The European Commission is proposing strict measures to curb imports from illegal Israeli settlements in the West Bank. Options include an import licensing system, tariffs, or an outright ban, aiming to strengthen enforcement without new EU legal instruments.
Hong Kong plans to introduce an administrative fee for customers seeking refunds on prepaid beauty and fitness contracts under a proposed seven-day cooling-off period. The measure aims to curb potential abuse and protect businesses from repeated refund requests.
Kevin Warsh told the Senate Banking Committee he would work with the US Treasury to reduce the Federal Reserve's balance sheet, marking a shift from the Fed's role as a global central bank supplying unlimited liquidity to a tighter monetary approach focused on domestic productivity and monetary sovereignty. CICC analysts noted expectations of abundant US dollar liquidity may be revised, warning assets reliant on liquidity-driven gains could face headwinds. Citic Securities said implementation would likely be gradual if launched in the second half of the year.
