Trade tensions and plane delivery delays challenge airline growth
Global airline growth faces major hurdles from rising trade barriers and ongoing plane delivery delays amid record passenger numbers.
Turkish President Recep Tayyip Erdogan held separate phone calls on Saturday with Bulgarian President Rumen Radev and Somali President Hassan Sheikh Mohamud to talk about bilateral ties as well as regional and global topics.
During the call with Radev, Erdogan said efforts to end the war between Ukraine and Russia are ongoing. He noted Türkiye is closely watching Bulgaria’s careful approach and is working to bring the parties together in Istanbul to find peace in the region.
Erdogan also highlighted improving relations between Türkiye and Bulgaria, with progress in many areas. He mentioned ongoing work to boost cooperation in defense and energy sectors.
In his talk with Somalia’s Mohamud, Erdogan said Türkiye supports Somalia’s development goals through democracy and will continue helping Mogadishu fight terrorism.
He also stressed that Türkiye’s support in energy and fishing with Somalia will carry on, describing the cooperation as promising.
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.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
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.
Italian Prime Minister Giorgia Meloni has positioned Italy as a key gateway for EU engagement with Central Asia, securing over €7 billion in deals during a high-level tour of Uzbekistan and Kazakhstan aimed at reinforcing energy, trade, and diplomatic ties.
Since taking office in January, Trump's sweeping tariff decisions, ranging from steel to smartphones have shaken markets, sparked global tensions, and triggered legal battles, with major duties hitting China, the EU, and even U.S. allies.
The UK will boost its fleet of nuclear-powered submarines and push defence readiness in response to evolving global threats and shifting U.S. security commitments under President Trump.
Karol Nawrocki, a conservative historian and eurosceptic, has won Poland's presidency with 50.89% of the vote, promoting a nationalist platform, military aid to Ukraine, and a strongman image that resonated with right-wing voters.
The Philippines and the European Union have agreed to launch a security and defense dialogue aimed at addressing emerging challenges such as cyber threats and foreign interference, Philippine Foreign Minister Enrique Manalo announced on Monday.
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