Latest News
- Russia deepens ties with Iran as foreign minister praises strategic partnership
- US President Confirms Iran’s Request to Lift Blockade
- European Parliament demands 10% hike in EU long-term budget plan
- US Rejects Iran’s Proposal to Reopen Strait of Hormuz Amid Nuclear Concerns
- Bosnia Signs Pipeline Deal with US-Linked Investors to Cut Russian Gas Dependence
- Iran talks stall as global alliances come under pressure
- Britain’s day of royal diplomacy, Mandelson pressure and rent politics
- US Coast Guard report criticises OceanGate’s safety failures in Titan disaster
EU
The European Parliament has adopted its stance on the EU long-term budget, advocating for a 10% increase and the implementation of EU-level taxes. Members of the European Parliament are prepared for rigorous negotiations as discussions regarding the budget for the 2028-2034 cycle progress.
Relations between Hungary and its neighbours deteriorated ahead of the 12 April election, which saw newcomer Magyar defeat long-standing nationalist leader Viktor Orbán. This political shift marks a significant change in Hungary’s approach to regional relations and governance.
The European Commission is shifting towards a firmer stance on China, spurred by China’s threat of retaliation against the EU’s Made in Europe legislation. On 29 May, EU Commissioners will debate a new strategy amid rising pressures from industry and economic threats perceived from Beijing, signalling potential changes in trade policy.
Far-right leaders convened in Milan to advocate for remigration in Europe. League chief Matteo Salvini proposed a points-based residence permit and criticised the EU’s handling of the energy crisis, endorsing a renewed approach to importing Russian oil.
A coalition of EU-based titanium dioxide producers has filed a complaint with the European Commission against Chinese firm LB Group, alleging unfair subsidies linked to its planned acquisition of the UK’s Venator plant. This follows prior EU anti-dumping duties introduced against LB Group in 2025.
Ukraine conducted drone strikes on two oil refineries in Russia’s Samara Oblast on Saturday, targeting facilities vital to Russia’s energy infrastructure. The Novokuybyshevsk refinery experienced significant fires, while the Syzran facility was hit shortly after, impacting fuel supplies crucial for domestic and export distribution.
Caracas and the European Union have established a new cooperation agenda following discussions in the Venezuelan parliament, marking a significant economic pivot. This agreement coincides with Venezuela’s efforts to restore relations with the IMF and the World Bank.
Hungary’s incoming Prime Minister Péter Magyar announced that oil flows from Russia via the Druzhba pipeline could potentially resume next week, following communication from Hungary’s MOL. This pipeline, delivering oil through Ukraine, was halted after damage from a Russian drone strike in January, straining relations with Kyiv.
US Vice President JD Vance defended just war theory during a Turning Point USA event, criticising Pope Leo XIV’s stance on the war in Iran. Citing over a millennium of theological tradition, he warned the pontiff to tread carefully in theological matters. The pope was in Algeria, commemorating Saint Augustine.
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