President of Argentina Javier Milei announced issue of new banknotes with a 25-fold increase in denomination. According to La Nacion, which cites President Javier Milei, the Central Bank of Argentina would print banknotes with a face value that is 25 times higher than the biggest banknotes currently in use. This choice resulted from the rising pace of inflation. The issue touches upon printing...

Iran has increased its uranium enrichment production rate to 60% once more, according to a report from the IAEA. "Iran in recent weeks has tripled the rate of production of uranium enriched to 60%, reaching the level of nine kilograms per month," the report states. It observes that this reverses the former pattern of slowing down Iran’s rate of uranium enrichment. The country has now started...

US President Joe Biden signed the defense budget for the 2024 fiscal year, according to the White House. The agreement sets aside $886.3 billion for intelligence services, the U.S. State Department, and the Departments of Defense and Energy for specialized programs. The sum is $28 billion greater than that in the previous year. The budget includes a $800 million aid package for Ukraine....

The Council of the European Union announced that permanent representatives of the EU in Brussels have come to an agreement on a "cyber solidarity law" that would guard against occurrences and risks related to cybersecurity. “The deal represents a further advancement in Europe's cyber resilience. The EU and its member states will undoubtedly be better equipped to anticipate, stop, respond to, and...

As tensions in the region continue to rise, British energy giant BP plc. decided to halt tanker shipments of oil products across the Red Sea, the Financial Times writes. "BP will suspend all oil shipments through the Red Sea, in another sign of an escalating crisis sparked by Yemeni rebel attacks on ships in the area and threatening a key route for global trade," the newspaper writes. The...

The European Commission will provide over €65M to aid member states of the union that are currently housing the greatest number of Ukrainian migrants. "The European Commission (...) has determined to provide Bulgaria, Poland, Romania, and the Czech Republic with assistance in hosting individuals by allocating over €65 million from the Asylum, Migration, and Integration Fund (...)," reads the EC...

The Lufthansa Group stated that it plans to restart operating flights to Israel on January 8. On October 9th, the flights were suspended due to an attack on Israel by militants from Hamas. The group's airlines will run a total of 20 weekly flights to and from Tel Aviv during the first phase. From Tel Aviv, Lufthansa Airlines will run three weekly flights to Munich and four weekly flights to...

According to European Council President Charles Michel, nations that are members of the EU have chosen to begin accession talks with Moldova and Ukraine on Thursday. "The European Council has decided to start negotiations with Ukraine and Moldova on their admission to the European Union," he posted to the social network X. Furthermore, he said, Georgia had been "granted the status of candidate...

The World Bank's newly published yearly report on global debt states that in 2022, developing nations would pay a record $443.5 billion—5% more than the previous year—to service their public debt. For the 24 poorest nations, the cost of servicing their public debt will increase by 39% in 2023 and 2024. 18 nations, including Zambia, Ghana, and Sri Lanka, have reportedly missed payments on their...