logo
Thousands gather at pro-government rally in Serbia

Thousands gather at pro-government rally in Serbia

Yahoo12-04-2025

BELGRADE (Reuters) - Thousands from towns in Serbia, Kosovo and Bosnia arrived by buses on Saturday to attend a rally in Belgrade organised in support of President Aleksandar Vucic, whose grip on power has been threatened by months of anti-corruption protests.
Main streets were blocked for traffic, and stands with fast food and drinks were put up in front of the parliament.
The rally is seen as Vucic's response to the big anti-government rally on March 15, when more than 100,000 people attended the biggest protest in decades.
Serbia has seen months of anti-government rallies after 16 deaths from a railway station roof collapse triggered accusations of widespread corruption and negligence.
The protests have swelled to include students, teachers and farmers in a major challenge to Vucic, a populist in power for 12 years as prime minister or president.
"The coloured revolution is over," Vucic told throngs of his supporters in front of the parliament. "They can walk as much as they wish, but nothing will come out of that."
The rally was meant also to promote a new movement led by Vucic's Serbian Progressive Party (SNS) which is expected to include other parties from the ruling coalition that is yet to be officially inaugurated.
Hungary's Prime Minister Viktor Orban addressed the rally via video link. "Serbian patriots can count on Hungarian patriots," Orban said.
Tensions between Vucic's supporters and anti-government protesters ran high on Saturday. In Novi Pazar, which is the administrative centre of Serbia's Muslim majority region, anti-government activists tried to prevent buses with Vucic's supporters from leaving the town.
In Belgrade, protesters tried to prevent buses from reaching the city centre and threw eggs at them, triggering police intervention.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia's economic growth stays flat at 1.3% in the first quarter from a year earlier, missing estimates
Australia's economic growth stays flat at 1.3% in the first quarter from a year earlier, missing estimates

CNBC

time11 minutes ago

  • CNBC

Australia's economic growth stays flat at 1.3% in the first quarter from a year earlier, missing estimates

Australia's economy grew less than expected in the first quarter this year, as growth stalled amid the simmering global trade tensions. The country's economy grew 1.3% year-on-year in the first quarter, lower than the estimated 1.5% growth among economists polled by Reuters. That was unchanged from the 1.3% year-on-year growth in the prior quarter. The GDP figure comes as the Reserve Bank of Australia slashed rates to its lowest level in two years at its last meeting in May as inflation figures concerns receded, offering some room for the RBA to ease monetary policy. The central bank said in its statement after the meeting that it expects domestic GDP growth to pick up in 2025, driven by a recovery in consumption and continued strength in public demand. "However, the pick-up is expected to be more gradual than previously forecast due to weaker global demand, global and domestic uncertainty and weaker momentum in consumption," it added. Inflation in the country has eased to a four-year low of 2.4% in the first quarter of 2025, within the RBA's target range of 2% to 3%. The RBA said in its May meeting that its baseline assumptions for the country's economy going forward would reflect "somewhat weaker" demand for Australian exports. It said that "some weight was placed on the possibility that heightened policy uncertainty might dampen domestic investment and household spending; and near-term momentum in consumption was a little weaker."

Vanguard new ex-China ETF followed push from Missouri Republicans
Vanguard new ex-China ETF followed push from Missouri Republicans

