Russia's Lukoil says it plans to sell international assets due to Western sanctions
Russia’s second-largest oil company, Lukoil LKOH.MM, announced on Monday that it plans to sell its international assets following U.S. sanctions imp...
The European Bank for Reconstruction and Development (EBRD) has approved its Strategic and Capital Framework (SCF) for the next five years, demonstrating strong and continued support for Ukraine.
The EBRD’s central strategic objective for the 2026–2030 period is to provide exceptional support to Ukraine—sustaining livelihoods during wartime and contributing to the country's prosperous future within Europe as it undergoes reconstruction.
Governors agreed at the end of 2023 to increase the Bank’s paid-in capital by €4 billion to provide significant and sustained investment for Ukraine and help support the EBRD’s priorities wherever it operates.
The Bank has deployed more than €7 billion in Ukraine since the full-scale Russian invasion in 2022 and the new capital will have a multiplier effect which will further increase available investment.
"Delivering on the capital-increase commitments to Ukraine is the EBRD’s highest medium-term priority and a yardstick by which it will be judged. The EBRD will also increase its support to other countries of operation in response to both long-term transition needs and the continuing disruption and displacement resulting from the war in Ukraine," - the Bank said in its statement.
During the new SCF’s five-year period and without reducing its existing commitments, the Bank will also become fully operational in new countries in sub-Saharan Africa and Iraq.
“The Bank enters the next SCF period from a position of strength. This enables us to be even more ambitious for the impact and delivery we strive to achieve, not least in supporting Ukraine, which will continue to be our top priority,” - stated the EBRD President Odile Renaud-Basso speaking about Bank's strategic approach for the next five years.
The new SCF identifies three core themes for its activities:
Accelerating the green transition.
Advancing economic governance.
Promoting human capital and equality of opportunity for all.
It also aims to maximise the Bank’s impact through two strategic enablers:
Developing and deploying digital technology.
Mobilising more private capital.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
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