Global News

African leaders approve creation of financial stability fund

African leaders have approved the establishment of a continental financial stability fund, the African Development Bank (AfDB) announced. The new facility, known as the African Financial Stability Mechanism (AFSM), aims to mitigate potential debt crises across the continent. The AFSM will be hosted by the AfDB and will have its own credit rating to enable borrowing from international capital markets,…

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UK summons top Rwanda diplomat as M23 advances in eastern DRC

The United Kingdom on Tuesday announced that it had summoned Rwanda’s High Commissioner after M23 rebels who have been alleged to have links with Kigali, made territorial gains in the Democratic Republic of Congo’s eastern regions. Through a statement released online and on X, the Foreign, Commonwealth and Development Office (FCDO) said, “the UK strongly condemns the advances of the…

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US isolation threatens global democracy, warns Major

Sir John Major has warned that democracy is under threat as the United States steps back from its leading role in the world. The former prime minister told the BBC that US President Donald Trump’s policy of American “isolation” was creating a power vacuum that would embolden nations like Russia and China. Sir John, who was PM from 1990 to…

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In from the cold? Alibaba co-founder Jack Ma spotted among top tech bosses who met China’s Xi

Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown. Besides Ma, the other tycoons in attendance included Huawei founder Ren Zhengfei, BYD CEO Wang Chuanfu, CATL CEO Zeng Yuqun…

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Rubio says Iran is ‘behind every terrorist group’ as he vows full U.S. support for Netanyahu

The secretary of state said Iran, which has long funded militant groups such as Hamas in Gaza and Hezbollah in Lebanon, threatens Middle East stability. U.S. Secretary of State Marco Rubio said Sunday that Iran remains the “single greatest source of instability” in the Middle East and threw his full support behind Israeli Prime Minister Benjamin Netanyahu. A meeting between…

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Saudi Arabia seeks to mediate between Trump and Iran on new nuclear deal

Saudi Arabia is open to mediating between the Trump administration and Iran in pursuit of a new deal to limit Tehran’s nuclear program, CNN has learned. The kingdom is concerned that Iran may be more inclined to pursue a nuclear weapon now that its regional proxies – long viewed as a deterrent against Israeli attacks – have been significantly weakened.…

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DR Congo’s M23 rebels enter centre of strategic city Bukavu: Report

Rwandan-backed M23 rebels have entered Bukavu, the second-largest city in the eastern Democratic Republic of the Congo (DRC), after advancing rapidly in the country. A local official, a security source, and five witnesses reported seeing the rebels there on Sunday, while a spokesperson for the militia told Reuters: “We are there.” The armed group had been advancing on the capital…

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UK and EU countries must spend more on defence, says Lammy

The UK and EU countries must increase their defence spending, with Europe facing an “existential question” even in the event of a negotiated peace in Ukraine, according to David Lammy. Speaking at the Munich Security Conference, the UK Foreign Secretary said that “Putin will not go away” and emphasized the need for increased military spending despite 23 NATO countries already…

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