Politics

Prime Minister Justin Trudeau has negotiated a strategic agreement with the New Democratic Party to maintain his government's power until 2025. The deal allows Liberals to govern with predictability, passing budgets and implementing key policies while relying on NDP support without giving them Cabinet positions or veto power.

The Securities and Exchange Commission has proposed mandatory climate risk disclosures for public companies. Companies would need to report greenhouse gas emissions, transition plans, climate goals, and how severe weather events impact their financial performance.

British Prime Minister Boris Johnson characterized Russia's invasion of Ukraine as a critical turning point, arguing that Vladimir Putin aims to suppress democratic aspirations and that a Russian victory would signal a dangerous new era of global intimidation.

Britain's communications regulator Ofcom has revoked the license of Russia-backed broadcaster RT, citing concerns over its impartial reporting of the Ukraine conflict. The decision follows 29 investigations into RT's coverage, with the regulator finding the broadcaster unfit to hold a UK broadcast license due to its Russian state funding and coverage of the invasion.

The FBI has released its first declassified document about the September 11, 2001 attacks, following President Biden's executive order. The 16-page report highlights contacts between hijackers and Saudi officials but does not conclusively prove government involvement.

Senate Democrats are exploring a stock buyback tax as a potential revenue source for the $3.5 trillion spending bill. The proposal aims to generate funds without directly raising corporate tax rates, amid political tensions surrounding infrastructure financing and the 2022 midterm elections.

Toyota and Honda criticize a Democratic proposal offering a $4,500 tax incentive exclusively for union-made electric vehicles in the United States, arguing the plan discriminates against non-union auto workers and manufacturers.

Finance Minister Tengku Zafrul emphasizes the need for unique economic reform strategies, highlighting innovative business models and production techniques as critical for Malaysia's future economic progress during challenging pandemic times.

The Taliban has announced its interim government, with Mullah Hassan Akhund appointed as head of state. Zabihullah Mujahid revealed the new cabinet, highlighting Akhund's close association with Mullah Omar and his role in founding the Tehreek-e-Taliban. Mullah Abdul Ghani Baradar will serve as deputy head of state.

Malaysian Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz plans to propose raising the statutory debt limit to 65% of GDP. Currently at 58%, the government aims to provide financial support for businesses and citizens, with the proposal set to be presented to the cabinet next week.