Australia’s new government announced an independent review of the nation’s carbon credit system to address concerns over its integrity.
China announced another stimulus measure to finance infrastructure projects, part of its push to drive investment and increase employment in the second half of this year as the economy starts to recover from the effects of Covid lockdowns.
Taiwan’s stock market slid again on Friday, taking its decline from a January high to over 20% and is on track to enter a bear market.
President Vladimir Putin signed a decree to transfer rights to the Sakhalin-2 natural gas project to a new Russian company, a move that could force foreign owners including Shell Plc to abandon their investment in the facility.
The cost of transport in Sri Lanka’s capital Colombo doubled last month even though most residents were stuck at home due to a severe shortage of fuel, highlighting a crucial dilemma for the central bank.
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