Half-point cut to be made to banks’ reserve requirement ratio and 1tn yuan released into banking system
China will cut interest rates and inject some much-needed liquidity into the domestic economy, as the country steels itself for a bruising trade war with the US.
The People’s Bank of China said on Wednesday it would make a half-point cut to the banks’ reserve requirement ratio, its benchmark interest rate, and release 1tn yuan (£103.6bn) into the banking system.
Continue reading...A Norwegian bartered five kilos of semi-dried fish for a ticket to Thursday’s semi-final clash between Bodø/Glimt and Tottenham in the Arctic Circle, as the hosts aim to become the first Norwegian club to reach a European final.
Some 50,000 fans were vying for just 480 remaining tickets to the second leg of Bodø/Glimt’s Europa League semi-final.
Continue reading...Foreign minister Caspar Veldkamp tells top EU diplomat Kaja Kallas he believes Israel is in breach of rights obligations linked to trade agreement
The Dutch government, seen as one of Israel’s most loyal allies in the European Union, is calling for an urgent review of the EU Israel association agreement, the basis for the EU-Israeli free trade agreement, the Dutch foreign minister Caspar Veldkamp told the Guardian.
Veldkamp described the Israeli ban on the supply of aid into Gaza as “catastrophic, truly dismal” and in clear breach of international humanitarian law.
Continue reading...In his first interview since leaving office, former US president told the BBC he fears for US-Europe relations
Joe Biden has accused Donald Trump of “modern-day appeasement” in his approach to Russia and expressed fears that Europe would “lose confidence in the certainty of America” in his first interview since leaving the White House in January.
“He [Vladimir Putin] believes it [Russia] has historical rights to Ukraine,” Biden told the BBC. Anybody who thought the Russian president would stop if Kyiv conceded territory, as recently proposed by Trump, “is just foolish”, he said.
Continue reading...South Korea passes annual tally for 2024 already, as Vietnam and Thailand continue to battle outbreaks
South Korea has recorded the highest number of measles cases in six years, adding to concerns that low vaccination rates combined with international travel are contributing to further outbreaks elsewhere in the region.
The country has confirmed 52 cases so far this year, exceeding the 49 recorded for the whole of 2024, the Korean Disease Control and Prevention Agency (KDCA) said this week. It is the highest figure since 2019, when 194 cases were recorded.
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