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EU countries have agreed to step up sanctions against Belarus and ban its national airline from airports in the bloc after the Minsk regime sparked a global uproar by intercepting a Ryanair flight.
European leaders meeting in Brussels on Monday evening agreed on “targeted” economic countermeasures that should target businesses and oligarchs accused of funding the 27-year reign of President Alexander Lukashenko.
The 27-member bloc called for the immediate release of Roman Protasevich, one of the main opposition activists, and his partner, Sofia Sapega, both of whom were detained in Minsk on Sunday after authorities forced the plane to land. The Belarusian regime’s interception of the flight from Greece to Lithuania has sparked condemnation from Western countries and fears that other authoritarian regimes are attempting to militarize the skies.
FT Central European Correspondent James Shotter and Moscow Correspondent Max Seddon explain how Protasevich became one of Lukashenko’s prized targets.
Notice: This hijacking and kidnapping by the Lukashenko regime in Belarus sets a dangerous global precedent, says Gideon Rachman.
Thank you to those who took part in our survey. Fifty percent of respondents said governments should give incentives to encourage people to get vaccinated against Covid-19.
In the news
The G7 is about to negotiate the taxation of the world’s largest companies Major advanced economies in the Group of Seven are close to a deal on corporate taxation of multinationals, paving the way for a global deal later in the year to create new rules for imposing levies on the largest companies around the world. A pact could be concluded as early as Friday.
Indian police visit Twitter offices after tweet line Indian police went to the local office of social media company Twitter after its moderators called a tweet from the ruling party’s national spokesperson potentially misleading.
Jack Ma resigns as president of the business school Billionaire to step down as president of Hupan University – the elite business academy he founded six years ago – as Beijing tackles Alibaba founder ‘s influence in society Chinese.
Iron ore prices fall after China warns of ‘excessive speculation’ The price of iron ore, a steel ingredient, fell sharply after China said it would focus on efforts to reduce soaring prices and crack down on monopolies in commodity markets as the concerns grew about rising inflation.
Saudi Arabia hopes to raise $ 55 billion through privatization The kingdom hopes increase the sum over the next four years, as it plans to scale up its fledgling privatization program as the government seeks to increase revenues and reduce its yawning budget deficit, Mohammed al-Jadaan, the finance minister, told Financial Times.
China warns of safety after 21 dead in ultra-marathon race Chinese officials have warned that organizers of ultra-marathon cross-country events have often put profits before safety, after 21 runners died in extreme weather conditions during a race in the northeast. west of the country.
The day ahead
A year after the murder of George Floyd Washington lawmakers risk missing a deadline set by US President Joe Biden to reach a deal on federal police reform legislation by Tuesday, the first anniversary of George Floyd’s murder. Biden is set to meet floyd’s family Tuesday. (FT, CNBC)
US-Iran nuclear deal talks The two countries stand ready to hold what delegates hope will be the last round of discussions on relaunching the Obama-era nuclear deal after Iran and the global nuclear watchdog extended a technical deal to continue talks. (Al Jazeera)
Blinken goes to the Middle East US Secretary of State Antony Blinken will begin a trip to Israel, West Bank, Jordan and Egypt at the request of President Joe Biden to build on last week’s ceasefire agreement and ensure the delivery of aid to Gaza. (AP)
What else do we read
Why Malaysia’s plan for an ‘Asian Eurostar’ derailed Malaysia and Singapore are mutually dependent on cross-border commuters. A cross-border high-speed train project was expected to further accelerate this economic integration before falling prey to politics earlier this year.
Economic reform crucial to improve the lives of black Americans The small number of jobs created last month surprised many. But another number stood out for FT labor and equality reporter Taylor Nicole Rogers: Unemployment among black Americans rose to 9.7 percent, while the overall unemployment rate was 6, 1 percent.
Notice: Entrepreneurs can help the cause of economic justice, writes Damien Dwin, founder and CEO of Lafayette Square
“ I don’t want to be the type of guy who says no ” Christopher Ahn says he just wanted to help. The former American sailor and child of South Korean immigrants has become a volunteer for the civil defense of Cheollima to help North Koreans escape the Kim Jong Un regime. Now he is stuck in the crosshairs of international law and could face a prison sentence. (BuzzFeed News)
Europe’s decision to project its influence into conflict zones For the first time, the European bloc is authorized to arm governments in the name of the fight against terrorism, the protection of civilians and the stabilization of fragile states. The money will come from a new € 5 billion fund known, incongruously to some ears, as the European Peace Facility.
The boss is back but the workers stay at home Across New York and other major cities, CEOs have returned to offices that are often their seat of power and their most precious environment. Yet statistics suggest that their workers do not feel the same attraction in their workplace.
Celebrating breaking the mold later in life The new podcast Aging shamefully is, according to its intro, made up of “remarkable stories told by remarkable people”. Most of the contributors are over 70 and as such are people we rarely hear about in podcasting. More importantly, all of them made a choice in their later years that demolishes stereotypes.
Caricature of the day
UK holidaymakers stay home as they try to craft an Orange List