Popular Post
BP Chairman Set to Step Down as Investor Backlash Grows Over Climate Strategy
BP's chair, Helge Lund, is set to step down after growing shareholder opposition derailed the company's net zero agenda. Lund's decision to leave comes after the board was forced to reverse its green agenda due to pressure from activist investor Elliott, and he will remain in his post until a successor is found, likely in 2026. Read the full story here
Tensions Escalate: Gaza Strip Sees Rocket Strikes and Mass Evacuation Warnings
Israeli officials have issued evacuation orders for certain areas in Gaza as tensions escalate between Israel and Hamas. The orders come after Hamas fired rockets at Israeli cities, sparking concerns of a potential conflict. The situation remains volatile as both sides exchange blows, with the international community calling for restraint to avoid further escalation. The conflict has raised concerns about the potential for widespread violence. Read the full story here
Market Mayhem: ASX 200 Plunges $100bn in Historic Single-Day Collapse Amid Trade Tensions
The Australian share market experienced its largest one-day fall in nearly five years, with the S&P/ASX 200 index plummeting over 4% to 7,343 points, resulting in a loss of $100bn in value from local stocks. Investors are spooked by fears of a full-blown trade war and global recession, triggered by the US president's tariff plan, which has led to a significant decline in the market, with few places to hide, including banking, mining, and energy…
Global Equities Slide as Asian Markets Open Lower
Asia-Pacific markets have extended their sell-off, fueled by fears of a global trade war sparked by U.S. President Donald Trump's tariffs. The Hang Seng Index declined 13.22% to 19,828.30, while the Nikkei 225 fell 7.83% to hit an 18-month low, amidst a risk-off mood in the region, with various markets experiencing significant losses. Read the full story here
Ukraine Warns of Catastrophic Risks as Russia Considers Rebooting Zaporizhzhia Nuclear Facility
The Zaporizhzhia nuclear plant in Ukraine cannot be safely restarted by Russia, according to Petro Kotin, chief executive of Energoatom. Kotin stated that the plant has major problems to overcome, including insufficient cooling water and personnel. A Ukrainian restart would take two months to two years in a peaceful environment, while a Russian restart during wartime would be impossible. The plant's future is a significant aspect of any negotiations to end the war in Ukraine,…
Transatlantic Tensions Rise: US Caution’s Europe Over Defense Initiative Exclusivity
This website utilizes cookies to enhance user experience, storing information in the browser to recognize returning visitors and analyze website usage patterns. The stored cookie information helps the website team understand which sections are most interesting and useful to visitors, allowing for improved website functionality and user experience. Read the full story here
Korean Lawmakers Eye Constitutional Overhaul to Limit Presidential Power
The South Korean assembly speaker has proposed a revision to the country's constitution in an effort to limit the power of the presidency. This move aims to address concerns over the concentration of power in the presidential office. The proposed revision would redistribute power among government branches, promoting a more balanced system of governance, and is expected to be reviewed by the assembly in the coming months. Read the full story here
Korean Shipbuilder Eyes Slice of America’s Naval Expansion Plans
The U.S. Navy's $1 trillion fleet expansion plan has sparked interest from South Korea's HD Hyundai Heavy Industries, which aims to become a key partner by leveraging its Aegis destroyer production capabilities and scalable shipbuilding infrastructure. HD HHI has showcased confidence in its naval shipbuilding capabilities, with a proven track record of delivering major projects, including the Philippine Navy's corvette BRP Miguel Malvar and the ROKS Jeongjo the Great destroyer, and plans to expand its…
Hamas Sought $500 Million from Iran to Fuel Two-Year Plan for Israel’s Demise
In a reported request, Hamas leaders allegedly asked Iran for $500 million in funding in 2021. The stated goal of this request was to destroy Israel within a two-year timeframe. The request highlights the ongoing tensions between Israel and Hamas, with Iran potentially playing a significant role in the conflict. The situation remains a source of concern in the region, with implications for regional stability. Read the full story here
Armenia and France Fortify Partnership with Enhanced Defense Cooperation
Armenian Minister of High-Tech Industry Mkhitar Hayrapetyan met with Emmanuel Chiva, Chief Executive of the French Defense Procurement Agency (DGA) in France. The two discussed prospects for developing military-industrial cooperation between the countries. The meeting also covered technological exchange programs and defense technologies development in Armenia, with other officials, including the Armenian Ambassador to France, in attendance. Read the full story here