HOME/WORLD
EU guarantees insufficient for using frozen Russian assets to aid Ukraine: Belgian PM
EU guarantees insufficient for using frozen Russian assets to aid Ukraine: Belgian PM
1 hour ago
Testimony of history: Japanese civic group holds exhibition on Unit 731 atrocities, urges Tokyo to admit atrocities, apologize
Testimony of history: Japanese civic group holds exhibition on Unit 731 atrocities, urges Tokyo to admit atrocities, apologize
2 hours ago
Australian PM announces national gun buyback following Bondi Beach shooting
Australian PM announces national gun buyback following Bondi Beach shooting
2 hours ago
Oil prices rise after US orders blockade on sanctioned tankers to and from Venezuela
Oil prices rise after US orders blockade on sanctioned tankers to and from Venezuela
2 hours ago
People's Daily English language App
People's Daily English language App
People's Daily English language App
Brown University shooting suspect found dead: Fox News
Brown University shooting suspect found dead -- Fox News
10:11
Japanese official makes controversial remarks on nuclear armament: media
An official within Japan's prime minister's office said Thursday that Japan should possess nuclear weapons, a controversial stance at odds with the country's long-standing non-nuclear principles and could trigger backlash at home and abroad, several Japanese media outlets have reported.
09:08
Why EU wavers on using frozen Russian assets to aid Ukraine
Belgian Prime Minister Bart De Wever attends a European Union summit in Brussels, Belgium, on Dec. 18, 2025. (Photo: Xinhua/Peng Ziyang)Using frozen Russian assets is legally complex and politically sensitive, commented Fabian Zuleeg, chief economist at the European Policy Center.BRUSSELS, Dec. 18 (Xinhua) -- EU leaders are meeting in Brussels from Thursday to Friday for a European Council summit, sparking once again heated debate among member states.One of the most closely watched items is whether the bloc can move beyond tapping interest from frozen Russian assets and start leveraging the principal to support Ukraine. The debate has run for years, but why does the EU still hesitate at this moment?HOW MUCH HAS BEEN FROZENAfter the Ukraine crisis escalated in February 2022, Western countries moved to freeze roughly 300 billion U.S. dollars in overseas assets belonging to Russia's central bank, with most of that amount located in Europe. European Commission data put the total frozen inside the EU at about 210 billion euros (about 246 billion U.S. dollars).Around 90 percent of the frozen assets in the EU are held via Euroclear, the Brussels-based international central securities depository. The pool generates about 3 billion euros in interest per year.In May 2024, the Council of the EU adopted a package enabling the net proceeds generated by immobilized Russian assets to be used to further support Ukraine, including support for Ukraine's defense industry and reconstruction.In June 2024, G7 leaders agreed to provide Ukraine with a 50-billion-U.S.-dollar loan backed by the proceeds generated by frozen Russian assets. Since then, the EU's internal debate over how to use the assets, and how far it can go beyond, has continued to intensify.Photo taken on Dec. 18, 2025 shows the headquarters of Euroclear, the Brussels-based international central securities depository, in Brussels, Belgium. (Photo: Xinhua/Peng Ziyang)WHAT IS EU WORRIED ABOUTAnalysts say the bloc's reluctan...
09:06
French court jails doctor for life for p...
French court jails doctor for life for poisoning 30 patients, killing 12
A French court has sentenced a doctor to life in jail for poisoning 30 child and adult patients, 12 of whom died, reportedly in an attempt to discredit co-workers.
