Measures to halt inflows of capital from abroad should be used only if other options fail and central banks must eventually prepare to reverse unconventional monetary policy, said Switzerland’s Finance Minister Eveline Widmer-Schlumpf.
Tajikistan, which will host a United Nations summit on international water in August, is negotiating with neighbors to end a feud in the Amu Darya River basin where it plans to build the tallest hydroelectric dam.
Tethys Petroleum Ltd. expects Tajikistan to approve its venture with Total SA and China National Petroleum Corp. this quarter, speeding up exploration in an area that may hold more oil and gas than the North Sea.
Russian President Vladimir Putin will visit Tajikistan to sign accords on defense cooperation, migration and energy with the former Soviet state that borders Afghanistan and China, according to Putin’s foreign policy aide.
Europeans are the world’s biggest smokers and drinkers, according to a World Health Organization report that says higher prices on cigarettes and alcohol in the region may help curb the death and disease they cause.