Zambia Assures Public Water Is Safe After Mine-Pollution Spill
'The water is fit for consumption,' Mike Mposha, Zambia's minister of green economy and environment, told reporters in Lusaka, the capital, on Friday.
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9 minutes ago
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Geopolitics dominates, before Fed takes the stage
A look at the day ahead in European and global markets from Wayne Cole. You know it's crazy times, when speculation Putin sent his body double to Alaska doesn't sound so outlandish. What does seem clear is that President Trump has shifted back to echoing Moscow's line, tweeting Kremlin talking points about Crimea and Zelenskiy. Putin's position seems to be that Ukraine should give up all the land Russia has taken, and much that it has failed to take in more than three years of fighting. This has been repeatedly ruled out by Zelenskiy and European leaders, and it's notable they will be by his side in Washington when he meets Trump later today. Markets have judged there is a diminished threat of further U.S. sanctions or tariffs on Russian oil exports, and oil prices are down modestly with Brent off 0.3%. Share markets are mostly firmer as Japan and Taiwan make more records, and Chinese blue chips scale a 10-month top. European stock futures are up 0.2% or so, as are Wall St futures. Valuations have been underpinned by a solid earnings season as Goldman notes S&P 500 EPS grew 11% on the year and 58% of companies raised their full-year guidance. This week's results will provide some colour on the health of consumer spending with Home Depot, Target, Lowe's and Walmart all reporting. For monetary policy the main event will be the Federal Reserve's Jackson Hole jamboree where Chair Powell speaks on the economic outlook and the Fed's policy framework on Friday, though there doesn't seem to be a Q&A as yet. ECB President Christine Lagarde and Bank of England Governor Andrew Bailey are on panel discussions. Futures are about 85% priced for a Fed rate cut in September so anything less than dovish from Powell would be a setback for debt markets. While Fed expectations are anchoring short-term yields, the long end continues to fret about inflation, budget deficit and the politicisation of monetary policy, so steepening the yield curve. European bond yields have also been on the rise, perhaps in part on a realisation of how much governments are going to have to borrow to cover increased defence spending. Key developments that could influence markets on Monday: - EU trade figures for June, US NAHB housing survey (By Wayne Cole; Editing by Jacqueline Wong) 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
Yahoo
27 minutes ago
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WP urges Government to engage widely, explore all solutions following National Day Rally 2025
SINGAPORE – The Workers' Party (WP) has urged the Government to engage widely and explore all policy suggestions in good faith, including previously untapped ones. In its response to the 2025 National Day Rally, the opposition party said Singapore should 'leave no stone unturned' in collective efforts to build a truly resilient nation for the future. The WP issued its statement following Prime Minister Lawrence Wong's Rally speech at ITE College Central on Aug 17, where he called for Singaporeans to unite to write the next chapter of the country's history and outlined new schemes to support workers and independent living for seniors, among others. PM Wong also spoke extensively about the challenges Singapore faces, including an unstable global economy and the rise of artificial intelligence (AI) impacting jobs and businesses. The WP addressed some of the new initiatives, and added its suggestions and concerns. On government efforts to address economic concerns, WP said it agrees that Singapore's economy needs to 'keep up with the times'. Responding to a new scheme announced by PM Wong during the Rally where Community Development Councils will match workers with jobs near their homes, the WP said: 'We agree with the approach of improving job-matching efforts for Singaporeans, and ask that the relevant organisations accelerate the setting up of this programme with the economic uncertainty ahead.' It added that in the party's experience, many residents referred to NTUC's Employment and Employability Institute receive career counselling, but 'not the direct job-matching support they truly need'. 'The new approach reflects what many job seekers are looking for: not just advice, but real opportunities and connections to employers who are hiring,' it added. It urged the Government to also tackle 'present concerns surrounding businesses and employees', including rising rental costs, skills-related underemployment and 'slow rate of real income growth of 0.7 per cent per annum over the past five years'. The WP reiterated some proposals from its GE2025 manifesto. These included having JTC Corporation, which oversees industrial infrastructure, expand its market share to offer low-rent options for small and medium-sized enterprises, and for a statutory minimum wage to be established. The party also responded to PM Wong's announcement of a new government-funded traineeship scheme for graduates from the Institute of Technical Education, polytechnics and universities. PM Wong said the scheme will begin as a 'focused' one which can be scaled up if the economy worsens. The WP said it recognises the importance of helping young graduates and mid-career workers find their footing, but urged the Government to ensure the programme is designed with safeguards so that it is effective and fair. The party said: 'State-sponsored internships and apprenticeships must not be used by companies only as a source of cheaper, subsidised labour. 