Chinese loans to Philippines stay resilient despite maritime row
SCMP •

Chinese loans to Philippines stay resilient despite maritime row

New findings on Chinese financing in the Philippines are challenging the assumption that Beijing reduced its funding under President Ferdinand Marcos Jnr because of worsening tensions in the South China Sea. Instead, Chinese capital has continued to support Filipino businesses in recent years, including a US$3.9 billion syndicated loan to telecommunications company Dito Telecommunity in 2023, the ...

Nicaragua will no longer hold elections, president says
SCMP •

Nicaragua will no longer hold elections, president says

Nicaragua’s long-serving President Daniel Ortega said the Central American country will no longer hold elections, eliminating the possibility of an electoral challenge when his term ends next year and further entrenching the rule he shares with his wife. Ortega, who has continuously held power since 2007 following an earlier presidential term ‌in the 1980s, said the move will close off any path to...

JP Morgan boss warns of ‘consequences’ if Burnham taxes banks
The Guardian •

JP Morgan boss warns of ‘consequences’ if Burnham taxes banks

Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie DimonBusiness live – latest updatesThe boss of JP Morgan, Jamie Dimon, has warned Andy Burnham against raising tax charges on banks, suggesting it could threaten plans to build its £3bn headquarters in London and drive investment away from Britain.The chief executive of the world’s biggest bank, who has a track ...

China lodges protest with Philippines after latest clash near Second Thomas Shoal

China lodges protest with Philippines after latest clash near Second Thomas Shoal

SCMP •

China has lodged a formal protest with the Philippines, accusing it of initiating an attack on its coastguards following the latest clash between the two sides in the South China Sea. Monday’s clash near the Second Thomas Shoal involved a Chinese coastguard vessel and two Philippine Navy rubber dinghies. The China Coast Guard said the Philippines had “illegally” launched the dinghies from the BRP ...

‘A partnership between settlers and the army’: two shot dead in latest West Bank raid

‘A partnership between settlers and the army’: two shot dead in latest West Bank raid

The Guardian •

Residents of Deir Jarir say raids late on Sunday, also involving security forces, are part of pattern of violenceEven by the brutal standards of militant settler violence in the West Bank, the raid on Deir Jarir late on Sunday night that killed two Palestinians and left another in hospital with a gunshot wound was extreme.Palestinians in the town said settlers from a nearby outpost arrived after 9...

West London streets flooded annually with heavy rains: Five little beavers solved the problem for free by building an extensive dam network

West London streets flooded annually with heavy rains: Five little beavers solved the problem for free by building an extensive dam network

Times of India •

Ealing borough in London has seen a successful return of beavers, who are tackling flooding issues head-on. By creating wetlands, these industrious animals have managed to retain excess rainwater during intense storms. Remarkably, the area surrounding Greenford station has remained safeguarded from flooding for three years. Additionally, this initiative has revitalized local ecosystems, drawing in...

In Malaysia, robber flees empty-handed after guard locks US$20,000 inside armoured van

In Malaysia, robber flees empty-handed after guard locks US$20,000 inside armoured van

SCMP •

An attempted robbery outside a bank in Malaysia ended without any cash stolen after a security guard’s swift action secured 82,000 ringgit (US$20,000) inside an armoured van. Selangor police chief Commissioner Shazeli Kahar said the incident occurred at about 5.30pm on Monday while security personnel were transferring cash into the van in Bandar Bukit Tinggi, Klang. He said a man wearing a dark ja...

UK employers cut job vacancies as Burnham aims to lift living standards

UK employers cut job vacancies as Burnham aims to lift living standards

The Guardian •

Unemployment holds steady at 4.9%, underlining the challenge facing the new prime ministerBusiness live – latest updatesEmployers cut the number of job vacancies in May, according to official figures that highlight the UK’s “fragile” economic outlook amid the conflict in the Middle East.Job vacancies fell to 712,000 – almost half the level in 2022 – as employers put off hiring new staff in the thr...

As BYD marks Brazil milestone, Europe weighs response to surge in Chinese EVs

As BYD marks Brazil milestone, Europe weighs response to surge in Chinese EVs

SCMP •

BYD has rolled out its 100,000th new-energy vehicle from its Brazilian assembly line, underscoring the growth potential for Chinese products in South America, just as electric cars fuel fresh tension in Europe. China’s largest electric vehicle (EV) producer reached the landmark on July 16, reflecting BYD’s rapid expansion as governments increasingly push for local manufacturing and job creation. T...

Why has Labour briefed against Ed Miliband – is it his success and popularity?

Why has Labour briefed against Ed Miliband – is it his success and popularity?

The Guardian •

Tories, Reform, fossil fuel industry and some in his party lined up against net zero agenda as energy secretary“Whenever the Labour party feels a bit sad,” according to one close observer of the current government, speaking some months ago, “they wheel out Ed Miliband to talk about rooftop solar.”It might not have been literally true, but it often felt during Keir Starmer’s premiership as if energ...