Bank of Russia may consider rate cut if current trends persist
Bank of Russia Governor Elvira Nabiullina stated that the central bank will consider cutting interest rates at its next meeting if the current economi...
France will use interest from Russian assets to fund another 195 million euros ($211 million) in arms for Ukraine, Armed Forces Minister Sebastien Lecournu said a newspaper interview.
France also plans to hand over some of its older armoured fighting vehicles, such as its AMX-10RC and personnel carriers, Lecournu told La Tribune weekend newspaper.
"Thanks to interest from frozen Russian assets, we will also tap new funds worth 195 million euros," Lecournu said, adding that it would be used for 155-mm artillery shells and glide bombs for Mirage 2000 fighter jets France has given Ukraine.
The Group of Seven powers agreed last year to provide Ukraine with $50 billion via a series of bilateral loans that Kyiv could pay off using windfall profits from $300 billion of frozen Russian state assets.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
A delegation from Azerbaijan, led by MP Qaya Məmmədov, took part in the annual session of the Organisation for Security and Cooperation in Europe Parliamentary Assembly (OSCE PA), held from 28 June to 3 July in Porto, Portugal.
UN Secretary-General António Guterres on Thursday warned that the humanitarian situation in the Gaza Strip has reached a critical level and called for an immediate and lasting ceasefire. He emphasised that vital infrastructure is on the verge of collapse due to a severe fuel shortage.
The US House of Representatives approved a significant tax-cut and spending bill on Thursday, passing it by a narrow margin of 218 to 214. The legislation has now been sent to President Donald Trump for his signature.
Former UK Labour leader Jeremy Corbyn has hinted at forming a new party with fellow independent MPs before the next general election.
Russia has officially become the first country to recognise the Taliban government in Afghanistan, marking a significant shift in diplomatic relations.
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