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Press releases published on May 22, 2025
White House Calls Trump’s Spending, Tax Cut Bill "Productive"
MENAFN
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May 22, 2025
(MENAFN) A previously unannounced meeting between U.S. President Donald Trump and congressional leaders on his ambitious spending and tax cut bill was described as "productive and moved the ball in the right direction," according to the White House on …
Report Reveals 25 Percent of Jobs Globally at Risk from Generative AI
MENAFN
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May 22, 2025
(MENAFN) A joint report from the International Labour Organization (ILO) and Poland's National Research Institute (NASK), released on Tuesday, revealed that 25% of jobs globally are at risk from generative artificial intelligence (GenAI), with clerical and …
US, Philippine Coast Guards Conduct First Joint Drill
MENAFN
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May 22, 2025
(MENAFN) For the first time, the United States Coast Guard and the Philippine Coast Guard conducted a joint training exercise, according to a statement released Wednesday by the Armed Forces of the Philippines (AFP). This event marked a significant …
Report states Russia’s main IT firms enjoy massive increase in turnover
MENAFN
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May 22, 2025
(MENAFN) Russia’s leading IT companies have nearly doubled their revenue over the past three years, driven by increased domestic demand and the exit of foreign competitors, according to a report released Tuesday by Smart Ranking. The combined turnover of …
UK sends security adviser to operate with Zelensky
MENAFN
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May 22, 2025
(MENAFN) The UK is reportedly dispatching Prime Minister Keir Starmer’s security adviser, Jonathan Powell, to Istanbul to provide strategic guidance to Ukrainian President Vladimir Zelensky ahead of expected peace talks with Russia, according to The …
German Business Sentiment Witnesses Increase in May
MENAFN
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May 22, 2025
(MENAFN) Germany’s business sentiment index experienced an increase in May, climbing from 86.9 to 87.5 points compared to the previous month. This marks the highest level the indicator has reached since June 2024, according to the Munich-based Ifo …
Study Reveals Star Formation Linked to Gas Location, Not Quantity
MENAFN
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May 22, 2025
(MENAFN) A recent study from Australia has revealed that the location of gas in a galaxy, rather than its quantity, plays a crucial role in determining whether new stars will form. The International Center for Radio Astronomy Research (ICRAR), based in …
Israeli forces fire ‘warning shots’ near foreign diplomats
MENAFN
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May 22, 2025
(MENAFN) Israeli forces fired warning shots near a group of foreign diplomats touring the Jenin refugee camp in the occupied West Bank on Wednesday, triggering panic among the delegation and accompanying journalists. Video footage captured the chaotic …
Zelensky says prohibition on Russia discussions doesn’t apply to him
MENAFN
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May 22, 2025
(MENAFN) Ukrainian President Vladimir Zelensky has asserted that a 2022 law banning negotiations with Russia does not apply to him personally, despite his recent call for a direct meeting with Russian President Vladimir Putin. Zelensky is expected to …
Fitch Revises Growth Outlook for Ten Developing Nations
MENAFN
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May 22, 2025
(MENAFN) Fitch, the global credit rating agency, has revised its forecast for the medium-term potential growth of 10 developing nations, lowering the group’s overall expected growth from 4% to 3.9%. On Wednesday, the agency adjusted its five-year potential …
Russian Air Defense Forces Shoot Down 105 Ukrainian Drones Overnight
MENAFN
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May 22, 2025
(MENAFN) Russia's air defense forces successfully intercepted 105 Ukrainian drones overnight, including 35 over the Moscow area, according to the defense ministry on Thursday. The ministry confirmed, "From 00:00 to 05:30 Moscow time, air defense systems on …
Ireland denounces shooting close to diplomatic political team
MENAFN
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May 22, 2025
(MENAFN) On Wednesday, Ireland released a strong denunciation after reports that Israeli army fired close to a diplomatic political team going to the Jenin refugee camp in the occupied West Bank in on a visit. Simon Harris, Ireland’s tanaiste (deputy prime …
EU consents USD170billion militarization strategy
MENAFN
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May 22, 2025
(MENAFN) EU ambassadors have approved a €150 billion ($169 billion) debt program aimed at accelerating the bloc's militarization efforts. The initiative, known as SAFE (Support for Ammunition, Military Financing, and European Defense), was announced by …
GOP Senators Block Legislation on Trump’s Qatar Jet Deal
MENAFN
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May 22, 2025
(MENAFN) Republican members of the U.S. Senate on Wednesday halted a legislative proposal put forward by Senate Minority Leader Chuck Schumer, which aimed to challenge a recent agreement involving Leader Donald Trump and the Qatari government. The deal …
Russia sentences ex-oligarch fourteen years over USD300mn theft
MENAFN
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May 22, 2025
(MENAFN) A Moscow court has sentenced former Russian banker and ex-senator Sergey Pugachev to 14 years in a penal colony for large-scale embezzlement. The verdict, delivered by the Tverskoy Court on Tuesday, was issued in absentia, as Pugachev has been …
EU gives threatened US state press source USD6 million
MENAFN
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May 22, 2025
(MENAFN) The European Union has stepped in to provide €5.5 million in emergency funding to Radio Free Europe/Radio Liberty (RFE/RL), a U.S.-backed media outlet facing a financial crisis following major funding cuts by the Trump administration. Often …
Cocoa Prices Sour 20 Percent Amid Supply Concerns, Weather Conditions
MENAFN
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May 22, 2025
(MENAFN) Cocoa prices have surged by over 20% in May, rebounding to over $11,000 per ton after experiencing a sharp decline earlier this year. The price had dropped more than 34% to $7,613 per ton, but has since recovered some ground. Though prices remain …
Philippine President Calls for Cabinet Resignations After Mid-Term Vote Setback
MENAFN
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May 22, 2025
(MENAFN) Philippine President Ferdinand Romualdez Marcos has requested the resignation of his cabinet secretaries following disappointing results for administration-backed candidates in the May 12 mid-term elections, the Presidential Communications Office …
Zelensky`s administration remains stable
MENAFN
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May 22, 2025
(MENAFN) Ukrainian President Vladimir Zelensky’s administration remains stable primarily due to the ongoing conflict with Russia and may therefore resist reaching a peace deal, according to Sergey Ordzhonikidze, former Director-General of the UN Office at …
Bitcoin Surges to All-Time High After Stablecoin Bill Momentum
MENAFN
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May 22, 2025
(MENAFN) Bitcoin’s value surged past $110,000 on Thursday for the first time ever, following progress on a major stablecoin-related bill in the U.S. Senate. According to Coinmarketcap data, the total worth of the global cryptocurrency market, which …