
Flood corruption scandal shakes the Philippines
The Philippines is grappling with a widespread controversy surrounding its flood control programme, with allegations of billions of pesos being siphoned off from projects meant to protect vulnerable communities.
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Russian team comes dead last in Hungary’s annual grave digging contest
In a surprise move, Hungary invited a Russian team to its annual grave digging competition. In an even bigger surprise the team from Novosibirsk came dead last.
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The European Commission proposes to “creatively” tap Russia’s $300bn of frozen assets with Reparation Loans
The European Commission is floating a new idea of how to “creatively” tap Russia’s $300bn of frozen assets without the need to appropriate, which is legally questionable, by replacing the money transferred to Kyiv with EU-backed bonds.
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“Yuri Gagarin” cosmodrome seeking a future in space – and tourism
Golden age of spaceport is long over, with Moscow focused on facilities in Russia. Kazakhstan, however, hopes it can find profitable niche in launching satellites.
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Russia’s 13 “drowning men” sink into corporate debt – The Bell
The Central Bank of Russia has quietly acknowledged growing financial distress among the country’s largest companies, identifying 13 corporations as "truly problematic" borrowers at the end of the first quarter.
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COMMENT: Why Beijing will never take Taiwan
Xi Jinping needs to think again before he sends so many young Chinese men and women to their deaths on Taiwan, for if the PLA does one day dare to land, they will be buried here.
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Nigerian president advances oil bill placing NNPCL under control of Finance Ministry, upstream regulator
President Bola Tinubu has endorsed a bill that would undermine the "independence" of NNPCL, shifting ownership to the Finance Ministry and handing new powers to upstream regulator NUPRC.
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COMMENT: Ukraine’s coming financial storm
“A crisis is drawing ever closer. It will break in Ukraine, but it won’t begin on the frontlines, where the country’s battle-weary brigades continue to impose a brutal cost on the Russian invader," writes Timothy Ash of BlueBay Asset Management.
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