News in Brief
China to curb 'disruption' in currency market
AFP – China's central bank said on Monday it would crack down on speculation that distorts the value of the yuan as the country's currency sees persistent volatility.
The People's Bank of China said in a statement Monday that it had convened a "special meeting" to discuss "the recent situation in the foreign exchange market and issues around the exchange rate of the renminbi", the official name for the yuan.
Russian oil grabs bigger slice of Czech imports
REUTERS – Russian crude accounted for a bigger slice of the Czech Republic's oil imports in the first half, state oil pipeline operator MERO said on Monday, despite the country's plan to wean itself off Russian supply.
Russian oil accounted for 65% of total imports, up from 56% for the full year in 2022 and from 49% in 2021.
The Czech Republic imports oil through the Druzhba pipeline via Ukraine and through the IKL pipeline which links to the TAL pipeline in Germany.