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Taliban ban US dollars in Afghan economy amid cash crunch

Bloomberg The Taliban government has banned the use of foreign currencies in Afghanistan in a surprise move that could weigh on an economy struggling with a cash crunch and further isolate the country. The move came as the Taliban were pushing for the release of billions of dollars of reserves overseas, which was frozen by the US and its Western ...

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EU parliament tests China’s warnings with visit to Taiwan

Bloomberg The first official delegation of European lawmakers landed in Taipei, defying warnings from China that the bloc’s support for the democratically ruled island would have dire consequences. The group from the European Parliament’s special committee on foreign interference is scheduled to meet top political leaders while in Taiwan, including President Tsai Ing-wen and Premier Su Tseng-chang during the three-day ...

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Ethiopia declares state of emergency to stymie rebel advance

Bloomberg Ethiopia’s government declared a nationwide state of emergency and called on residents to defend the capital after rebel fighters captured key towns on a main road that leads to the city. The decision to suspend the constitution was taken to “ward off a threat that is posed to the survival and sovereignty of the country,” Justice Minister Gedion Timothewos ...

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