The European Central Bank (ECB) has issued a stark warning about the growing influence of stablecoins, highlighting their potential to disrupt the financial stability of the euro zone. Stablecoins, digital assets designed to maintain a stable value, have surged in popularity, with their market value now exceeding $280 billion. While this figure remains relatively modest, the ECB emphasized that issuers of these coins have become significant buyers of U.S. Treasuries, raising concerns about their broader impact on global financial markets. In a recent Financial Stability Review article, the ECB noted that stablecoins are primarily used for trading crypto assets, accounting for approximately 80% of all transactions on centralized crypto trading platforms. The central bank warned that the rapid expansion of stablecoins could lead to significant outflows of retail deposits from euro zone banks, undermining a crucial funding source and increasing overall funding volatility. The ECB also highlighted the risk of investor runs on stablecoins, particularly given that the two largest stablecoins are among the top holders of U.S. Treasury bills. A sudden sell-off of these reserve assets could destabilize U.S. Treasury markets, with potential ripple effects on the euro zone. Additionally, the ECB cautioned that joint issuance of stablecoins by EU and non-EU entities could exacerbate redemption risks, as EU regulations are stricter and investors may prefer EU-issued tokens. This could leave EU issuers with insufficient reserve assets to meet combined redemption demands, amplifying financial instability within the region.
标签： Asia
亚洲
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Philippines suspends classes on November 25 due to tropical depression Verbena
The Philippines has suspended classes across multiple regions on November 25 due to the impact of Tropical Depression Verbena, which made landfall in Bayabas, Surigao del Sur, at 1:30 PM local time on Monday. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) confirmed the storm’s arrival, prompting immediate precautionary measures. Regions affected include Bicol and Western Visayas, where educational institutions have either canceled classes or shifted to alternative learning modalities. Signal No. 1 has been raised in numerous areas across Luzon, Visayas, and Mindanao, indicating potential risks from strong winds and heavy rainfall. Authorities are urging residents to remain vigilant as the storm continues its trajectory. This suspension aims to ensure the safety of students and staff amidst the adverse weather conditions.
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China’s success in development empowers Global South: senior academic
China’s remarkable progress in modernization offers valuable lessons for other Global South nations, enabling them to amplify their influence on the international stage, according to a prominent academic. Justin Yifu Lin, honorary dean of the Institute of South-South Cooperation and Development at Peking University, emphasized that China’s achievements serve as a source of inspiration and confidence for developing countries. Speaking at the Global South Modernization Forum in Beijing, Lin highlighted how China’s four global initiatives empower these nations to strengthen their voice in global affairs. He argued that by adopting China’s development strategies, countries in the Global South can unlock their potential and achieve sustainable growth. The forum, held on Friday, brought together experts to discuss pathways for modernization and international collaboration among developing nations.
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UK allowed arms exports to UAE after being told weapons given to RSF
The British government has come under scrutiny for approving weapons exports to the United Arab Emirates (UAE) despite evidence suggesting that UK-manufactured military equipment was diverted to Sudanese paramilitaries accused of genocide. Reports from last month revealed that British-made small-arms target systems and armored vehicle engines were found in the hands of the Rapid Support Forces (RSF), a militia group implicated in widespread atrocities in Sudan. Middle East Eye (MEE) had previously exposed the UAE’s extensive logistical and military support to the RSF. In March, the UN Security Council, of which the UK is a member, received allegations that the UAE supplied British-made arms to the RSF. Despite this, the UK continued to authorize military exports to the UAE. Official data released last week shows that Britain licensed £172 million ($225 million) in military equipment exports to the UAE between April and June 2024, including £1.9 million in military vehicles and components. Emily Apple of the Campaign Against Arms Trade (CAAT) condemned the exports, stating that the UK government is prioritizing arms dealers’ profits over accountability, despite clear evidence of war crimes in Gaza and Sudan. The Sudanese Armed Forces (SAF) compiled dossiers presented to the UN Security Council, containing images of British-made small-arms target devices recovered from RSF sites in Khartoum and Omdurman. These devices were reportedly manufactured by Militec, a Welsh-based company that has received numerous export licenses since 2013. Political parties and MPs across the UK have called for a suspension of arms sales to the UAE, citing international legal obligations. The RSF’s recent seizure of el-Fasher in Darfur has further highlighted the group’s brutal tactics, with reports of widespread civilian killings, sexual violence, and expulsions. The conflict in Sudan, which began in 2023, has seen the RSF accused of war crimes and genocide by international bodies and human rights groups.
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UK visa rules leave Palestinian scholars in limbo and their children stranded in Gaza
Faten Sweedan, a 30-year-old Unrwa school teacher from Gaza, recalls her 28th birthday on October 7, 2023, as a bittersweet memory. Celebrated just a day before the Hamas-led attack on Israel and the subsequent war on Gaza, her birthday marked the last moments of normalcy before her life was upended. Born on a date now synonymous with the onset of the Gaza genocide, Sweedan’s story is one of resilience amidst unimaginable loss and displacement.
