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"This is a bilateral relationship on a contractual basis. Bulgartransgaz will strictly implement its contract and will not allow natural gas to be transited if the service is not paid for," the Energy Minister said.

Bulgaria to stop Russian gas transit unless Gazprom pays

Bulgaria will stop the transit of Russian gas through the Balkan Stream unless Gazprom finds a new way to pay following the imposition of US sanctions

Taiwan on Monday said multiple formations of Chinese naval and coast guard vessels were moving in regional waters and around the Taiwan Strait.

China’s maritime movements around Taiwan are largest in decades, Taipei says

By: EBR | Wednesday, December 11, 2024

China has fielded its largest regional maritime deployment in decades, Taiwan’s Defense Ministry said

On Tuesday, the price for Arabica beans, which account for most global production, topped $3.44 a pound (0.45kg), having jumped more than 80% this year. The cost of Robusta beans, meanwhile, hit a fresh high in September.

Coffee price surges to highest on record

By: EBR | Wednesday, December 11, 2024

Coffee drinkers may soon see their morning treat get more expensive, as the price of coffee on international commodity markets has hit its highest level

The fall of the Assad regime is a blow to Russia’s prestige.

Fall of Assad is a blow to Russia’s prestige

By: EBR | Monday, December 9, 2024

For nearly a decade it was Russian firepower that had kept Bashar al-Assad in power

The lightning advance relied on an almost perfect alignment of stars for the forces opposed to Assad: his army was demoralised and exhausted; his main allies, Iran and Lebanon’s Hezbollah, were severely weakened by conflict with Israel; and his other key military supporter, Russia, was distracted and losing interest.

How stars aligned for Syria’s rebels to oust Assad

By: EBR | Monday, December 9, 2024

After 13 years of civil war, Syria’s opposition militias sensed an opportunity to loosen President Bashar al-Assad’s grip on power

Putin issued an initial decree in March 2022 forcing buyers of Russian gas to pay for deliveries via Gazprombank through a scheme involving payments in roubles.

Foreign clients of Russian gas feel the heat of US Gazprombank sanctions

By: EBR | Friday, December 6, 2024

Russian President Vladimir Putin cancelled the option for buyers of Russian gas to convert currency into roubles at Gazprombank

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These upcoming deals may first of all make him very rich, next add formidably to the wealth of his children and finally provide a bonanza to a group of vastly rich and fawning tycoons surrounding the Trump clan.

The Trump Era of Crony Capitalism

By: EBR | Thursday, December 5, 2024

Donald J. Trump, who relishes nothing so much as a great deal, is setting the stage for an triple avalanche of transactions

China’s Commerce Ministry condemned the move, accusing the US of “abuse” of export controls and posing “a significant threat” to the stability of global industrial and supply chains.

China hits out at latest US effort to block Beijing’s access to chip technology

By: EBR | Wednesday, December 4, 2024

The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors

Six South Korean opposition parties said they would submit Yoon’s impeachment bill on Wednesday, the Democratic Party said in a message to reporters, with voting to take place on Friday or Saturday.

South Korean president faces impeachment calls after martial law debacle

By: EBR | Wednesday, December 4, 2024

South Korean lawmakers called on President Yoon Suk Yeol to resign or face impeachment after he declared martial law only to reverse the move hours later

Still, Fed officials believe that borrowing costs are still too high, according to recent speeches, which means they’ll deliver a few more rate cuts to ease the grip on the economy.

Why Trump’s tariff plans could lead to higher interest rates

By: EBR | Tuesday, December 3, 2024

President-elect Donald Trump’s promise to impose stiff tariffs against America’s three biggest trading partners is widely expected to push prices higher

Speaking to reporters in Kazakhstan, Putin castigated President Joe Biden for creating “additional difficulties” for the incoming Trump administration, after Biden gave Ukraine permission to fire longer-range American missiles, called ATACMS, at targets deep inside Russia.

Russian President Vladimir Putin says Trump is ‘intelligent and experienced,’ capable of finding ‘solutions’

By: EBR | Friday, November 29, 2024

Russian President Vladimir Putin on Thursday praised US President-elect Donald Trump as an “intelligent and experienced” politician capable of finding “solutions,”

A Chinese ship, the Yi Peng Three, is believed to have been in the area at the time and has since been anchored in international waters off Denmark.

