Politics

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 ...

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,” ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

BLOOMBERG A fifth night of unrest across France was more subdued as authorities contained the fallout from the killing of a teenager that has reignited debate about racism and inequality. The riots and looting, which have drawn comparisons with America’s reaction to the murder of George Floyd in 2020, have become a moment of reckoning for the country which has ...

BLOOMBERG President Vladimir Putin’s defense minister visited combat troops in Ukraine, in an apparent Kremlin effort to bolster his position after a mercenary leader’s mutiny demanding the removal of top military chiefs. Sergei Shoigu was shown on state television meeting with officers at what the Defense Ministry said was the forward command post of Russia’s ‘Zapad’ group of forces in ...