News

Economic Exodus: Millionaires and tech workers leave Israel in waves following outbreak of war

bnm Tel Aviv bureau April 9, 2025

At least 1,700 millionaires have departed Israel in the past year as economic conditions deteriorate following the Gaza war, according to a report by Henley & Partners and South African data intelligence firm New World Wealth cited by Israeli media.

JFE Shoji opens first factory in Europe – in Serbia

bne IntelliNews April 9, 2025

Japanese company JFE Shoji inaugurated a state-of-the-art factory in the Serbian town of Inđija on April 8, marking its first manufacturing plant in Europe.

Turks target Elon Musk after X blocks more accounts for calling boycott

bne IntelliNews April 9, 2025

The second district court in Istanbul has ordered the blockage of the X accounts of three famous actors after they called on their followers to participate in a boycott, EngelliWeb (@engelliweb), which follows up internet censor in Turkey.

Serbs from Kosovo march to Belgrade for pro-government rally

bne IntelliNews April 9, 2025

While pro-government Serbs march to the capital Belgrade, a group of 80 students are cycling in the other direction to Strasbourg, to demand EU support for the ongoing protests against the government.

Syrian economist proposes new currency to solve economic crisis

bnm Gulf bureau April 9, 2025

Syria could introduce a "neo-Syrian lira" by removing two zeros from the current currency, which has become an urgent necessity.

Trump hints at tariff on pharma imports, raising concerns for Indian drugmakers

bno - Mumbai Office April 9, 2025

US President Donald Trump has said Washington is preparing to impose a "major" tariff on pharmaceutical imports, a move that could significantly affect India’s pharma industry.

US interim envoy flags energy diversification as key priority for Orban government in first public address

bne IntelliNews April 9, 2025

In his first public appearance in Budapest, US chargé d'affaires Robert Palladino stated that American diplomacy under a Trump administration would steer clear of "activism".

Volcanic activity escalates at Mount Kanlaon in Central Philippines

bno - Jakarta bureau April 9, 2025

Mount Kanlaon, a volcano in the Central Philippines, erupted once more on the morning of April 8, propelling a column of ash approximately 4,000 metres into the atmosphere.

Taiwan open to US dialogue on tariff dispute amid market turmoil

bno - Jakarta bureau April 9, 2025

Taiwan has expressed its readiness to engage with the United States on tariff-related matters at any moment, following a sharp downturn in its stock market triggered by trade uncertainty.

Turkish doctor Oz bags congress approval to chair Trump’s trillion dollar Medicare agency

Akin Nazli in Belgrade April 9, 2025

Friendship with US president dates back to their time in showbusiness.

Erdogan’s junior ally proves he's not dead

Akin Nazli in Belgrade April 9, 2025

MHP leader Devlet Bahceli reappears after two months out of public eye.

Mehmet Simsek is finance arm of Turkey's "coupist junta", says opposition leader

Akin Nazli in Belgrade April 8, 2025

Ozgur Ozel launches attack on former Merrill Lynch investment banker, saying "Nobody should trust this man".

Hungary's Q1 budget deficit widens to 62% of full-year target, central bank warns of impact of trade war

bne IntelliNews April 8, 2025

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.

Iranian currency markets tumble following Trump’s announcement on direct Iran-US talks

bnm Tehran bureau April 8, 2025

The US dollar recorded a 5.53% decline compared to the previous day’s close, selling at IRR999,500 on Tehran’s Ferdowsi Street.

China trying to expand role as arms supplier to Central Asia

Eurasianet April 8, 2025

Uzbekistan reportedly considering purchase of Chinese fighters.

Lukashenko gifts Putin with foiled 580kg high explosives terrorist attack

Leon Aris in Berlin April 8, 2025

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.

Georgian Dream Parliament Speaker denounces UK grant programme for local election watchdogs

bne IntelliNews April 8, 2025

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.

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

bnl editorial staff April 8, 2025

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

Argentine financial markets slump following US tariff war

Mathew Cohen April 8, 2025

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

Iranian rial posts significant gains against major currencies following US-Iran talks news

bnm Tehran bureau April 8, 2025

The Iranian rial has strengthened against major global currencies, with the US dollar falling 5.86% to IRR996,000 following US President Donald Trump's announcement of direct talks with Iran.

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