Author: Press Room

The International Monetary Fund (IMF) has warned that a global recession is coming, thanks to the war with Iran. Any further escalation would trigger a global recession that would harm the United Kingdom far more than any other G7 country. In its half-yearly update, the IMF said the UK would suffer the sharpest growth downgrade and the joint highest inflation rate in the G7 this year, even if the fallout from soaring energy costs can be contained by the middle of 2026, according to a report by The Guardian.  The IMF added that if a worst-case “severe scenario” unfolds, involving a drawn-out…

The Spanish government’s ongoing mass amnesty for illegal migrants has already caused a functional collapse of social services across Madrid, a report states. The administration of socialist Prime Minister Pedro Sánchez is presently on the first weeks of its highly-controversial plan to grant as many as half a million illegal migrants with legal residence status and work permits, provided they comply with a list of — extremely lax and questionably enforced — requirements. The amnesty plan officially went into action in mid-April and will run through the end of June. Unnamed Madrid municipal sources told Spanish publication Okdiario that the sheer…

On Wednesday’s broadcast of MS NOW’s “All In,” Sen. Adam Schiff (D-CA) responded to criticism of gas prices in California by the Trump administration by arguing that “they have full ownership of this energy crisis, full ownership of the high gas prices, full ownership of the increase in utility bills.” Host Chris Hayes asked, “Finally, every time that we show this national U.S. average gas prices graphic, which we’ve been showing a lot, I hear from viewers in California who say, buddy, you don’t know the half of it, I wish we were paying those national averages. It was very…

Democrat Rep. Jerry Nadler (D-NY) is upping his rhetoric against President Donald Trump, referring to the duly elected commander-in-chief as “America’s chief insurrectionist” just days after yet another failed assassination attempt. Nadler used the divisive and false description this week as he promoted legislation to ban Trump’s name from appearing on federal buildings. “Donald Trump is a convicted felon, a twice impeached president, and America’s chief insurrectionist,” Nadler said, concluding that Trump’s name on a federal building or monument would be associated with “tyranny” as well. “His name is unfit to honor our nation’s buildings. I am proud to introduce…

Abu Dhabi’s break with the cartel could flood markets, rattle prices, and redraw power lines from Riyadh to Moscow The United Arab Emirates has announced its withdrawal from OPEC and the OPEC+ format effective May 1, 2026, ending nearly six decades of membership. This marks the largest institutional disruption to the oil production coordination system since the establishment of the expanded OPEC+ format in 2016 and is perceived by the market as a step towards weakening the group’s ability to influence global oil prices.At the same time, the move reflects Abu Dhabi’s strategic course towards maximizing its own production and…

First Lady Melania Trump hosted King Charles III and Queen Camilla of the United Kingdom at the White House on Tuesday as part of a state visit, wearing a regal ensemble in a soft ivory and sand color palette. For the second day of the state visit with the British Royals, Mrs. Trump wore a silk and wool skirt suit from Ralph Lauren with exquisite gold button closure. Mrs. Trump, working with her longtime stylist Hervé Pierre, paired the suit with an Eric Javits “Gondolier” boater hat — the same hat designer who created the first lady’s iconic inaugural boater hat. The…

New York Mayor Zohran Mamdani said before meeting King Charles III he wanted to advocate on behalf of India over their demands for a precious diamond from the British crown jewels. Following a successful day in Washington DC for King Charles III and Queen Consort Camilla on Tuesday, where their Royal Highnesses exchanged speeches with President Donald Trump, addressed Congress, and were treated to a White House banquet, the pair travelled on to New York on Wednesday. Both King and Queen made a pilgrimage to the 9/11 Memorial in Manhattan before separately visiting chosen charities. 67 British citizens died on 9/11,…

CNN reported on Tuesday that the Justice Department has indicted former FBI Director James Comey for a second time. CNN cited two sources familiar that Comey would be indicted for the second time, although the charges remain unclear. The Justice Department indicted the former FBI Director last September, when the Department of Justice (DOJ) accused him of lying to Congress over leaks to the press. The case was dismissed last year by a federal judge who believed that the interim U.S. Attorney for the Eastern District of Virginia was improperly appointed to the position. Fox News reported that this indictment…

By Timofey Bordachev, Program Director of the Valdai ClubThe dramatic events of the first months of 2026 offer a useful lens through which to assess the evolving role of the world’s major powers. Among those often cast as architects of a new international order, China stands out, arguably even ahead of Russia and the United States, both of which remain preoccupied with their rivalry in Europe.For decades, China’s rise has been one of the central forces shaping global change. As far back as the late 20th century, Henry Kissinger argued that China’s growing importance would prove more consequential than even…

The Russian Defense Ministry said on Wednesday that next week’s annual Victory Day parade will be conducted without tanks, missiles, or other heavy military equipment, due to the “current operational situation” in Ukraine. Kremlin spokesman Dmitry Peskov more explicitly blamed the threat of “terrorist activity” from Ukraine as the reason for scaling back the parade. “All measures are being taken to minimize the danger,” Peskov said. Victory Day is Russia’s holiday to commemorate victory over Nazi Germany in World War II. During the quarter-century reign of nationalist strongman Vladimir Putin, the event has increasingly become an opportunity to push a…