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EU proposes changes to payments sector to support fintech growth

LONDON: The EU has proposed making the payments sector more competitive, giving legal backing to a digital euro, and preserving the role of cash as fewer people use coins and notes, according to Reuters. The package of European Commission reforms seeks to further prise open a payments market long dominated by banks and US duo Visa and Mastercard, which are now being challenged by fintechs that offer rival services using data from customers’ bank accounts.
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Shehbaz Sharif wins vote of confidence as Pakistani PM

Sharif secures 180 votes, against the 172 required to achieve a simple majority in the lower house of the parliament.
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“Kashmir to Open World’s Tallest Railway Bridge Soon”

The bridge over the Chenab River, taller than the Eiffel Tower, will provide all-weather connectivity with the valley.
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UK Commons approves controversial asylum bill

Once it passes, the law will likely mean anyone who arrives on small boats will be prevented from claiming asylum.
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11-year-old Murhaf raises $230K selling flower pins in Sweden.

Sales skyrocket after viral post about boy, and a racist backlash only brings in more money as people rally behind him.
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Iran Court Orders US to Pay $313m for ‘Terrorist’ Attacks

Court names US entities and officials - including ex-President Obama - ruling they played a role in directing ISIL.
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UK Government Reports That 1 in 5 Phones Did Not Receive Emergency Alert

The government says 80% of eligible phones got the alert, a "successful test" of the new system.
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Pakistan’s Historic Turnout Overwhelms Military’s Election Rigging Efforts

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In a turbulent 24 hours following Pakistan’s elections, the U.S.-backed military has proved unable to suppress the populist movement interrogating its authority.

The post Historic Turnout in Pakistan Is Swamping the Military’s Effort to Rig the Election appeared first on The Intercept.

Israeli forces kill 2 Palestinians in West Bank raid | TOME

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TULKARM: Israeli forces killed two Palestinian men during a raid in a refugee camp in the occupied West Bank on Sunday, the Palestinian Health Ministry said. The deaths were the latest in a surge of violence in the Palestinian territory that has prompted growing international concern since Hamas’s October 7 attack on southern Israel sparked the Gaza war. EU foreign policy chief Josep Borrell on Sunday described the situation in the West Bank as being at boiling point and warned that “we could be on the eve of a greater explosion.”

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Pakistan’s Historic Turnout Overwhelms Military’s Election Rigging Efforts

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In a turbulent 24 hours following Pakistan’s elections, the U.S.-backed military has proved unable to suppress the populist movement interrogating its authority.

The post Historic Turnout in Pakistan Is Swamping the Military’s Effort to Rig the Election appeared first on The Intercept.

West Bank tensions hinder peace, says EU’s Borrell

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MUNICH: EU foreign policy chief Josep Borrell on Sunday said the situation in the Israel-occupied West Bank posed a major obstacle to finding a long-term solution for peace between Israel and the Palestinians. “The West Bank is the real obstacle for the two-state solution,” Borrell said at the Munich Security Conference. “The West Bank is at boiling... we could be on the eve of a greater explosion,” he said.

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South Korea Aims to Become Halal Powerhouse, Embracing Pork and Booze | TOME

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The East Asian country is setting its sights on the global halal industry after taking film, TV and pop music by storm.

Carmakers Face Uighur Forced Labor Risk in China, Warns HRW

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Top brands such as General Motors, Toyota and Volkswagen not doing enough to track their supply chains, report says.

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