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Global clean electricity hits new high as solar power surges

The share of electricity generated from low-carbon sources worldwide surpassed 40% for the first time, according to a new report released by Ember, the London-based independent energy think-tank.

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Why investors are turning their gaze to Latin America after Trump tariffs

Trump's trade war unexpectedly boosts Latin America, with investors spotting fresh opportunities in a reshuffled global economic landscape.

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Picula: Serbia will not enter EU while it sits on four chairs

Serbia's long path to EU membership remains uncertain under its current leadership, which “sits in four chairs”, according to the European Parliament rapporteur for Serbia, Tonino Picula.

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COMMENT: Trump’s secondary sanctions on Russian oil are a lose-lose proposition – Carnegie

“Just as certain classes of medication are sometimes in vogue and prescribed to help with all kinds of ailments, it seems that US President Donald Trump and his team have stumbled upon a magical remedy for all the world’s problems: tariffs.”

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COMMENT: US tariffs set to squeeze European corporate earnings across multiple sectors – Fitch Ratings

US President Donald Trump’s Liberation Day tariffs on European imports – set at 20% for EU member states and 10% for the UK – are poised to curtail revenue and profitability growth across several corporate sectors in Europe, according Fitch.

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Ukraine's costly return to gas imports

Russian attacks against Ukraine’s natural gas production facilities have precipitated yet another energy security crisis for the beleaguered country.

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Hungary says no to EU countermeasures targeting US products

Hungary has come out forcefully against European Commission plans to impose retaliatory tariffs on US imports, with Foreign Minister Peter Szijjarto warning that such measures would inflict economic harm on consumers and escalate tensions.

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Death toll rises to 20 in Thailand as more bodies pulled from collapsed high-rise

The deceased have been transferred to the Institute of Forensic Medicine at the Police General Hospital for identification. Authorities have not yet released the names of the victims, pending notification of their families.

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Trump gave his backing to Erdogan's arrest of main political rival Imamoglu, claims opposition leader

Turkey run by junta that mounted coup, says Ozgur Ozel, adding that its president “no longer has legitimacy. He fears elections. He fears the streets.”

Latest Updates

News

Hungary's cash flow-based budget deficit reached HUF831.2bn (€2bn) last month, bringing the Q1 gap to HUF2.55 trillion, or 62% of the full year target, according to preliminary data from the National Economy Ministry.

Uzbekistan reportedly considering purchase of Chinese fighters.

Belarusian authorities intercepted a van carrying 580kg of the high explosive pentaerythritol tetranitrate (PETN), believed to be of US origin, at the Belarus-Poland border, the State Customs Committee of Belarus reported on April 2.

Shalva Papuashvili, Speaker of the Georgian Dream majority Parliament, has condemned a new UK grant programme which offers funding to Georgian NGOs working to safeguard democracy in the Caucasus country.

Argentine financial markets slumped amid reactions to the “Liberation Day” tariffs implemented by US President Donald Trump.

Tech

PM Edi Rama hopes new tech park to ultimately bring €0.5bn in budget revenues by backing Albanian tech talent.

Video sharing network reveals the scale of online manipulation around Romania's cancelled 2024 presidential election, with nearly 100,000 fake accounts blocked.

Tether cryptocurrency has reached a new record high of IRR 1.04mn, surpassing Ferdowsi Street's hard dollar exchange rate on March 30 as people dump the rial further weakening the national currency.

Value of country's startup ecosystem soared to $26bn in 2024, up 18-fold since 2019, says Dealroom.co and Astana Hub analysis.

Funding to be used to further develop SplxAI’s platform, which provides automated security testing, remediation and monitoring for AI agents and applications.

Opinion

As expected, China opted for a strong response, hitting back against the US 'Liberation Day' tariffs with a 34% across the board tariff on the US.

If the EU cannot deliver progress in accession, it risks undermining the incentive for countries to continue reforming.

When today’s quality newspapers go into the ‘field’, you shouldn’t always get your hopes up.

Shadow economy minister says economic governance hollowed out with institutions reduced to managing appearances. “What persists is not policy. It is performance art for bond markets,” he adds.

Donald Trump has referred to tariffs as “the most beautiful word in the dictionary”. And now the US President has unleashed the most aggressive surge in American trade protectionism in almost a century.

Data

Moldova’s current account deficit (chart) widened by 54% year on year to $2.9bn in 2024, driven primarily by an 18% increase in the trade deficit, which reached $4.7bn, according to data published by the National Bank of Moldova.

Excess lira liquidity in banking system on April 7 turned negative for first time since September.

Hungary's consumer price growth slowed more than expected in March to 4.7% (chart) from 5.6% from the previous month, marking the first decline after five consecutive months of acceleration.

Czech industrial production increased by 1.5% year on year and by 1.7% month on month, returning to mild growth after a series of unconvincing results.

South Korea's financial markets suffered a significant blow, as stocks tumbled over 5.5% on April 7, marking a fourth straight working day of declines.

Features

In an exclusive interview with bne IntelliNews, EBRD’s Ukraine head Arvid Tuerkner discusses the bank’s activities in Ukraine, and why he has great hopes for the country’s postwar recovery.

Little near-term pain, but lots of uncertainty about future.

Ukraine’s construction industry is resilient as it gears up for the restoration of the country’s decimated housing and infrastructure. But the sector has a mountain to climb as it contends with ongoing war and shortages of material and labour.

Russia has been intensifying its efforts to strengthen energy partnerships with African countries, indicating a broader strategy to enhance its geopolitical influence across the continent.

President Trump’s Liberation Day tariff formula makes no economic sense and includes some basic mathematical errors that means the tariff rates are four times higher than they should be, according to several economic experts.

Blogs

Israel’s PM arrives at White House having just bombed into ground Syrian military air base Turkish president Erdogan wanted to take over.

The international community will have to step up to prevent new clashes in Bosnia.

Days earlier, French leader took aim at Turkish government for carrying out "systematic attacks" on freedoms. And referred to some mysterious "democratic path".

Reporter Mark Lowen has talked about press freedom and democracy. His comments in the context of the realities of the Erdogan regime are laughable.

The discovery of human remains at Rancho Izaguirre in Teuchitlán, Jalisco, has once again highlighted the brutal violence that dominates parts of Mexico.

bneGREEN

Battery technology could be one of the major casualties of US President Donald Trump’s sweeping new “Liberation Day” tariff package. The measures, which impose across-the-board import taxes, disproportionately target Southeast and East Asia.

Company also pushing forward with production plant investment in return for which it won Turkish tariff exemptions.

Mumbai-based engineering company Larsen & Toubro Limited has, over recent years, established itself as a major player in the global energy EPC market.

In aspiring for a strategic partnership with the region, Brussels has one eye firmly fixed on deposits of critical minerals.

The Arctic experienced record high temperatures this winter as warming accelerated again and is now running seven times faster in the North Barents Sea than the rest of the world, researchers have found. Catastrophic damage is now "locked in."

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In this episode of the Emerging Global Podcast, Ruthie Blum, former advisor to the Office of Israeli Prime Minister Benjamin Netan....

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