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Philippines lawmakers to open talks on amending constitution

Bloomberg Philippines House Speaker Lord Allan Velasco renewed a proposal to amend the country’s Constitution by lifting restrictive economic provisions to attract more foreign investments. A resolution from the Senate and the House of Representatives seeks to insert the phrase “unless otherwise provided by law” to several sections of the Constitution involving national patrimony and economy; education, science and technology; ...

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Putin to host first post-war talks between Armenia, Azerbaijan

Bloomberg Armenian Prime Minister Nikol Pashinyan and Azerbaijan President Ilham Aliyev plan to meet in Moscow on Monday for first time since their countries fought a 44-day war. The talks, which will also include Russian President Vladimir Putin, will focus on aiding residents of the war zone and unblocking economic and transportation links between the countries, the Kremlin said on ...

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Bank of France says high debt puts financial system at risk

Bloomberg Rising corporate debt and the prospect of further Covid-19 lockdowns pose a systemic risk to France’s financial system that may rise in the coming months, according to the country’s central bank. Debts of non-financial companies are now the greatest vulnerability in the system, the Bank of France said in its semi-annual review of financial risks. While the second lockdown ...

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