Sweden asks China to co-operate over severed cables

By: EBR | Friday, November 29, 2024

Sweden has formally asked China to co-operate with an investigation into damage to two cables in the Baltic Sea after a Chinese ship was linked to the incidents

So Huawei could still use the Android operating system, which is an open source, but no longer use supporting services such as the Play Store app store or integration with services such as Google Maps or Gmail.

Huawei breaks away from the West

By: N. Peter Kramer | Thursday, November 28, 2024

China’s Huawei launched its first smartphone, Mate70, that runs entirely on its own operating system

Across the Balkans, autocrats would find it easy to align with Grenell’s transactional style, toning down nationalist rhetoric while capitalizing on economic opportunities.

New Winds From Washington? The Western Balkans at a Crossroad

By: EBR | Wednesday, November 27, 2024

Despite expectations, Richard Grenell, who was special presidential envoy for Serbia and Kosovo peace negotiations during U.S. President-elect Donald Trump’s first mandate, was not nominated for secretary of state

Now, with Trump months away from retaking office, what had appeared to be a juggernaut has been greatly diminished. Contending with property, debt and deflation challenges, China doesn’t look ready for another fight.

China is armed and ready for trade war 2.0 with Donald Trump

By: EBR | Monday, November 25, 2024

In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high

“COP29 will be remembered as a start of a new era for climate finance,” said the EU’s chief negotiator, Climate Commissioner Wopke Hoekstra, in his closing remarks to the Baku assembly.

COP29 outcome: EU upbeat on finance, disappointed on climate action

By: EBR | Monday, November 25, 2024

After the COP29 global climate talks in Azerbaijan concluded at 3am local time on Sunday (24 November), the EU welcomed a deal to triple global climate finance until 2035 to $300 billion

The idea that freezing Ukraine’s NATO membership would advance peace is premised on the assumption, which has been proven empirically wrong, that NATO membership, or the prospect thereof, was the cause of war.

Taking the Pulse: Would Freezing Ukraine’s NATO Membership Process Advance Peace?

By: EBR | Monday, November 25, 2024

Support for negotiations toward a ceasefire between Russia and Ukraine has been growing in the West

Many of President-Elect Donald Trump’s appointments do not augur well either for American democracy or a solid maintenance of American power. All too often, the driving force behind those appointments seems to be a curious mixture of personal pettiness and vengeance.

Trump: How Fast from Farce to Tragedy?

By: EBR | Friday, November 22, 2024

In an 1852 essay, Karl Marx famously remarked that all great events and personalities in history occur twice – once as tragedy and the second time as farce

Recognising the need for a voice to address such challenges, the European Cancer Organisation (ECO) has created a new “Focused Topic Network on Emergencies and Crises” so that the cancer community can “better anticipate and prepare for the urgent needs of cancer patients in emergency situations.”

Action plan set to be unveiled to help cancer patients in conflict zones

By: EBR | Thursday, November 21, 2024

The Covid-19 pandemic and the war in Ukraine have had a significant impact on cancer patients

But to what extent is China “the problem” regarding critical mineral supply chains? This question should not be addressed through a one-sided, geopolitical lens; it requires a more nuanced understanding of China’s multifaceted critical mineral strategies.

Why China’s critical mineral strategy goes beyond geopolitics

By: EBR | Tuesday, November 19, 2024

China’s position at the centre of global supply chains and current geopolitical tensions have led major economies to start “de-risking” from China

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EU Actually

Macron, France and EU in problems

N. Peter KramerBy: N. Peter Kramer

The pontifical and pompous re-opening of the Notre Dame Cathedral, five years after the devasting fire, cannot conceal that France is sinking into an unprecedented political crisis

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Europe

Macron to head to Warsaw to brief Tusk, Duda on US-Ukraine talks

Macron to head to Warsaw to brief Tusk, Duda on US-Ukraine talks

French President Emmanuel Macron is expected in Warsaw to debrief on conversations with US President-elect Donald Trump and Ukrainian President Volodymyr Zelenskyy over the weekend

Business

Value-based trade policies are on the rise- Here’s what businesses need to know

Value-based trade policies are on the rise- Here’s what businesses need to know

Trade policy is no longer just there to promote efficiency and productivity in the flow of goods and services

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