Daily flyovers
Latest news for 25 September 2025
Quick hits of consequential news from all corners of the world.
- 01
ARGENTINA
That’s what friends are for.
The US is planning to offer Argentina a $20B swap line and stands ready to buy Argentina’s USD bonds, in an effort to stabilise the Argentinian economy. The announcement comes just weeks ahead of a crucial mid-term vote for President Javier Milei, a close ally of President Trump. (Bessent via X)
- 02
CHINA
Peak storm season.
Typhoon Ragasa—a record‑breaking storm this year—lashed southern China, Hong Kong, and Macau with hurricane‑force winds and flooding yesterday, forcing nearly 1.9 million people to evacuate in Guangdong province. The storm caused significant damage and dozens of fatalities in Taiwan and the Philippines before making landfall near Hailing Island in southern China. (NYT)
- 03
SOUTH KOREA
Church leader arrested.
A court has approved the arrest warrant for the leader of the controversial Unification Church, Han Hak-ja, over allegations that the organisation attempted to curry favour with the former First Lady with expensive gifts. The Unification Church was founded in 1954 and is centred around the belief that its late founder, Moon Sun-myung, was the second coming of Jesus Christ. (Independent)
- 04
EUROPEAN UNION
The EU is too boring even for Europeans.
The Secretary-General of the European Parliament, Alessandro Chiocchetti, has blamed boring speeches and sticking too closely to prepared remarks for MEPs’ low attendance during debates. (Euractiv)
Comment: Chiocchetti is correct.
- 05
NEW ZEALAND
Trusting a Swede to fix things.
New Zealand has appointed a Swede, Anna Breman, as its new central bank governor. Breman, who’ll be the first woman to hold the job, joins the bank at a tough time, amid criticism from the government for mismanaging the economy. (Reuters)
Comment: There’s no doubting Breman’s technical chops, but internal morale at the bank is at an all-time low and, as a foreigner, she’ll have to quickly build local legitimacy. New Zealand’s GDP fell ~0.9 % in Q2.
- 06
MALAWI
Meet the new boss, same as the old boss.
President Lazarus Chakwera has conceded defeat to former President Peter Mutharika (2014-19) in the country’s presidential election. Soon-to-be former President Chakwera has promised to oversee a peaceful transition of power. (Al Jazeera)
Comment: Chakwera’s pledge is great news for the country. Since emerging from the highly repressive regime of its first post-colonial leader, Hastings Banda, in 1994, Malawi has become one of the more democratic and stable countries in Africa.