'There should be clear performance metrics and a transparent commitment from participating companies to consider trainees for full-time employment once the training period ends.' It is also essential that all trainees receive basic workplace protections, including paid sick leave and safe working conditions, it added. The party will advocate for fair, transparent and sustainable employment pathways, especially for younger Singaporeans and those navigating mid-career transitions, it added. On the impact of AI on schools and the economy, the WP said it agrees with the importance of preparing students for life, not just exams – which PM Wong said the Government is doing more of. The WP called for an increase in the number of allied educators, which can lead to a 'meaningful reduction in class sizes' so students receive the attention they need to develop essential soft skills such as empathy and adaptability. The opposition party also called on the Government to improve social safety nets in the light of the ongoing disruptions caused by AI adoption, and reiterated its call for Singapore to introduce redundancy insurance. The WP said it looks forward to championing these ideas and others in the 15th Parliament. The party will have 12 MPs in the House when Parliament reopens on Sept 5, its largest-ever contingent. Progress Singapore Party (PSP) chief Leong Mun Wai also released a statement following the Rally in which he welcomed immediate support for new graduates but raised concerns that these proposals 'risk being mere Band-Aid solutions that do not address our country's deeper structural issues'. PSP also said the new government-funded traineeships raise the question of whether tertiary education is adequately preparing young people for the workforce 'if graduates are increasingly expected to settle for traineeships instead of full-time jobs'. Singapore must confront some fundamental questions in the years ahead, and the PSP believes these are not questions the Government can answer alone, said Mr Leong. 'Ultimately, the National Day Rally provided some ideas, but many critical questions on key issues such as housing affordability and cost of living were left unanswered,' he said. 'The PSP will continue to push for more fundamental reform in these areas and provide alternative policy proposals.' Watch PM Wong's National Day Rally speech here: Source: The Straits Times © SPH Media Limited. Permission required for reproduction Discover how to enjoy other premium articles here
Yahoo
33 minutes ago
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Hong Kong democrat Jimmy Lai given heart monitor for final stretch of marathon trial
By Jessie Pang and James Pomfret HONG KONG (Reuters) -Hong Kong pro-democracy businessman Jimmy Lai was provided with medication and a heart monitor for the start of his final submissions in a landmark national security trial, following health concerns over heart palpitations. Lai, 77, who founded the Apple Daily newspaper that was forced to close after a police raid and asset freeze in June 2021, has pleaded not guilty to two charges of conspiracy to collude with foreign forces, and a charge of conspiracy to publish seditious material. Lai's lawyer Robert Pang told the court last Friday that Lai had some episodes where he felt that he was collapsing and had heart "palpitations", prompting the court to adjourn proceedings and order that he be provided with a heart monitor and medication. Prosecutor Anthony Chau confirmed that Lai had been provided with these items on Friday and that he was now fit for court. Lai, noticeably thinner than when the trial began in late 2023, was dressed in a white jacket in the glass dock and pressed his palms together in a prayer gesture several times to his family and supporters. One of the judges, Esther Toh, said additional breaks could be provided for Lai if need be, while also acknowledging the opinion of a medical expert who examined Lai that he was "physically and mentally fit for court." "I'm worried for him. He's already in his 70s and has diabetes, and now palpitations," said Lucille, a supporter who queued for hours to get into the packed courtroom. Lai, a British citizen, has been held in solitary confinement for around 1,700 days. His son and some rights groups have expressed fear over his deteriorating health. Some Western governments have called for Lai's immediate release and raised concerns about the erosion of fundamental rights in the financial hub under China-imposed national security laws. Hong Kong and Chinese authorities have said Lai is being given a fair trial and have warned against such interference in the city's internal affairs. U.S. President Donald Trump said in a media interview last week that he would "do everything I can to save him." An Australian foreign affairs spokesperson told Reuters on Monday that Canberra was "deeply concerned by Hong Kong's widespread application of national security laws to repress civil society and prosecute pro-democracy advocates ... such as Jimmy Lai". Solve the daily Crossword
