Cuba's Communist Party has approved reforms to open more sectors to private investment, including tourism and foreign direct investment. The move comes amid increased US economic pressure, resource shortages, and power outages on the island. The reforms aim to revitalize key sectors and decentralize decision-making.
Recent clashes in Egypt involving foreigners have reignited debate over refugees' rights and the strain on limited resources. While authorities claim equal treatment, incidents in public spaces highlight tensions fueled by economic hardship and public sentiment, with calls for better international support.
Bitcoin experiences modest relief after recent lows, but traders expect new lows by Q3 or Q4; US inflation data and US-Iran war impact markets, while onchain indicators suggest sell-off easing.
AB Komisyonu Başkanı Ursula von der Leyen, Rusya'nın Ermenistan'a yönelik kısıtlamalarını 'ekonomik baskı' olarak nitelendirerek kabul edilemez buldu. AB, 50 milyon avro üzerinde acil mali yardım içeren bir destek paketi hazırlıyor ve Türkiye ile ticaret yollarının açılmasını memnuniyetle karşıladı.
EU Commission President Ursula von der Leyen stated that Russia's recent restrictions on Armenia are unacceptable economic pressure and announced an EU support package of over 50 million euros. She also highlighted the importance of reopening trade routes, including rail links via Georgia and Turkey, and agreed to establish an EU-Armenia Task Force for coordination.
AB Komisyonu Başkanı Ursula von der Leyen, Rusya'nın Ermenistan'a yönelik kısıtlamalarını "ekonomik baskı" olarak nitelendirerek kabul edilemez buldu. Von der Leyen, Ermenistan'a 50 milyon avronun üzerinde acil mali yardım içeren bir destek paketi hazırladıklarını ve Türkiye ile ticaret yollarının açılmasını olumlu karşıladıklarını belirtti.
Russian Deputy Foreign Minister Alexander Pankin stated that Moscow observes Washington's plans to increase economic pressure not only on Russia but also on other countries and its partners. He noted that the export, transportation, supply, and sales of Russian products are being obstructed.
The Reserve Bank of India (RBI) has refuted media reports claiming it sold gold worth $12 billion to support the rupee. The RBI stated its physical gold stock remains unchanged at 880.52 tonnes, and the share of gold in foreign exchange reserves has increased.
The US has imposed sanctions on Nobitex, Iran's largest cryptocurrency exchange, and its executives, accusing them of helping the Iranian government bypass Western restrictions. The move, dubbed 'Economic Fury,' aims to increase economic pressure on Tehran amid ongoing conflicts.
Niti Aayog's governing council, led by PM Narendra Modi, will meet on June 11 to review state chief secretaries' deliberations and actions taken on reforms. A day later, Modi will chair a meeting of North-East chief ministers. The meeting occurs amidst the West Asia conflict impacting India's economy.
The Reserve Bank of India faces a critical interest rate decision this week due to Middle East energy shocks, a weakening rupee, and poor monsoon season. These factors threaten growth and inflation, while debt markets tighten. Economists are divided on whether the RBI will hold rates steady or hike them.
The Reserve Bank of India faces a tough interest rate decision due to energy shocks, currency depreciation, and weak monsoons threatening growth and inflation. Markets anticipate a prolonged period of monetary tightening.
The Reserve Bank of India faces a tough interest rate decision due to energy shocks, currency depreciation, and weak monsoons threatening growth and inflation. Markets anticipate a prolonged period of monetary tightening.
Iran and the US are in rapid diplomatic talks, with President Trump expecting a ceasefire extension and the reopening of the Strait of Hormuz next week. A draft agreement includes mutual truce and partial sanctions relief, but complex issues like Iran's nuclear program and frozen assets remain contentious.
Professor Danny Shaw attributes Cuba's hunger and economic instability to 67 years of US foreign policy, including tightened blockades under the Trump administration, contradicting claims that Cuba's government is primarily at fault.
The US has imposed sanctions on Iran's Persian Gulf Strait Authority, targeting its control over the Strait of Hormuz, amid ongoing war and economic pressure campaign.
Iran grapples with severe economic strain, including high inflation and currency devaluation, despite official claims of military recovery. Officials urge austerity measures and efficient resource management, particularly in the energy sector, as citizens resort to installment plans for basic goods and demand for used items surges.
The US has charged former Cuban president Raul Castro with murder, stoking speculation about Washington's next move. Options include capturing Castro, seeking leadership change in Havana, or Cuba collapsing under economic pressure.
The US has charged former Cuban president Raul Castro with murder, fueling speculation about potential US actions. Three scenarios are explored: the US capturing Castro, seeking leadership change in Havana, or Cuba collapsing under economic pressure.
Russia's Foreign Ministry spokesperson Maria Zakharova stated that Russia will continue to provide "maximum support to the fraternal Cuban people" as the US attempts to "economically strangle" the island nation. Zakharova condemned any interference in Cuba's internal affairs and the application of illegal unilateral restrictive measures.
Russia's Foreign Ministry spokesperson Maria Zakharova pledged "maximum support" to Cuba, condemning US "economic strangulation" and "illegal unilateral restrictive measures."
NATO is considering deploying forces to protect commercial shipping in the Strait of Hormuz if the blockade by Iran continues into July. The proposal, backed by some members, faces hurdles due to the need for unanimous consent and differing views among allies, particularly regarding US President Trump's stance.
Bitcoin dropped below $78,000, wiping out $80 billion in market value and triggering $980 million in liquidations. The decline, exacerbated by weakening ETF demand and macroeconomic pressures, tested market structure despite positive regulatory news.
India raises import tariffs on gold and silver to 15% to curb imports and ease pressure on foreign exchange reserves
