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World Bank upgrades Russia to "high-income" country due to war-spending boost
The positive economic news keeps coming for Russia after the World Bank upgraded it from an "upper-middle-income" to a "high-income" country, putting it in the same group as the leading G7 nations, the bank said on July 1.
Read Story![wiiw sees brighter growth prospects for ‘resilient’ Emerging Europe](http://d39raawggeifpx.cloudfront.net/styles/16_9_400x224/s3/articleimages/Screenshot_2024-07-02_at_20.03.29_0.png)
wiiw sees brighter growth prospects for ‘resilient’ Emerging Europe
Growth is mainly driven by a strong rise in real wages, leading to higher private consumption, while EU members are showing resilience in the face of Germany's economic downturn.
Read Story![PODCAST: Emerging Global with Mathew Cohen on Argentina renewed](http://d39raawggeifpx.cloudfront.net/styles/16_9_400x224/s3/articleimages/COHEN_ARGENTINA_Podcast_(1920_x_1080_px)_1719929773.png)
PODCAST: Emerging Global with Mathew Cohen on Argentina renewed
The latest episode of the Emerging Global podcast features an in-depth discussion on President Javier Milei's controversial economic reforms in Argentina.
Read Story![Hungarian PM Viktor Orban makes surprise visit to Kyiv, calls for ceasefire](http://d39raawggeifpx.cloudfront.net/styles/16_9_400x224/s3/articleimages/GRe3cj1XsAAaWus_Cropped_1719923969.jpg)
Hungarian PM Viktor Orban makes surprise visit to Kyiv, calls for ceasefire
Hungarian Prime Minister Viktor Orban made an unannounced visit to Kyiv on July 2, his first since the war began, for talks with Ukrainian President Volodymyr Zelenskiy expected to focus on peace and bilateral relations.
Read Story![THE VIEW FROM MITTELEUROPA: The new Dual Monarchy? Orban and Kickl's far-right pact](http://d39raawggeifpx.cloudfront.net/styles/16_9_400x224/s3/articleimages/Screenshot_2024-07-02_at_11.20.14_Cropped_1719912152.png)
THE VIEW FROM MITTELEUROPA: The new Dual Monarchy? Orban and Kickl's far-right pact
Hungarian Prime Minister Viktor Orban may soon find that he has a steady ally in Vienna that is willing to join his Central European axis.
Read Story![Can Niger's military junta seize the country's uranium opportunity?](http://d39raawggeifpx.cloudfront.net/styles/16_9_400x224/s3/articleimages/niger_Cropped_(1)_1719911320.jpg)
Can Niger's military junta seize the country's uranium opportunity?
Niger — one of the world's poorest countries — could become considerably wealthier if its uranium resources were fully exploited but political instability is hampering its development.
Read Story![Hurricane Beryl strengthens to Category 5, headed to Jamaica](http://d39raawggeifpx.cloudfront.net/styles/16_9_400x224/s3/articleimages/bneGeneric_bneGreen_hurricane_storm_AI_1719901844.jpg)
Hurricane Beryl strengthens to Category 5, headed to Jamaica
Hurricane Beryl intensified again into a "potentially catastrophic" Category 5 storm on July 2 as it moved across the eastern Caribbean, headed for Jamaica after downing power lines and flooding streets in the western Caribbean islands.
Read Story![Russian exports of diamonds to Hong Kong up 18-fold in 5M24](http://d39raawggeifpx.cloudfront.net/styles/16_9_400x224/s3/articleimages/1013_Russia_bneCompany_Alrosa_big_carat_diamond_benaris_2_3_1719817092.jpg)
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
In the first five months of the year, imports of Russian diamonds to Hong Kong increased 18-fold y/y, according to data from Hong Kong's Statistics Bureau published on its official website on June 30.
Read Story![TEHRAN BLOG: Iranian economic leaders rally behind Pezeshkian](http://d39raawggeifpx.cloudfront.net/styles/16_9_400x224/s3/articleimages/Untitled_design_(14)_1719840114.jpg)
TEHRAN BLOG: Iranian economic leaders rally behind Pezeshkian
Iran's former economy minister under President Hassan Rouhani has announced his support for so-called reformist presidential candidate Masoud Pezeshkian.
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