Zambia Debt Deal Spurs Rally in Distressed Emerging Markets
Bonds of developing nations in debt distress gained on Friday in a broad relief rally sparked by Zambia’s
1970-01-01 08:00
Fed’s Bostic Says Tackling High Inflation Is Top Priority
Federal Reserve Bank of Atlanta President Raphael Bostic said defeating elevated inflation was the US central bank’s top
1970-01-01 08:00
Brewer Carlsberg Signs Agreement to Sell Business in Russia
Carlsberg A/S, the Danish brewer, signed an agreement to sell its operations in Russia, more than a year
1970-01-01 08:00
There’s Too Much Wine in Europe as Drinkers Shun High Prices
Europe’s wine cellars are brimming as soaring food and drink prices leave consumers buying fewer bottles. High inflation
1970-01-01 08:00
BofA Says Investors Are Fleeing Tech Stocks After ‘Baby Bubble’
There are early signs of investors fleeing from tech stocks after 1999-like rally formed a “baby bubble,” according
1970-01-01 08:00
Ukraine-Russia war – live: Drone video shows Putin troop position wiped out in huge explosion
Drone footage shows the moment a Russian troop position is completely wiped out by a bomb in a huge explosion seen miles away from the impact. The clip was published by Ukraine’s defence ministry, which did not give any further details of the drone attack, although said it was carried out by the 72nd Mechanized Brigade. Earlier, president Vladimir Putin was accused of committing war crimes “on steroids” in Russia’s invasion of Ukraine. US Republican senator Lindsey Graham also warned that the threat of the Kremlin using nuclear weapons was “real”. Speaking at a joint press conference with Democrat senator Richard Blumenthal, he said: “Senator Blumenthal and I want to put everybody in this congress on notice that the threat of a use of a nuclear device by Russia is real and the best way to deter it is to give them clarity as to what happens if they do that - they will be in a war with NATO.” Read More European Union countries agree on a new package of sanctions against Russia over the war in Ukraine Jailed Putin critic Navalny launches anti-Kremlin campaign – as new trial could keep him in prison for decades Britain backs fast-track Nato membership for Ukraine
1970-01-01 08:00
Cambodian lawmakers approve changes to election law that disqualify candidates who don't vote
Pro-government Cambodian lawmakers unanimously approved changes to the country’s election law on Friday that will ban anyone who fails to vote from running as a candidate in future elections, a move critics say is aimed at crippling the opposition’s chances in the polls. The measure was approved with minimal debate by all 111 lawmakers present in the National Assembly. All members of the assembly belong to Prime Minister Hun Sen’s Cambodian People’s Party. Hun Sen, who has been in power for 38 years, declared last week that the law would be amended ahead of July’s general election to compel candidates for public office to prove their civic responsibility. The amended law will take effect after approval by the Senate, a formality. Hun Sen’s critics say the action as his latest tactic to marginalize his political opponents, some of whom are considering an election boycott. He announced the plan less than a month after the main opposition party was barred from participating in the polls because it could not provide all of the paperwork required for registering. The Candlelight Party said it was unable to provide one document to the National Election Committee because it had been seized in a police raid several years ago. Cambodia’s Constitutional Council refused to overturn the election committee’s decision not to register the party, drawing widespread criticism that the election would not be fair without its participation. The ruling drew international condemnation. The U.S. State Department said it was “deeply troubled” by the decision to bar the Candlelight Party and urged the government “to reverse course to ensure its citizens can participate in a fair, multiparty democracy.” That action against the Candlelight Party was similar to what happened ahead of the 2018 general election, when the opposition Cambodia National Rescue Party posed a serious challenge to Hun Sen’s party. It was dissolved months ahead of the polls by a controversial court ruling that alleged it had plotted the illegal overthrow of the government. The party’s disbanding enabled Hun Sen’s party to win all the seats in the National Assembly. Under the amended election law, prospective candidates must have voted in at least two elections to qualify as a candidate in elections at the commune, district, municipality, provincial and national levels. Most prominent opposition figures are in self-imposed exile to avoid being jailed on various charges they say are trumped up and unfair, and the amendment would prevent them from running in future polls without any further action needed to bar them. Opposition figures still inside the country who fail to vote would face the same consequences. The amended law would also discourage an election boycott by placing opposition figures who wish to contest future polls in the awkward position of appearing to be hypocrites if they urge people not to vote while they themselves cast ballots. It will also discourage boycotts by allowing the election committee to impose a fine of 5 million-20 million riels ($1,200-$4,800) on anyone who encourages people not to register or vote. Anyone who incites people to use threats or violence against candidates or political party officials can also be fined and disqualified as candidates for five years. Political parties that fail to remove disqualified candidates can be fined 10 million-30 million riels ($2,420-$7,270). Hun Sen, 70, is an authoritarian ruler in a nominally democratic state. He and his party hold all the advantages of incumbency in the election in terms of political organizing, personnel, finances and media influence. About 9.7 million Cambodians are registered to vote for the 125-seat National Assembly. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Cambodian leader says people who don't vote will be barred from being candidates in future elections Trump legal team gave tapes to Jack Smith as MAGA loyalists turn on each other – live Infighting among Putin's lieutenants seems to reveal signs of 'deep dysfunction'
1970-01-01 08:00
Don’t Expect the Trump Trial Over Classified Doccuments to Happen in August
The Justice Department is on a tight timetable to work out conditions for using classified information in the
1970-01-01 08:00
Padel Club Opens in Midtown Manhattan to Stoke Booming US Growth
Still have yet to pick up pickleball? Padel, another racket sport, is coming to Midtown Manhattan and making
1970-01-01 08:00
Ex-BIS Official Remolona Is Next Philippine Central Bank Chief
The Philippines has tapped Eli Remolona, a member of the central bank’s policymaking board, to head the monetary
1970-01-01 08:00
Andrew Sentance Says Markets ‘Jumping The Gun’ With 6% Rate Bets
A former Bank of England policy maker who has criticized officials for failing to rein in inflation more
1970-01-01 08:00
EU Set to Increase Weapons Fund Used for Ukraine by €3.5 Billion
European Union member states are set to increase the size of its fund to finance weapons deliveries by
1970-01-01 08:00
