AnewZ Morning Brief - May 3rd, 2025

Start your day informed with AnewZ Morning Brief: here are the top news stories for May 3rd, covering the latest developments you need to know.

Azerbaijan’s Energy Minister Meets Romanian, Bulgarian Counterparts in Türkiye

Following the meeting with Bulgaria's minister, Shahbazov stated on X that the discussions focused on strengthening cooperation in natural gas supply and transit, advancing the Azerbaijan-Georgia-Türkiye-Bulgaria Green Energy Corridor project, and supporting Bulgaria’s gasification efforts.

Trump Proposes $163B Budget Cut

U.S. President Donald Trump's administration on Friday proposed a $163 billion cut to the federal budget that would sharply reduce spending on education, housing and medical research next year, while increasing outlays for defense and border security.

Chile downgrades tsunami alert after 7.4-magnitude earthquake off southern coast

Chilean authorities have downgraded a tsunami-related evacuation alert after a powerful 7.4-magnitude earthquake struck off the country’s southern coast, initially prompting widespread concern across coastal areas.

US readies Russia sanctions over Ukraine, unclear if Trump will sign, sources say

U.S. officials have finalized new economic sanctions against Russia, including banking and energy measures, to intensify pressure on Moscow to embrace U.S. President Donald Trump’s efforts to end its war on Ukraine, according to three U.S. officials and a source familiar with the issue.

Erdogan: 1st electricity from Akkuyu Nuclear Plant by Year-End

Turkish President Recep Tayyip Erdogan on Friday announced a significant milestone for the country's energy sector, highlighting progress on its first nuclear power plant.

"By the end of this year, we will begin trial production and deliver the first electricity from Akkuyu (Nuclear Power Plant)," Erdogan said at a natural resources summit in Istanbul.

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