WUF13 in Baku highlights public-private cooperation on sustainable urban development
The World Urban Forum 13 (WUF13) in Baku has placed a strong emphasis on strengthening cooperation between the pub...
U.S. President Donald Trump announced on Monday that he anticipates a U.S.-Ukraine revenue-sharing agreement on Ukrainian critical minerals will be signed soon.
The deal would allow the United States to secure access to key minerals in Ukraine, which are seen as crucial for various industries, including technology and defense.
Trump also revealed that discussions are ongoing regarding the potential for American firms to own Ukrainian power plants. The announcement follows a series of high-level meetings in Saudi Arabia, where U.S. officials met with Ukrainian and Russian representatives. While the focus of the talks has primarily been on a ceasefire agreement for the Black Sea, Trump indicated that other issues, such as territorial boundaries and the ownership of Ukrainian energy infrastructure, are also being discussed.
"We're talking about territory right now. We're talking about lines of demarcation. Talking about power, power plant ownership. Some people are saying the United States should own the power plant...because we have the expertise," Trump stated, underscoring his administration's interest in enhancing American influence in Ukraine's energy sector.
The proposed minerals deal and the broader energy discussions reflect Trump’s ongoing efforts to solidify U.S. interests in Ukraine while pushing for a resolution to the ongoing conflict with Russia. These developments come as part of his broader strategy to engage in direct negotiations with both Ukrainian and Russian officials in hopes of bringing a swift end to the war that has raged for nearly three years.
United Nations World Urban Forum 13 continues in Baku, Azerbaijan on 19 May with sessions and roundtable discussions focused on strengthening dialogue and advancing cooperation in urban development. Organisers say there are nearly 3 billion people globally who face some form of housing inadequacy.
Azerbaijan and Georgia have agreed to resume daily passenger train services on the Baku-Tbilisi-Baku route from 26 May, 2026, marking a major step in restoring regional rail connectivity after services were suspended in 2020 due to the COVID-19 pandemic.
Day four of the World Urban Forum (WUF) in Baku brings a packed agenda on sustainable cities and the global housing crisis, with sessions on green housing, smart cities, public spaces and urban rights taking place on Wednesday (20 May) at Baku Olympic Stadium in Azerbaijan.
Russia’s ambassador to the United Nations Vasily Nebenzya warned on Tuesday (19 May) that Moscow could retaliate against Baltic states if Ukraine launches military drones from that region. Latvia, the United States and Ukraine responded strongly during a UN Security Council meeting.
Russia is considering the possibility of joint projects with the United States and China, Kirill Dmitriev, Head of the Russian Direct Investment Fund, (Russia's sovereign wealth fund), was quoted as saying by state media on Wednesday.
Demand for electric vehicles has surged across Europe as elevated fuel prices linked to the Iran conflict push consumers toward new and second-hand EVs, according to data shared with Reuters. It is providing a boost to an auto industry that has struggled with slower-than-expected adoption.
South Korea’s Samsung Electronics is facing its largest potential labour action in years, with tens of thousands of workers preparing for a prolonged strike over bonuses and profit-sharing at a time when the company is benefiting from a global artificial intelligence (AI) driven chip boom.
Government bond markets from Tokyo to New York extended losses on Monday (18 May) as rising energy prices linked to the Middle East conflict heightened inflation concerns and reinforced expectations that major central banks could keep interest rates higher for longer.
Negotiations between Samsung Electronics and its workforce on Wednesday have broken down, officials said, raising fresh concerns over potential disruption to South Korea’s export-heavy economy.
By the time American shoppers began noticing higher prices on everything from trainers to televisions, the world's two largest economies were already deep in a trade war that left the world wondering how it would end.
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