Global Pulse

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  • A look at Kirill Dmitriev, the Russian envoy who helped craft the new Ukraine peace proposal

    A look at Kirill Dmitriev, the Russian envoy who helped craft the new Ukraine peace proposal

    Kirill Dmitriev, the head of Russia’s sovereign wealth fund, has emerged as a pivotal figure in crafting a new proposal to end Moscow’s war in Ukraine. Despite lacking formal diplomatic credentials, Dmitriev’s background as a former investment banker and his role as a back-channel communicator between the Kremlin and allies of former U.S. President Donald Trump have positioned him uniquely for this task. His inclusion on the U.S. sanctions list has not deterred his involvement in high-stakes negotiations.

    Boris Bondarev, a former Russian diplomat who resigned in protest after Russia’s 2022 invasion of Ukraine, noted that Dmitriev’s informal status might actually be an asset. His ability to connect with figures like Steve Witkoff, Trump’s special envoy, has made him a valuable intermediary. Bondarev emphasized that Dmitriev’s approachability and business-oriented mindset resonate well with U.S. counterparts.

    Born in Kyiv in 1975, Dmitriev’s early exposure to the U.S. through a school exchange program and his education at Stanford University and Harvard Business School laid the foundation for his global perspective. His career trajectory, which included stints at Goldman Sachs and McKinsey & Company, eventually led him to private equity firms in Russia and Ukraine. In 2011, he was appointed CEO of the Russian Direct Investment Fund (RDIF), where he worked to attract foreign investment and foster financial ties with countries like Saudi Arabia and the UAE.

    Political analyst Anton Barbashin described Dmitriev as a modern negotiator, contrasting him with traditional Soviet-trained diplomats. His ability to navigate the Trump administration’s business-centric approach has further solidified his role. Dmitriev’s connections extend beyond business; his wife, Natalia Popova, is linked to the Putin family through her role at Innopraktika, a nonprofit headed by the president’s daughter, Katerina Tikhonova.

    Despite his informal status, Dmitriev’s efforts have not gone unnoticed. If his peace proposals succeed, he could earn significant recognition from Vladimir Putin. However, as Bondarev cautioned, the Kremlin retains the power to disown him at any moment, underscoring the precarious nature of his role.

  • Trump envoy denies bias as he pushes for Sudan peace plan

    Trump envoy denies bias as he pushes for Sudan peace plan

    Massad Boulos, the senior Africa envoy for former US President Donald Trump, has dismissed allegations that the US-led peace proposal to end Sudan’s civil war is biased. The proposal, backed by the US, Saudi Arabia, Egypt, and the United Arab Emirates (UAE), aims to mediate between Sudan’s army and the paramilitary Rapid Support Forces (RSF), who have been locked in a brutal conflict for over two years. On Sunday, Sudan’s army chief, Abdel Fattah al-Burhan, criticized the latest ceasefire proposal as ‘the worst ever,’ claiming it favored the RSF and sidelined the army. He also accused the UAE of supporting the RSF, a claim the Gulf state denies. Boulos, speaking at a media briefing in the UAE alongside presidential adviser Anwar Gargash, refuted Burhan’s accusations, stating, ‘He was making reference to something that does not exist, that has never been presented by us.’ The US-led ‘Quad’ proposed a three-month humanitarian truce in September, followed by a permanent ceasefire and a transition to civilian rule. However, the army rejected the plan, citing ‘foreign interference’ and equating the RSF to a ‘racist terrorist militia.’ The RSF announced a unilateral ceasefire on Monday, but the army accused them of attacking Babanusa, their last stronghold in West Kordofan state. Analysts suggest the RSF’s ceasefire declaration is a political maneuver to gain favor with the Quad. The conflict, which began in April 2023, has displaced 12 million people and caused what the UN calls the world’s worst humanitarian crisis. Both sides have been accused of war crimes, with recent reports of atrocities in el-Fasher sparking international condemnation.

