Coface: German Companies Struggle with Payment Discipline Amid Rising Insolvencies
The 2025 edition of Coface’s annual survey on payment discipline among German companies reveals a further decline in payment behaviour
EU Foreign Affairs High Representative Catherine Ashton and US President Barack Obama have separately issued demands Thursday that Syrian President Bashar Al-Assad relinquish office.
Assad has been facing pro-democracy protests for 5 months now and has invited the anger of Western leaders by the excessive violence he used in quenching them.
"Assad has lost all legitimacy for the Syrian people and must leave power," said Ashton Thursday, adding that the EU will impose new sanctions on the Syrian regime.
In a joint declaration, German Chancellor Angela Merkel, French President Nicolas Sarkozy and UK PM David Cameron spoke out harshly against what they saw as the bloody repression of the Syrian people.
Almost simultaneously, American President Obama has said that Assad must leave since he has not installed adequate democratic reforms in his country.
"We explained that President Assad must effect a democratic transition or leave. He did not make this transition. In the interest of the Syrian people President Assad must step down," stated Obama.
Secretary of State Hilary Clinton also announced fresh sanctions aimed "straight at the heart" of the Syrian regime.
Just before those declarations Assad had informed UN Secretary General Ban Ki-moon that all military actions against protesters have been stopped.
Israel has carried out a series of airstrikes on key government sites in the Syrian capital, Damascus
Egils Helmanis, the mayor of Ogre, a Latvian town located just over 30 kilometers from Riga, has sustained injuries during a Russian attack in Ukraine
Ukraine is preparing for a major government reshuffle, with the Verkhovna Rada expected to dismiss Prime Minister Denys Shmyhal and his Cabinet on 16 July
The Polish Foreign Minister, Radosław Sikorski, reported that a Russian drone attack on the Ukrainian city of Vinnytsia damaged a factory owned by the Polish Barlinek Group
Hungary has escalated its confrontation with Ukraine, with Prime Minister Viktor Orban demanding that the European Union impose sanctions on Ukrainian officials over the death of a Hungarian citizen during military mobilisation
The Verkhovna Rada has approved another 90-day extension of martial law and general mobilization in Ukraine
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