'No role for third parties': India's clear message to Nepal after PM Balen Shah calls for UK, China intervention

• The European Central Bank (ECB) is advancing the euro's global appeal through Project Appia, which aims to develop a next-generation financial infrastructure to increase market efficiency. • To improve cross-border payment systems, the Eurosystem is linking its Target Instant Payment Settlement (TIPS) system with key international partners.

• Mamata Banerjee and Abhishek Banerjee are scheduled to attend a meeting of the INDIA bloc on June 8th. • The event serves as a critical coordination effort for the opposition alliance to align strategies ahead of upcoming political challenges.

• Kathmandu Mayor Balendra Shah, known for his action-oriented and taciturn approach, is the subject of a critical analysis by Shashi P.B.B. Malla. • The piece examines the public perception of Shah, noting that while the Rashtriya Swatantra Party (RSP) received an overwhelming mandate from voters tired of traditional politics, Shah is not a "superhero."

• The United States and China conducted "candid" maritime military safety talks in Hawaii on June 2, 2026. • These high-level discussions focused on reducing the risk of accidental collisions and miscalculations between the two nations' naval forces.

• Mamata Banerjee is leading a two-hour sit-in protest today from 2 pm to 4 pm at the Y-channel in central Kolkata. • The demonstration focuses on urban issues, specifically the demolition of illegal buildings and the eviction of hawkers encroaching on roads.

• West Bengal Chief Minister Mamata Banerjee led a day-long Trinamool Congress (TMC) protest at Kolkata's Esplanade following a historic election loss. • During the demonstration, Banerjee alleged widespread post-poll violence and condemned the alleged assault on her nephew and MP, Abhishek Banerjee.

• Specialist Risk Group (SRG) has appointed Zong Wen Lee as the head of its principal, credit and political risk division in Asia. • The appointment became effective on 6 July, bringing Lee's extensive market expertise and a professional track record from previous roles at JLT, Markel, and WTW.

• Candidates from the Democratic Party of Korea and the People Power Party are making final campaign pushes in the Yongin and Seongnam mayoral races ahead of the June 3 local elections. • In Yongin, Democratic candidate Hyun Keun-taek and People Power Party candidate Lee Sang-il are locked in a fierce battle, with Hyun urging voters to choose a "future-oriented" leader during a Monday press conference.

• On the 2nd, President Lee Jae Myung urged for a doubling of the pace of state administration to achieve a "global super-gap economic power" in his second year. • While the President focused on economic vision, opposition parties suggested his statements may be linked to controversies involving Daejang-dong, Seongnam FC, and North Korea.

• Mainstream centre-left and social democratic governments across Europe are increasingly adopting hard-right policies, including stricter migration enforcement and collective policing. • These parties are implementing these measures, such as those seen in Denmark, to maintain electoral viability and counter the rise of far-right competition.

• The European Union has approved an overhaul of its migration policy focused on increasing deportations and establishing detention centers in non-EU countries. • At least five nations, including Germany, Austria, the Netherlands, Denmark, and Greece, are currently negotiating "return hubs" in Africa based on Italy's existing model with Albania.