European Central Bank reduces rates as inflation aligns with target
The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
Uzbekistan is accelerating its efforts to join the World Trade Organization (WTO), with President Shavkat Mirziyoyev emphasizing swift progress on key negotiations and reforms to complete the accession process by 2026.
Uzbekistan, led by President Shavkat Mirziyoyev, is expediting WTO accession, aiming to finalize talks with nine countries by late 2025.The country has already held four Working Group meetings since 2023, addressing over 500 sector-specific issues and finalizing agreements with 24 out of 33 negotiating countries.
Uzbekistan has reformed its laws and revoked six state enterprises' exclusive rights to align with WTO standards and promote competition. President Mirziyoyev has emphasized the urgency of adopting additional regulatory acts in areas such as food safety, technical regulations, and sanitary standards, along with strengthening human resource capacity.
Uzbekistan’s commitment to WTO principles aligns with its goal to finalize membership by the 14th WTO Ministerial Conference in 2026. Experts predict WTO membership could significantly boost Uzbekistan's economy, increasing GDP by up to 17% over seven years and unlocking $6 billion in export potential.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
Federal authorities have arrested 14 suspects in Los Angeles linked to an Armenian organized crime ring accused of stealing $30 million in COVID relief and Small Business loans intended to support American taxpayers.
Officials from Turkmenistan and the Republic of Türkiye held comprehensive consultations at the Ministry of Foreign Affairs of Turkmenistan today, reaffirming their commitment to deepening bilateral ties across political, diplomatic, economic, and cultural spheres.
Armenia's unchecked mining pollution poses a severe environmental crisis, imperilling water resources and health across the South Caucasus, including Azerbaijan. Heavy metal contamination in shared rivers threatens ecosystems and human well-being, demanding urgent international action.
China approved 11.29 gigawatts (GW) of new coal-fired power capacity in the first quarter of 2025, surpassing the 10.34 GW approved in the entire first half of 2024, according to a new report released by Greenpeace on Thursday.
Chinese authorities have warned of increased flood risks across northern China during the summer months, predicting more frequent and intense storms between June and August.
China’s central bank has announced a new set of measures to strengthen financial support for small and medium-sized enterprises (SMEs), aiming to help them navigate external uncertainties and maintain stable operations, according to a senior official at the People’s Bank of China (PBOC).
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