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...
The government of Bangladesh has ordered tax and customs officials to immediately end a two-day nationwide strike that has paralysed tax operations, including customs services at the country’s key trade gateway, Chittagong Port.
In an official statement, the interim government warned that failure to return to work would prompt “strict measures” to safeguard national interests and economic stability, though no specifics were provided. Authorities emphasised that import and export activities must continue without disruption and classified all National Board of Revenue (NBR) positions as essential services.
The strike follows a May 12 government directive dissolving the NBR and replacing it with new revenue divisions aimed at modernising operations, eliminating redundancies, and increasing efficiency. However, many employees view the reforms as a threat to job security and institutional autonomy. They are calling for changes to the restructuring plan and demanding the resignation of the NBR chairman. A complete shutdown began Saturday to press these demands.
Business leaders have expressed alarm, cautioning that a prolonged standoff could destabilise supply chains, hinder tax collection, and further erode investor confidence in an already fragile economic climate.
The protests add to mounting challenges for the transitional administration of Muhammad Yunus, who took office after widespread student protests forced former Prime Minister Sheikh Hasina to flee to India.
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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