News
Iranians cast votes in parliamentary runoff election
Iranians returned to the polls on May 10 for a runoff election to fill the remaining seats in the nation’s parliament, following a strong showing by hard-line politicians in the initial March voting.
Czech government slams Liberty Steel for missed social payments and unrealistic promises
Government says Liberty owner Sanjeev Gupta's restructuring plans are not realistic.
China and Hungary sign 18 agreements during last leg of Xi's European tour
Chinese President Xi Jinping said mutual political trust provided a "firm foundation" for strengthening Chinese-Hungarian ties in a joint press conference with his host, Hungarian Prime Minister Viktor Orban on May 9.
Putin accuses ‘arrogant’ West of risking global war at 2024 Victory Day celebrations
The West is risking inciting a global conflict, Russian President Vladimir Putin claimed during his speech on Red Square at Moscow’s Victory Day celebrations.
Iran’s northern cities hit with golfball-sized hail in epic deluge
Iran’s northern Khorasan and Gilan provinces have been hit by a heavy rainstorm and mega hailstorms in the latest of a string of flooding incidents in the usually arid country
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Turkey signs LNG deal with US supermajor ExxonMobil placing question mark over Russian gas supplies
Ankara has ambition to make country an energy supply powerhouse based on re-exports.
EU-Georgia relations hit a new low as Tbilisi warns of foreign-funded power-grab
State Security Service accuses demonstrators of wanting to overthrow the government with foreign funding.
Russia hits Ukrainian power facilities in six regions with intense missile attack, imports from EU won't cover winter demand
Russian forces launched an intense missile attack on Ukraine's energy infrastructure in six regions on May 8. Half of Ukraine’s power facilities are now out of action to the point where European imports won't cover this winter's demand.
North Macedonia’s opposition VMRO-DPMNE celebrates twin electoral victory
VMRO-DPMNE wins both general and presidential elections as voters punish ruling SDSM for failure to tackle corruption.
RBI caves into pressure to give up Strabag deal
US authorities had raised the threat of sanctions, leading the Austrian central bank to warn RBI against the deal.
China to intensify relations with Serbia after President Xi's landmark visit to Belgrade
Serbia is one of just three countries on President Xi Jinping's European tour.
Croatia’s HDZ, Homeland Movement agree on ruling coalition
Andrej Plenkovic to get a third term as PM after securing backing from rightwing Homeland Movement.
Ukrainian oligarch Kolomoisky faces life imprisonment for murder
Igor Kolomoisky, once considered Ukraine’s most influential oligarch and a supporter of President Volodymyr Zelenskiy, has been charged with an organised murder from over 20 years ago, which carries a penalty of life imprisonment.
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Premier Energy seeks to raise over €135mn with Bucharest IPO
Power and gas utility group Premier Energy's IPO kicks off on May 8, raising funds for its expansion into renewables in Romania and Moldova.
Korea turns to Uzbekistan in bid to meet demand for additional 3,000 automotive workers per year
Wider world of work both east and west appears to be opening up to Uzbek labour migrants.
China’s Xi Jinping arrives in Serbia on anniversary of Belgrade embassy bombing
Serbia has become a key partner of China in Europe, benefitting from Chinese investments into infrastructure development and industrial production.
New Ukraine funding deal gives EU members opt out on military spending using CBR frozen funds
Neutral EU member states will be able to opt out of a plan to use profits from Russia’s central bank frozen assets to purchase weapons for Ukraine.
Polish judge shows up in Minsk asking for political asylum
Judge Tomasz Szmydt says he is protesting against the actions of the Polish authorities that could potentially lead to military conflict with Belarus and Russia.
Von der Leyen says EU will close rule-of-law dispute with Poland
The Commission will present an analysis of the state of the rule of law in Poland at a General Affairs Council meeting on May 21.
Raiffeisen says pressure to cut Russian loanbook will complicate exit
Austrian lender suspends full-year target numbers after the ECB warning.