Zelenskyy announces new arms deals with U.S. and Denmark
Ukrainian President Volodymyr Zelenskyy said on Saturday that Kyiv has signed new agreements with international partners to boost joint arms productio...
European fundings will be directed to upgrading of Ganja’s water infrastructure to improve its residents’ living standards by ensuring better access to clean water while building resilience towards the impact of climate change.
The European Bank for Reconstruction and Development (EBRD) committed €35 million to finance the upgrading of Ganja’s water management systems. Sovereign loan to be combined with a grant of up to €5 million from the European Union EU.
More than 300,000 people living in Azerbaijan’s second-largest city stand to benefit from further improvements to their urban environment thanks to a third Green Cities project agreed by the delegations of the EBRD and Azerbaijan at the 2025 World Economic Forum.
According to EBRD press-release, this loan is a follow-up to the memorandum of understanding that the parties signed at the 2024 United Nations Climate Change Conference in Baku (COP29) and the start of a comprehensive programme which aims to ensure that all of Ganja is covered by efficient and sustainable water and wastewater services.
The project includes the construction of a water supply pipeline, wastewater collection pipes and water reservoirs, as well as stormwater management systems and other supporting infrastructure.
Ganja joined the EBRD’s flagship Green Cities programme in 2020, and this is now the EBRD’s third investment project there. The EBRD’s first investment in Ganja was in 2022, when the Bank committed to financing upgrades to the city’s waste management, and that was then followed by the financing of improvements to the city’s street-lighting infrastructure.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
Microsoft is closing its direct operations in Pakistan after 25 years, shifting to a partner-led model to serve the market.
The European Union will drastically reduce imports of Ukrainian wheat and sugar, by up to 80%—to protect its farmers, a move expected to shift Ukraine's exports toward Asia and Africa.
The Bank of England has launched a public consultation on future banknote designs.
Unexpected weakness in Germany's manufacturing orders in May signals ongoing uncertainty in industrial demand, despite a yearly rise and sector-specific gains.
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major producers are set to agree to raise their output this weekend.
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