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32d06/12⚠ war-conflict · 3/5

Armenia's Western Pivot Survives Moscow's Pressure Campaign

Politics, Geopolitics & Conflict Armenian Prime Minister Nikol Pashinyan won re-election on Sunday, defeating a Russian-backed opposition campaign and keeping the country on the Western trajectory. But the result fell short of giving him the parliamentary supermajority needed to easily implement some of the most consequential elements of his agenda. Pashinyan’s Civil Contract party won 64 of 105 seats. It’s enough to remain in power and continue deepening ties with the U.S. and EU, while advanci

◇ unclassifiedmiddle-east · russia · usa
32d06/12⚠ war-conflict · 3/5

Oil Prices Slide as Traders Bet on Diplomacy

July WTI crude oil futures traded sharply lower through Thursday as traders removed much of the geopolitical premium tied to tensions between the United States and Iran. Through June 11, the contract traded between a high of $95.47 and a low of $85.13 before settling near $85.93. At that level, prices were down $4.32, or 4.79%, from last week's close. The week's price action was driven largely by changing expectations surrounding President Trump's approach toward Iran. Early concerns that the co

◇ unclassifiedmiddle-east · russia · usa
32d06/12

India Set to Miss Budget Deficit Target as Oil Shock Strains Public Finances

India may be on track to miss its target for budget deficit for the first time since 2021 as the oil supply shock pressures government coffers. The government of the world’s third-largest crude oil importer is preparing to exceed its own deficit target from early this year as the Middle East crisis is testing the resilience of public finances amid soaring energy import bills, an Indian official with knowledge of the plans told Bloomberg on Friday. India may allow the budget deficit to widen to 4

◇ unclassifiedmiddle-east · russia · usa
32d06/12

Europe is blaming China’s economic rise for its own failures, think tank says

As the European Union prepares tougher measures to counter what it sees as the “China shock 2.0”, a researcher with a Beijing-linked think tank has accused Brussels of clinging to a flawed narrative that China’s economic rise is an inherent threat to Europe. The criticism came as Beijing reportedly cancelled two high-level meetings with the EU in the Chinese capital this month, including a ministerial-level digital dialogue and a visit by a senior EU diplomat, according to the Financial Times on

◇ unclassifiedchina · asia · europe
32d06/12⚠ war-conflict · 3/5

Oil Prices Tumble 4% on Iran Peace Optimism

Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal. As of morning trade in Europe, the international benchmark, Brent Crude, had slipped by 4.34% at $86.36, extending the losses from Thursday when U.S. President Donald Trump called off a strike on Iran, claiming that a deal had been reached. The U.S. benchmark, WTI Crude, had dipped by 4.47% at $83.88. Both benchmarks were headed to a three-month low amid one of the mos

◇ unclassifiedmiddle-east · russia · usa
32d06/12⚠ war-conflict · 2/5

China-EU tensions, Xi in North Korea, flatlining retail sales

China called on major nations to “foster a free and facilitative trading environment” ahead of two summits next week that may herald a trade war with the European Union. Vice-Premier Zhang Guoqing said China was “steadfastly expanding high-standard opening up” in a videoconference hosted by French President Emmanuel Macron on Thursday. German Chancellor Friedrich Merz and Canadian Prime Minister Mark Carney attended along with representatives from Brazil, India, Italy, Japan, South Korea,...

◇ unclassifiedchina · asia · germany
32d06/12⚠ war-conflict · 1/5

Exclusive: Ukraine's drone commander wants to cut Crimea off from Russia

Same supply corridor as the Mariupol port and Chonhar bridge strikes this week, now with a name attached to the plan. Brovdi, call sign Madyar, runs Ukraine's drone forces. He told Reuters traffic on the Novorossiya highway is down by more than two thirds in the past month. That road is the main overland route from Rostov into Crimea. He thinks full control of it is about a month out. His numbers, which Reuters says it could not verify: 174 Russian air defence systems destroyed in five months, a

Social◇ unclassifiedusa · europe · russia
32d06/12

With Central Asia rising, John Lee’s visit was well timed

In their 2022 book Sinostan, Raffaello Pantucci and Alexandros Petersen saw Central Asia as China’s “inadvertent empire”. If that is true – and the five-country region embracing Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan and Tajikistan (informally called the C5) certainly sits at the heart of China’s Belt and Road Initiative – then Beijing could not have chosen a less noticed corner of the world atlas. Unnoticed, perhaps, by almost everyone except Halford Mackinder, who in 1904 described..