09:05
Egypt says gas deal with Israel is purely commercial, reaffirms Palestinian stance
CAIRO, Dec. 18 (Xinhua) -- Egypt's State Information Service (SIS) said Thursday that the recently announced natural gas deal with Israel is strictly commercial and carries no political implications, dismissing media reports that suggested otherwise.In a statement, SIS Chairman Diaa Rashwan said the deal is a purely commercial transaction based on economic and investment considerations, involving international energy companies such as U.S.-based Chevron and specialized Egyptian firms, without direct government intervention.He said the deal supports Egypt's strategic aim of cementing its position as a regional gas trading hub, underpinned by advanced liquefaction plants and gas transport infrastructure.Rashwan cautioned against what he called hostile media campaigns that seek to politicize the deal, noting that its timing does not change its commercial nature.He also reiterated Egypt's firm and unwavering stance on the Palestinian cause, including support for a two-state solution and opposition to forced displacement, highlighting Egypt's diplomatic role in Gaza reconstruction efforts.On Wednesday, Israeli Prime Minister Benjamin Netanyahu said he had approved a gas deal worth 112 billion shekels (about 34.7 billion U.S. dollars) under which Israel will supply natural gas to Egypt, calling it the largest gas deal in Israel's history.Israeli Energy Minister Eli Cohen, speaking alongside Netanyahu, described the approval of the agreement as a historic moment for Israel, both diplomatically and economically.Back in August, Egyptian authorities clarified that the deal is an amendment to an earlier agreement in 2019, extending Israeli gas supply to Egypt until 2040.
09:04
Joint Iraq-Iran operation seizes 64 kg of drugs
BAGHDAD, Dec. 18 (Xinhua) -- Iraq's Interior Ministry said on Thursday that its anti-drug forces seized 64 kg of narcotics and nabbed a suspect in the Iranian city of Abadan, close to Iraqi borders, in coordination with Iranian authorities.The operation was carried out by Iraq's General Directorate of Narcotics and Psychotropic Substances Affairs in close cooperation with the Iranian anti-narcotics directorate, the ministry said in a statement.The statement added that joint security operations, based on international agreements and treaties with friendly nations, have proven effective in delivering decisive blows to drug networks and preventing the spread of these poisons that target the security and stability of society.Years of chaos and conflict following the 2003 U.S.-led invasion have hindered Iraq's efforts to combat narcotics. The Iraqi government has stated that drug trafficking remains a significant source of funding for terrorism, while the circulation of drugs thrives in the shadows of terrorism.The Iraqi Interior Ministry said in November that the country had dismantled 1,201 drug trafficking and distribution networks over the past three years, including 171 international rings, and had seized more than 14 tonnes of narcotics.
09:02
Nearly 70,000 migrants have died or gone...
Nearly 70,000 migrants have died or gone missing en route since 2014: UN
Since 2014, nearly 70,000 migrants have died or gone missing along land and sea routes, with the true number likely far higher, UN Secretary-General Antonio Guterres said Thursday.
09:02
Former Iraqi President Salih elected new...
Former Iraqi President Salih elected new UN High Commissioner for Refugees
The United Nations General Assembly on Thursday elected former Iraqi President Barham Salih as the new UN High Commissioner for Refugees.
09:00
ECB keeps rates unchanged...
ECB keeps rates unchanged
European Central Bank (ECB) President Christine Lagarde attends a press conference at the ECB headquarters in Frankfurt, Germany, Dec. 18, 2025.
08:59
Explainer: Why EU hesitates to use froze...
Explainer: Why EU hesitates to use frozen Russian assets to support Ukraine
Photo: VCGEU leaders are meeting in Brussels from Thursday to Friday for a European Council summit, once again sparking heated debate among member states.
08:58
Ghanaian president vows to support Jamai...
Ghanaian president vows to support Jamaica's post-hurricane construction
Ghanaian President John Dramani Mahama has pledged Accra's preparedness to support Jamaica's recovery and reconstruction efforts following the devastation caused by Hurricane Melissa.
08:54
European farmers' protests against Merco...
European farmers' protests against Mercosur deal highlight EU division
Thousands of farmers from across Europe rallied near the European Parliament and the Europa Building in Brussels on Thursday as European Union (EU) leaders convened for a summit, with a long-negotiated trade deal with the South American bloc Mercosur on the agenda.
08:53
7 killed in small plane crash at US Nort...
7 killed in small plane crash at US North Carolina airport
Multiple deaths were reported on Thursday after a business jet crashed when landing at a regional airport in Statesville, U.S. state of North Carolina, police said.
08:44
Japan must do deep soul-searching regard...
Japan must do deep soul-searching regarding its historical crimes: Chinese envoy
Japan, as a defeated country in World War II, must do deep soul-searching regarding its historical crimes, abide by the political commitments it made on the Taiwan question, immediately stop provocative actions that cross the line, and retract its erroneous remarks, a Chinese envoy said Thursday.
08:36
Show More