Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
The second meeting of customs leaders from Central Asia and China was held in Almaty, focusing on digitalization, AI integration, border crossing agreements, and expanding cooperation to strengthen regional trade and logistics.
Azerbaijan’s Minister of Economy Mikayil Jabbarov has been appointed Chairman of the Board of Governors of the Islamic Development Bank Group, with the 2026 Annual Meeting set to take place in Azerbaijan.
During President Shavkat Mirziyoyev’s official visit to Slovenia, Uzbekistan and Slovenia signed several important agreements covering visa exemptions for diplomats, education, transport, smart cities, water management, and tourism to enhance bilateral cooperation.
Islamic finance assets in Central Asia are forecast to grow from $285 million in 2022 to $6.3 billion by 2033, with Kazakhstan and Uzbekistan leading the regional expansion due to high demand, population growth, and policy reforms.
German Finance Minister Lars Klingbeil expressed hope that the G7 will issue a joint communique supporting Ukraine, despite tensions with the US over wording related to the conflict with Russia. Talks also continue on trade issues and sanctions.
Shein says French consumers may face higher prices if the EU imposes handling fees and France enacts new penalties on fast fashion. The platform criticizes the lack of dialogue with authorities as pressure mounts on budget e-commerce models.
Pakistani Prime Minister Shehbaz Sharif will make urgent visits to Iran, Azerbaijan, and Türkiye next week to hold high-level talks and express gratitude for recent support.
The World Bank has approved a $200 million concessional credit to help Uzbekistan modernize its irrigation and drainage infrastructure, aiming to cut water losses and improve energy efficiency across five regions.
Donald Trump announced a $175 billion, three-year plan to build a sweeping missile defense system dubbed “Golden Dome,” aiming to shield the U.S. from global and even space-based threats.
South African President Cyril Ramaphosa is in Washington for critical talks with U.S. President Donald Trump, aiming to defuse tensions and secure trade and investment deals as U.S.-South Africa relations face challenges.
Iran and the United States will hold the fifth round of indirect nuclear negotiations in Rome on Friday, with Oman continuing its role as mediator. The talks come amid ongoing skepticism from Tehran and Washington’s push for a tougher deal.
Andriy Portnov, previously a senior aide to former Ukrainian president, Viktor Yanukovich, was gunned down outside a school in Madrid, raising concerns about politically motivated violence in Spain.
Greek gas supplier DEPA Commercial has announced a €600 million agreement to construct a 792 MW gas-fired power plant in Larissa, aiming to boost energy supply, create jobs, and reduce electricity prices amid the country’s green transition.
Portuguese prosecutors have opened an investigation into far-right politician Andre Ventura after he made controversial pre-election remarks targeting the Roma community.
Chinese EV maker BYD has unveiled its budget-friendly Dolphin Surf in Berlin, intensifying competition in Europe's electric car market with prices starting at just €19,990.
The European Union aims to introduce a €2 handling fee on low-value online shopping packages entering the bloc, targeting billions of cheap goods from platforms like Shein and Temu. The move seeks to cover the high costs of customs compliance and safety checks.
The German Council of Economic Experts has lowered its forecast for Germany’s economy, now expecting stagnation in 2025 amid industrial challenges and ongoing impacts from U.S. tariffs, while modest growth is anticipated to resume in 2026 thanks to a major fiscal stimulus plan.
Russian Foreign Minister Sergey Lavrov stated in Yerevan that Armenia used Russian-supplied weapons during its occupation of seven Azerbaijani districts, which it never officially claimed.
Kazakh President Kassym-Jomart Tokayev and Hungarian Prime Minister Viktor Orbán reaffirmed strong bilateral ties and strategic cooperation ahead of the upcoming Turkic States Summit.
Azerbaijan’s AERA and Moldova’s ANRE signed a memorandum to strengthen cooperation in energy regulation and regional resilience.
During President of Uzbekistan Shavkat Mirziyoyev’s visit to Budapest, Uzbekistan and Hungary agreed on over €1.5 billion in new joint projects and outlined further cooperation in trade, finance, and culture.
Prime Minister Keir Starmer has apologised to Plaid Cymru MP Liz Saville Roberts for being "overly rude" during Prime Minister’s Questions last week.
China announced a $500 million contribution to the WHO over five years, stepping in as the UN agency faces a funding shortfall after the U.S. cut support.
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