U.S. downs Iranian drones as strikes deepen tensions in Gulf
The United States and Iran have traded fresh strikes, with the U.S. hitting military sites and Iran launching missiles and drones at bases and ship...
Russian oil supplies to Hungary and Slovakia could be suspended for at least five days following the latest Ukrainian strike on a facility in Russia, the Hungarian and Slovakian governments said on Friday (22 August), in a widening of the fallout of the Ukraine war.
The European Union reduced energy supplies from Russia after its full-scale invasion of Ukraine in 2022 and is seeking to phase out Russian oil and gas by the end of 2027.
EU members Slovakia and Hungary are opposed to the phase-out, saying their economies depend on the Russian supplies. The two countries have also opposed to sanctions against Russia that Ukraine says are vital to push Moscow towards a viable peace.
The Hungarian and Slovak governments wrote to Europe's executive Commission on Friday saying that the latest Ukrainian attack could leave them without Russian oil imports for at least five days, urging it to guarantee the security of supplies.
The Soviet-era Druzhba pipeline, which runs through Belarus and Ukraine, ships oil from Kazakhstan to Germany via Poland, as well as from Russia to Hungary and Slovakia. Germany said its supplies of Kazakh oil were unaffected by the latest strike.
Russia and Ukraine have stepped up attacks on each other's energy infrastructure over the past few weeks despite a push by U.S. President Donald Trump to reach a deal to end the conflict, which is now in its fourth year.
The Ukrainian strike on Thursday night marked the second time this week that Russian oil supplies have been cut to Hungary and Slovakia, after a halt on Monday and Tuesday.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
A London court has handed down lengthy sentences to activists from campaign group Palestine Action, who raided an Israeli-owned arms company in the UK.
Sierra Leone’s First Lady, Fatima Jabbe-Bio, has lost her London social housing flat after a UK council seized it.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Ukraine will increase military wages and expand recruitment of foreign volunteers, President Volodymyr Zelenskyy announced on Friday, as the armed forces face a critical personnel shortage after more than four years of war with Russia.
Poland will receive a new $4 billion loan from the United States through the Foreign Military Financing (FMF) programme, strengthening defence ties between the two NATO allies as Warsaw continues a major military modernisation drive.
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