Israel’s defense minister warns of possible action after missile fired from Yemen
Israel’s defense minister Israel Katz issued a warning toward Yemen following a missile launch by Houthi forces....
The European Union has adopted four new sanctions packages against Russia—its 17th targeting Moscow’s shadow oil fleet—as part of ongoing efforts to tighten pressure over the war in Ukraine.
The measures affect over 130 individuals and entities, including Russian oil major Surgutneftegaz, shipping insurers, and four shadow fleet operators based in the UAE, Turkey, and Hong Kong. An additional 189 vessels, mostly oil tankers, were blacklisted—raising the total number of sanctioned ships to 324.
The EU aims to block efforts to bypass the G7 price cap on Russian oil, which bars Western-insured shipments above $60 per barrel. Brussels is also pushing to lower the cap at this week’s G7 finance ministers' meeting in Canada.
While a move to sanction Litasco’s Dubai branch was dropped due to Hungarian opposition, its affiliated Eiger Shipping DMCC was included in the final list.
The bloc also intensified scrutiny on tankers using “flags of convenience” from countries such as Sierra Leone, Gabon, Comoros, India, Azerbaijan, San Marino, and various Caribbean and Pacific island nations.
In parallel, new restrictions were placed on dual-use exports—items that could support Russia’s military sector. Entities in China, Belarus, and Israel were named for allegedly aiding Russia’s military-industrial complex.
EU officials confirmed that sanctions will continue and said work on an 18th sanctions package is already underway.
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.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Israel’s defense minister Israel Katz issued a warning toward Yemen following a missile launch by Houthi forces.
Azerbaijani media outlets have released the full explanatory statement of Russian Air Defence Captain Dmitry Paladichuk, confirming that he received and relayed a direct order to fire upon a target later identified as AZAL flight J2-8243.
Concerns over new U.S. tariffs under President Donald Trump are weighing on global manufacturing, though June data show signs of resilience in countries like Japan, China, and Ireland.
Ukrainian President Volodymyr Zelenskyy spoke with Azerbaijani President Ilham Aliyev on July 1 to offer condolences, express gratitude for regional support, and reaffirm mutual commitment to sovereignty and bilateral cooperation.
The U.S. Department of Justice and FBI on Monday announced an arrest and indictments related to North Korea’s 'IT worker' program, through which North Koreans secured remote tech jobs at more than a 100 U.S. companies to steal money and data globally.
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