News in brief



EU boosts support for Armenia with €18 million package amid rising Russian economic pressure

The European Union has announced a new €18 million support package for Armenia, alongside measures aimed at easing access for Armenian exports to European markets, as tensions rise over growing economic pressure from Russia. The announcement was made during a high-level visit to the Armenian capital,......

Standard chartered appoints new Europe and UK CEO in strategic push to expand regional growth

Standard Chartered has appointed Margaret Harwood-Jones as Chief Executive Officer for Europe and the United Kingdom, introducing a newly created leadership role aimed at accelerating the bank’s expansion across two of its key strategic markets. The announcement, made on Tuesday, reflects the......

WHO reports more than 1,300 heat-related deaths as Europe faces extreme temperatures

Europe is facing one of its most severe heatwaves in recent years, with the World Health Organization (WHO) reporting that more than 1,300 additional deaths have been linked to extreme temperatures since June 21. Health officials are urging governments to strengthen emergency measures as unusually high......

US announces review of military presence in Europe, Pete Hegseth says

The United States has announced a comprehensive review of its military presence in Europe, signaling a potential shift in the strategic balance within the NATO alliance. US Secretary of Defense Pete Hegseth confirmed that the reassessment will take place over a six-month period and will examine the......

Chile seizes over 100 tons of drugs hidden in wood shipments bound for Europe

Chilean authorities have announced the seizure of more than 100 tons of illegal drugs concealed inside large shipments of timber destined for Europe, describing the operation as the largest drug confiscation of its kind in the country's history. According to government officials, the drugs—mainly......

Goldman Sachs raises outlook for European stocks amid resilient corporate earnings

Goldman Sachs has increased its outlook for the STOXX 600, one of Europe’s leading stock market indices, reflecting growing confidence in the resilience of corporate earnings across the region. The revised forecast comes despite ongoing geopolitical uncertainties and concerns about the global economic......

European aviation authority warns of safety risks as conflicts disrupt flight corridors

Europe’s top aviation safety regulator has expressed growing concern over risks to air travel as ongoing conflicts, particularly in the Middle East, continue to disrupt traditional flight paths. According to officials, the reduction in available air corridors has led to increased congestion in......

Morocco’s avocado exports drop to 58,000 tonnes amid challenging season

After a record-breaking 2024/2025 season, Morocco’s avocado industry has experienced a sharp decline in 2025/2026. Export volumes fell to 58,000 tonnes, down from over 100,000 tonnes last year, according to the Moroccan Association of Avocado. The season faced multiple challenges, including adverse......

European Commission warns of legal gap as child abuse image detection system nears expiration

The European Commission has expressed concern over the imminent expiration of a voluntary system for detecting and reporting child sexual abuse images on online platforms and messaging services. Negotiations to extend the system temporarily have failed, raising fears of a legal gap that could hamper......

Germany’s Merz urges diplomatic solution to end Iran conflict

Germany is intensifying diplomatic efforts to help end the ongoing conflict involving Iran, as concerns grow across Europe about the political, economic and security consequences of a prolonged war. Speaking during a visit to military exercises in northern Europe, German Chancellor Friedrich Merz stressed......

Serbia raises concerns over regional defense cooperation involving Croatia, Albania and Kosovo

Serbia has expressed concern about growing defense cooperation among several Western Balkan actors, with officials in Belgrade closely monitoring recent security initiatives involving neighboring states. Serbian President Aleksandar Vučić said the government is following developments related to military......

Middle East war escalates as Iran, Israel and US exchange strikes

The conflict involving Iran, Israel and the United States intensified on its fourth day, with Tehran launching attacks on US-linked sites in the Gulf while Israel continued simultaneous airstrikes in Iran and Lebanon. Iran’s Revolutionary Guards warned that “the gates of hell” would......

Hundreds of flights to the Middle East canceled worldwide amid rising tensions

Airlines across the globe have canceled hundreds of flights to and from the Middle East following recent military escalations involving Iran, the United States, and Israel. The widespread disruption comes as several countries in the region temporarily closed their airspace, forcing carriers to suspend......

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