The prolonged conflict in the Middle East has had a profound impact on labour markets, aviation, tourism, public finance, and growth prospects across many major economies in Asia and Europe. Experts warn that even if the conflict comes to an end, the scars it leaves behind may take years to heal.
The US cancelled its planned attack on Iran on May 19 following requests from three Gulf countries. Tehran also urgently sent Washington a 14-point peace proposal through Pakistani mediation. These positive moves by the parties involved have given observers reason to hope that the conflict in the Middle East may soon come to an end.
The expanded BRICS Foreign Ministers’ Meeting has just concluded in New Delhi. The meeting underscored the need to continue reforming the global governance system and strengthening the voice of developing countries in addressing global challenges.
The European Union (EU)’s Pact on Migration and Asylum - Brussels’ most comprehensive reform in migration management in recent years - is set to officially take effect in June. However, this marks only the beginning of a long and difficult journey.
The number of armed conflicts globally has risen sharply to levels not seen since the end of the Second World War, driving global military spending to a record high of nearly 2.9 trillion USD.
New developments related to the conflict in the Middle East, together with rifts within the North Atlantic Treaty Organisation (NATO), have confronted European countries with an unavoidable reality: being protected by a security umbrella does not necessarily mean enjoying sustainable safety.
Relations between the US and its allies in NATO have shown further strain after the Pentagon announced plans to withdraw around 5,000 troops from Germany within the next 6 to 12 months.
Over its history of more than 80 years, the United Nations has affirmed the enduring vitality of multilateralism, along with its role as a “beacon” guiding humanity towards peace and cooperation through turbulent times.
The ASEAN Secretary-General expressed confidence that Vietnam’s impressive economic achievements and consistent foreign policy will enable it to continue making active and effective contributions to regional integration and strengthening the ASEAN Community.
Hungary’s Prime Minister-elect Peter Magyar is moving swiftly to implement sweeping reforms, seeking to deliver on his pledge to usher in “a new era” for the Central European nation.
Recent developments in the Middle East, particularly those involving Iran, have raised concerns that the era of cheap oil may be drawing to a close. In response, the energy policies of many countries are shifting towards proactive adaptation to a new price and risk environment.
Disarming the Islamist movement Hamas, bringing Israel’s military operations to an end, and securing a full withdrawal are considered key prerequisites for a peace plan in the Gaza Strip. However, the parties’ failure to adhere to the roadmap has left the daunting challenge of restoring peace to the narrow Mediterranean enclave unresolved.
After more than 80 years of formation and development, the United Nations has achieved remarkable accomplishments in its efforts to fulfil its mission of maintaining peace and security and building a more just and better world for all humanity.
The new Entry/Exit System (EES) will be fully implemented across Europe’s passport-free Schengen Area from April 10, marking a historic turning point in border management.
Disruptions in the Strait of Hormuz, a key global energy shipping route, are causing a sharp decline in global oil flows. Major Gulf oil producers are considering diverting exports through alternative routes outside the Strait of Hormuz, while the Organisation of Petroleum Exporting Countries and its partners (OPEC+) have agreed to increase production quotas to alleviate supply pressure on the oil market.