Italy’s EU-harmonised consumer prices rose 2.0% month-on-month in September, pushing annual inflation to 4.1%, up sharply from 3.2% in August. The increase was driven largely by soaring energy costs linked to turmoil in the Middle East. The latest figure was above the 3.8% median forecast from a Reuters poll of 17 analysts and marked Italy’s […]
BRICS nations have unanimously adopted a joint declaration expressing deep concern over the escalating conflict in the Middle East and calling for “maximum restraint.” The statement was issued on the first day of the BRICS leaders’ summit in New Delhi, amid renewed exchanges of strikes between the United States and Iran. The declaration urged countries […]
France is preparing to host the G7 Summit in Evian-les-Bains from June 15–17, with the conflicts in Iran and Ukraine expected to dominate discussions. French President Emmanuel Macron has crafted a carefully balanced agenda aimed at maintaining unity among G7 leaders and avoiding tensions with U.S. President Donald Trump. Leaders from Gulf nations, including Saudi […]
Manufacturers across the Eurozone accelerated purchases of raw materials in April, building up inventories amid fears of supply disruptions and rising costs linked to tensions in the Middle East. The S&P Global Eurozone Manufacturing PMI rose to 52.2, indicating growth, as both producers and customers rushed to secure supplies before prices climb further. Despite the
Italian Prime Minister Giorgia Meloni on Wednesday strongly criticised the U.S.-Israeli air strikes on Iran, calling them part of a dangerous global trend of unilateral interventions “outside the scope of international law.” Speaking to parliament, Meloni highlighted growing instability in the international system and compared the Middle East conflict to Russia’s 2022
Ukrainian President Volodymyr Zelensky has sent military and intelligence teams to Qatar, the United Arab Emirates, and Saudi Arabia to assist in defending against Iranian drones, following U.S. and Israeli air attacks. Zelensky highlighted Ukraine’s extensive experience in countering attack drones, built over four years of defending against Russian strikes, and emphasized
EU Council President Antonio Costa warned that Russia has emerged as the primary beneficiary of the ongoing Middle East conflict, profiting from soaring energy prices and reduced international attention on its war in Ukraine. Speaking to EU ambassadors in Brussels, Costa said Russia gains new resources to finance its operations in Ukraine while the diversion […]
Ukrainian President Volodymyr Zelensky has cautioned that escalating conflict in the Middle East could undermine Ukraine’s ability to secure vital air defence systems as it battles Russia’s invasion. He warned that allies, particularly the United States, might divert critical weapons such as Patriot missile systems to protect their own interests or support partners in the
France has expressed readiness to assist Gulf countries targeted by Iranian retaliatory attacks, Foreign Minister Jean-Noel Barrot said after a crisis meeting in Paris. Barrot emphasized that any support would be proportionate and aligned with international law’s collective self-defense principles, responding to requests from regional partners. The French minister
Global travel markets tumbled on Monday as escalating tensions between the U.S., Israel, and Iran forced closures of key Middle Eastern airports, including Dubai and Doha, leaving tens of thousands of passengers stranded. European travel giants such as TUI, Lufthansa, Air France-KLM, and IAG saw shares drop between 7–9%, while U.S. airlines fell around 5% […]









