Chancellor Rachel Reeves heads to China amidst rising government borrowing costs and a falling pound, facing criticism for not prioritizing economic issues at home. Reeves aims to boost trade and economic ties with China, meeting with senior financial figures and UK firms operating in China. The trip comes as economists warn of potential spending cuts or tax rises to address the increased borrowing costs, with Reeves committed to making significant tax and spend announcements at the autumn Budget.
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Canada intends to recognize Palestinian state at UN General Assembly: Carney
Canada, led by Prime Minister Mark Carney, plans to recognize a Palestinian state at the UN General Assembly in September 2025, a move Israel condemned as part of a "distorted campaign." The recognition aims to uphold the two-state solution, contingent on reforms by the Palestinian Authority and a commitment to demilitarization, as hopes for peace diminish amid ongoing conflicts and territorial issues. Want More Context? 🔎
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