... in the new Designer: "Error fetching manifest"

Use a different environment region (temporary bypass).
Create/run the flow in an EU/Europe (or another working) region: the Power BI actions load there because the connector manifest resolves correctly. Microsoft’s own guidance confirms envs are region-bound, so cross-region behavior like you observed is expected.
Skip the connector; call the Power BI REST API via HTTP.
All the Power BI actions you need map to REST calls and work regardless of the connector UI
Run a query against a dataset → POST https://api.powerbi.com/v1.0/myorg/datasets/{datasetId}/executeQueries (body contains your DAX).
Refresh a dataset → POST https://api.powerbi.com/v1.0/myorg/datasets/{datasetId}/refreshes.
Refer this : https://community.powerplatform.com/forums/thread/details/?threadid=affdbf01-e884-f011-b4cb-6045bdda2e5f
In your flow, add HTTP:
Auth: Use Entra ID (service principal) and enable the tenant setting “Allow service principals to use Power BI APIs”; grant the app access to the workspace.
Body example (executeQueries):
(Send with Content-Type: application/json and a Bearer token.)
Useful context / proof:
Multiple users report “Error reading manifest” specifically for Power BI actions in certain regions (e.g., UK); existing flows may even run but the designer still errors.
Separate thread shows Switzerland tenants seeing similar “Error fetching manifest” behavior for other connectors (Dataverse), reinforcing this is regional backend rather than your flow.
If you want to track whether it’s an active Microsoft incident for your geo, check service-health notes (there have been recent Power BI incidents scoped to Switzerland).