Amazon Selects Kenya for First African Satellite Gateway in Project Kuiper Challenge to Starlink
Amazon has chosen Kenya for its first African satellite gateway, a key component of Project Kuiper’s planned LEO broadband network. The ground station, to be run by Amazon Kuiper Kenya Limited, will link the upcoming Amazon Leo constellation to Kenya’s terrestrial internet infrastructure. Amazon has applied for a Tier 2 licence that requires a $115,000 fee and 30% local ownership. The move pits Amazon directly against Starlink, which already serves over 22,000 Kenyan customers.
US Forces Disable Indian Crewed Tanker Linked to Iran's Shadow Fleet
On June 8, a U.S. Navy F/A‑18 Super Hornet fired a precision munition that disabled the Palau‑flagged oil tanker MT Marivex in the Gulf of Oman. The vessel, carrying 24 Indian crew members and linked to Iran’s shadow oil fleet, was rendered...
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Yemen Declares Ban on Israeli Shipping in Red Sea
Yemen's Houthi‑controlled armed forces announced a total ban on Israeli shipping in the Red Sea, declaring any Israeli vessel a legitimate military target. The proclamation follows Iran’s missile strike on Israel and signals a coordinated escalation among Iran‑aligned groups. By...
Israel Retaliates Against Iranian Strikes, Defying Trump's Orders as US-Iran Deal Hangs in the Balance
Israel launched air strikes on western and central Iran, including the Mahshahr petrochemical complex, in retaliation for Iranian missile launches that targeted the Ramat David air base. The retaliation directly defied President Donald Trump’s explicit order to avoid escalation, heightening...
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Iran Fires Missiles at Israel in First Such Attack Since April Ceasefire
Iran launched a volley of long‑range solid‑fuel missiles at Israel on June 7, marking the first direct Iranian strike since the fragile cease‑fire brokered in early April. The missiles were aimed at the Ramat David air base in northern Israel in retaliation...
Saudi Arabia's Al Wajh Airport Resumes Flights
Saudi Arabia’s Al Wajh International Airport reopened on June 7 after a Red Sea Global‑led modernisation that lifted its annual passenger capacity from 100,000 to 500,000. The upgrade transforms the facility into a feeder gateway for the luxury AMAALA wellness destination and...
Turks Cannot Be Made to Believe Inflation Will Come Down, Says Veteran Economist
Turkey's official inflation rose to 33% in June, highlighting the difficulty of convincing the public that price growth will ease, veteran economist Mustafa Sonmez said. The government’s demand‑focused disinflation program cut inflation from 38% to 33% but supply‑side pressures—food at...
Brazil Seeks New Partners, Expands Credit Lines as US Tariff Threat Mounts
Brazilian President Luiz Inácio Lula da Silva announced a dual strategy to counter looming U.S. tariffs that could hit up to 20% of Brazil's exports to the United States. Washington has proposed a 25% duty on those goods and a...
EU Pledges Aid to Armenia, Accuses Russia of Economic Coercion
The European Union announced more than €50 million (about $55 million) in immediate aid for Armenia after Moscow imposed new trade restrictions, particularly on agri‑food products like flowers. EU Commission President Ursula von der Leyden pledged assistance to diversify Armenian exports and support infrastructure...
China’s BYD Captures 35% of Africa EV Market, as Latecomer Rival Tesla Bets on Morocco
Chinese automaker BYD has surged to a 35% share of Africa’s electric‑vehicle market in 2025, up from just 4% two years earlier, according to the IEA’s Global EV Outlook 2026. The company targets 1.3 million overseas sales in 2026 and is...
Ukraine Drones Hit St Petersburg Oil Terminal as Russia's SPIEF Investment Forum Kicks Off
Ukraine launched long‑range drones that struck the St Petersburg oil terminal just as Russia’s St Petersburg International Economic Forum (SPIEF) opened. About 50 drones flew 500 km, with dozens shot down, causing explosions, a large fire and the closure of the city’s airspace,...
Kazakhstan Taking on Lots of Debt to China
Kazakhstan’s external debt to China has accelerated, climbing from about $9 bn in 2022‑2024 to $12.9 bn after a $3.5 bn credit line in 2025. The government tapped China’s domestic bond market in May 2026, issuing 3.4 bn yuan (≈$500 mn) panda bonds with a 1.9%...
Aura Energy Targets 2026 FID for Mauritania Uranium Mine Following Deal with "Major" Nuclear Utility
Aura Energy aims to secure a final investment decision for its Tiris uranium project in Mauritania by the end of 2026 after signing a non‑binding memorandum of understanding with an unnamed major international nuclear utility. The MOU covers potential equity...
Vietnam’s Gia Lai Draws Wave of Renewable Energy Investment as Wind Projects Expand
Vietnam’s central province Gia Lai is rapidly becoming a renewable‑energy hub, driven by strong wind resources, ample land and the government’s National Power Development Plan VIII. In May, a consortium led by ANI Power secured the US$61 million Chu Pong wind project,...
Indonesian Employers' Association, Mining Cartels Yield to Country’s $66bn Export Monopoly
Indonesia’s employers association and major mining cartels have publicly endorsed President Prabowo Subianto’s new export monopoly, handing exclusive rights to state‑controlled trader PT Danantara Sumberdaya Indonesia (DSI). The policy targets roughly $66.13 billion in annual resource revenues—about 23.4% of the country’s...