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The European Union is considering a new visa ban targeting Russian nationals who have served in the military during the war in Ukraine, as part of its latest package of sanctions against Moscow.  European Commission President Ursula von der Leyen announced the proposed measures on June 9, describing them as the EU's 21st sanctions package since Russia launched its full-scale...

Oil prices fell slightly on Tuesday after Iran and Israel agreed to halt their exchange of strikes, but beneath the surface calm, the crude market is navigating a web of conflicting forces: a fragile ceasefire in the Gulf, record tanker orders, softening demand signals, and a long-term consumption outlook that refuses to fade. Crude oil futures backed off from early...

Consultations between the prime minister-designate with the three major parties from the former coalition did little to suggest that Eugen Tomac will get the votes necessary for the installation of his government. On the contrary, judging by statements made by Ilie Bolojan and Dominic Fritz on Monday, the Liberals and the USR didn’t receive assurances to give Tomac who was...

Major US banks consortium to launch tokenised deposit network in 2027 Bitcoin fell to $59,100 last week, marking its lowest price since October 2024. Several factors appear to have contributed to the decline, including continued outflows from spot bitcoin ETFs, the liquidation of leveraged long perpetual futures positions, and a broader deterioration in market sentiment. Spot bitcoin ETFs have faced significant selling...

The Italian Financial Police have conducted searches and seized assets at the residence of five suspects in Naples, Caserta and the surrounding province, as part of an investigation into possible subsidy fraud involving RRF funds for Small and Medium-sized Enterprise (SME).  The action was taken at the request of the European Public Prosecutor’s Office (EPPO) in Naples.  Assets worth  €305,500 were...

Romania's tourism sector recorded a slower start to 2026, with accommodation establishments receiving 3.17 million visitors during the first four months of the year, a 6.1% decrease compared to the same period in 2025, according to data published by the National Institute of Statistics (INS). The decline was accompanied by an 8% drop in overnight stays, which suggests that both...

Moldovan President Maia Sandu says her country needs interceptor drones due to the war in neighboring Ukraine. Moldova, which wants to join the  European ‌Union by 2030, has faced repeated incidents of Russian drones flying over the country and debris landing close to its border. Sandu who has rebuked Russia's ​invasion of Ukraine, pointed out an incident where a Russian drone...

The Royal Air Force (RAF) and British Army personnel visited the Land Forces’ Communications Academy in Sibiu, Romania last week to highlight the importance of interoperability during NATO’s enhanced Air Policing mission. The British contingent, deployed on Operation BILOXI—the UK’s contribution to NATO Air Policing—delivered presentations on Air Policing and related communications to more than 180 cadets during the June 2 visit. As part of...

The Competition Council of Romania published a preliminary report on April 8 proposing fines totaling approximately €710 million for 10 banks for allegedly manipulating ROBOR - the Romanian Bucharest Overnight Rate, the interbank benchmark used to price most domestic loans. The banks are fighting it and Romania's central bank is publicly defending them. Competition Council chief, Bogdan Chiriţoiu, said on Sunday...

Iran’s regime deserved to be crushed. But going to war without a serious plan for the Strait of Hormuz may rank among the great strategic blunders of modern history. The war against Iran’s regime was justified. The Islamic Republic spent decades as the principal engine of instability in the Middle East, funding and directing proxy militias from Lebanon to Yemen,...