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Etihad Airways to increase seats on route to Tokyo with new A380 service
Etihad Airways has unveiled plans to introduce its Airbus A380 aircraft on its route to Narita, Tokyo, starting June 16, 2026. This strategic move aims to cater to the surging demand for travel between the UAE and Japan, particularly during the peak summer season. The double-decker aircraft will operate flights between Zayed Abu Dhabi International Airport (AUH) and Narita International Airport (NRT), offering passengers enhanced capacity and a premium travel experience. The A380, renowned for its spaciousness and luxury amenities, including the world’s only three-room suite in the sky, will join Etihad’s existing A380 network, which currently serves London, Paris, Toronto, and Singapore. Arik De, Chief Revenue and Commercial Officer at Etihad Airways, emphasized the significance of this expansion, stating, ‘The A380 is ideally suited to this route, given the robust business and cultural ties between the UAE and Japan. This initiative reflects our commitment to meeting customer demand and enhancing connectivity.’ The increased capacity is expected to attract more Japanese travelers to Abu Dhabi, whether as a stopover or a destination in its own right, further strengthening bilateral tourism and economic relations.
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Sharjah clears debts worth Dh73 million in 143 cases to ease burden on citizens
In a significant move to support its citizens, the Sharjah Debt Settlement Committee has cleared debts amounting to Dh73 million across 143 cases. This initiative, directed by Sheikh Dr. Sultan bin Muhammad Al Qasimi, Ruler of Sharjah and Member of the Federal Supreme Council, aims to alleviate financial hardships faced by individuals, including those convicted in financial cases and insolvent deceased persons. Since its establishment in 2014, the committee has processed a total of Dh1.35 billion, benefiting 2,791 citizens. The latest batch of debt settlements, approved as part of the committee’s 29th directive, underscores Sharjah’s ongoing commitment to community welfare and financial relief. This program is specifically designed to assist UAE nationals experiencing genuine financial difficulties, reflecting the emirate’s dedication to social balance and family well-being. Earlier this year, Sharjah Police also released 13 inmates, further demonstrating the emirate’s efforts to strengthen family bonds and promote social harmony.
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Study explains why Chang’e 6 moon soil is unexpectedly sticky
Chinese researchers have unveiled the scientific mystery behind the unexpectedly sticky lunar soil collected by the Chang’e 6 mission from the far side of the moon. Published in *Nature Astronomy*, the study reveals that the soil’s unique texture is due to a combination of extremely fine particles and irregular, jagged shapes. This discovery has significant implications for future lunar exploration and base construction. Led by Qi Shengwen from the Institute of Geology and Geophysics, the team conducted a series of tests, including an ‘angle of repose’ experiment, which demonstrated that the far-side soil behaves more like damp Earth soil than loose, sandy lunar dust. High-resolution CT scans of over 290,000 individual grains revealed that the particles are exceptionally small, averaging 48.4 microns in diameter, and unusually sharp. The researchers attribute this texture to the moon’s violent history of space weathering, including constant micrometeoroid bombardment and solar wind exposure. The findings are crucial for addressing engineering challenges in future lunar missions, such as preventing soil from clogging machinery or damaging equipment. As China accelerates its space program, aiming to land astronauts on the moon by 2030, this research provides a foundation for developing lunar infrastructure and resource utilization.
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Rare Sapria himalayana once again enters blooming period in Yunnan
The elusive Sapria himalayana, a rare holoparasitic flowering plant, has once again entered its blooming period in the Mengla Nature Reserve Rainforest, located in Yunnan province’s Xishuangbanna Dai autonomous prefecture. This marks the third consecutive year the plant has been observed flowering in the area, according to local forest rangers. The plant, classified as a second-class nationally protected species, sporadically emerges from the humus layer of primary rainforests and grows directly from the roots of its host plant, Tetrastigma. Sapria himalayana, the only species of the Rafflesiaceae family found in China, lacks stems, roots, or leaves and cannot perform photosynthesis. It relies entirely on nutrients from its host plant and blooms only during its reproductive period from September to December each year. The consistent appearance of this rare plant underscores the ecological integrity of the Mengla Nature Reserve. Found exclusively in Yunnan and Motuo county in the Xizang autonomous region, Sapria himalayana remains exceptionally rare in China. Due to the absence of established conservation or cultivation technologies for parasitic plants, in situ conservation is the primary method for preserving its population.
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Embassy of Sri Lanka works with travel agencies to promote Sri Lanka tourism in the UAE
The Embassy of Sri Lanka in Abu Dhabi has taken a significant step to promote Sri Lanka as a top travel destination for UAE residents. On November 17, 2025, the embassy hosted a tourism promotion event titled ‘Discover the Magic of Sri Lanka’ at the Bab Al Qasr Hotel in Abu Dhabi. The event brought together key stakeholders, including travel agencies, airlines, media representatives, government officials, and diplomats, to showcase Sri Lanka’s tourism potential. With 4,827 UAE tourists visiting Sri Lanka by October 2025, the embassy emphasized the need to strengthen promotional efforts in the UAE. Aitken Spence Travels, a major supporter of the initiative, highlighted its longstanding partnerships with UAE-based travel agents and contributed to the event with raffle prizes. The event featured opening remarks by Sri Lanka’s Ambassador to the UAE, Arusha Cooray, and a keynote address by Nalin Jayasundara, Managing Director of Aitken Spence Travels. Attendees gained insights into Sri Lanka’s natural beauty, cultural diversity, and unique tourism offerings. Ambassador Cooray underscored the growing cooperation between Sri Lanka and the UAE in tourism and expressed gratitude to all participants. The event concluded with a reception and an interactive Q&A session, fostering discussions on enhanced airline connectivity and new tourism experiences. This initiative underscores Sri Lanka’s commitment to positioning itself as a premier destination for Emirati travelers.