Uzbekistan launches digital lending platform to boost small business growth
Uzbekistan will launch a new digital financial platform from 1 July aimed at simplifying access to finance for entrepreneurs, as part of broader effor...
Former French president Nicolas Sarkozy will learn his fate in a corruption trial on Thursday in which he is accused of taking millions of euros from late Libyan strongman Muammar Gaddafi to help finance his 2007 election campaign.
French prosecutors have requested a seven-year jail sentence for Sarkozy, who was president from 2007 to 2012.
He can appeal if found guilty, which would likely suspend his sentence.
The 70-year-old has been on trial since January on charges of "concealing the embezzlement of public funds, passive corruption, illegal campaign financing and criminal conspiracy with a view to committing a crime".
Investigators allege he made a corrupt pact with the Libyan government involving Libyan spies, a convicted terrorist, arms dealers and allegations that Gaddafi provided Sarkozy's campaign with millions of euros shipped to Paris in suitcases.
Sarkozy has repeatedly denied any guilt, and said the case is politically motivated.
Despite lingering legal headaches, and having his Legion of Honour, France's highest distinction, stripped in June, Sarkozy remains an influential figure on the French political stage.
He recently met with his former protege, Prime Minister Sebastien Lecornu, and has also lent credibility to the National Rally (RN), led by Marine Le Pen, saying the far-right, anti-immigrant party now forms part of the "republican arc."
Sarkozy has faced legal battles since leaving office.
Last year, France's highest court upheld his conviction for corruption and influence peddling, ordering him to wear an electronic tag for a year, a first for a former French head of state. The tag has now been removed.
Also last year, an appeals court confirmed a separate conviction for illegal campaign financing over his failed re-election bid in 2012.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
Every June, roughly 13 million young people in China sit down at the same time to take the same test. They have been preparing for it, in many cases, since primary school. Their families have rearranged their lives around it.
Georgia is overhauling its migration laws in one of the most significant legal reforms in years, introducing criminal penalties for fake marriages, tighter controls on foreign students and expanded investigative powers for the migration authorities.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 13 June, covering the latest developments you need to know.
Ambassadors from the European Union’s 27 member states have agreed to advance accession negotiations with Ukraine and Moldova, paving the way for the first formal phase of talks to begin on Monday.
European Union countries have agreed to maintain the current three-hour threshold for flight delay compensation in the bloc’s upcoming update to air passenger rights, preserving one of the most recognisable protections for travellers.
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