Politics

NYC, swaths of Northeast on alert for heavy rain, flash floods

BLOOMBERG A slow-moving storm system could pound the US northeast with more than 6 inches of rain starting from Sunday, with areas including New York City on alert for flash flooding. About 80 million people from Washington to Portland, Maine, could see a month’s worth of rain in just a few hours, according to forecasts. The storms may dump a ...

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US cluster bomb decision continues to cause waves

BLOOMBERG The US decision to provide controversial cluster bombs to Ukraine continues to cause waves, with some Nato members – all strong allies to Kyiv — questioning the move. Ukraine has said it will maintain strict controls over the use of the weapons. Italian Prime Minister Giorgia Meloni, in a statement, called for the “universal application of the principles of ...

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Labour leader pledges investment despite UK finances

BLOOMBERG The UK opposition Labour Party faces the prospect of regaining power against a backdrop of record high debt, but that won’t stop it from spending to invest in policy priorities, said shadow Chancellor Rachel Reeves. “All of our policies are subject to our fiscal rules, which means paying for day-to-day spending through tax receipts and getting debt down as ...

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Putin tells China-led bloc ‘Russians support him after mutiny’

BLOOMBERG President Vladimir Putin told a regional security grouping that Russians were united behind his leadership in his first international appearance since the failed mutiny that posed the greatest threat to his almost quarter-century rule. Putin also thanked leaders of the Shanghai Cooperation Organization “who have expressed support for the actions of the Russian leadership to protect the constitutional order,” ...

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French riots may cost $1.1b as president meets mayors

BLOOMBERG President Emmanuel Macron was expected to  meet with more than 200 mayors to assess the riots that have rocked France as a massive police deployment led to a continued drop in the level of unrest overnight. French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, at more ...

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Australia, Indonesia unveil visa, climate pacts as leaders meet

BLOOMBERG Longer business visas and millions of dollars in green investment aimed at bolstering economic ties capped the first visit to Australia by Indonesia’s President Joko Widodo in three years. Prime Minister Anthony Albanese and the Indonesian leader known as Jokowi discussed boosting cooperation on critical minerals, green manufacturing and security partnerships during their meeting in Sydney on Tuesday. At ...

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Nato chief extends tenure as Kyiv forces advance

BLOOMBERG Nato extended Secretary General Jens Stoltenberg’s by a year as the military alliance confronts Russia’s invasion, while Ukraine pressed forward with its counteroffensive in the country’s east. “In a more dangerous world, our great alliance is more important than ever,” Stoltenberg, whose extension was the third in the Norwegian’s tenure as the North Atlantic Treaty Organization’s chief, said in ...

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Biden to shore up Nato allies after failed mutiny in Russia

BLOOMBERG US President Joe Biden will leave for Europe in a week to firm up ties with key Nato allies, including the UK, in the wake of the last month’s abortive uprising in Russia. Biden plans to hold talks with UK Prime Minister Rishi Sunak before heading to Vilnius, Lithuania, for the 74th Nato summit, and ending in Finland with ...

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Bosnia envoy revokes Bosnian Serb laws

BLOOMBERG Bosnia-Herzegovina’s international overseer revoked two laws adopted by ethnic Serbs as unconstitutional, the latest standoff threatening stability in the country’s fragile postwar balance. Christian Schmidt, the Western-backed envoy with powers to change legislation that harms Bosnia’s complex power-sharing set up after ethnic warfare in the 1990s, struck down laws adopted by lawmakers in the Republika Srpska entity that denied ...

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Central Intelligence Agency chief calls war in Ukraine ‘corrosive’ for Putin’s regime

BLOOMBERG The invasion of Ukraine has had a “corrosive effect” on Russian society and President Vladimir Putin’s regime, creating an “opportunity” for the US, said William Burns, director of the Central Intelligence Agency (CIA). The top US spy made rare public comments, delivering a lecture at the Ditchley Foundation in Chipping Norton, northwest of London. “Disaffection with the war will ...

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