News
Mongolia’s PM loses confidence vote in rapid reversal of fortunes
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
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
Iran's Foreign Minister, Abbas Araghchi, arrived in Beirut on June 3 to meet with the new government.
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Moody’s warns of Brazil’s rising debt burden, downgrades credit outlook
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.
Russia demands Ukraine's de facto capitulation with Istanbul demands
Russian and Ukrainian delegations met in Istanbul for the second direct ceasefire talks on June 1 that made little progress in laying out the groundwork for the mooted 30-day ceasefire suggested by the Trump administration in March.
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Hungarian banks report record year in 2024 with €5bn consolidated profit
Hungary’s banking sector delivered a record-breaking year in 2024, with consolidated net profits reaching a record HUF2 trillion (€5bn).
START missile treaty exposed Russia’s nuclear bombers to Ukrainian drone attack
The conditions of the START missile treaty signed between Russian President Vladimir Putin and former US President Joe Biden in January 2021 exposed Russia’s strategic nuclear bomber fleet to the devastating Operation Spiderweb drone attack.
Romania’s president expects fiscal plan by June 5, new government by mid-June
PNL interim president Ilie Bolojan seen as most likely next prime minister.
South Korea votes in pivotal election after martial law crisis
The election, held six months after Yoon’s controversial move, has attracted immense public interest. By 9 am, over 4mn people - roughly 9.2% of the 44.39mn registered voters - had already cast their votes across more than 14,000 polling stations.
President Nawrocki shakes Tusk government to the core
The four-party coalition of Prime Minister Donald Tusk appears to have been shaken to its foundations, as the fallout of June 1's presidential election has begun to spread on the following day.
Croatia’s Žito Grupa announces plans for IPO on Zagreb Stock Exchange
Agricultural and food production group to use IPO proceeds to support long-term strategic growth and strengthen Croatia’s domestic food production.
Bulgaria’s Anti-Corruption Fund reveals massive secret energy cartel
NGO’s investigation finds cartel comprising over 150 companies with turnover of €2.6bn owned by controversial businessman Hristo Kovachki.
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Mexico’s judicial elections falter amid low turnout and chaos
Mexico has held its first-ever judicial elections, a process hailed by the federal government as a landmark step towards democratic improvement. Yet the reality on the ground painted a far more fragmented and contentious picture.
Russo-Ukraine ceasefire talks in Istanbul break up with no progress
Russia and Ukraine held direct talks for the third time since the war started on June 2, but the meeting broke up with no real progress made.
Iranian and Egyptian officials discuss nuclear programme amid IAEA concerns
Iranian diplomats held discussions with Egyptian officials in Cairo on June 2 about Iran's nuclear programme alongside the head of the UN nuclear watchdog.
White House orders pause on new Iran sanctions amid nuclear talks
The White House has reportedly instructed a halt to the imposition of new sanctions against Iran, a move interpreted as a significant shift in Washington's strategy amid ongoing nuclear negotiations with Tehran.
First Flydubai flight lands in Damascus as Emirates announces July resumption
UAE carrier Flydubai resumed flights to Syrian capital Damascus on June 1, with the first service in 12 years hiatus.
Syria resumes trading at Damascus Securities Exchange after six-month suspension
Damascus Securities Exchange resumes trading after 6-month suspension following Syria's political transformation. Finance Minister says reopening signals economic recovery and private sector leadership.
PiS-backed Karol Nawrocki wins Poland’s presidential election
Karol Nawrocki, a political newbie backed by the radical right-wing Law and Justice (PiS) party, has won Poland’s presidential election, official results showed on June 2.
Hungarian central bank books €2bn loss in 2024
The Hungarian National Bank incurred a HUF789bn (€1.95bn) loss last year, according to the annual report of the central bank. While still substantial, this represents a sharp improvement from the record deficit of HUF1.76 trillion in 2023.