European states reacted angrily to remarks by China’s ambassador to France questioning the independence of former Soviet states, which have tainted Beijing’s bid to be seen as a credible peace broker following Russia’s invasion of Ukraine.
Poland ordered renewable energy providers to cut generation due to an oversupply of electricity, highlighting the challenges the nation’s grid faces from the widening use of green power.
The UK government is prepared to give Home Secretary Suella Braverman “discretion” on whether to abide by any rulings from human rights courts that seek to block migrant deportation flights to Rwanda.
South Korea proposed introducing a bill to protect the housing rights of people that have been scammed millions of dollars in rental schemes as the fallout from the crisis grows.
German public-sector workers struck a wage deal with employers, capping a confrontational series of negotiations that saw repeated strikes in Europe’s largest economy.
Egypt raised funding for its overall social protection programs by 48% for the 2023-24 fiscal year to EGP 529.7b ($17.1 billion) from EGP358.4b in 2022-23, the finance ministry said in a statement.
European states reacted with fury to a Chinese envoy questioning the independence of ex-Soviet states, tainting China’s push to court leaders in the region and burnish its credentials to broker peace after Russia’s invasion of Ukraine.
India’s finance minister Nirmala Sitharaman said that while currently there are no proposals to regulate financial influencers on social media platforms, the proliferation of scams warrants attention.
The new owner of Silicon Valley Bank, which collapsed after a bank run in March and set off fears of broader contagion in the global financial sector, said customers are still withdrawing deposits, the Financial Times reported.
Zimbabwe will soon introduce a gold-backed digital currency meant to stabilize the local unit from its continued depreciation against the dollar, state-run Sunday Mail reported, citing central bank governor John Mangudya.
