'Water batteries' for the Philippines? 5 things to know
Manila: The Philippines is entering an unusual phase of its energy transition. It is adding solar and wind power at a pace that could eventually transform the electricity system, while at the same time confronting one of the oldest problems in power generation: What happens when the sun stops shini»»»
The humble burrito causes indigestion for Trump’s party
WASHINGTON: Debate over the price of a burrito is causing indigestion for President Donald Trump’s Republican Party, which fears being punished for the high cost of living in November’s midterm elections. The Mexican specialty — rice, beans, meat and other toppings wrapped in a tortilla — is belove»»»
U.S. Senate passes bill to impose new sanctions on Russia
Washington, Aug. 7 (SANA) The U.S. Senate on Friday passed a bill imposing new sanctions on Russia, primarily targeting its energy revenues, with broad bipartisan support, according to the Associated Press. The bill, approved by a vote of 86 to 11, aims to penalize countries that continue to purcha»»»
US Senate passes Russia sanctions championed by Graham; US House next
WASHINGTON: The U.S. Senate easily passed sweeping Russia sanctions legislation on Friday, advancing a long-delayed measure backed by late Senator Lindsey Graham and setting the stage for consideration by the House of Representatives within weeks. Graham, a South Carolina Republican who died last »»»
ING: Hungarian economy takes a summer breather as industry and retail disappoint
Economic activity data for June confirmed what we saw in the second quarter GDP data: as summer arrived, the Hungarian economy went on holiday. Both industry and retail sector growth rates came in lower than expected, but we are still optimistic about the future. The Hungarian »»»
Europe demands Turkey certify its gas exports are not Russian in origin
European buyers are demanding that Turkey provide documentation proving natural gas transported through Turkish territory is not of Russian origin, Turkish Energy Minister Alparslan Bayraktar said in an interview with A Haber TV on August 6. Bayraktar said Turkey is legally obliged to process »»»
Sofia Heating Utility Debt Pushing Gas Supplier Toward Insolvency
The debt of the Sofia heating utility, Toplofikatsiya, to public gas supplier Bulgargaz and the Bulgarian Energy Holding, which exceeds EUR 1.2 billion, is pushing the state-owned gas supplier toward insolvency, Energy Minister Iva Petrova said in an interview with Nova TV on Friday. She called on »»»
As much as 170 km of Polish coast under new supervision
Poland has restored the Maritime Office in Słupsk six years after it was abolished, giving it responsibility for about 170 km of Baltic coastline from Dźwirzyno to Łeba, including the Port of Kołobrzeg. The Ministry of Infrastructure says the move is intended to strengthen Central Pomerania and sup»»»
PIE: labor costs biggest barrier for companies
Labor costs, economic uncertainty and rising energy prices remain the biggest obstacles facing Polish businesses, according to the Polish Economic Institute’s Monthly Business Climate Index. Labor costs have ranked as the leading barrier since late 2023, cited by about two-thirds of companies, whil»»»
U.S. sanctions crypto exchanges for laundering Iranian military assets - UPI.com
Treasury Secretary Scott Bessent said Iran uses a sprawling network of corporate entities to obscure the origin of the funds and launder money to benefit the Islamic Revolutionary Guard Corps, leading to sanctions. File Photo by Graeme Sloan/UPI | License Photo Aug. 7 (UPI) -- The Trump administrat»»»
Senate passes bill sanctioning Russia, Iran - UPI.com
The U.S. Senate passed a bill on Friday that imposes new sanctions on Iran and on Russia for its war with Ukraine. Sen. Richard Blumenthal, D-Conn., cosponsored the bill with late Sen. Lindsey Graham. File Photo by Bonnie Cash/UPI | License Photo Aug. 7 (UPI) -- The U.S. Senate passed a bill on Fri»»»
Winemakers across Europe face the challenges of climate change
Winegrowers in France are harvesting their grapes unusually early this season because of the effects of climate change. While the rising global temperatures offer a new chance for winemakers in northern and Scandinavian countries, experts say it’s too early to expect a drastic shift in the viticult»»»
MACRO ADVISORY: Russia’s August Angst - 2026
One of our quirkier rituals is to write every year about why Russians view August as some sort of cursed month and to highlight what could happen this year. Or, to paraphrase (ex US Secretary of Defence) Donald Rumsfeld, the “known knowns” and, possibly, the “known unknowns”. But, of course, it is »»»
