According to a report commissioned by the European Commission and conducted by Mario Draghi, EU member states need to invest extra 800 billion euros annually in reforms to stay competitive against the United States and China. Additional suggestions outlined in the report authored by the former Prime Minister of Italy and former President of the European Central Bank involve easing antitrust...

Baker Hughes Co., a U.S. oilfield services company, is getting ready to finalize an agreement for investments in Iraq's gas industry, as stated by the office of Prime Minister Mohammed Shia' Al Sudani following his discussion with CEO Lorenzo Simonelli. The preliminary agreement entails blueprints for constructing a gas platform at the Grand Faw port. During the meeting, the prime minister...

Michel Barnier, the former chief negotiator for Brexit in the EU, has now taken on the role of Prime Minister in France. The notice was posted on the Elysee Palace's website. It is stated that French President Emmanuel Macron has charged Barnier with forming a new government that brings people together by appointing him as Prime Minister. The announcement also noted that Barnier was appointed...

Global gender equality will not be accomplished by the 22th century if the current social trends persist worldwide, the Equal Measures 2030 coalition research found. The project is collaboration among top local and international organizations creating instruments to evaluate society's advancement towards gender equality. Researchers claim that no nation is currently on track to achieve gender...

Ukraine has successfully negotiated a deal with lenders to restructure global bonds totaling over $20bn. According to Reuters, Ukraine's commissioner for state debt management, Yuriy Butsa, along with the country's financial advisers White & Case and Rothschild & Co, as well as experts from the International Monetary Fund (IMF), participated in the negotiations. Negotiations entered...

AP reported that Japan's Defense Ministry asked for 8.5 trillion yen ($59 billion) for 2025 due to increasing concerns about China's threat. The ministry approved the budget request during a meeting on August 30. Next, it will proceed to the Finance Ministry for discussions that will continue until December. It indicates that, in addition to other uses, 970 billion yen will need to be allocated...

The White House stated that U.S. Presidential National Security Advisor Jake Sullivan emphasized that both the United States and China share a responsibility to avoid conflict and confrontation. The statement mentioned that Jake Sullivan, the President's National Security Advisor, held a meeting with Zhang Yuxia, Vice Chairman of China's Central Military Commission (CMC), in Beijing on August 29....

The European Union expressed shock over a recent law introduced in Afghanistan regarding "promoting virtue and preventing vice," as stated by European diplomatic chief Josep Borrell on behalf of the EU. “We cannot tolerate this latest decision that is yet another damaging setback for the rights of Afghan women and girls,” said Borrel. He urged the Taliban to stop the systematic mistreatment of...

In October, Democratic candidate for President Kamala Harris and her Republican opponent Donald Trump will have a second televised debate, stated Michael Tyler, the communications director of Ms. Harris' campaign. Mr. Tyler told The Hill that in case Donald Trump attends the debate with Vice President Harris on September 10, Governor Walz will debate J.D. Vance on October 1, allowing the American...