Pakistan warns melting glaciers may worsen floods, demands climate funds
Pakistan's Prime Minister has warned that melting glaciers may intensify flooding, urging rich nations to fulfill climate finance pledges.
The International Monetary Fund (IMF) executive board approved a new $1.4 billion loan to Pakistan under its climate resilience fund, alongside the first review of its $7 billion program.
The IMF praised Pakistan's policy efforts, noting significant progress in stabilizing the economy and rebuilding confidence amidst a challenging global environment. However, India raised concerns at the IMF board meeting, urging a broader review of Pakistan’s loans due to tensions between the two countries, particularly following an April attack in Indian Kashmir that killed 26 Hindu tourists and sparked intense clashes.
India voiced worries about the potential misuse of debt funds for cross-border terrorism. In response, Pakistan’s Prime Minister, Shehbaz Sharif, dismissed these concerns, stating that India's efforts to undermine the IMF program had failed. The staff-level agreements for both programs were made before the escalation of hostilities between the nuclear-armed neighbors.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
An international academic conference titled "Islamophobia: Exposing Prejudice and Destroying Stigma" has officially opened in the capital of Azerbaijan, bringing together global scholars, experts, and policymakers to address the rise and consequences of anti-Muslim discrimination.
Türkiye’s first floating natural gas production platform, Osman Gazi, reached Filyos Port in Zonguldak on May 31.
Authorities in Whatcom County, Washington, issued a warning Friday after a truck carrying honey bee hives overturned near the Canadian border, initially prompting fears that millions of bees had been released.
German Chancellor Friedrich Merz will travel to Washington next week to meet U.S. President Donald Trump.
Landslides and flash floods caused by days of heavy monsoon rain have killed at least 22 people in India’s northeast, officials said.
Cambodian Prime Minister Hun Manet said Saturday that the border conflict with Thailand “must be resolved with patience and through legal and diplomatic channels.”
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