European Council President Charles Michel stated on Friday night that the EU will not take part in a settlement meeting between the Palestinians and Israel if the extremist Hamas movement is involved. "We view them as a terrorist organization," he told at a press conference in Brussels, "Hamas cannot have any role in a conference involving the EU." Michel clarified that the concept for this...

In line with the Ammunition Support for Ammunition Production (ASAP) legislation, the European Commission has declared that it will be providing more support to the European defense industry in 2023–2025. "ASAP (Act in Support of Ammunition Production) will allocate €500 million to support investment projects worth up to €1.4 billion, thereby stimulating the ramping up of ammunition and missile...

The European Council President, Charles Michel, stated that European leaders talked about the potentially dangerous effects of events in the Middle East on migration on Tuesday. "It is evident that the situation in the region might have extremely catastrophic repercussions for a country like Egypt, which is presently housing millions of migrants. Furthermore, it might directly affect us in...

China's GDP grew by 5.2 percent in the first three quarters of 2023, according to the People's Republic of China Statistics Bureau. China's national statistics office released figures that showed the country's gross domestic product (GDP) increased 5.2% year over year in the first three quarters of 2023. Preliminary data indicates that China's GDP for the first three quarters of 2023 was 91.302...

The New York Times reported, citing three informed individuals, that Israel has asked the United States for $10 billion in emergency military assistance. Congress is presently working with the White House to develop the relief package. According to the report, funding will also be provided for Taiwan, the U.S.-Mexico border, and Ukraine. Senate Majority Leader Chuck Schumer stated while on a...

According to a joint analysis by Henley & Partners (H&P) and New World Wealth, the number of dollar multimillionaires—those whose fortune surpasses $100 million—has climbed by 12% over the course of the year. There were 28.4 thousand of them in the world as of June of this year. 38% of them reside in the United States, making up the majority of them. Based on the number of residents with...

Ukraine has begun negotiations with key bondholders to restructure $20 billion in public debt and find new investors. Grant funding is one choice, although IMF programs do not offer it throughout the debt restructuring period, according to Reuters. Ukraine has commenced active negotiations with significant investors in order to discuss strategies for restructuring its $20 billion foreign debt and...

According to Israeli media on Sunday, which cited medical professionals, the number of fatalities in Israel from assaults by the Palestinian group Hamas has surpassed 300 on Saturday. The number is expected to increase further since many people have had such serious injuries. Currently, 1,590 casualties are believed to have occurred overall. Dozens of hostages, including military people, are...

According to Kristalina Georgieva, the chief of the International Monetary Fund (IMF), the loss of global production from 2020 to 2023 will be $3.7 trillion. She claimed that the United States was the only nation that had been able to restore its economy to its pre-pandemic level. "Economic fragmentation poses a threat to further erode economic prospects, particularly for emerging and developing...