Global News Highlights: Scandals, Ceasefires, and Policy Challenges

Catch up on world news: Mexico halts Brazilian poultry imports over bird flu, Uruguay faces a financial scandal with 'phantom cows,' Guyana passes an oil spill bill, Gaza ceasefire talks resume amid Israeli assaults, and Italy's PM warns of EU green policies' industrial risks.


Devdiscourse News Desk | Updated: 18-05-2025 05:23 IST | Created: 18-05-2025 05:23 IST
Global News Highlights: Scandals, Ceasefires, and Policy Challenges
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In a series of global developments, Mexico has suspended poultry imports from Brazil following the confirmation of a bird flu outbreak. This move aims to protect the national poultry sector, highlighting the implications of international health crises on trade.

Meanwhile, in Uruguay, a financial scandal is unfolding due to phantom cows involved in a failed 'cow bond' scheme, marking one of the country's biggest economic controversies. The crisis underscores the vulnerabilities in financial systems reliant on unconventional investment methods.

Guyana's parliament has taken a firm stance on environmental accountability by passing a bill holding companies liable for oil spill damages. The legislation, awaiting presidential approval, reflects a growing emphasis on corporate responsibility amid escalating concerns over environmental protection.

(With inputs from agencies.)

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