ADB predicts accelerated growth for Central Asia, Caucasus economies
The Asian Development Bank (ADB) has revised its outlook for the economies of Central Asia and the Caucasus by raising its growth forecast for 2026...
Political tensions are mounting in Canada as Prime Minister Justin Trudeau faces growing criticism from opposition parties and challenges within his own administration.
President-elect Donald Trump recently joked about Canada becoming the 51st U.S. state, claiming on Truth Social that it would save Canadians on taxes and military expenses.
A Leger poll suggests that 13% of Canadians support the idea. Trump had previously made the same joke at a Mar-a-Lago dinner, linking it to combating fentanyl trafficking and illegal migration.
Since then, Trump has referred to Canadian Prime Minister Justin Trudeau as the "governor" of Canada, sparking further controversy.
Meanwhile, Trudeau is grappling with a political crisis following the resignation of Finance Minister Chrystia Freeland. Freeland opposed Trudeau’s policies, including a sales tax holiday and direct cash payments, which she criticized as "costly political gimmicks." She also expressed concern over Trump’s threat to impose 25% tariffs on Canadian goods, a key point of disagreement with Trudeau.
The situation escalated during heated debates in Canada’s House of Commons before the winter break. With Trudeau absent, opposition MP Andrew Scheer criticized his leadership, highlighting internal turmoil and a $62 billion budget deficit that exceeded the earlier $40 billion target.
In an effort to stabilize his administration, Trudeau appointed Dominic LeBlanc as finance minister. LeBlanc defended the government’s economic policies, emphasizing growth, support for Canadians, and a strong debt-to-GDP ratio.
Amid growing criticism and waning public support, with Conservatives polling at 43%, compared to the Liberals’ 23%, Trudeau rejected calls for his resignation. He reaffirmed his commitment to addressing challenges such as inflation, global conflicts, and threats to democracy.
With the Liberal Party holding a minority in Parliament, a confidence vote on Trudeau’s leadership is expected in early 2025.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
Ukraine "deeply appreciates" the humanitarian support of Pope Leo XIV. This was stated by Ukrainian President Volodymyr Zelenskyy after a meeting between the two at the papal residence of Castel Gandolfo, on Tuesday, 9 December.
Ukraine has handed the United States a revised 20-point peace proposal aimed at ending the war with Russia, a Ukrainian official said on Thursday, 11 December.
Putin’s visit to India has put the spotlight on New Delhi’s evolving defence strategy as it seeks to modernise Russian-made systems with domestic production. At the same time, India is carefully navigating its ties with the U.S. and Europe ahead of key diplomatic visits.
Former French President Nicolas Sarkozy has released his book, "Diary of a Prisoner" ("Le Journal d’un Prisonnier"), on his time in jail following his conviction. .
U.S. President Donald Trump has formally launched a scheme offering fast-tracked U.S. visas to foreigners who can pay at least $1 million — or companies willing to spend $2 million to sponsor a worker they want to bring into the country.
The U.S. House of Representatives on Wednesday advanced the National Defense Authorization Act, the NDAA, for the next fiscal year, with broad bipartisan support.
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