Chinese banks, including Bank of China and Industrial and Commercial Bank of China, have significantly reduced their assets in Russia amid ongoing sanctions related to President Putin’s invasion of Ukraine. In the second quarter of 2024, Bank of China saw a 37% decrease in assets to 355.9 billion rubles ($3.9 billion), while Industrial and Commercial Bank of China reduced its assets by 27% to 462.4 billion rubles ($5.1 billion), indicating the impact of sanctions on trade between the two countries.
Full Article
Algerian ‘terrorist’ kills one, injures several, in knife attack in France
A suspected terrorist carried out a knife attack in a town market in France, killing one civilian and injuring several police officers while shouting "Allahu Akbar." The 37-year-old Algerian suspect, who was on a terror prevention watchlist, was arrested and is currently in custody. French authorities are labeling the attack as an act of terror, prompting discussions on migration policies and the need for tougher measures to combat Islamist terrorism. Full Article
Read more