  • Ageing populations a ‘ticking time bomb’ for GDP growth, says EBRD

    Ageing populations a ‘ticking time bomb’ for GDP growth, says EBRD

    The European Bank for Reconstruction and Development (EBRD) has issued a stark warning about the economic repercussions of ageing populations, describing the trend as a ‘ticking time bomb’ for GDP growth. In its annual report released on Tuesday, the EBRD highlighted that declining birth rates and an increasing share of elderly citizens are already undermining economic progress in several nations. Emerging Europe, in particular, is projected to see a reduction in annual per capita GDP growth by nearly 0.4 percentage points between 2024 and 2050 due to a shrinking working-age population.

    EBRD Chief Economist Beata Javorcik emphasized that post-communist countries are ‘getting old before getting rich,’ with a median age of 37 and an average GDP per capita of $10,000—far below the levels seen in advanced economies during similar demographic stages. The report identified multiple factors contributing to declining birth rates, including shifting social norms and the impact of motherhood on women’s career earnings. While many EBRD member states have implemented incentives to encourage higher birth rates, these measures have failed to produce significant or lasting results.

    Migration, often suggested as a solution, remains politically unpopular in most regions. Additionally, public sentiment toward leveraging artificial intelligence (AI) to boost productivity is mixed. Javorcik argued that extending working lives through retraining and pension reforms could be the most effective strategy, though it requires candid discussions with voters about the implications of demographic shifts.

    The report also noted that ageing leaders, who tend to prioritize pension protection and restrict migration, further complicate efforts to address the issue. Globally, the average age of leaders is now 60, significantly older than the median adult. In autocracies, this gap has widened to 26 years in 2023, up from 19 years in 1960.

    For newer EBRD member nations like Nigeria, the focus should be on job creation and private sector expansion to capitalize on their current demographic dividend. However, Javorcik cautioned that this window of opportunity is fleeting, as birth rates in other parts of Africa are also declining. ‘These countries must act now to secure their economic future,’ she said.

  • Why Goldman Sachs is so optimistic about China

    Why Goldman Sachs is so optimistic about China

    In a surprising turn of events, China has managed to outmaneuver the United States in the ongoing trade war, thanks to President Xi Jinping’s strategic patience and exploitation of President Donald Trump’s eagerness for a quick deal. This has led to another delay in the economic arms race initiated by Trump, pushing any potential trade agreement to 2027 at the earliest. This delay not only gives the U.S. Supreme Court ample time to potentially rule Trump’s tariffs unconstitutional but also allows Beijing to further insulate its economy from U.S. pressures. China is projected to grow by 5% this year, despite the tariffs, while the U.S. faces a shaky labor market and rising inflation. Goldman Sachs predicts even stronger growth for China in 2026, potentially reaching 6%, driven by government efforts to boost manufacturing and exports. However, challenges remain, including a property crisis, high youth unemployment, and an aging population. Meanwhile, escalating tensions between China and Japan over Taiwan add another layer of complexity to the geopolitical landscape. Despite these hurdles, China’s economy appears resilient, and Trump’s efforts to destabilize it have so far fallen short.

  • Turkey arrests three suspected Emirati agents

    Turkey arrests three suspected Emirati agents

    Turkish authorities have apprehended three individuals accused of espionage activities on behalf of the United Arab Emirates (UAE) intelligence service, according to a statement released by the Istanbul Chief Prosecutor’s office on Tuesday. The suspects allegedly utilized a Turkish mobile phone number to gather sensitive personal information on key public officials in Turkey, including executives in the defense sector and representatives of foreign nations. The prosecutor’s office revealed that the suspects obtained a mobile phone line from a Turkish GSM operator, which was subsequently transported to the UAE for use by intelligence operatives. During a coordinated operation, three suspects were arrested, while a fourth individual remains at large, prompting an international arrest warrant. This incident occurs against the backdrop of renewed tensions between Turkey and the UAE, particularly over their divergent stances on the Sudan conflict. While the UAE supports the paramilitary Rapid Support Forces, Turkey has strengthened its ties with the Sudanese army. Despite these challenges, Turkish officials emphasize that their relationship with the UAE remains cordial, with both nations agreeing to compartmentalize disputes to avoid further escalation. This development follows a series of similar arrests in Turkey targeting individuals allegedly linked to foreign intelligence agencies, including those of Israel, Russia, and Iran.

