live Hormuz traffic slows as uncertainty over waterway persists
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
Russia and North Korea on Wednesday launched construction of a road bridge between the two countries that will span the Tumen river, marking strategic partnership between the two countries, Russia's prime minister said.
The bridge is being built near the existing "Friendship Bridge", a rail bridge which was commissioned in 1959 after the Korean war.
"This is a truly significant milestone for Russian-Korean relations. Its significance goes far beyond a simple engineering task. It symbolizes our common desire to strengthen friendly, good-neighborly relations and expand interregional cooperation," - Mishustin stated at a ceremony dedicated to the start of the new bridge's construction.
North Korea's prime minister Pak Thae Song stated that the bridge will be "a wonderful symbol of the immortal friendship and cooperation between the peoples of our two countries."
Currently, the only operational links between the two countries are a railway bridge and air service. The addition of a road bridge will help boost cargo traffic and expand passenger transportation.
The total length of the bridge crossing, including access roads, is 4.7 kilometers and link up with the Russian highway system. The bridge itself spans 1 kilometer—424 meters on the Russian side and 581 meters on the Korean side.The seven-meter-wide bridge will feature two traffic lanes.
It is expected that the bridge will be ready by the end of 2026. The project
Mishustin said the bridge "will allow entrepreneurs to significantly increase transportation volumes and reduce transportation costs, ensure reliable and stable supplies of various products, which will contribute to the expansion of trade and economic cooperation."
Its construction was agreed during a visit by President Vladimir Putin to North Korea in 2024. Last year Putin and North Korean leader Kim Jong Un signed an agreement on a comprehensive strategic partnership, declaring that "relations between Moscow and Pyongyang had reached a new level appropriate for the current era."
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Russia said its air defences downed 180 drones over the Moscow region overnight, with 620 drones reportedly targeting the area, according to Moscow Mayor Sergei Sobyanin.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment