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Real-time News
Ukrainian authorities say the Russian attack on Kyiv has killed three people.July 6 – The Kuwait Arab Economic Development Foundation announced on July 5 the establishment of the “Kuwait Emergency Response Fund,” with an initial capital of US$100 million. The fund aims to enhance the countrys capacity to respond to emergencies and exceptional challenges, and to support post-crisis social recovery and infrastructure reconstruction. According to Kuwaiti sources, Kuwaiti Foreign Minister and Chairman of the Board of Directors of the Kuwait Arab Economic Development Foundation, Al-Jalah, stated at a press conference on July 5 that the fund aims to establish an institutionalized emergency response financing mechanism to improve the countrys crisis response capabilities. Al-Jalah said that the spillover effects of the conflict between the United States, Israel, and Iran have impacted Kuwaits security and stability, necessitating further strengthening and unifying efforts from all parties to enhance the countrys capacity to respond to various exceptional circumstances. The fund will mobilize domestic funds to support the repair of infrastructure damaged in the conflict. Al-Waleed Bahar, Acting Director General of the Kuwait Arab Economic Development Foundation, stated that the fund will serve as a dedicated financing window, providing financial support to priority projects based on government needs.July 6 – The European Central Bank (ECB) announced on Monday that its Target 2 (T2) payment system, used for settling everyday payments and financial transactions, has resumed normal operation after a brief payment processing outage. According to the ECBs website, the ECB and financial institutions rely on the T2 system for large payments and receipts, ensuring seamless settlement in central bank currency. The ECB had earlier stated in an update to its operational status page that the T2 system was in a "non-mandatory maintenance window," causing a delay in the opening of the settlement window for euros and Danish krone.July 6th - Multiple explosions were heard in Kyiv, the capital of Ukraine, on the 6th local time. Kyiv Mayor Viktor Klitschko stated that five people have been injured in Kyiv so far. Earlier that day, multiple explosions were heard in Kyiv. The head of the Kyiv Military Management Department, Tkachenko, posted on social media that Russian forces were launching ballistic missiles at Kyiv. Local officials also posted on social media that a residential building had been hit by a missile, trapping residents inside.European Central Bank: The Eurosystems T2 system is operating normally, and the earlier payment processing incident has been resolved.
