The ORR was established with the help of the Bankers Association of the Philippines and is derived from the central bank’s daily reverse repurchase auctions.
Global Warming at the Forefront: Climate Finance Dominates G20 and COP29 Talks This week, the twin global gatherings of the G20 summit in Rio de Janeiro, Brazil, and the COP29 climate conference in Baku, Azerbaijan, have placed climate finance and global warming at the heart of international diplomacy. The challenges of mobilizing funding, reforming multilateral…
The suspension of gas supplies to Austria stems from a conflict between Russia’s state-owned energy giant Gazprom and Austrian energy firm OMV.
German Chancellor Olaf Scholz has defended his decision to hold a phone call with Russian President Vladimir Putin, despite widespread criticism from both domestic and international quarters. The hour-long conversation, the first direct communication between the two leaders in nearly two years, has sparked debate over its timing and implications, particularly as it coincides with…
The attack severely damaged facilities critical to Ukraine’s power grid, including stations operated by DTEK, the nation’s largest private energy provider.
The G7 accuses Russia of being the sole impediment to achieving a fair and lasting peace, highlighting the continued impact of the conflict on Ukraine and vulnerable populations worldwide.
Navigating Trade Policy: U.S.-UK Relations and the EU Post-Brexit As Britain charts its economic course post-Brexit, a divide emerges between strengthening ties with the European Union or pursuing closer alignment with the United States. This debate has been reignited by comments from Stephen Moore, a senior economic adviser to U.S. President-elect Donald Trump. In an…
Russian energy giant Gazprom has announced that it will send 42.4 million cubic meters of natural gas to Europe via Ukraine on Saturday, maintaining the same volume as the previous day. This decision comes amid speculation about potential disruptions in gas supplies to Austria due to a contractual dispute. According to the Russian news agency…
In a significant step toward rectifying historical wrongs, the United States has returned more than 1,400 looted artefacts worth approximately $10 million to India. The announcement was made on Wednesday as part of an ongoing initiative to repatriate stolen cultural treasures from South and Southeast Asia. Among the returned items are artefacts that were recently…
Russia once dominated Europe’s energy market, supplying over 40% of the European Union’s natural gas needs before the war in Ukraine.
