is now waiting for the Russian version, US Special Representative for Ukraine, during remarks reported by Vedomosti on May 27.
Iran and Oman sign eighteen cooperation deals during president’s visit to Muscat
Iran and Oman signed 18 cooperation documents, aiming to formalise and expand bilateral relations across a wide array of sectors
Slovak PM Fico slams German Merz for his comments on EU taking action against Hungary and Slovakia
Slovakia’s populist Prime Minister Robert Fico slammed German Chancellor Friedrich Merz for stating that Germany could propose EU block the EU funding for Hungary and Slovakia if the two countries diverge from EU policies.