US Shoots Itself in Foot With Bill on Secondary Sanctions Against Russia - Senator Paul
WASHINGTON (Sputnik) - The US would be shooting itself in the foot with its new bill on secondary sanctions against Russia, Republican Senator Rand Paul said in an article published on Friday. Earlier in the day, the Senate voted 86-11 to pass the bill spearheaded by the late Sen. Lindsey Graham (w»»»
Watch: Raccoon named Mayonesia rescued from mayonnaise jar in Dallas - UPI.com
View this post on Instagram A post shared by Dallas Animal Services (@dallasanimalservices) Aug. 7 (UPI) -- Animal services workers in Dallas came to the rescue of a raccoon seen wandering a neighborhood for several days with a mayonnaise jar stuck over its head. The raccoon, dubbed Mayonesa by loc»»»
Four Seas Initiative offers Syria new path to regional economic integration
Damascus, Aug. 7 (SANA) The “Four Seas” initiative is emerging as a major pathway for to restore its regional economic role by leveraging its geographic position to connect the Gulf, Iraq and Central Asia with Türkiye and Europe through the Mediterranean, while opening opportunities in trade, energ»»»
U.S. sanctions Cuba over military cooperation with Russia, China, Iran - UPI.com
Secretary of State Marco Rubio said those sanctioned facilitated the purchase, import, maintenance and modernization of weapons and military equipment primarily from Russia and China. File Photo by Bonnie Cash/UPI | License Photo Aug. 7 (UPI) -- The U.S. State Department imposed a new package of re»»»
ADNOC says attacks on vessels and staff significantly impacting operations
Abu Dhabi National Oil Company said on Friday it was being significantly impacted by what it described as unprovoked attacks on its people and assets, as it sought to continue meeting customer requirements in an “exceptionally challenging environment.” ADNOC said in a statement that 15 of its ves»»»
Polymarket knows who Hungary’s next president will be
On Polymarket, you can bet on almost anything – and its opposite. Now you can place your money on who will become Hungary’s next president. The website, which has been blocked in Hungary, has already “predicted” victories for Donald Trump and Péter Magyar. If it gets this one right, it could prove »»»
USA: Democratic party's progressive wing 'can win primaries', but can they win in swing states?
Stuart Norval is pleased to welcome Steven Ekovich, Professor Emeritus of Political Science at American University of Paris. The Michigan Democratic Senate primary offers a revealing case study of the struggle between ideological conviction and electoral pragmatism. Ericovich argues that while»»»
Saudi Arabia, Pakistan and Turkey sign mutual defence agreement
Saudi Arabia, Pakistan and Turkey signed a mutual defence pact on Friday that would treat any act of aggression on one of the three nations as an attack on all of them, the allies said in a joint statement. However, it did not specify if the agreement would bind them to any particular military acti»»»
Houthi attacks kill five in Yemen as rebels target Marib
DUBAI: Houthi attacks on Yemen’s Marib province killed at least five people Friday, according to a minister and military source, as the rebels escalate strikes on the region a day after their deadliest attack in years. The latest violence has raised the spectre of a return to war in the Arabian Pen»»»
UAE residents' update: ADNOC vessel attacks, Saudi-Turkey-Pakistan pact and flight schedules
The US-Iran conflict continues to drive regional uncertainty on Friday, with the Strait of Hormuz remaining at the centre of security, shipping and diplomatic developments. UAE residents and businesses are closely monitoring updates that could affect air travel, fuel markets, trade routes and regio»»»
Trump administration pays $1.22 billion to kill another wind power project - UPI.com
Wind turbines cover the Tehachapi Mountain Range in Tehachapi, Calif. The Trump administration will pay a German company more than $2 billion to abandon offshore wind farm projects in a deal announced Thursday. File Photo by Terry Schmitt/UPI | License Photo Aug. 7 (UPI) -- The U.S. Department of t»»»
Ukraine’s Zelensky to make first visit to Russia-friendly Serbia
BELGRADE: Ukrainian President Volodymyr Zelensky will on Saturday make his first official visit to Serbia, one of the few European countries that have maintained friendly relations with Russia despite its invasion of Ukraine. The office of Serbia’s populist President Aleksandar Vucic announced the »»»
Businessman warns Albania faces arbitration over stalled Vlora airport concession
