Bloomberg L.P.
The G7 and the EU are discussing sanctions against banks that use Russian analog SWIFT systems to circumvent restrictions, as their use tripled in 2023.
Ukraine cannot agree with China's demands to invite Russia to a peace summit, as this would distort the goal of the summit - to develop a collective position of the international community for further transmission of proposals to Russia.
Lithuania is ready to send military instructors to Ukraine to train Ukrainian military personnel on Ukrainian territory in partnership with other countries ready to do so, as part of efforts to help Ukraine defend its sovereignty and territorial integrity from Russian invasion.
Sweden threatens to unilaterally block imports of Russian liquefied natural gas if Hungary interferes with EU sanctions on Russian LNG.
The war with Hamas in Gaza is currently the most expensive in Israel's history. The expected total cost by 2025 is estimated at NIS 250 billion ($67.4 billion).
Biden's participation in the peace summit in Switzerland remains uncertain, as the United States has not confirmed his presence, possibly for security reasons. Its presence or high-level representation by the United States is crucial for demonstrating Western support for Ukraine's peace initiative.
Russia plans to raise corporate income tax from 20% to 25% and personal income tax for high-income individuals from 15% to 22% starting in 2025 to cover the budget deficit caused by the war in Ukraine.
Telegram's lack of accountability and lax content moderation policies make it a popular platform for pro-Kremlin accounts to spread disinformation, which poses a challenge for European officials fighting fake news, as it remains outside the scope of the EU's Digital Services Act due to the size of its user base.
Russian companies facing difficulties in trading with China due to Western sanctions are increasingly using cryptocurrencies such as Tether and barter transactions to circumvent financial restrictions.
The price of bitcoin fell by more than 3% as traders tracked transfers of more than 107,000 bitcoins worth $7. 2 billion from wallets linked to the defunct Mt. Gox exchange.
China has no information about sending a delegation to the Ukraine Peace Summit scheduled for June 15-16 in Switzerland, but supports efforts to reach a peaceful settlement and “political solution” to the “crisis.
The EU is considering how to move from the upcoming Peace Summit in Switzerland to a possible meeting in Saudi Arabia in the fall with Russia's participation.
Zelensky called on Biden and Xi to support the Peace Summit with their personal leadership and participation, calling for global efforts to achieve real peace, not a pause between blows.
Two suspects, including a former forestry worker and a firefighter, have been detained on charges of causing a deadly forest fire in Chile's Valparaiso region in February that killed more than 100 people.
The European Union is discussing sanctions against Iranian Defense Minister Mohammad-Reza Ashtiani for providing military support to groups in the Middle East and the Red Sea, as well as for supplying Russia with drones and missiles.
Hungary is working to “redefine” NATO membership, Orban said.
Biden is likely to skip the Peace Summit in Switzerland to attend a fundraiser for his campaign in California with celebrities such as George Clooney and Julia Roberts.
Polish authorities are stepping up security at the “aid hub for Ukraine” due to growing concerns about Russian-backed sabotage operations.
A Russian oil tanker's engine failed while passing through the Turkish Dardanelles Straits, temporarily blocking maritime traffic for three hours.
South Korea has unveiled a $19 billion stimulus package to support its microprocessor industry and boost the competitiveness of Samsung Electronics and SK Hynix.
Oil prices fell for the third consecutive session on Wednesday amid expectations that the U. S. Federal Reserve could hold high interest rates longer to combat sustained inflation, potentially affecting fuel demand from the world's largest oil consumer.
Austrian oil and gas concern OMV warns that it may not be able to pay Gazprom on time due to the decision of the European Court of justice, which may lead to the termination of Russian gas supplies to Austria.
Dutch microchip maker ASML has told the US that it may remotely turn off chip-making equipment at Taiwan's TSMC plant if China invades the island.
U. S. Treasury Secretary Janet Yellen called on European banks to step up efforts to combat Russian sanctions evasion, including through third parties and sensitive goods originating in the U.S. and Europe.
Germany agrees to support a U. S. plan to use frozen Russian assets, mostly in Europe, to provide $50 billion in aid to Ukraine.
Mac Studio and Mac Pro will not receive Apple's M4 chip until mid-2025, continuing to run on this year's M2 generation, while other Macs other than the MacBook Air will switch to M4 by 2025.
Poland plans to invest $2. 55 billion to strengthen its 400-kilometer land border with Russia and Belarus as part of the Eastern Shield plan, which includes the construction of new fortifications, fences, terrain changes, and reforestation to make the border safe and impenetrable.
On May 10, when Russian troops launched a new offensive in the Kharkiv region, Starlink communication terminals used by the Ukrainian military stopped working due to Russian electronic jamming, making them "completely blind" and unable to track the movements of Russian troops.
European banks have tripled their profits in Russia since the start of the full-scale war, despite pressure to leave the country due to sanctions and the risk of heavy fines.
Oil prices continued to rise on Thursday amid signs of strong demand and slowing inflation in the US.