◇ unclassifiedchina · asia
32d06/12⚠ war-conflict · 3/5

The Hidden Infrastructure Challenge Behind Renewable Energy Growth

The Middle East crisis has spurred more interest in alternative energy supply, but the evolution of transition technology has made transporting things like turbine blades and batteries problematic, DHL’s chief executive has warned. “Large wind turbines now have blades of astonishing dimensions,” Tobias Meyer told the media, as quoted by Bloomberg. “These large cargoes create high wind loads for vessels, require stacking and specialized rigs to transport, as they are also quite vulnerable.” Wind

◇ unclassifiedmiddle-east · russia · usa
32d06/12

India Caps Fuel Sales to Avoid Shortages

India has imposed limits on gasoline and diesel sales at retail fuel stations to avoid supply crunches, with commercial consumers banned from buying any fuel from retail stations, Bloomberg reported, noting there will be daily limits on diesel sales. The diesel cap was set at 200 litres per vehicle or customer, with resale of the fuel forbidden, Reuters noted in a report on the news. Commercial users, meanwhile, will have to get their fuels from bulk sellers after their rush to retail fuel stati

◇ unclassifiedmiddle-east · russia · usa
32d06/12

China investigates 3 more officials over deadly Hunan fireworks factory blast

A series of emergency management and local government officials in central China’s Hunan province have come under investigation following a catastrophic fireworks factory explosion that killed 37 people last month. The provincial discipline inspection commission announced on Thursday that three senior figures within the emergency management system were under investigation for “serious violations of discipline and law”. The officials are Lei Min, deputy director of the safety production emergency

◇ unclassifiedchina · asia
32d06/12

In Malaysia, over 1,000 Orang Asli rally for land rights: ‘we’re not going anywhere’

More than 1,000 Orang Asli, the indigenous people of Peninsular Malaysia, rallied outside a federal ministry in Putrajaya on Friday in a rare mass protest to demand recognition of their ancestral land and an end to evictions and development on their territories. Many wore traditional headgear as they marched through Malaysia’s administrative capital, carrying signs reading “Orang Asli are not immigrants”, “Respect the Orang Asli right to self-determination” and “Our voices will not be...

◇ unclassifiedchina · asia · usa
32d06/12

Compensation for pension points due to childcare

Hello everyone, my wife and I have thought about making up the difference for the period that my wife is on parental leave and she "only" gets one pension point. A pension point has a certain value and we know approximately how many pension points she would have received if she had gone to work full time. So she basically earns more than the average person. She then puts the amount of money in the All World and can then buy the pension points with 50. jet

Social◇ unclassifiedgermany · usa · europe
32d06/12

95% of overseas firms expect to sustain or boost use of the yuan: Bank of China poll

The global business appetite for China’s yuan is strengthening as Beijing’s long-term campaign to internationalise its currency gains traction, according to a new industry white paper. More than 95 per cent of overseas companies expect to maintain or increase their cross-border yuan settlements over the coming year, according to the latest findings from Bank of China, one of the country’s leading state-owned lenders. The report, released this week, showed that 34.5 per cent of surveyed overseas.

◇ unclassifiedchina · asia
32d06/12⚠ war-conflict · 1/5

Loan for apartment in ZFH

I found an apartment that I would like to buy. It is an apartment in a semi-detached house. Here is the data: Year of construction 1990, new heat pump and solar 2 years ago, windows replaced on the upper floor, not yet on the top floor, electricity box replaced, bathroom and guest toilet modernized, living space 75 sqm. Some of the floors might have to be done and the kitchen would have to be installed, which is not included (it is in a 9sqm room). Otherwise nothing could be done. Purchase price including additional costs €446,000, owner

Social◇ unclassifiedgermany · europe
32d06/12

Goldman Sachs Cuts 2027 Oil Price Estimate on Demand Uncertainty

Goldman Sachs has revised down its estimate for oil prices next year, basing the revision on expectations of stronger supply and weaker demand. The bank sees Brent crude averaging $80 per barrel in 2027, thanks to a ramp-up in production across major non-OPEC producers and China’s diversification away from oil. “We assume that just over 10% of the demand weakness persists as China's shift to alternatives (e.g., EVs) accelerates,” the bank’s analysts said in a note, as quoted by Reuters. “We now

◇ unclassifiedmiddle-east · russia · usa
32d06/12

Will Marcos’ shipbuilding push deliver lasting capacity for Philippines?

The Philippines has a rare opening to turn its geography, skilled workers and deepening ties with Japan into a stronger maritime industrial base, but analysts say Manila’s push to make shipbuilding a strategic industry will be judged by whether fresh investment can produce lasting capacity. President Ferdinand Marcos Jnr gave that drive a concrete boost on June 3 when he ordered the addition of 64 hectares (158 acres) to the West Cebu Industrial Park (WCIP), one of the country’s key shipbuilding

◇ unclassifiedchina · asia · japan
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