Swiss-Albanian businessman Behgjet Pacolli has warned that his company Mabco Constructions could pursue international arbitration against Albania after the government launched procedures to terminate the concession contract for Vlora International Airport, accusing state institutions of undermining»»»
Norway will speed up onshore wind power developments, government says
OSLO: Norway’s government on Friday presented plans to cut red tape and shorten processing of applications to build new onshore wind power plants and transmission lines, amid concerns that a slow buildout in recent years could curb economic activity. The Labour Party government aims to cut in half»»»
ADNOC confirms 15 vessels targeted since conflict; one dead, 20 injured
Fifteen vessels operated by Abu Dhabi National Oil Company (ADNOC) have been targeted by missiles and drones since the start of the conflict while transiting the Strait of Hormuz, the company said on Friday. Get updated faster and for FREE: Download the Gulf News app now - simply click here.In a st»»»
Makkah Defense Pact Combines Biggest Strengths of Saudi Arabia, Turkiye and Pakistan
The pact stems from waning confidence in US security commitments and a desire to establish a self-reliant Islamic defense structure. The newly-signed defence agreement brings together "Saudi Arabia's economic strength, Turkiye's defense technology and Pakistan's military capabilities," according to»»»
Gold prices set for biggest weekly gain since January amid lower oil prices
Washington, Aug. 7 (SANA) Gold prices rose on Friday, putting the metal on track for its biggest weekly gain since January amid lower oil prices and easing inflation expectations, as investors awaited US non-farm payrolls data for indications about the future path of interest rates.Spot gold increa»»»
Vazrazhdane Leader Kostadinov Accuses PM Radev of Hiding Behind “Collective Irresponsibility” over BOTAS Deal
Vazrazhdane leader Kostadin Kostadinov accused Prime Minister Rumen Radev of hiding behind "collective irresponsibility", the party's press centre reported on Friday. Kostadinov was commenting on Radev's response on Thursday to a journalist's question about whether the protocol freezing the contrac»»»
Oil prices sink on Middle East hopes, yen extends gains after joint intervention
HONG KONG — Oil prices tumbled Monday as Donald Trump said fresh talks with Iran will begin later in the day, while the yen extended gains after US and Japanese officials confirmed a rare joint intervention to prop up the currency.The positive development in the five-month Middle East war did littl»»»
Plunging inflation in Hungary: how long will it last?
In recent years, we had grown used to inflation figures bringing unpleasant news: rising prices, soaring food bills or ever more expensive fuel. For the first time in a long while, however, Hungary’s inflation rate can be discussed in a positive context, having fallen to a ten-year low. Experts exp»»»
Italy places all major cities on red alert as heatwave grips Europe
Italy's health ministry placed 27 cities, from Trieste in the country's northeast to Palermo in Sicily, on red alert ahead of the weekend as a blistering heatwave across much of Europe toppled temperature records and disrupted energy and transportation systems in several countries. Italy plac»»»
China-Kyrgyzstan-Uzbekistan railway may be extended across Caspian Sea to Europe - | 24.KG
The China-Kyrgyzstan-Uzbekistan railway project could potentially become part of a larger transport route across the Caspian Sea, Azerbaijan, and Turkey to Europe. This opinion was expressed by Toğrul İsmayıl, a professor at Kahramanmaras Sütçü Imam University, in a commentary to the Azerbaijani ne»»»
A deeper look into Pakistan’s role in the region
ISLAMABAD: As Prime Minister Shehbaz Sharif arrived in Jeddah on Thursday, leading a high-powered delegation comprising federal ministers and Chief of Defense Forces Field Marshal Syed Asim Munir, foreign affairs and defense experts said that the visit is expected to enhance defense and security co»»»
Ukraine's interceptor missiles run dry as Zelenskiy scours the world for more
Ukraine's stockpile of air-defence interceptor missiles is running down to zero this week, and Ukrainian President Volodymyr Zelenskiy's mounting desperation as the hunt for replacement ammunition fails is becoming impossible to hide, with the country's skies over its cities now largely undefended »»»
Bulgaria's Energy Minister Defends Secret Botas Deal, Says Protocol Cannot Be PublishedOpinions
Energy Minister Iva Petrova said the protocol freezing the gas agreement between Bulgaria's Bulgargaz and Turkey's Botas for 15 months is confidential and will not be made public because it is an agreement between two commercial companies. Speaking to Nova TV, Petrova explained that the document fa»»»
