Continental Financial News

North Korea said Thursday it had successfully tested a multiwarhead missile, a sophisticated weapon coveted by leader Kim Jong Un to overwhelm missile defenses in the continental United States. The statement contradicted South Korea's assessment of a failed launch Wednesday of a different type of weapon. The launch tested the separation and guidance control of individual mobile warheads to ensure the capability of the Multiple Independent Reentry Vehicle, the North's official Korean Central News Agency said. The separated mobile warheads «were guided correctly to the three coordinate targets» and a decoy that separated from the missile was verified by radar, it said. It was North Korea's first known launch event related to the development of a multiwarhead missile, though outside experts believe it was a preliminary test.

While a final decision on issuing a digital euro has yet to be made, the ECB last year moved onto a two year preparation phase ahead of any launch, which would come in 2026 at the earliest. In an article published in a host of publications, executive board member Piero Cipollone makes the case for a digital euro, noting that "we do not yet have a cash equivalent for making digital payments, which limits our freedom in an increasingly digital age". Currently, writes Cipollone, Europeans are reliant on electronic payment options from outside the continent, with US giants Visa and Mastercard dominating the card market. "A digital euro would combine the convenience of digital payments with cash-like features," writes Cipollone, adding that it could be used in shops, for e-commerce, P2P payments and offline. He continues: "The digital euro would make it easier for euro area firms to offer pan-European digital payment solutions. This would strengthen competition in a market currently dominated by a few non-European players, thereby lowering costs for merchants and consumers." Other benefits, claims the ECB man, include greater privacy than commercial payment options and financial inclusion, with no one left behind. "More than just a payment option, a digital euro would bring Europeans closer in an increasingly digital and unstable world.

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Edi Rama’s best friend during the World Cup summer of 1982 just so happened to be the one person he knew who owned a color television. So every evening, Rama would find himself crammed into his kitchen with countless others, desperately hoping that the fuzzy, flickering signal would hold. Albania was an island back then, under the repressive, conspiracist rule of Enver Hoxha. Foreign travel was banned for all but a select few insiders. Even communication with the outside world, particularly the West, was limited. Rama and his friends could only follow that World Cup through what he has subsequently called a “dark network” operated by RAI, the Italian state broadcaster. In a recent interview with Italy’s Tuttosport, he said that he still remembers that month warmly. Italy served as Albania’s avatar for the tournament; the two countries, in Rama’s estimation, are “a people divided by the sea, but united in everything else, similar as two drops of water.” When Dino Zoff, the Italian captain, eventually lifted the trophy in Madrid, it felt like victory in Tirana, too. “We saw it in his hands, as if it were also in ours,” Rama said.

Kylian Mbappe and France have been to the last two World Cup finals but are on a mission as they begin their Euro 2024 campaign against Austria on Monday, having endured disappointment in recent editions of the continental championship. Les Bleus won the World Cup in Russia in 2018, when a teenage Mbappe announced himself on the global stage, and only lost the 2022 final on penalties after an epic battle with Argentina in Doha. They also won the UEFA Nations League in 2021, but the European Championship is the one title that has evaded the French since Didier Deschamps became coach in 2012.

Spain, who won the continental tournament in 2008 and 2012, will have its work cut out against FIFA World Cup 2018 runner up and third-place finisher team at FIFA World Cup 2022.

Lionel Messi's Argentina will play Guatemala on Friday. This will be the reigning FIFA World Cup and defending Copa America champions' final game ahead of the show-piece continental tournament. Manager Lionel Scaloni will want to test team's strength, especially after a fighting win against Ecuador. Argentina versus Guatemala soccer game is set to be played on Friday, June 14 at FedEx Field in Landover, Maryland. The soccer game is scheduled to start at 8 pm (ET).

House of the Dragon season 3 is all set to release soon as HBO has revealed ahead of the premier of the second season. In December 2023, «House of the Dragon» creator George R.R. Martin confirmed that third and fourth seasons were already in the pipeline. «House of the Dragon» is based on George R.R. Martin's book. The narrative sets in the two-century before "Game of Thrones" and it talks about the story of «House Targaryen».

Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops

Copa America 2024 schedule, matches, fixtures, teams details are out. The continental soccer tournament, featuring FIFA World Cup 2022 winners Argentina and Brazil, will be played in the US between June 20 and July 14.

IND vs PAK T20 World Cup 2024: Even Sachin Tendulkar, typically known for avoiding any risqué remarks, apparently could not control himself from posting a cheeky comment after India’s win against Pakistan. Tendulkar, along with his wife Anjali and daughter Sara, attended the India vs Pakistan match at the Nassau County International Cricket Stadium in New York.After Rohit Sharma’s boys clinched a remarkable win against Babar Azam’s team in the cricket match, the Master Blaster posted on X (formerly Twitter).“India vs Pakistan.

Export-Import Bank of India (India Exim Bank) has recently inaugurated the East Africa Representative Office in Nairobi with an eye on expanding India’s business footprints in the resource rich and demographically young continent.

invasive species called the Joro spider.

colossal squid which is also known by its scientific name ‘Mesonychoteuthis Hamiltoni’. When it is fully grown up, the creature is about as big as a bus and weighs more than 1100 pounds. It is believed to be found in the Southern Ocean in Antarctica in its natural habitat.

South Korea's president says his country will expand development aid to Africa and pursue deeper cooperation with the region of 1.3 billion people on critical minerals and technology

India's DP Manu clinched the gold medal in men's javelin throw event at the Taiwan Open 2024 with a throw of 81.58m in Taipei on Saturday. The Asian Athletics Championship silver medallist registered his best throw in his last attempt. Taiwan Open is is a World Athletics Continental Tour Bronze-level meet. and awards crucial ranking points.

A new report has found that billions of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world

Ohio’s historical society is close to gaining control of ancient ceremonial and burial earthworks now maintained by a country club where its members golf alongside the mounds

Africa as in India. It is the second-biggest telecom company in the continent after South Africa's MTN. Fourteen years ago, Bharti Airtel chairman Sunil Mittal took the brave decision to go to Africa and it has been a perilous journey for his company. Africa, where Mittal had expected to map India's telecom growth story onto the continent, turned out to be little like India with its sparse population as well as political volatility which would discourage any pioneer telecom company. Now that Airtel Africa seems to be out of the woods, and having acquired an elephantine footprint in 14 countries across the continent, a big challenge might be shaping up. Mukesh Ambani, the chairman of Reliance Industries (RIL), who disrupted India's telecom market with low tariffs and cheap handsets by launching Reliance Jio in 2015 and swept aside Airtel to become the market leader, is acquiring a tiny foothold in the African telecom market as a telecom tech and equipment vendor. Also Read: RIL's Mukesh Ambani set for African safari with 5G tech solutions

subsequent interview with The Economist. His dramatic warning that “Europe could die" provides an opportunity to reflect on the challenges that face the continent, and the progress it has made since President Macron’s first speech. The geopolitical landscape has shifted dramatically over those seven years.

Vice President Kamala Harris is announcing the formation of a new partnership to help provide internet access to 80% of Africa by 2030, up from 40% now