World & Politics
Euroclear to send €2B of proceeds from Russian assets to help Ukraine - 02/07/2025
Euroclear, the international depositary, anticipates that the tranche, scheduled for March 2025 and allocated to the European aid fund for Ukraine from the investments of Russian assets for the latter half of 2024, will reach around €2 billion. In 2024, Euroclear earned approximately €6.9 billion in interest from Russian assets that were frozen because of sanctions. In 2023, the amount decreased...
WSJ: Over 40 thousand U.S. government employees agree to resign under Trump's proposal - 02/06/2025
According to sources from the Office of Personnel Management, over 40 thousand federal employees in the US have consented to resign in return for eight months' salary payments, The Wall Street Journal reports. This kind of proposal was presented by the administration of US President Donald Trump in late January. Applications for dismissal can be submitted until February 6. Based on interviews...
G7 Ministers condemn rebel offensive in Congo - 02/03/2025
G7 foreign ministers criticized the March 23 Movement (M23) assault in eastern Democratic Republic of Congo (DRC). They urged the rebels and the Rwandan forces backing them to cease hostilities. "The M23 offensive has resulted in a significant rise in the count of displaced civilians in Goma and throughout eastern DRC, along with the displacement of hundreds of thousands since the offensive...
WSJ reports about $2 bln from Russia stuck in JPMorgan - 02/03/2025
The Wall Street Journal referring to sources, that JPMorgan has $2 billion from Russia frozen. Russia is said to have sent over $5 billion to Turkey soon after the conflict started, according to the WSJ. Sources from the newspaper indicated that the countries purportedly consented to Gazprombank, which was not sanctioned at that moment, offering a $9 billion loan for the building of the Akkuyu...
Over 81 thousand refugees return to Syria from Turkey after change of government - 01/30/2025
According to Ali Yerlikaya, the head of the Turkish Interior Ministry, over 81,000 Syrians have gone back to their homeland from Turkey since December 9, 2024, following the opposition's military action that altered the government in Syria. As of now, 2.86 million Syrian refugees are still in Turkey among 4.1 million total foreigners. Ali Yerlikaya informed reporters that 821,529 individuals...
Serbian Prime Minister resigns amid protests in the country - 01/29/2025
According to Politika, Serbian Prime Minister Miloš Vučević has stepped down. In an emergency press conference, Vučević stated that Serbian President Aleksandar Vučić endorsed his choice and concurred with his reasoning. "I think that through this approach, we show the accountability of those chosen to be responsible," he stated. Vučević expressed pride in the economic accomplishments that the...
Trump confirms Microsoft's intention to buy TikTok U.S.A. - 01/29/2025
US President Donald Trump stated that Microsoft is negotiating to acquire the US branch of TikTok, according to Bloomberg. "I would agree," he replied to a pertinent question from reporters, adding that he believes there is considerable interest in the platform. Microsoft chose not to provide a comment regarding these reports to the agency. Microsoft and Oracle were competing to purchase TikTok...
Bloomberg learns about EC's postponement of the plan to abandon Russian LNG - 01/28/2025
According to Bloomberg, citing unnamed sources familiar with the situation, the European Commission is expected to delay the release of a plan to eliminate the use of Russian fuels, such as liquefied natural gas (LNG). They stated that the proposal might be unveiled on March 26, which is a month later than first scheduled. The agency states that the roadmap is likely to detail the actions EU...
Colombia to raise duties on imports from the U.S. by 25% - 01/27/2025
Colombian President Gustavo Petro announced that officials will increase tariffs on products imported from the United States by 25 percent due to actions taken by U.S. President Donald Trump's administration concerning the recent U.S. sanctions after Colombia declined to accept a flight carrying deported migrants. On Sunday, the U.S. enacted sanctions and a 25 percent tariff on all products from...
Italy, Saudi Arabia sign agreements worth billions of dollars - 01/27/2025
During Prime Minister Giorgia Meloni's visit, Italy and Saudi Arabia signed agreements totaling 10 billion dollars across different sectors, the Italian leader declared. "It is not by chance that we have today formalized our mutual wish to elevate our bilateral relations to the status of a strategic partnership ..." "The overall worth of the deals finalized today and throughout this visit is...