Low Danube Levels Drive Record Bulgarian Electricity Exports and Extra RevenueOpinions
Bulgaria is generating millions of leva in additional revenue due to the ongoing Danube crisis, as the regional energy market has reacted to the situation with higher electricity demand and exports, Energy Minister Iva Petrova said. Speaking to NOVA, Petrova said Bulgaria is currently exporting bet»»»
Ukraine's interceptor missiles run dry as Zelenskiy scours the world for more
Ukraine's stockpile of air-defence interceptor missiles is running down to zero this week, and Ukrainian President Volodymyr Zelenskiy's mounting desperation as the hunt for replacement ammunition fails is becoming impossible to hide, with the country's skies over its cities now largely undefended »»»
Azerbaijan's foreign minister backs Ukraine energy security, floats gas supply option
Azerbaijani Foreign Minister Ceyhun Bayramov held a round of talks with Ukrainian counterpart Andrii Sybiha in Kyiv, with the two sides discussing energy cooperation, trade and the war with Russia, Report said, citing the Azerbaijani foreign ministry. Baku is positioning itself as a supplier o»»»
Azerbaijan's foreign minister backs Ukraine energy security, floats gas supply option
Azerbaijani Foreign Minister Ceyhun Bayramov held a round of talks with Ukrainian counterpart Andrii Sybiha in Kyiv, with the two sides discussing energy cooperation, trade and the war with Russia, Report said, citing the Azerbaijani foreign ministry. Baku is positioning itself as a supplier o»»»
Sofia Heating Utility Debt Pushes Gas Supplier Bulgargaz Toward Insolvency, Energy Minister Says
The debt of the Sofia heating utility, Toplofikatsiya, to public gas supplier Bulgargaz and the Bulgarian Energy Holding, which exceeds EUR 1.2 billion, is pushing the state-owned gas supplier toward insolvency, Energy Minister Iva Petrova said in an interview with Nova TV on Friday. She called on »»»
Trump rebuffs Zelensky’s request for more Patriot missiles
US President Donald Trump has dismissed Ukraine’s plea for more Patriot anti-air missiles following widespread reports that interceptor stockpiles have been significantly depleted by the war with Iran. Vladimir Zelensky has warned that Ukraine is running out of Western-supplied interceptors to fend»»»
Europe’s rivers are running low: Nuclear power must be ready with resilient solutions for a changing world
As heatwaves and drought restrict power generation across Europe, the BWRX-300 technology offers something increasingly valuable: reliable nuclear energy with cooling systems that require much less water and can be adapted to a world of lower river flows and higher temperatures. When temperatures r»»»
Iraq, UK discuss regional developments, Strait of Hormuz security
Baghdad, Aug. 7 (SANA) Iraqi Foreign Minister Fuad Hussein discussed regional and international developments, navigation security in the Strait of Hormuz, and bilateral relations with UK Minister of State for Middle East Affairs Stephen Doughty during a phone call on Thursday, the Iraqi Foreign Min»»»
Adylbek Kasymaliev: EAEU should become a strong pole of a multipolar world - | 24.KG
The Eurasian Economic Union (EAEU) should become a self-sufficient and harmoniously developed pole of a multipolar world based on energy and food security, as well as transport connectivity. The Chairman of the Cabinet of Ministers of Kyrgyzstan Adylbek Kasymaliev said at an expanded meeting of the»»»
Minister: Kozloduy N-Plant Can Operate for Another Week and a Half If Danube Remains at Current Level
If the water level of the Danube River remains as it is, the Kozloduy N-plant can continue operating without disruption for another week and a half, Energy Minister Iva Petrova said in an interview on Nova TV. The minister described the situation as challenging and dynamic, but added that the facil»»»
Vucic: EU path, economic and energy cooperation to be discussed with Zelenskyy
BELGRADE - Serbian President Aleksandar Vucic said on Thursday evening his discussions with Ukrainian President Volodymyr Zelenskyy, who will pay an official visit to Serbia on Saturday, would address several important topics, including the EU path of Ukraine and Serbia, bilateral economic cooperat»»»
Hungary faces record heat, nuclear fears and a public media scandal ahead of August presidential vote (Day 87 of the Tisza government)
A few months ago, we launched our series in which we provided weekly summaries of the news from Hungary’s election campaign. The series continues so that we can report on developments following the historic election and on the steps taken by the new Tisza government. This week, we cover the followi»»»