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Greece’s refugee camp evacuated due to fire

Bloomberg The biggest refugee camp in Greece by numbers was evacuated after a fire broke out early on Wednesday. The Moria camp on the island of Lesvos hosts around 13,000 refugees. Prime Minister Kyriakos Mitsotakis held an extraordinary inter-ministerial meeting in Athens to review the situation and to decide on measures needed to deal with the situation, according to his ...

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South China Sea conduct talks to resume

Bloomberg Negotiations between Asean countries and China over a Code of Conduct for the South China Sea will resume no later than November, Philippines Foreign Affairs Secretary Teodoro Locsin said during a virtual meeting of the Association of Southeast Asian Nations. The talks come as territorial tensions in the sea are on the rise with countries such as Vietnam pushing ...

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Bank of Thailand head sees stronger fiscal role for recovery

Bloomberg Thailand’s outgoing central bank governor said public debt restrictions should be eased to allow the government to spend more as monetary policy options dwindle with interest rates already at an all-time low. Given the severity of the pandemic-driven downturn, Governor Veerathai Santiprabhob said his “personal view is that the 60% public debt-to-GDP limit can be relaxed.” The limit was ...

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