Pakistan exporters squeezed as U.S. shipping costs surge
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict d...
Denmark’s Social Democratic leader Mette Frederiksen said on Monday (1 June) she has agreed to form a new centre-left coalition government, securing a third consecutive term as prime minister amid heightened diplomatic tensions with the United States over Greenland.
Frederiksen said she had informed the Danish monarch that a government could now be formed after months of negotiations following the 24 March parliamentary election, which left no party with a clear majority.
“I have been to see His Majesty the King and announced that a government can be formed after long negotiations,” Frederiksen told reporters.
The agreement ends a period of political uncertainty after the election, in which 12 parties entered parliament and Frederiksen’s Social Democratic Party remained the largest force with 38 seats, down from 50.
The new minority coalition will include the Social Democrats, the Social Liberals, the Left Greens and the centrist Moderates. It will rely on outside support from the far-left Red-Green Alliance and other parties on a case-by-case basis to pass legislation.
Frederiksen said the government’s priorities will be presented on Tuesday, with ministerial appointments expected on Wednesday.
“It is a government platform for the people who are in Denmark and for the generations to come and also for the animals,” she said, highlighting animal welfare as one of the campaign issues.
The new government is expected to focus immediately on diplomatic discussions over Greenland, after U.S. President Donald Trump previously raised the prospect of annexation of the Danish territory.
Security concerns are also expected to shape the government’s agenda, with Denmark preparing a rapid expansion of its defence capabilities amid wider European security challenges linked to Russia’s war in Ukraine.
The formation marks a shift to the left for Frederiksen, who in recent years had led a broader cross-spectrum coalition including both left- and right-leaning parties.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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