Yahoo

time14 minutes ago

  • Yahoo

Vanguard new ex-China ETF followed push from Missouri Republicans

By Suzanne McGee and Ross Kerber (Reuters) -Investment manager Vanguard's new exchange-traded fund targeting emerging markets outside of China appears to have followed a push from the Missouri State Treasurer's office for products excluding Chinese stocks. The product highlights a new front in the decoupling of economic links between the U.S. and China as a result of the trade war U.S. President Donald Trump has begun between the world's two largest economies. Vanguard filed on May 30 with the U.S. Securities and Exchange Commission to launch the Vanguard Emerging Markets Ex-China ETF. Vivek Malek, Missouri's Treasurer, told Reuters the announcement came six weeks after a series of requests and meetings with Vanguard, a claim backed by letters and e-mails reviewed by Reuters. Malek successfully pushed for the state's pension fund to divest from publicly traded Chinese stocks in December 2023 and also pressed for a China-free fund option for the state's $4.5 billion 529 educational savings plan in an April 14 letter to the plan's program manager working with Vanguard. "I believe we moved the needle in the direction that helped them reach this decision," Malek said. Vanguard did not directly comment on Malek's statements, citing quiet period restrictions on discussing fund products still under SEC review. A Vanguard spokesman said the firm's goal is to offer investors of all kinds of lower-cost options. Had Vanguard not filed for its ex-China ETF when it did, the firm risked losing its position as the main provider of investment products in the state's 529 plan, Malek said. Next year, Missouri will be reconsidering which asset managers will be entrusted with those savings, and one of the conditions any firm must meet will be offering a fund that excludes Chinese stocks, Malek said. MORE EX-CHINA PRODUCTS Ex-China ETFs have been launched with growing frequency within the last three years, according to Morningstar, and Vanguard's ETF would bring the total to 13, four of which debuted in 2024. Like other Republicans, Malek has been a critic of investments in China and made removing them from state investment portfolios a political objective. In his April 14 letter, Malek pointed to economic, legal and geopolitical risks associated with Chinese stocks, adding these are "real, accelerating and incompatible with long-term fiduciary responsibility". Malek's staff met with Vanguard executives in early May, according to e-mails reviewed by Reuters, ahead of a May 21 meeting of the board of trustees for the Missouri college savings plan, the agenda for which included discussion of other investment options excluding China. On May 30, Vanguard advised the Missouri Treasurer's office that it would be launching the ex-China ETF. At nearly the same time as the e-mail was sent, it filed with the SEC. "Typically, the product development cycle is a matter of months, not weeks, so it's quite possible that Vanguard had already been looking at this as an area to explore," said Bryan Armour, an ETF analyst at Morningstar. Malek said he sees the new ETF as an example of effective collaboration between conservative state treasurers and asset managers. Since Vanguard has responded favorably to his request, Malek plans to make sure the new ETF is a success, pointing out that he has influence with the 120 or so other smaller pension funds across Missouri. "I'll be using my bully pulpit to encourage those pension funds to utilize this particular ETF from Vanguard," he said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Advanced nuclear companies and others urge Senate to keep energy tax credits
Advanced nuclear companies and others urge Senate to keep energy tax credits

Yahoo

time32 minutes ago

  • Yahoo

Advanced nuclear companies and others urge Senate to keep energy tax credits

(Reuters) -Energy companies representing technologies that provide baseload, or stable and consistent power, on Tuesday urged U.S. Senate leadership to preserve clean energy tax credits that were effectively gutted by a Republican bill passed last month by the House of Representatives. WHY IT'S IMPORTANT Republicans including U.S. President Donald Trump have criticized clean energy tax credits for incentivizing intermittent renewable energy sources like wind and solar that vary depending on weather conditions. They say the nation needs more baseload power, which includes coal and natural gas, to serve soaring electricity needs tied to data centers and artificial intelligence. But in the letter sent on Tuesday, a group of nuclear, energy storage, geothermal and hydropower companies and organizations said they, too, need the subsidies to support their baseload technologies. KEY QUOTE "Baseload technologies rely on these credits to secure financing, plan multi-decade investments, and build the infrastructure needed for a reliable and resilient grid. Altering the availability, phase-out schedule, or transferability of these credits would jeopardize the firm capacity now in active development and undercut America's broader goals of energy security and productive investment," the companies said in the letter addressed to Senators John Thune, the Republican leader, Chuck Schumer, leader of the minority Democrats, Mike Crapo, the Republican chairman of the Senate finance committee, and Ron Wyden, the committee's top Democrat. The letter was signed by geothermal company Fervo Energy, storage firm Form Energy, nuclear technology companies Oklo and TerraPower, among others. It was also signed by several advocacy groups representing hydropower, geothermal and advanced nuclear energy. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store