Iran’s northern cities hit with golfball-sized hail in epic deluge
Iran’s northern Khorasan and Gilan provinces have been hit by a heavy rainstorm and mega hailstorms in the latest of a string of flooding incidents in the usually arid country
Read StoryDollar remains dominant in global trade, but global tensions are fragmenting the world, says IMF
The global economic landscape is undergoing a transformation not seen since the end of the Cold War. Soaring geopolitical tensions have seen the world fragment into large trading blocs based on economic and national security concerns.
Read StoryRussia hits Ukrainian power facilities in six regions with intense missile attack, imports from EU won't cover winter demand
Russian forces launched an intense missile attack on Ukraine's energy infrastructure in six regions on May 8. Half of Ukraine’s power facilities are now out of action to the point where European imports won't cover this winter's demand.
Read StoryAzerbaijan, Kazakhstan and Uzbekistan join forces to power Europe
The energy component of the Trans-Caspian and Middle Corridors are expanding, not only through oil and gas but also through green energy. Azerbaijan, Kazakhstan and Uzbekistan have joined forces to supply Europe with power.
Read StoryMongolia’s economy in 2024 a very mixed bag
Coal mining export earnings set to once more drive growth, but country badly needs to wean itself off fossil fuel revenues. Creation of a sovereign wealth fund a move in that direction.
Read StoryUkrainian oligarch Kolomoisky faces life imprisonment for murder
Igor Kolomoisky, once considered Ukraine’s most influential oligarch and a supporter of President Volodymyr Zelenskiy, has been charged with an organised murder from over 20 years ago, which carries a penalty of life imprisonment.
Read StoryA private company is building Belarus President Lukashenko a luxurious bolthole in Russia's Sochi – investigation
A private company linked to Belarusian President Alexander Lukashenko is reportedly constructing a luxurious bolthole with hotel, restaurant and chalets in Russia’s mountainous village of Krasnaya Polyana, near Sochi, a joint investigation found.
Read StoryNew India-Europe transit corridor set to challenge IMEC, Suez routes
The battle of the corridors is heating up as India promotes a new India-Middle East-Europe Economic Corridor (IMEC) route that will connect the subcontinent with Europe by traversing the Middle East over land then sea to the EU via Haifa in Israel.
Read StoryNorth Macedonia’s opposition gears up for return to power
Uncertainly over North Macedonia's EU accession path as opposition conservative VMRO-DPMNE is poised for a comeback after eight years in opposition.
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