Sterling, yen dragged by fiscal and political worries
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in...
Ukraine’s newly appointed Prime Minister Yuliia Svyrydenko announced on Thursday that her government will initiate a comprehensive audit of public finances aimed at securing “real savings” and improving the efficiency of state spending.
In her first statement on X following her confirmation by parliament earlier in the day, Svyrydenko also emphasised the need to speed up large-scale privatisation efforts as part of broader economic reforms.
“Our government will launch a full audit of public finances to ensure transparency and real savings,” she wrote, underscoring fiscal discipline as a key objective.
Svyrydenko, who previously served as First Deputy Prime Minister and Economy Minister, takes the helm during a critical phase of Ukraine’s wartime recovery and restructuring. She replaces Denys Shmyhal, who is expected to take over as Defence Minister.
Outlining her immediate priorities, Svyrydenko said her administration would focus on ensuring stable and sufficient supplies for the Ukrainian military, while also working to expand domestic arms production to reduce reliance on imports.
Her appointment comes as Ukraine continues to face significant economic and security challenges amid Russia’s ongoing invasion. With foreign aid expected to decline in the coming year, the government is under pressure to streamline expenditures and find alternative sources of revenue.
Observers say Svyrydenko’s leadership will be crucial in balancing urgent defence needs with long-term structural reforms needed to stabilise Ukraine’s economy and maintain international support.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Ukraine’s air defence systems were activated in Kyiv on Wednesday as the capital came under a new Russian air attack. Authorities urged residents to remain in shelters during the strikes.
China launched its largest military parade on Wednesday, showcasing growing firepower as President Xi Jinping sought to project Beijing’s role on the global stage. Russian President Vladimir Putin and North Korean leader Kim Jong Un were among the leaders attending at Tiananmen Square.
China held its largest-ever military parade on Wednesday, showcasing its growing military power and geopolitical influence as President Xi Jinping positions Beijing as a custodian of the post-U.S. international order.
U.S. forces carried out a precision strike on a suspected transnational drug vessel in the southern Caribbean, killing all 11 people aboard, President Donald Trump and the Pentagon confirmed on Tuesday.
Moscow maintains that negotiations between Russia and Ukraine should continue, but stresses that progress is only possible if what it calls the “new territorial realities” are acknowledged.
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