Russia Is China’s ‘Raw Material Appendage,’ Ukraine Envoy Says
Russia is increasingly playing a junior role to China in a relationship that’s largely about Beijing’s desire for resources, Ukraine’s ambassador to Beijing said.
Bloomberg Politics
Italy Trims Bank Windfall Tax After $10 Billion Value Erased
The Italian government backtracked on part of its new windfall tax on banks, saying it would introduce a cap to limit the impact for many lenders as it tries to calm a rout that wiped out $10 billion from the banks’ market value.
Typhoon Khanun Powers Toward Seoul as Toyota Halts Plant
South Korean authorities warned Typhoon Khanun is on track to deliver an “extremely powerful” impact amid forecasts it will barrel up the country toward Seoul, the capital that’s home to about half the country’s population.
UK’s Voter Register Was Hacked. No One Noticed for 15 Months
Hackers were able to access UK voter registers undetected for 15 months, the Electoral Commission said, raising questions about data security even as it played down fears about the impact on elections.
Pheu Thai Adds More Allies to Coalition to Form Government
Pheu Thai, a party backed by former premier Thaksin Shinawatra’s family, has added six more partners in a coalition it’s steering to form a government and end a political stalemate following the May general election.
German Government to Approve Climate Fund Boost to €212 Billion
(Bloomberg) — Chancellor Olaf Scholz’s government will on Wednesday approve a top-up of Germany’s special Climate and Transformation Fund by more than €30 billion to about €212 billion ($233 billion), according to a draft of the financing plan through 2027 seen by Bloomberg.
Typhoon Khanun Powers Toward Seoul as Toyota Halts Japan Plant
Authorities in South Korea warned Typhoon Khanun is on track to deliver an “extremely powerful” impact amid forecasts it will barrel up the country and toward Seoul, the capital that’s home to about half the country’s population.
Indonesia’s Rush to Finish China-Funded Rail Raises Safety Fears
Indonesia is again delaying the opening of a China-funded high-speed train, citing safety concerns.
Record China Data Revision May Make Export Picture Look Better
China’s customs authority made the biggest downgrade on record to a monthly export figure, a move that could paint a more flattering picture of trade data already plunging amid weak global demand.
Pheu Thai to Add More Parties to Coalition as It Chases Majority
Pheu Thai, a party backed by former premier Thaksin Shinawatra’s family, is set to unveil more partners in a coalition it’s steering to form a government and end a political stalemate following the May general election.