  • UAE President adviser welcomes US efforts to end Sudan war, condemns atrocities

    UAE President adviser welcomes US efforts to end Sudan war, condemns atrocities

    The United Arab Emirates (UAE) has expressed strong support for the United States’ initiatives to bring an end to the ongoing conflict in Sudan, while condemning the widespread atrocities committed by both the Sudanese army and the paramilitary Rapid Support Forces (RSF). Anwar Gargash, the diplomatic adviser to the UAE President, made this statement on Tuesday, emphasizing the UAE’s commitment to peace in the region. US President Donald Trump, responding to a request from Saudi Crown Prince Mohammed bin Salman, has pledged to prioritize resolving the Sudanese crisis. Trump’s advisor for African and Arab Affairs, Massad Boulos, reiterated this commitment during a media briefing in Abu Dhabi, noting that the US has presented a robust peace proposal to both warring factions, though neither has yet accepted it. Earlier on Tuesday, the RSF announced a unilateral three-month humanitarian truce, citing international efforts led by President Trump. However, the RSF’s declaration was followed by renewed attacks on army territory, undermining the ceasefire. The conflict, which erupted in April 2023 over disputes regarding the integration of the army and RSF, has resulted in tens of thousands of civilian deaths, widespread famine, and accusations of genocide against the RSF. The US, UAE, Egypt, and Saudi Arabia, collectively known as the Quad, have proposed a three-month truce followed by peace talks, but the situation remains volatile.

  • UAE real estate booms as country emerges as a magnet for global wealthy

    UAE real estate booms as country emerges as a magnet for global wealthy

    The United Arab Emirates (UAE) has solidified its position as a premier destination for the world’s affluent, with over 9,800 millionaires relocating to the country in 2025 alone, according to Henley & Partners. This migration is driven by the UAE’s investor-friendly policies, tax efficiency, and cutting-edge infrastructure, which have transformed Dubai into a global hub for luxury real estate. The city now rivals established markets like New York and London, attracting unprecedented demand for ultra-luxury properties. Amid this boom, Sunteck Realty Ltd, a leading Indian luxury developer, has announced its entry into the UAE market with the establishment of Sunteck International in Dubai. The company has unveiled an ambitious plan to invest Dh15 billion in UAE real estate projects over the next three years, signaling its long-term commitment to the region. Sunteck’s inaugural project, a prime land parcel in Downtown Dubai near the Burj Khalifa and The Dubai Mall, is set to redefine ultra-luxury living with contemporary design and branded residences in collaboration with global hospitality brands. Kamal Khetan, Chairman & Managing Director of Sunteck Realty Ltd, emphasized Dubai’s unique appeal, citing its unmatched growth potential and favorable pricing compared to other global cities. He highlighted the UAE’s attractiveness to high-net-worth individuals, noting that many are leaving Europe for the UAE. Khetan expressed confidence in Dubai’s real estate market, stating that it offers unparalleled volumes, pricing, and margins, making it the ideal location for Sunteck’s international debut.

