Category: Foreign News
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Turkey Extends Russian Gas Contracts, Eyes U.S. Investments to Diversify Energy Mix
Turkey Finalizes One-Year Extension with Russia December 4, 2025 – Istanbul – Turkey has finalized a one-year extension of two expiring natural gas contracts with Russia, covering a combined 22 billion cubic meters (bcm), Energy Minister Alparslan Bayraktar announced. These contracts with Gazprom (GAZP.MM) were due to expire at the end of this year. Despite
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YPF Eyes Mid-2026 Green Light for $20 Billion Argentina LNG Project
YPF CEO Confirms Potential $20 Billion LNG Investment December 4, 2025 – London – YPF (YPFDm.BA), Argentina’s state-controlled energy company, is targeting a final investment decision (FID) around mid-2026 for a major $20 billion liquefied natural gas (LNG) project, according to CEO Horacio Marin. The proposed facility is expected to produce 12 million metric tons
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India Encourages States to Lead Clean Energy Expansion Amid Federal Power Glut
India Supports State-Led Clean Energy Initiatives New Delhi, December 4, 2025 – India’s federal government has confirmed that states will continue to lead the expansion of clean energy projects, even as federal agencies struggle with nearly 50 gigawatts (GW) of unsold renewable power. At a recent Confederation of Indian Industry (CII) event, Santosh Kumar Sarangi,
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Italy Eyes Germany, Australia, and Other Nations for GCAP Fighter Jet Programme Expansion
Italy Explores Broader Participation in GCAP Programme Rome, December 4, 2025 – Italy’s Defence Minister Guido Crosetto announced that countries such as Germany, Australia, Saudi Arabia, and Canada may express interest in joining the Global Combat Air Programme (GCAP) in the future. Currently, the GCAP initiative involves Italy, Britain, and Japan, and is focused on
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Hong Kong Urgently Removes Scaffolding Nets Following Deadly Wang Fuk Court Fire
Hong Kong Orders Immediate Removal of Scaffolding Nets Hong Kong, December 4, 2025 – Hong Kong authorities have rushed to remove scaffolding mesh from all buildings undergoing renovations across the city following the deadly fire at Wang Fuk Court, which claimed at least 159 lives. The government mandated that all nets be removed from public
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Rio Tinto Engages with Chinalco to Address Shareholding Constraints and Unlock Buyback Potential
Rio Tinto CEO Discusses Governance Challenges with Chinese Shareholder London, December 4, 2025 – Rio Tinto CEO Simon Trott confirmed that the mining giant is actively working with its main shareholder, Aluminium Corporation of China Limited (Chinalco), to address governance constraints that currently restrict the company’s ability to conduct share buybacks. Speaking at Rio Tinto’s
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Taiwan President Urges China to Prioritize Economic Growth Over Territorial Expansion
Taiwan President Calls for Economic Focus Amid Rising Tensions Taipei, December 4, 2025 – Taiwan President Lai Ching-te urged China to concentrate on strengthening its economy rather than pursuing “territorial expansion,” highlighting the growing contrast between Taiwan’s economic momentum and China’s slower growth. Speaking at the New York Times’ DealBook Summit, Lai emphasized that Taiwan’s
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Bangladesh’s Gen-Z Faces Challenges Turning Student Uprising into Political Power
Bangladesh’s Young Leaders Struggle to Convert Protest Power into Votes Dhaka, December 4, 2025 – After successfully toppling long-time Prime Minister Sheikh Hasina, Bangladesh’s Gen-Z political activists are facing the challenge of transforming street protests into electoral victories. The student-led National Citizen Party (NCP), launched earlier this year, has captured public imagination but now finds
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EU Unveils Measures to Boost Investment and Competitiveness Across Capital Markets
Brussels, Belgium – The European Commission on Thursday presented a package of measures designed to enhance the competitiveness of the EU’s capital markets, aiming to make cross-border operations easier and strengthen oversight through the European Securities and Markets Authority (ESMA). The proposals are part of the EU’s broader effort to compete with economic rivals such
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U.S. Halts Plans to Sanction Chinese Spy Agency to Preserve Trade Truce, FT Reports
Washington, D.C. / Beijing, China – The United States has suspended plans to sanction China’s Ministry of State Security over a large-scale cyber espionage campaign, reportedly to avoid undermining a trade truce reached earlier this year, according to the Financial Times. The cyber campaign, tracked under the codename Salt Typhoon, involved Chinese-linked hackers targeting numerous
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