Austria’s former Chancellor Sebastian Kurz faces perjury charges on Wednesday in a trial set to rake over events that triggered the political downfall of Europe’s then-youngest leader and a rising star on the center-right.

Philippine President Ferdinand Marcos Jr. has suspended the implementation of a law creating the country’s first sovereign wealth fund as one of the state-run lenders providing capital sought regulatory relief from the central bank.

Israel’s central bank underscored the urgency of steadying the shekel following its slide to an eight-year low, shifting expectations among economists and traders who bet on a big interest-rate cut as soon as next week.

Indonesia senior minister Mahfud MD has been named as the running mate of Ganjar Pranowo, one of the leading contenders in the presidential election to be held in four months.

China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach.

A visit to Washington by the European Union’s two top officials later this week was supposed to focus on Ukraine, trade and countering China. But fears that Israel’s conflict with Hamas could turn into a wider war have injected new urgency into the summit.

Asian stocks declined as better-than-expected China data failed to dispel concerns over the country’s economic outlook, while intensifying Middle East tensions kept sentiment in check.