Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports
Chinese tech giants, including Alibaba-backed Ant Group (688688.SS) and e-commerce company JD.com have halted plans to issue stablecoins in Hong Kong ...
Serbia’s parliament has officially accepted the resignation of Prime Minister Milos Vucevic, setting a 30-day deadline for the formation of a new government or the calling of snap elections.
The resignation, announced on January 28, follows the deadly train station collapse in Novi Sad last November, which resulted in 15 fatalities and sparked widespread protests across the country.
The protests, including one of the largest rallies in decades with more than 100,000 people gathering in Belgrade, were fueled by allegations of government corruption and mismanagement related to the incident, which the government denies. Protesters have demanded accountability for the disaster, and the ongoing unrest has significantly shaken the leadership of President Aleksandar Vucic, who has maintained power since becoming prime minister in 2014 and president in 2017.
Under Serbia’s constitution, President Vucic now has 30 days to propose a new prime minister-designate to lead the country until the next scheduled elections in 2027. The deadline for forming a new government is April 18, 2025. If the president fails to appoint a new prime minister-designate by then, a snap election will be triggered within 45 to 60 days.
The parliament session, which began on March 4, concluded with Vucevic's resignation as its final agenda item. The session has been marked by tensions, with opposition lawmakers protesting against the government and in support of student-led demonstrations. While the ruling Serbian Progressive Party (SNS) remains the most popular party, recent polls have shown a decline in government support amid the protests.
Opposition parties have called for an interim government without the SNS, but Vucic has rejected this demand, asserting that the SNS should remain in power. The next steps in this political drama will determine the future of Serbia’s government and the direction of the country's political landscape.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Polls in Bolivia closed on Sunday, with voters awaiting the results of a presidential runoff that marks a significant rejection of the socialist government and points towards a potential shift in foreign policy, likely steering towards the United States after years of tense relations.
On October 19, 2025, President Donald Trump announced the appointment of Mark Savaya, a Michigan-based entrepreneur, as the U.S. Special Envoy to Iraq.
Tufan Erhurman, a centre-left moderate, won the Turkish Cypriot presidential election on Sunday, defeating incumbent hardliner Ersin Tatar in a pivotal vote that could revive stalled U.N.-backed reunification talks on the divided island of Cyprus.
U.S. President Donald Trump urged Ukrainian President Volodymyr Zelenskyy during a White House meeting on Friday to accept Russia’s conditions for ending the conflict between Russia and Ukraine, warning that Vladimir Putin had threatened to “destroy” Ukraine if it refused to comply, according to FT.
Countries criticized UK, France, Germany for ‘legally and procedurally flawed’ attempt to trigger ‘snapback mechanism’
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