Domestic Politics

Political uncertainty in France and an EU trade dispute with China are casting a shadow over European corporate earnings, investors say, despite forecasts pointing to better corporate results. According to LSEG I/B/E/S equity research, second-quarter earnings for companies in the pan-European STOXX 600 index are expected to rise by 2%, with revenues up 1.7%. This would be the first quarter of growth since early 2023. Investors had been optimistic about Europe's stock markets as the European Central Bank adopted a looser policy and the economic outlook improved. However, French President Emmanuel Macron's unexpected decision to call a general election has raised doubts.

At least 1,000 Yemeni pilgrims are stranded in Saudi Arabia after the Houthis seized Yemenia Airways flights that were to take them from the kingdom to Houthi-held Sanaa, the Yemeni government said on Saturday (29 June). Last week, the Houthis took control of three Yemenia planes at Sanaa airport, preventing them from returning to Jeddah airport in Saudi Arabia to take Yemeni pilgrims home. The Yemeni government accused the Houthis of "hijacking" the planes and worsening the plight of the Yemeni people.

Sierra Leone's parliament has passed a law banning child marriage, a development hailed by campaigners as a major victory for children's rights.

More than 14 months of war have severely affected Sudan's health sector, with many hospitals and medical facilities closed, damaged or destroyed. In Omdurman, many hospital buildings are abandoned. Doctors warn that the few operating facilities may close due to limited resources and overcrowding. Dr Ammar Moatasem, who works at a dialysis centre in Kassala State, said they could not follow proper treatment protocols. Awad Mohamed, a patient at the centre, expressed frustration at the lack of hope for improvement. Manal Fadl, a displaced Sudanese mother who underwent heart surgery just before the war, has not received proper follow-up care. 

Hundreds of pilgrims who died of extreme heat during this year's Hajj were not officially registered with the Saudi authorities (the Hajj is an annual Islamic pilgrimage to Mecca, Saudi Arabia, the holiest city for Muslims). As a result, many pilgrims were unable to access basic services such as air-conditioned buses and cooling tents. This situation highlights a growing challenge for Hajj organisers in the face of climate change: the requirement for official permits to access these services raises concerns that unregistered pilgrims may increasingly face life-threatening heat exposure. In addition, the high cost of official Hajj packages is leading some Muslims to seek cheaper, unofficial alternatives that do not include the necessary permits, taking advantage of relaxed restrictions on other types of Saudi visas. The lack of permits for unregistered pilgrims is hampering the provision of services and care, according to Colonel Talal bin Shalhoub, the security spokesman for the Saudi Ministry of Interior, in an interview on Saudi al-Arabiya television. Critics argue that all pilgrims should be protected from extreme heat, regardless of their registration status, and claim that authorities have cracked down on unauthorised participants this year.

The International Criminal Court (ICC) issued an arrest warrant on Tuesday (25 June) for former Russian Defence Minister Sergei Shoigu. He is suspected of being responsible for attacks on civilian targets in Ukraine between October 2022 and March 2023. An arrest warrant has also been issued for Valery Gerasimov, commander-in-chief of the Russian army.

The Council of the European Union on Monday (24 June) adopted a 14th package of economic and individual restrictive measures against Russia, "dealing a further blow to the Putin regime and those who perpetuate its illegal, unprovoked and unjustified war of aggression against Ukraine". These measures are designed to target high-value sectors of the Russian economy, such as energy, finance and trade, and make it increasingly difficult to evade EU sanctions.

Tadjik President Emomamli Rahmon has run Tajikistan with an iron hand since taking power in 1992. There are now reports that he is preparing to hand power to his son. So, news of dissent in the Central Asian Republic is rare. News of a coup and the arrests of many prominent former officials have therefore triggered a lot of speculation. Saidjafar Usmonzoda, a prominent member of the Tajik parliament, was detained on June 14 for allegedly “plotting to overthrow the government.” Prosecutor-General Yusuf Rahmon accused Usmonzoda of collaborating with the foreign-based opposition group National Pact of Tajikistan and of speaking with its leader, the self-exiled Sharofiddin Gadoev. Parliament quickly stripped Usmonzoda of his immunity