Russian markets open lower ahead of Istanbul talks with Ukraine
Russian stocks and the ruble fell as investors reacted cautiously to upcoming negotiations between Russia and Ukraine in Istanbul.
A Chinese military official on Saturday rejected U.S. allegations about Beijing’s regional behavior, accusing Washington of destabilizing the Asia-Pacific region.
Rear Admiral Hu Gangfeng, vice president of the National Defense University of the People’s Liberation Army (PLA), made the comments at the Shangri-La Dialogue defense summit in Singapore. His remarks came in response to statements earlier in the day by U.S. Secretary of Defense Pete Hegseth, who said China was harassing neighbors in the South China Sea and preparing for a possible invasion of Taiwan by 2027.
Hu called Hegseth’s accusations “groundless” and said they were meant to "stir up trouble, create division, and incite confrontation."
He also criticized what he described as growing military alliances and deployments in the region, saying: “Some countries are promoting exclusive and confrontational small circles and have drastically increased their military presence.”
Hu said actions under the pretext of “freedom of navigation” were infringing on sovereignty and contributing to instability in the Taiwan Strait and broader Indo-Pacific maritime cooperation.
China’s Defense Minister Dong Jun did not attend this year’s summit, marking a break from regular participation since 2019.
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.
As the US-China trade standoff intensifies, Beijing has released a striking video vowing to resist pressure and uphold its global trade role, accusing Washington of economic coercion.
Britain will expand its nuclear-powered attack submarine fleet and overhaul its defence posture under a major strategic review aimed at preparing the country for modern warfare and countering the growing threat from Russia.
Russia’s Defence Ministry reported that 162 Ukrainian drones were shot down overnight during what it described as a large-scale drone attack on its territory.
Iran says U.S. must clarify sanctions stance as nuclear talks continue. Tehran demands clear path to lifting "oppressive" sanctions, while Oman mediates amid lingering disputes over uranium enrichment.
Romanian authorities have evacuated dozens of residents near the Praid Salt Mine amid fears of a collapse triggered by heavy flooding, as emergency teams scramble to contain the damage and safeguard one of the country’s top tourist sites.
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