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Description: Turkish Trade Minister, Omer Bolat announced the expansion of the free trade agreement (FTA) between Turkey and the UK. He mentioned that previously agreed terms between the two countries were requiring expansion due to volatility in the global markets. Bolat mentioned that he met the UK Secretary of Business and Trade, John Reynolds, as they discussed the potential expansion of the agreement towards a more comprehensive framework which would be beneficial for both countries. The representatives also agreed to schedule the Joint Economic and Trade Committee (JETCO) for later this year in London where the conclusion of the discussions regarding the expansion woul
Description: Newly appointed German Chancellor Friedrich Merz and French President Emmanuel Macron met in Paris, where they announced closer cooperation in establishing a well – armed and economically independent Europe. The leaders discussed key global issues such as the war in Ukraine, Europe’s economic and energy strategy going forward as well as the bolstering of bilateral ties which would propel the EU back on the global geopolitical map. Working groups from both countries held a joint meeting at the Elysee Presidential Palace in Paris as both countries reaffirmed Europe’s commitment to enforce a permanent ceasefire in Ukraine. Merz arrived in Paris on the back of a sha
Description: Venezuelan President Nicolas Maduro while visiting Moscow for the scheduled Victory Day parade on 09 May signed a comprehensive strategic agreement with Russian President Vladimir Putin. The agreement was announced a day earlier and emphasized the close bilateral ties between the two countries in a tentative geopolitical climate. The Kremlin’s spokesperson Dmitry Peskov labeled the agreement as a document of high importance and value, especially within the energy sector. The agreement mostly encompassed closer cooperation between Venezuela and Russia within the exploration of oil and gas deposits within OPEC+ and stated to be established in good faith while avoi
Description: Egyptian President Abdel Fatah El – Sisi and Greek Prime Minister Kyriakos Mitsotakis met in Athens, where they signed a strategic partnership agreement highlighting several areas of cooperation between Greece and Egypt. The leaders reaffirmed the strategic alignment on projects such as energy, defense, political, economic and cultural ties. Sisi and Mitsotakis announced the establishment of a large project that was comprised of establishing a 3,000 MW undersea cable that would stretch across the Mediterranean and allow the flow of electricity in Europe through energy sources from North Africa. Both leaders also reaffirmed their joint position on the Arab plan f
Description: Venezuela’s leader of political opposition to the Maduro regime, Maria Corina Machado, alongside five other members of her group were rescued from Argentina’s embassy in Caracas and sheltered in the US. US Secretary of State Marco Rubio has announced that a US led effort to rescue the oppositionists was conducted successfully in cooperation with Argentinian government which sheltered the members since the controversial elections in Venezuela which led to the political persecution of Machado and her followers. Argentinian President Javier Milei hailed the operation as defense of freedom and democracy in the region. Machado through a Zoom call addressed her follow
Description: Indian aerial forces launched a barrage of attacks on territories within the Pakistani administered Kashmir and directly into Pakistan’s Punjab province, killing at least 26 and injuring another 38 people in a military operation codenamed Sindoor. Pakistan claimed the country retaliated the attacks and downed at least 5 Indian fighter jets along the heavily militarized Line of Control (LOC) which splits the Indian and Pakistani administered parts of the Kashmir province. Indian military officials have stated the air force targeted terrorist strongholds which pertained to the Resistance Front, the group, which was behind the Pahalgam attacks on 22 Apr, as well as
Description: Late dramatic events unfolded in the German Bundestag as Friedrich Merz failed to secure the first-round vote to be named Germany’s next Chancellor. Concerns regarding potential political turmoil quickly arose, however, the coalition managed to call for a second round of voting after which Merz was sworn in as the country’s next Chancellor. His first order of business was to reestablish damaged relations with Poland and France as he was scheduled to visit Macron and Tusk in the next couple of days. Merz would also have a phone call with US President Donald Trump in an attempt to schedule a preemptive visit before the two of them meet at the NATO Summit in Jun. D
Description: Canadian Prime Minister Mark Carney met with US President Donald Trump as their initial meet hinted on rekindling relations between the neighbors amid the trade and tariff threat from the US. President Trump showed signs of adopting a more moderate tone towards Prime Minister Carney, as he talked about modifying the USMCA trade agreement, however, once again he reiterated his ambitions to annex Canada as the 51st US state. Carney was evidently well prepared and managed to maneuver around Trump’s unpredictable statements and used the opportunity to appease the US President by calling him transformational. The meeting comes at an extremely sensitive tim
Description: Long lasting trade negotiations between the UK and India resulted in the finalizing of a landmark trade agreement which is expected to boost the economies of both countries. UK’s Business Secretary Johnatan Reynolds met with Indian Minister of Economy Piyush Goyal last week to conclude the last steps which would effectively merge bilateral economic cooperation between the two countries. Under the terms of the agreement significant tariff exemptions are expected from India on British products such as whisky, medical devices, machinery and automotive products as well as supplementary goods and food. The UK on the other hand would cut tariffs on Indian products suc
Description: Sources from both Iran and the US confirmed that the nuclear negotiations would be reinstated this week in Oman’s capital Muskat. The fourth round of talks initially scheduled to take place in Rome on 03 May was cancelled over alleged logistical reasons according to Omani government sources. Iran’s Foreign Ministry confirmed the rescheduling, emphasizing the country’s willingness to resolve the dispute with the US over its nuclear program diplomatically. Official sources from the Kremlin have also stated that Russian President Vladimir Putin conducted a phone conversation with Iranian President Masoud Pezeshkian where he reaffirmed Russia’s support towards reach