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BEIJING, China (AFP) — Customers of rural Chinese banks whose withdrawals have been frozen will begin to get some of their money back Friday, regulators said, after depositors clashed with authorities at a rare protest over the weekend. China’s rural banking sector has been hit hard by Beijing’s efforts to rein in a property bubble and spiralling debt, in a financial crackdown that has had ripple effects across the world’s second-largest economy. Four banks in […]
by Fanuel Jongwe Agence France-Presse HARARE, Zimbabwe (AFP) — With runaway inflation eating into incomes, staple foods have vanished from the tables of Zimbabweans like Emina Chishangwe, who lives in a poor dormitory town south of the capital Harare. “I can’t remember the last time I ate meat. It has become a luxury for some of us,” said the 57-year-old single mother of two adult sons. Zimbabwe has the highest inflation rate in the world, […]
WASHINGTON, United States (AFP) — Iran is planning to supply hundreds of drones with combat weapon capabilities to Russia for use in Ukraine, a top US official said Monday. Jake Sullivan, the White House national security advisor, said the information received by the United States supported views that the Russian military is facing challenges sustaining its weaponry after significant losses in Ukraine. “The Iranian government is preparing to provide Russia with up to several hundred […]
MOSCOW (AFP) –Russian President Vladimir Putin on Monday issued a decree to fast-track citizenship for all Ukrainians, more than four months into Moscow’s military offensive in Ukraine. The decree ordered that “all citizens of Ukraine” be given “the right to apply for admission to the citizenship of the Russian Federation in a simplified manner”. In May, Putin already fast-tracked citizenship for residents of two regions of Ukraine — the southern region of Kherson, which is […]
Madrid, Spain (Agence France-Presse) Temperatures were set to soar above 40 degrees Celsius across large parts of Spain and Portugal on Monday as the Iberian Peninsula faces a second heat wave in less than a month. The mercury was to hit 42 degrees Celsius (107.6 Fahrenheit) in Spain’s southeastern region of Extremadura and 41 degrees in Andalusia, Spain’s meteorological agency AEMET said. Temperatures in Spain’s normally cooler northwestern region of Galicia were predicted to rise […]
STOCKHOLM, Sweden (AFP) — The EU’s health and medicine agencies said Monday they were recommending a second booster shot of a Covid vaccine for people over 60 years old, as infections rise again. “With cases and hospitalisations rising again as we enter the summer period, I urge everybody to get vaccinated and boosted as quickly as possible,” Stella Kyriakides, the European Commissioner for Health and Food Safety said. “There is no time to lose,” […]
by Amal JAYASINGHE Agence France Presse COLOMBO, Sri Lanka (AFP) — Millions of rupees in cash left behind by Sri Lanka’s president when he fled his official residence was handed over to a court Monday after being turned in by protestors, police said as a succession battle got under way. Protesters discovered 17.85 million rupees (about $50,000) in crisp new banknotes but turned it over to police following Saturday’s storming of the Presidential palace. […]
BERLIN, Germany (AFP) — Russian gas giant Gazprom begins 10 days of routine maintenance on its Nord Stream 1 pipeline on Monday — with Germany and other European countries watching anxiously to see if the gas comes back on. The annual work on the two pipelines was scheduled long in advance. The fear is however that — with relations between Russia and the West at their lowest in years because of the invasion of Ukraine […]
BEIJING, China (AFP) — Members of a “criminal gang” accused of taking control of local banks have been arrested in central China after rare protests over alleged financial corruption sparked violent clashes between customers and authorities. Hit hard by the country’s economic slowdown, four banks in Henan province have since mid-April frozen all cash withdrawals, leaving thousands of small savers without funds and sparking sporadic demonstrations. In one of the largest such rallies yet, hundreds […]
by Nicolas Garcia Agence France-Presse CHASIV YAR, Ukraine (AFP) — A Russian missile struck an apartment building in eastern Ukraine Sunday, killing at least 15 people as Moscow’s forces sought to consolidate their control over the Donbas region. “During the rescue operation, 15 bodies were found at the scene and five people were pulled out of the rubble” alive in the town of Chasiv Yar, the local emergency service said on Facebook. “At least 30 […]
by Hiroshi HIYAMA / Sara HUSSEIN Agence France Presse TOKYO, Japan (AFP) — Japanese voters cast their ballots Sunday in an upper house election, just two days after former prime minister Shinzo Abe was assassinated while on the campaign trail. The election, which is expected to see Abe’s ruling Liberal Democratic Party increase its majority, has been overshadowed by the murder. But Prime Minister Fumio Kishida and other politicians have insisted the shock killing […]
by Amal Jayasinghe with Faisal Kamal in Galle Agence France Presse COLOMBO, Sri Lanka (AFP) — Sri Lankan protesters refused to budge from President Gotabaya Rajapaksa’s residence on Sunday after storming his home, forcing him to flee with the navy and to announce his resignation. The dramatic events on Saturday were the culmination of months of protests by people enraged by the South Asian island nation’s unprecedented economic crisis and the Rajapaksa clan’s incompetence […]
