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Armenia Takes Historic Step Towards EU Membership with Presidential Approval
Armenian President Vahagn Khachaturyan has signed a law to begin the country's accession process to the European Union, a move that reflects the "aspirations of citizens" and is now part of Armenian legislation. The accession process was initiated after a civil petition gathered 60,000 signatures, and the Armenian parliament passed the bill with 64 votes in favor and 7 against, with Prime Minister Nikol Pashinyan stating that the process can only proceed with the approval…
Norway Boosts Support for Ukraine with $7.8 Billion Package for 2025
Norway's government has approved an increase in aid to Ukraine, raising total assistance to 85 billion Norwegian kroner ($7.8 billion) in 2025. The decision follows a previous agreement to boost support by 50 billion kroner ($4.6 billion). Norway has been one of Ukraine's most committed European backers, providing military aid, humanitarian assistance, and financial support. The country will allocate 3 billion kroner ($285.6 million) for humanitarian aid to Ukraine and Ukrainian refugees in Moldova in…
Myanmar Junta Leader Courts International Ties in Bangkok Amid Soaring Earthquake Casualties
The Myanmar junta chief, Min Aung Hlaing, met with the leaders of India and Thailand during a regional summit in Bangkok, as the United Nations reported that the military was limiting humanitarian aid after the earthquake that killed over 3,100 people. The earthquake has exacerbated the suffering in Myanmar, with the monsoon season approaching, and the United Nations is investigating reports of attacks by the junta against opponents, including airstrikes and restrictions on aid supplies…
Gaza Crisis Escalates: Mass Exodus as Israel Establishes Rafah Stronghold
The Israeli military has established a new security zone in the Gaza Strip, resulting in the displacement of hundreds of thousands of people. The area of Rafah has been seized by Israeli forces, leading to a significant escalation of the conflict. The creation of this security zone has forced many residents to flee their homes, with reports indicating a significant humanitarian crisis unfolding in the region. The situation remains highly volatile and unstable, with further…
Beijing Fires Back: 34% Tariff Slapped on US Goods as Rare Earth Exports Halted
The United States and China have escalated their trade tensions, with the US imposing tariffs of at least 54% on nearly all imported Chinese goods, and China retaliating with 34% duties on US goods. China has also restricted the export of seven rare earth metals, including samarium and yttrium, which are crucial for producing advanced technologies such as electric vehicles and superconductors, likely affecting the production of computer chips and other technologies. Read the full…
Canada’s Yukon Territory Fires Back at Musk Empire with Trade Tariff Counterpunch
The Yukon government is taking retaliatory measures against Elon Musk's businesses in response to new U.S. tariffs against Canada. Premier Ranj Pillai announced that the territorial government will end rebates for Tesla products and cancel some Starlink accounts. The government will also quit using the social media platform, X, which is owned by Musk. These measures aim to stand in solidarity with Canadian auto workers and prioritize local businesses over American ones in awarding government…
China Fires Back: Trump Responds to Escalating Trade War
President Donald Trump responded to China's retaliation against his tariffs, saying they "panicked" and that it's a chance to "get rich." The US stock market plummeted, with the Dow Jones dropping 5.5 percent and the S&P 5.97 percent, resulting in over $6 trillion in losses. China announced its own tariffs on US imports and plans to sue the US at the World Trade Organization, while the EU considers a response, potentially including a tax on…
Global Tax Authorities Reclaim Nearly $2 Billion Following Massive Offshore Account Exposé
The Panama Papers leak, which exposed hidden bank accounts and shady money flows, has resulted in $1.86 billion in tax arrears and fines collected by two dozen national tax agencies. The Canada Revenue Agency has assessed $83 million in taxes and penalties, but has not tracked the amount actually collected, with audits still underway and some cases ongoing for nine years. Read the full story here
Central Asia Set for Economic Boost: EU Unveils Massive €12 Billion Funding Initiative
The European Bank for Reconstruction and Development (EBRD) is preparing a €7-8 billion project portfolio by 2027, focusing on critical minerals and green energy. The European Commission has announced a €12 billion investment package for Central Asia under the EU's Global Gateway initiative, targeting areas such as the Trans-Caspian Corridor, critical raw materials, and digital connectivity. Read the full story here
Polish Parliament Greenlights Reduction in Healthcare Fees for Entrepreneurs
The Polish Sejm has approved a bill to reduce health contributions for business owners. This move aims to alleviate financial burdens on entrepreneurs and stimulate economic growth. The bill will now proceed to the Senate for further review and potential amendments, before being sent to the President for final approval. The proposed changes are expected to benefit small and medium-sized enterprises. Read the full story here