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Illustration image. Johan Nilsson/TT 

Climate threatGlobal challenges 

The EU's enormous climate reform hammered out and done  

The EU's Council of Ministers has now said yes to what is said to be the biggest climate reform in the EU's history, writes TT. This means that the EU will now receive new rules for, among other things, emissions trading and a social climate fund that will help companies and people who are financially affected by the transition.  

The positive message from the Council of Ministers confirms last week's vote in the EU Parliament, where the members voted yes by a good margin.  

The only Swedish party that voted no in parliament was the Sweden Democrats.  

Governor of the Riksbank Erik Thedéen and First Deputy Governor of the Riksbank Anna Breman.  

Swedish inflation  

Announcement about the interest rate divides economists: "A new shock is required" 

A new interest rate shock from the Riksbank is necessary to tame Swedish inflation. That's what Swedbank's chief economist Mattias Persson tells TT and SvD Näringsliv. 

He predicts the central bank will raise interest rates by 50 basis points this Wednesday, and follow up with another double hike in June.  

- I am afraid that inflation is more sluggish than many people thought, he tells SvD. 

Thirty economists at Sweden's five largest banks are divided in their views on tomorrow's interest rate announcement, the newspaper's survey shows. Eight believe that the interest rate should be kept unchanged, seven that it should be increased by 25 points, and fifteen that a 50 point increase is required. 

Some warn that the economy could collapse, while others say it is even worse if inflation takes hold.  

Stock photo from Diyarbakir. Emre Tazegul / Ap 

The election in Turkey  

110 arrested accused of connection to terrorist groups 

Turkish police have arrested 110 people accused of links to terrorist organizations, sources told Reuters. The police raid is linked to the elections held in Turkey on May 14.  

Among those arrested are politicians, lawyers and journalists who are allegedly linked to the terrorist-labeled Kurdish guerrilla PKK. Most were reportedly arrested in the city of Diyarbakir, which has a large Kurdish population. 

Opposition politicians in the country react to the information. Tayip Temel, a member of the People's Democratic Party (HDP), writes on Twitter that the government, fearing to lose the election, resorted to arrests again. According to him, around ten politicians have been arrested, including members of the HDP.  

Ban Ki-Moon and junta leader Min Aung Hlaing. AP  

The violence in Myanmar  

The former UN chief urges the junta to end the violence  

Former UN Secretary General Ban Ki-Moon calls on the ruling military junta in Myanmar to take the first step to end the deadly violence in the country, writes Reuters. The statement comes after Ban's meeting with junta leader Min Aung Hlaing and ex-president Thein Sein the other day. 

- With patient determination, I believe that a way forward can be found out of the current crisis. The military must take the first steps, Ban Ki-Moon said in a statement.  

More than 100 people died earlier in April in connection with the military junta's attack on a village in the Sagaing region.