An Oslo court convicted a 28-year-old Norwegian man of spying for Russia and Iran while working at the US Embassy in Norway. Judges sentenced him to three years and seven months in prison. The man admitted to the facts listed in the indictment but denied committing any crime. Prosecutors said he shared information about embassy diplomats, floor plans, and security routines, according to Norwegian broadcaster NRK. Investigators said the man’s discontent with US ties to Israel and the war in Gaza motivated him to contact Russian and Iranian intelligence services. Defence Claims Embassy Secrets Were Worthless In a statement, the…
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Banks Sign Agreement at Sibos to Deepen Trade and Finance ConnectivityRiyadh’s Banque Saudi Fransi (BSF) and Singapore’s DBS Group have entered a memorandum of understanding aimed at improving cross-border trade and payment channels between Asia and Gulf economies. The deal was formalised on 16 October 2025 during the Sibos conference in Frankfurt, where both institutions outlined plans to advance financial cooperation across key markets. Under the partnership, DBS and BSF will collaborate on trade settlement solutions, expand access to trade finance, and explore regional currency-clearing capabilities. The arrangement also includes plans for BSF to adopt DBS’s GlobeSend system—an international payment…
President Donald Trump said Indian Prime Minister Narendra Modi had agreed to scale back India’s purchases of Russian oil. The announcement came as Washington increased pressure on Moscow’s energy revenues and sought to isolate the Kremlin over the war in Ukraine. Trump told reporters that Modi assured him India would stop buying Russian oil “within a short period of time.” He called the pledge “a big stop.” US steps up pressure on India The US president has leveraged India’s reliance on Russian oil in trade talks. So far, New Delhi has resisted, insisting its energy policies serve national interests and…
Nation Poised for Rapid Industrial GrowthSouth Korea is on track to surpass Japan and become Asia’s second-largest industrial gases market by 2035, according to Air Liquide. Park Il-Yong, head of the company’s East Asia Pacific division, said the country’s expanding semiconductor, clean energy, and mobility sectors will accelerate demand for high-tech gas solutions. The projection follows Air Liquide’s $3.3 billion acquisition of DIG Airgas, a move designed to strengthen its foothold in one of the region’s fastest-growing economies. Expansions Cement Air Liquide’s Local PresenceAir Liquide has been ramping up investment in South Korea to align with the nation’s industrial transformation.…
China continues to assert its role as a key player in global climate action, demonstrating a proactive approach to environmental sustainability and international cooperation. Recent analyses highlight the country’s tangible contributions to reducing carbon emissions, promoting renewable energy, and supporting global climate governance. These efforts reinforce China’s commitment to multilateral agreements and its position as a responsible leader in the fight against climate change. Officials note that China has implemented comprehensive strategies to achieve carbon neutrality targets while maintaining economic growth. Investments in clean energy, including solar, wind, and hydropower, have expanded rapidly, helping the country reduce reliance on fossil…
China’s efforts to combine green finance with green technology innovation are showing strong results in reducing pollution and carbon emissions. A recent study indicates that this synergy has significantly improved environmental performance across the country, particularly in the eastern and western regions. By integrating financial incentives with technological advancements, China is accelerating its path toward sustainability. Experts say that green finance policies, including green bonds, loans, and investment funds, are providing crucial support for companies developing clean technologies. These policies encourage businesses to adopt eco-friendly practices, reduce emissions, and invest in renewable energy projects. At the same time, technological innovation…
China’s inbound tourism surged dramatically in the first half of 2025, thanks to its expanded visa-free entry policy. The policy, now applicable to citizens from 74 countries, contributed to a 53.9% increase in international visitors, totaling 13.64 million travelers. The growth highlights China’s efforts to reopen its borders and attract global tourists after years of travel restrictions. Easing visa requirements has made the country a more accessible destination for vacationers, business travelers, and cultural explorers alike. China’s visa-free entry initiative allows eligible travelers to visit major cities and scenic regions without lengthy visa procedures. Travelers from Europe, Asia, North America,…
The United States has seized more than $14 billion in bitcoin and charged Cambodian businessman Chen Zhi, founder of the Prince Group, for allegedly running one of the largest cryptocurrency scams in history. The joint US-UK operation uncovered a global criminal network built on fraud, forced labour, and money laundering. Cambodian Tycoon Accused of Leading Worldwide Scam Chen Zhi, a dual citizen of Cambodia and the UK, was charged in New York with conspiracy to commit wire fraud and money laundering. Both governments sanctioned his companies and froze his assets. UK authorities confirmed that 19 London properties linked to Chen’s…
China and the United States continue to clash as both sides impose new shipping fees, alarming investors. President Trump tried to calm markets with a social media post, saying, “Don’t worry about China, it will all be fine!” European stock markets opened lower on Tuesday despite Monday’s Wall Street rally after Trump’s remarks about relations with Beijing. Investor confidence remains weak as the two largest economies battle over trade. Both nations began charging fees on each other’s ships on Tuesday after Washington’s probe into China’s dominance in shipbuilding. The US set a $50 (€43.27) per tonne fee on Chinese vessels…
Beijing’s New Rules Trigger Calls for Coordinated European ResponseEuropean officials have pledged a determined answer to China’s latest decision to widen export restrictions on key industrial minerals vital for electronics, clean energy, and defence production. The updated policy—outlined in China’s Announcement No. 61—adds several rare-earth elements, including europium, holmium, thulium, erbium, and ytterbium, to its list of controlled exports. Speaking after a ministerial meeting on 14 October 2025, EU Trade Commissioner Maroš Šefčovič said the bloc would act jointly with G7 partners to “safeguard European interests” and maintain stability in global technology supply chains. China’s Market Dominance Highlights Europe’s Strategic…
