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Asia Business Gazette: Press Releases

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Press releases published on July 6, 2025

Trump lifts Russia sanctions

Trump lifts Russia sanctions

(MENAFN) Washington appears to be undercutting the EU once again. The Trump administration has removed sanctions on a Russian-led nuclear energy project in Hungary, operated by Moscow’s Rosatom. Hungarian Foreign Minister Peter Szijjarto praised the move, …

Yoon Suk Yeol Faces Second Arrest Warrant Request

Yoon Suk Yeol Faces Second Arrest Warrant Request

(MENAFN) A special prosecutor formally requested an arrest warrant on Sunday for South Korea’s ex-president, Yoon Suk Yeol, in connection with his brief declaration of martial law in December of last year, according to local media coverage. The independent …

Russian’s billionaire gets richer with twenty-four billion dollars figure

Russian’s billionaire gets richer with twenty-four billion dollars figure

(MENAFN) The wealth of Russia’s richest business figures surged by more than $24.5 billion during the first six months of 2025, according to figures from a global billionaire index released Monday. The ranking, which tracks the financial standing of the …

Estonia’s Leader Rejects Law Targeting Orthodox Church

Estonia’s Leader Rejects Law Targeting Orthodox Church

(MENAFN) Estonia's President, Alar Karis, has once again rejected a controversial bill aimed at the nation's largest Christian group, the Estonian Christian Orthodox Church (ECOC), asserting that it infringes on the country's constitution. The proposed …

Ugandan President Nominated as Sole Presidential Candidate for 2026 Election

Ugandan President Nominated as Sole Presidential Candidate for 2026 Election

(MENAFN) Ugandan President Yoweri Museveni was officially nominated as the ruling National Resistance Movement's (NRM) sole candidate for the upcoming presidential election, set for January 2026. In a meeting held in Kampala, the nation's capital, the NRM …

Russia Asserts Capture of Additional Villages in Ukraine

Russia Asserts Capture of Additional Villages in Ukraine

(MENAFN) On Sunday, Russia asserted that its military had secured control over two additional settlements located in the eastern Ukrainian regions of Donetsk and Kharkiv, as part of its continuing military campaign in the embattled nation. According to a …

Egypt Doubts Ethiopia's Intentions in Nile Dam Negotiations

Egypt Doubts Ethiopia's Intentions in Nile Dam Negotiations

(MENAFN) Egypt raised concerns Thursday over Ethiopia’s true intentions regarding renewed discussions on its controversial dam project on the Nile, calling the offer for dialogue shallow and driven by political calculations. During a meeting with …

BRICS Bank Welcomes Colombia, Uzbekistan as New Members

BRICS Bank Welcomes Colombia, Uzbekistan as New Members

(MENAFN) The New Development Bank (NDB), widely recognized as the BRICS Bank, has officially welcomed Colombia and Uzbekistan as new members, bringing its total membership to 11 countries. This announcement was made by NDB President Dilma Rousseff during a …

Syria Initiates Coordinated Efforts to Control Deadly Wildfires

Syria Initiates Coordinated Efforts to Control Deadly Wildfires

(MENAFN) On Sunday, Syrian authorities initiated a joint operations center aimed at controlling the wildfires that have ravaged over 7,000 hectares of forest in the Latakia province for the past four days. Raed al-Saleh, head of Syria's emergency and …

Bank of England's Plan to Revamp Pound Banknotes Sparks Backlash

Bank of England's Plan to Revamp Pound Banknotes Sparks Backlash

(MENAFN) The Bank of England's (BoE) initiative to revamp pound banknotes with a focus on diversity has sparked strong opposition from politicians and members of the public, who are criticizing the plan as an example of "wokery." On Wednesday, the BoE …

Lawyer Brings Donkeys to Protest in Kosovo

Lawyer Brings Donkeys to Protest in Kosovo

(MENAFN) In an unusual demonstration against the prolonged political impasse in the Kosovo Assembly, attorney Arianit Koci brought four donkeys to the parliament's courtyard on Thursday. The protest was intended to draw attention to the months-long failure …

Media reports EU suggesting sanctions on Israel

Media reports EU suggesting sanctions on Israel

(MENAFN) The European Union is preparing a formal list of possible sanctions against Israel over alleged human rights violations in Gaza, according to a Euractiv report published Saturday. Sources say the EU’s diplomatic service will present the proposed …

Guinea Starts Fourth General Population, Housing Census

Guinea Starts Fourth General Population, Housing Census

(MENAFN) Guinea has officially launched its fourth General Population and Housing Census (RGPH-4), a critical initiative aimed at gathering accurate and up-to-date data to guide future development strategies. The census is set to run for four weeks, …

Israeli President Urges Netanyahu for Gaza Truce

Israeli President Urges Netanyahu for Gaza Truce

(MENAFN) Israeli President Isaac Herzog urged Prime Minister Benjamin Netanyahu on Sunday to finalize a Gaza ceasefire and prisoner exchange agreement prior to his upcoming visit to Washington for discussions with American officials. Earlier that day, …

EU prepares to hoard essential supplies due to security concerns

EU prepares to hoard essential supplies due to security concerns

(MENAFN) The European Union is preparing to establish an emergency reserve of vital goods in response to growing global threats, according to a draft strategy obtained by the Financial Times. The document, set to be officially released next week, outlines …

Ethiopia Announces Completion of Its Grand Renaissance Dam

Ethiopia Announces Completion of Its Grand Renaissance Dam

(MENAFN) Ethiopia has officially completed its Grand Ethiopian Renaissance Dam (GERD), a monumental hydroelectric project on the Blue Nile, with preparations now in full swing for its grand unveiling in September. The announcement, made on Thursday, marks …

Hezbollah's Qassem Reaffirms Armed Resistance

Hezbollah's Qassem Reaffirms Armed Resistance

(MENAFN) Hezbollah’s Secretary-General, Naim Qassem, affirmed on Sunday that the organization remains committed to resisting Israeli presence in southern Lebanon, asserting that peace remains an option but not at the cost of laying down arms. Qassem …

Torrential Floods Hit Eastern Afghanistan

Torrential Floods Hit Eastern Afghanistan

(MENAFN) Severe flooding overwhelmed eastern Afghanistan’s Nangarhar province on Sunday, claiming the lives of at least two children and laying waste to numerous homes, as reported by local media. Citing information from the Nangarhar Provincial Disaster …

Police Officer Gets Stabbed in Nalchik

Police Officer Gets Stabbed in Nalchik

(MENAFN) A police officer in Nalchik, southern Russia, has suffered serious injuries following a knife attack on Friday, regional authorities confirmed. The assault occurred in the heart of the city, located in the Muslim-majority Kabardino-Balkaria region …

Romania excludes sending troops to Ukraine

Romania excludes sending troops to Ukraine

(MENAFN) Romanian Prime Minister Ilie Bolojan has firmly stated that Bucharest will not send troops to Ukraine under any circumstances. However, he affirmed that Romania, as a NATO member on the eastern flank, will continue to gradually increase its …

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