Politics

Bloomberg Representatives of indigenous organizations and Ecuador’s embattled government signed an agreement to end more than two weeks of nationwide protests over fuel prices and the high cost of living. Mediated by the Catholic Bishops Conference, the government of President Guillermo Lasso agreed to increase subsidies at the pump. With other measures pledged by the conservative administration, the total is ...

Bloomberg Kenya’s Deputy President William Ruto dismissed comments by his boss that Russia’s invasion of Ukraine is partly to blame for higher living costs, vowing to boost farming if he wins the presidency in August. Ruto pledged to invest at least 500 billion shillings ($4.2 billion) in agriculture and small businesses over five years. That investment would include providing animal ...

  Bloomberg President Jair Bolsonaro’s proposal to help Brazilians suffering with inflation is becoming more expensive as lawmakers add more benefits to the original bill about three months before general elections. The bill’s latest price tag is 41.3 billion reais ($7.9 billion) after lawmakers included cash handouts to cab drivers and small farmers, before it was approved in a landslide ...

Bloomberg China urged Nato to abandon what it called a Cold War mentality after the military alliance said the Asian nation poses systemic challenges to security. Nato’s so-called Strategic Concept, a document on policy guidelines adopted at an alliance summit in Madrid on Wednesday, is “filled with Cold War thinking and ideological bias” and is “maliciously attacking and smearing China,” ...

  Bloomberg President Joe Biden said he told Turkish President Recep Tayyip Erdogan that he supported the sale of F-16 jets to modernise Turkey’s air force. “We should sell them the F-16 jets and modernize those jets as well,” Biden said at the conclusion of a Nato summit in Madrid on Thursday. “It’s not in our interest not to do ...

  Bloomberg Russia confirmed it withdrew troops from Ukraine’s Snake Island in the Black Sea after the Ukrainian military said it had driven them out under massive attack. The Defense Ministry in Moscow called the decision a gesture aimed at easing grain shipments from Ukraine, but a top official in Kyiv dismissed that claim. There was no sign of a ...

Bloomberg Ferdinand Marcos Jr., the late Philippine dictator’s son and namesake, was to be officially sworn in as president on Thursday, completing his family’s political revival nearly four decades after his father’s ouster. Marcos met with President Rodrigo Duterte at the presidential palace, where the outgoing leader was also given departure honors. The incoming president will take the oath of ...

Bloomberg Prime Minister Narendra Modi’s Bharatiya Janata Party will share power to govern India’s richest state of Maharashtra, a senior party member said, a day after the chief minister resigned following a rebellion by lawmakers of his own party. More than half the legislators of Uddhav Thackeray’s right-wing Shiv Sena have exited his ruling coalition claiming he has deviated from ...

  Bloomberg Russian hacker group Killnet targeted a string of Norwegian public service websites in the latest digital salvo against Nato member countries. Norway’s National Security Authority has been assisting a series of organizations in dealing with targeted cyber attacks from an alleged pro-Russian group, Director General Sofie Nystrom said. Some websites experienced instability or disruption, but there are currently ...

Bloomberg Nato leaders formally invited Sweden and Finland to join the military alliance, paving the way for reshaping European defense by lengthening its border with Russia. “The accession of Finland and Sweden will make them safer, Nato stronger, and the Euro-Atlantic area more secure,” according to summit conclusions agreed by Nato leaders in Madrid after weeks of stalling by Turkey. ...