Myanmar making some progress but fragile - World Bank

12 Sept 06:06 Key points summarised by AI

Myanmar's economy is experiencing a fragile and unequal recovery, with a predicted 3% GDP increase overshadowed by rising costs for food and commodities, disproportionately affecting the poorest households.
US sanctions on state banks have sharply devalued the Kyat against the USD, while persistent supply shortages and policy issues maintain high inflation despite expected easing.
Ongoing armed conflict, electricity shortages, and restrictive policy changes continue to deteriorate the business environment, creating significant uncertainty for trade and financial transfers.
The Kyat has depreciated over 60% since the 2021 coup, prompting major international businesses like Inditex (Zara) and the UN-backed Pact Global Microfinance Fund to exit the country.

Macron condemns those who 'sought to bring down the Republic' after rioting mars nationwide protests

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.