July, 2022

• 6 July

  Turkey renews threat to veto Sweden, Finland’s Nato bids

  

  Bloomberg Turkey is threatening to veto Nato membership for Sweden and Finland even as the military alliance formally paved the way for the two Nordic countries to join. Turkey will not ratify membership of the North Atlantic Treaty Organization for the applicants if they don’t fufill their promises to combat terrorism and extradite suspects under a memorandum of understanding reached ...

  Read More »
• 6 July

  Philippines’ Marcos says he is open to military exchanges with China

    Bloomberg Philippine President Ferdinand Marcos Jr. said he’s open to military exchanges with China, as he sought ways to expand ties between the two nations beyond the South China Sea territorial dispute. Marcos said at a briefing Tuesday he will “find ways to work to resolve the conflicts” with Beijing when he meets with Chinese Foreign Minister Wang Yi. ...

  Read More »
• 6 July

  Johnson knew of complaint against Pincher in 2019

    Bloomberg Boris Johnson was told of a complaint against Conservative MP Chris Pincher two years before promoting him, a minister said, in a major concession from the government after days of speculation about what the UK prime minister knew and when. An internal probe into Pincher’s conduct when he was a Foreign Office minister in October 2019 found he ...

  Read More »
• 6 July

  Maduro’s enemies are fleeing Colombia as persecution fears mount

  

  Bloomberg Dozens of Venezuelan opposition figures, who turned Colombia into their unofficial headquarters in recent years, say the election of Gustavo Petro as Colombia’s first leftist president puts them at risk, and they plan to leave. Activists, party leaders, former officers and military deserters are making the move, according to seven people with knowledge of the plans. They’re afraid they’ll ...

  Read More »
• 6 July

  Italy declares state of emergency on impact from drought

  

  Bloomberg Italy declared a state of emergency in five northern and central regions devastated by a recent drought, as a severe heat wave takes its toll on agriculture and threatens power supplies. High temperatures and exceptionally dry conditions have brought water levels in the Po, the country’s largest river, to its lowest in 70 years. Even amid a historically arid ...

  Read More »
• 6 July

  Hong Kong’s new leader Lee stresses cautious opening on coronavirus

    Bloomberg Hong Kong’s new leader, John Lee, declared the city must balance reducing travel inconvenience with limiting the spread of Covid-19, signaling a cautious virus approach. Lee said Tuesday that he’d asked Health Secretary Lo Chung-mau to assess the “evidence and statistics to see how we can, while on the one hand, contain the spread of the pandemic and, ...

  Read More »
• 6 July

  ECB planning to block lenders from giant windfall as rates rise

  

    Bloomberg The European Central Bank (ECB) is exploring ways to prevent banks from earning windfall profits from the subsidised lending program it launched during the pandemic, once it raises interest rates later this month, according to a report by the Financial Times. The ECB provided €2.2 trillion of subsidized loans to banks during the Covid-19 crisis to avoid a ...

  Read More »
• 6 July

  UniCredit considers selling its Russian unit

  

  Bloomberg UniCredit SpA is considering selling its Russian unit through a structure that would allow the bank to repurchase the subsidiary if the geopolitical situation stabilizes, according to people familiar with the matter. Italy’s second-largest lender is looking at several possible deal arrangements, including one that would give it the option of buying back the unit depending on market and ...

  Read More »
• 6 July

  Zimbabwe’s central bank to sell gold coins

  

  Bloomberg Zimbabwe’s central bank plans to sell gold coins to the public from July 25 as a store of value to stabilise the nation’s tumbling currency and offer an alternative to the US dollar. The one-troy-ounce gold coins will be called Mosi oa-Tunya Gold Coin, Governor John Mangudya said. The term means “Smoke that Thunders,” a reference to Victoria Falls, ...

  Read More »
• 6 July

  Euro tumbles to 20-year low

    Bloomberg The euro slid to a 20-year low against the US dollar as traders bet that the European Central Bank will go slower on raising interest rates as the economy risks being tipped into a recession. The common currency fell as much as 1.4% to $1.0281, its weakest level since December 2002. The losses came as money markets continued ...

  Read More »