Keywords: Stability


South Korea and United States agree that excessive won volatility is undesirable

South Korea and the United States have agreed that excessive volatility in the Korean won is undesirable and that both countries will continue close consultations on foreign exchange market developments, according to Seoul’s finance ministry. The agreement was reached during a meeting between......

Czech president says Israel’s security must not come at the expense of others in the region

The President of the Czech Republic, Petr Pavel, has stated that Israel’s security should not undermine the safety and stability of other countries in the Middle East. Speaking on Tuesday, Pavel emphasized the importance of a comprehensive regional approach to peace, stressing that long-term stability......

Macron seeks to support de-escalation with Saudi crown prince amid Middle East tensions

French President Emmanuel Macron has reaffirmed his commitment to easing tensions in the Middle East, following discussions with Saudi Crown Prince Mohammed bin Salman. In a message shared after their exchange, Macron said both leaders agreed to remain in close contact to help promote de-escalation......

Libya approves first unified state budget in over a decade

Libya has taken a significant step toward economic and political unity after its rival legislative bodies approved the country’s first unified state budget in more than a decade. According to official statements, both the House of Representatives and the High Council of State endorsed the new......

Afghanistan and Pakistan move toward dialogue in China-led peace talks

Officials from Afghanistan and Pakistan have agreed to explore a comprehensive approach to resolving their ongoing tensions following recent peace discussions hosted by China. The talks, held in the Chinese city of Urumqi, aimed to reduce hostilities and encourage both sides to pursue diplomatic solutions......

Switzerland prepares new capital rules that could shape UBS’s future

Switzerland is expected to finalize stricter capital requirements for UBS this month, a move that could significantly influence the future of the country’s largest bank and potentially affect its decision to remain headquartered in Switzerland. Following the 2023 collapse of Credit Suisse and......

BoE governor warns on private credit risks, recalling 2008 lessons

The Bank of England governor, Andrew Bailey, has cautioned that recent failures in the private credit sector should not be dismissed as isolated events. Speaking in London, Bailey highlighted concerns that the opacity of non-bank lending could amplify financial shocks, drawing parallels with the 2008......

Bank of England warns Iran conflict heightens financial risks

The Bank of England (BoE) warned on Wednesday that the ongoing conflict in Iran has created “a significant negative supply shock” to the global economy, intensifying threats to financial stability. According to the BoE, slower growth, rising inflation, and increased borrowing costs may lead......

Morocco under HM King Mohammed VI reinforces Solidarity with Arab Nations

Morocco, under the leadership of HM King Mohammed VI, continues its longstanding policy of solidarity with Arab nations, affirming a firm stance in support of Arab sovereignty and regional stability amid escalating tensions linked to Iran, Foreign Minister Nasser Bourita stated. Speaking at the 165th......