  • Ethiopia volcano: Is acid rain possible after latest eruption? Effects explained

    Ethiopia volcano: Is acid rain possible after latest eruption? Effects explained

    The Hayli Gubbi volcano in Ethiopia erupted on November 23, 2025, marking its first activity in nearly 12,000 years. The eruption released significant amounts of sulphur dioxide gas, which spread across parts of the Middle East on November 23 and 24. This event has raised concerns about the potential formation of acid rain in the region. UAE experts, including Shawkat Odeh from the International Astronomical Centre, have shared satellite images showing the dispersion of the gas. Ibrahim Al Jarwan from the Emirates Astronomical Society noted that the sulphur dioxide could react with atmospheric moisture, potentially leading to light acid rain in Oman and Yemen. However, Omani authorities have reported no immediate public health impacts or increased air pollutant concentrations. Acid rain, which includes precipitation with acidic components, forms when pollutants like sulphur dioxide or nitrogen oxides react with water, oxygen, and other chemicals in the atmosphere. This phenomenon can harm ecosystems, aquatic life, and vegetation, and may also pose health risks to humans, such as respiratory issues and eye irritation. While the situation is being closely monitored, no significant acid rain effects have been observed so far.

  • Irish school teacher Enoch Burke arrested and brought to prison

    Irish school teacher Enoch Burke arrested and brought to prison

    Enoch Burke, an Irish school teacher, has been arrested and taken to Mountjoy Prison following a High Court order issued last week. The court found him in contempt for his persistent defiance of judicial authority and the rule of law. Mr. Justice Cregan, during a hearing in Dublin, described Burke’s actions, along with those of his family, as a “deliberate, sustained, and concerted attack” on the civil courts’ authority. Burke had been attending Wilson’s Hospital School, from which he was previously dismissed for gross misconduct, since it reopened after the summer break. The dismissal stemmed from his refusal to address a transgender pupil using their preferred pronouns and his disruptive behavior during school events, including a religious service. This marks Burke’s fourth imprisonment for contempt since September 2022, with his total time behind bars exceeding 500 days. Gardaí executed the court order in Mullingar, County Westmeath, on Tuesday after receiving reports of Burke’s presence at the school. Earlier last week, officers visited his home in Castlebar, County Mayo, multiple times but left without him. Burke briefly returned to the school on Friday, recording a video outside the premises, and was spotted again on Tuesday, prompting the police response. His ongoing legal battles and defiance continue to draw significant attention in Ireland.

  • Diljit Dosanjh brings the glam to International Emmys 2025, but misses out on Best Actor award

    Diljit Dosanjh brings the glam to International Emmys 2025, but misses out on Best Actor award

    The 53rd International Emmy Awards 2025 witnessed a glamorous presence from Indian actor-singer Diljit Dosanjh, who made his debut nomination at the prestigious event. Nominated for his compelling performance in Imtiaz Ali’s ‘Amar Singh Chamkila,’ Diljit graced the red carpet alongside the acclaimed filmmaker and other luminaries. Despite his striking appearance in a shimmery suit jacket, crisp white shirt, black bow, and signature turban, the coveted Best Actor award was claimed by Spanish actor Oriol Pla for ‘Yo, adicto [I, Addict’]. Additionally, ‘Amar Singh Chamkila’ fell short in the Best TV Movie/Mini-Series category.

    Diljit’s nomination marked a significant milestone for Indian cinema on the global stage, particularly for a film that celebrated the legacy of Punjab’s legendary folk singer Amar Singh Chamkila. Directed by Imtiaz Ali, the Netflix-released movie (April 2024) features Parineeti Chopra and is lauded for its live-recorded folk music and emotionally charged narrative. The film recounts the life of Chamkila, often dubbed the ‘Elvis of Punjab,’ whose bold songs and electrifying performances in the 1980s were tragically cut short by his untimely death in 1988.

    This year’s Emmys saw Diljit competing against notable actors like David Mitchell (‘Ludwig’) and Diego Vasquez (‘One Hundred Years of Solitude’). While the award eluded him, his presence underscored the growing recognition of Indian talent internationally. Notably, Netflix’s ‘Delhi Crime’ and comedian Vir Das had previously brought home Emmys in 2020 and 2021, respectively, highlighting the platform’s role in showcasing Indian stories globally.