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Press releases published on May 22, 2025
Fitch Revises Growth Outlook for Ten Developing Nations
MENAFN
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May 22, 2025
(MENAFN) Fitch, the global credit rating agency, has revised its forecast for the medium-term potential growth of 10 developing nations, lowering the group’s overall expected growth from 4% to 3.9%. On Wednesday, the agency adjusted its five-year potential …
Russian Air Defense Forces Shoot Down 105 Ukrainian Drones Overnight
MENAFN
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May 22, 2025
(MENAFN) Russia's air defense forces successfully intercepted 105 Ukrainian drones overnight, including 35 over the Moscow area, according to the defense ministry on Thursday. The ministry confirmed, "From 00:00 to 05:30 Moscow time, air defense systems on …
Ireland denounces shooting close to diplomatic political team
MENAFN
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May 22, 2025
(MENAFN) On Wednesday, Ireland released a strong denunciation after reports that Israeli army fired close to a diplomatic political team going to the Jenin refugee camp in the occupied West Bank in on a visit. Simon Harris, Ireland’s tanaiste (deputy prime …
EU consents USD170billion militarization strategy
MENAFN
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May 22, 2025
(MENAFN) EU ambassadors have approved a €150 billion ($169 billion) debt program aimed at accelerating the bloc's militarization efforts. The initiative, known as SAFE (Support for Ammunition, Military Financing, and European Defense), was announced by …
GOP Senators Block Legislation on Trump’s Qatar Jet Deal
MENAFN
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May 22, 2025
(MENAFN) Republican members of the U.S. Senate on Wednesday halted a legislative proposal put forward by Senate Minority Leader Chuck Schumer, which aimed to challenge a recent agreement involving Leader Donald Trump and the Qatari government. The deal …
Russia sentences ex-oligarch fourteen years over USD300mn theft
MENAFN
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May 22, 2025
(MENAFN) A Moscow court has sentenced former Russian banker and ex-senator Sergey Pugachev to 14 years in a penal colony for large-scale embezzlement. The verdict, delivered by the Tverskoy Court on Tuesday, was issued in absentia, as Pugachev has been …
EU gives threatened US state press source USD6 million
MENAFN
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May 22, 2025
(MENAFN) The European Union has stepped in to provide €5.5 million in emergency funding to Radio Free Europe/Radio Liberty (RFE/RL), a U.S.-backed media outlet facing a financial crisis following major funding cuts by the Trump administration. Often …
Cocoa Prices Sour 20 Percent Amid Supply Concerns, Weather Conditions
MENAFN
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May 22, 2025
(MENAFN) Cocoa prices have surged by over 20% in May, rebounding to over $11,000 per ton after experiencing a sharp decline earlier this year. The price had dropped more than 34% to $7,613 per ton, but has since recovered some ground. Though prices remain …
Philippine President Calls for Cabinet Resignations After Mid-Term Vote Setback
MENAFN
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May 22, 2025
(MENAFN) Philippine President Ferdinand Romualdez Marcos has requested the resignation of his cabinet secretaries following disappointing results for administration-backed candidates in the May 12 mid-term elections, the Presidential Communications Office …
Zelensky`s administration remains stable
MENAFN
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May 22, 2025
(MENAFN) Ukrainian President Vladimir Zelensky’s administration remains stable primarily due to the ongoing conflict with Russia and may therefore resist reaching a peace deal, according to Sergey Ordzhonikidze, former Director-General of the UN Office at …
Bitcoin Surges to All-Time High After Stablecoin Bill Momentum
MENAFN
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May 22, 2025
(MENAFN) Bitcoin’s value surged past $110,000 on Thursday for the first time ever, following progress on a major stablecoin-related bill in the U.S. Senate. According to Coinmarketcap data, the total worth of the global cryptocurrency market, which …
Trump confronts S-African president with ‘white genocide’
MENAFN
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May 22, 2025
(MENAFN) During a meeting at the White House on Wednesday, U.S. President Donald Trump confronted South African President Cyril Ramaphosa with allegations of violence and discrimination against white farmers, a topic that took center stage despite the …
Arab nations denounce Israeli shooting on political team of foreign diplomats
MENAFN
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May 22, 2025
(MENAFN) Arab nations have denounced the Israeli army’s shooting, demanding international responsibility and requiring clarification from Israel. As political team of foreign diplomats visiting Jenin camp, which is located in the northern West Bank, as …
Netanyahu’s eternal conflict murders Israel faster than its foes
MENAFN
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May 22, 2025
(MENAFN) Israeli Prime Minister Benjamin Netanyahu appears increasingly cornered—faced with the choice of stepping down or continuing a war that may ultimately harm Israel more than its adversaries. In the past year and a half, Israel has failed to …
Lavrov labels Zelensky as ‘pathetic’
MENAFN
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May 22, 2025
(MENAFN) Russian Foreign Minister Sergey Lavrov has harshly criticized Ukrainian President Vladimir Zelensky, labeling him a “pathetic person” and claiming that even Western allies have urged him to stop acting irrationally. Lavrov’s remarks came in …
Cocoa Prices Rise After Supply, Demand Shifts
MENAFN
·
May 22, 2025
(MENAFN) Cocoa prices have surged over 20 percent in May after experiencing significant drops earlier this year, now rising above USD11,000 per ton. Initially, the price plummeted more than 34 percent, falling to USD7,613 per ton before gradually …
Launch of New DPRK Destroyer Ends in Devastating Mishap
MENAFN
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May 22, 2025
(MENAFN) A "serious accident" took place during the Democratic People's Republic of Korea's (DPRK) launch of a new 5,000-ton destroyer on Wednesday, as reported by a news agency on Thursday. The mishap took place at the Chongjin Shipyard during the vessel' …
EU Launches Loan Plan to Reinforce Defense Sector
MENAFN
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May 22, 2025
(MENAFN) European Union nations have collectively agreed to introduce a substantial EURO150 billion (USD170 billion) loan initiative titled the Defense Industrial Readiness Loan Instrument (SAFE), aimed at enhancing the bloc's defense infrastructure. …
Putin states Ukrainian invasion forces established bases in Russian churches
MENAFN
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May 22, 2025
(MENAFN) Russian President Vladimir Putin has stated that Ukraine’s military used churches in the Kursk Region of Russia as strongholds during their unsuccessful incursion. He mentioned that many of these religious buildings sustained significant damage …
FM states Ukraine welcoming Putin-Zelensky meeting
MENAFN
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May 22, 2025
(MENAFN) Ukraine is interested in holding direct talks between President Vladimir Zelensky and Russian President Vladimir Putin, according to Ukrainian Foreign Minister Andrey Sibiga. His comments come as discussions between Russian and Ukrainian …