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Press releases published on May 29, 2025

India suggests ‘deep cuts’ on tariffs as discussions with US continue
(MENAFN) India has proposed significant reductions in import tariffs on a range of products as it works to finalize a preliminary trade deal with the United States, the Financial Times reported on Wednesday. However, the country intends to keep high …

Russia holds Islamic diplomatic forum
(MENAFN) The city of Kazan in Russia recently hosted the 9th Forum of Young Diplomats of the Organization of Islamic Cooperation (OIC), coinciding with the 16th Russia–Islamic World: KazanForum, a major event aimed at boosting economic cooperation between …

Rising COVID-19 Variant Sparks Concerns in Australia
(MENAFN) A newly emerging COVID-19 strain is contributing to an increase in infections across Australia. Health authorities have expressed concern that this variant might significantly impact the upcoming winter respiratory season, according to a report by …

Beijing Rebukes U.S. Visa Crackdown on Chinese Students
(MENAFN) Beijing issued a strong rebuke on Thursday following the United States’ decision to revoke visas for certain Chinese students, labeling the move as both unjustified and discriminatory. "The US’ unreasonable decision to revoke the visas of Chinese …

Musk resigns from special government worker
(MENAFN) Elon Musk, the billionaire CEO and head of the Department of Government Efficiency (DOGE), announced on Wednesday that he is stepping down from his position as a special government employee. The decision comes amid reports of increasing tensions …

Turkish Foreign Minister Plans Visiting Ukraine
(MENAFN) Turkish Foreign Minister Hakan Fidan is scheduled to visit Ukraine on May 29-30, following an invitation from his Ukrainian counterpart Andrii Sybiha, according to diplomatic sources. During his visit, Fidan is anticipated to meet with key …

South Korea’s Household Income Soars for Seven Straight Quarters
(MENAFN) South Korea has experienced a continuous rise in household income for seven straight quarters, driven primarily by gains in wages and business earnings, according to new data released Thursday by Statistics Korea. For the January to March period, …

U.S.-Japan Hold Talks on Trade Policies, Tariffs
(MENAFN) Senior officials from the United States and Japan are scheduled to convene this week to negotiate trade policies and tariffs as both nations aim to deepen their economic partnership. Their bilateral trade currently nears $228 billion in goods. …

South Korea Sees Recovery in March Real Wages
(MENAFN) South Korea experienced a recovery in real wages in March, after adjusting for inflation, according to data released Thursday by the labor ministry. The average monthly nominal wage per worker at companies with at least one full-time employee rose …

Philippine President Orders Top GOCC Executives to Step Down
(MENAFN) Philippine President Ferdinand Marcos Jr. issued a directive on Wednesday requiring all senior leaders of Government-Owned and Controlled Corporations (GOCCs) to resign, following his request for Cabinet secretaries to step down just six days …

Report states arms from Ukraine will overflow Europe
(MENAFN) A new report by the Eurasia Observatory has raised alarm over a likely surge in arms trafficking and organized crime across Europe following the end of the Russia-Ukraine conflict. The study suggests that weapons supplied to Ukraine by Western …

Musk Opposes UAE AI Data Hub
(MENAFN) US billionaire and tech magnate Elon Musk attempted to hinder a significant agreement aimed at establishing one of the globe's most expansive artificial intelligence (AI) data hubs in the United Arab Emirates, according to a Wednesday report from …

Putin criticizes ‘neo-Nazi’ Ukrainians for destroying Soviet WWII monuments
(MENAFN) Russian President Vladimir Putin criticized Ukrainian radicals for destroying Soviet-era World War II memorials, calling their actions idiotic and evidence of a neo-Nazi mindset. Speaking during a visit to the border region of Kursk on Tuesday, …

China Condemns U.S. Visa Revocations
(MENAFN) Beijing voiced strong criticism on Thursday against the United States' decision to annul the visas of Chinese students, denouncing the measure as both “unreasonable and discriminatory.” The Chinese Foreign Ministry characterized the move as a …

China Launches Asteroid Sample Mission
(MENAFN) China has initiated its pioneering mission to gather materials from a nearby asteroid, marking a major milestone in its space exploration endeavors, as reported by state-run media on Thursday. The spacecraft, named Tianwen-2, launched aboard a …

Laos, Russia Formalize Accord to Deepen Legal Ties
(MENAFN) The top prosecutorial authorities of Laos and Russia have formalized a new bilateral initiative to deepen legal ties and strengthen institutional cooperation throughout 2025 and 2026. According to a newspaper, the official agreement was signed on …

Russian representative says even aliens could be branded ‘foreign agents’
(MENAFN) Russia’s Justice Ministry has stated that even extraterrestrials could be classified as ‘foreign agents’ if they act against Russian interests. The designation, based on a law modeled after similar US legislation, targets individuals or groups …

Istanbul Becomes Main Platform for Russia, Ukraine Talks
(MENAFN) A high-ranking Russian authority declared on Thursday that Istanbul, the largest city in Türkiye, is fast becoming the “main platform” for diplomatic discussions between Russia and Ukraine. Earlier this month, the city hosted the first face-to- …

Russia Warns of German Missiles Attacking Moscow
(MENAFN) Russia has issued a stark warning suggesting it might consider a direct assault on Berlin should German forces assist Ukraine in launching attacks on Moscow using Taurus missiles supplied by Germany. An editor-in-Chief of a Russian news agency, …

Netanyahu alleges assassination of Mohammed Sinwar.
(MENAFN) An allegation made by Israeli Prime Minister Benjamin Netanyahu stating on Wednesday to have murdered Mohammed Sinwar, a Hamas leader and the sibling of assassinated Hamas head Yahya Sinwar. Netanyahu stated in a Knesset discussion, that the …