Loading
Description: Thousands of Albanian citizens rose in protest against the project on the Zvernec Peninsula connected to President Trump’s son in law, Jared Kushner. The project came under scrutiny from environmental, civil and political activists due to issues with investment transparency, endangering the unique environmental peninsula and exporting domestic tourism potential to large business consortiums. The Pishe Poro–Narta region is environmentally specific and hosts a variety of flora and fauna species including migratory birds such as Flamingoes. The region was expected to fall under the Natura 2000 environment law in the EU once Albania engaged in accession talks with t
Description: European tech chief, Hanna Virkunnen, introduced a regulatory and legislative package that forbids US tech companies such as Microsoft and Google from entering cloud tenders. She also stated that European tech companies should forward plans to develop large – scale data centers in EU’s latest push to decouple from US tech dependence. She also confirmed that EU’s investment portfolio in regard to semiconductors, chips and AI technology would significantly increase, however, immediate dependence on chip manufacturers such as Nvidia would remain an issue in the mid to long – term. Canadian Prime Minister, Mark Carney also announced the country’s new AI development
Description: Romanian President Nicusor Dan, nominated his advisor, Eugen Tomac, as interim Prime Minister in an apparent attempt to stem the political crisis. Romania’s Parliament collapsed after an unlikely alliance between the Social Democrats (PSD) and the Alliance for Uniting Romanians (AUR) ouster former Prime Minister Ilie Bolojan. Tomac would have 10 days to form a government of technocrats and survive a no confidence vote if he is expected to bring forward the much necessary budgetary reforms. Romania risks losing EUR 8.6 billion in recovery funds by the end of Aug if concise budget plan is not formalized. Impact: Tomac is unlikely to have the polit
Description: Iran has targeted the Kuwait International Airport, the largest commercial airport in Kuwait, injuring 63 people and killing one individual, after the US Navy fired hellfire missiles into the engine block of a tanker suspected of being under Iranian ownership. Despite the continued exchange of attacks, Iran and the US remain in a diplomatic standoff with the negotiations widely considered as ongoing despite Iran’s withdrawal earlier this week. Lebanon and Israel continued US – mediated talks in Washington and formally extended the ceasefire with Israel pledging to continue ground operations as part of the enforcement of the military buffer zone in Lebanon’s sout
Description: Darfur state has become the newest flashpoint of the civil war in Sudan, where tribes pledging allegiance to the RSF have recently clashed over territorial control. The Salamat and Beni Halba tribes clashed in the town of Kubum where RSF also conducted a drone strike on a rural hospital and troops pertaining to both tribal groups. Local leaders in the central Darfur state have been monitored by regional media outlets recruiting the young population into the current tribal war which significantly raised the possibility of the Sudanese civil war expanding into the other Darfur states in central Sudan. The RSF meanwhile, advertised their newly received military sup
Description: The US Treasury Department has sanctioned two senior members from the M23 rebel group and the Democratic Forces for the Liberation of Rwanda (FDLR), the Hutu militia fighting against the M23. Commander and chief intelligence officer John Imani Nzenze from the M23 and Gustave Kubwayo from the FDLR were put on the Treasury’s SDN list for inciting further violence, destabilizing large parts of eastern DRC and threatening US interests in the region. US Secretary of Treasury, Scott Bessent, stated that all entities engaged in aggravating the security situation and humanitarian conditions in the country would come under sanctions. The M23 and the FDLR have engaged in
Description: Teachers, students and other social activists clashed with riot police in Chile’s capital, Santiago, over President Jose Antonio Kast’s austerity budget measures. Chile’s ultraconservative President has vowed to cut approximately $6 billion in public spending over the next 18 months in order to improve Chile’s fiscal standing. Kast initiated at least 3% budget cuts across all ministries which drew sharp criticism from his political opponents and some members of his political camp. The Confederation of Chilean Students supported by the Teachers Union organized the peaceful march which spiraled towards violent confrontations as the police was forced to use water c
Description: Saudi utility development company ACWA Power concluded a solar project development agreement with the Filipino government for devising a 500MW solar project. The agreement was concluded between representatives of ACWA’s Filipino office and the Bases Conversion and Development Authority (BCDA) which is a state agency that manages the reconstruction of US bases in the Philippines. The project would undertake a 500 – hectare land parcel within the New Clark City initiative and would include an integrated solar photovoltaic battery energy storage system. The project was reportedly part of ACWA’s clean energy investment initiatives that were presented to Filipino Pre
Description: After Christian Schmidt’s unexpected resignation in May, Bosnia’s Peace Implementation Council would meet to appoint a new envoy to the country who oversees the implementation of the Dayton Peace Accord. Schmidt’s resignation was reportedly forced by the US which has diplomatically engaged Balkan countries in recent months through a flurry of investment diplomacy. The US also reportedly lobbied for limiting the jurisdiction of the new peace envoy after Schmidt engaged with Milorad Dodik on several occasions last year, that put the country in political turmoil. The US lifted sanctions against Dodik last year, despite Dodik’s continued separatist threats and threa
Description: Incumbent Danish Prime Minister, Mette Frederiksen, would form a new government after stalled negotiations with coalition partners. The new coalition would include Frederiksen’s Social Democrats, the Moderates, the Greens and the Social Liberals with the coalition’s political platform and upcoming ministerial positions to be published in the upcoming days. Frederiksen’s initial moves would include defiant resistance to the US over Greenland, combating domestic inflation problems and expanding welfare public services. Frederiksen suffered the most grueling defeat for the Danish Social Democrats in Mar, however, she successfully managed to navigate the negotiation