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US seeks to sidestep Taliban in $3.5 billion Afghan aid plan

Bloomberg The US will put $3.5 billion in Afghanistan’s central bank reserves under the control of a Swiss-based oversight board to pay for limited financial services in the country while ensuring the Taliban regime doesn’t get access to the money, the US Treasury Department said. The funds, which the US froze after the Taliban takeover of Afghanistan last year, will ...

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Zelenskiy visits largest city reclaimed from Russia

Bloomberg Ukrainian President Volodymyr Zelenskiy visited the newly recaptured city of Izyum on Wednesday, an appearance that underlined the stunning success of a counteroffensive against Russian forces in the country’s northeast. The unannounced visit appeared to belie claims from Moscow that parts of Izyum, which had been a critical staging post for Russian weapons and troops fighting in the eastern ...

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Xi returns to world stage with Putin to counter US global order

  Bloomberg In the almost 1,000 days since Xi Jinping last ventured abroad, China has found itself increasingly isolated within the US-led world order. He’s finally reemerging this week alongside Russia’s Vladimir Putin to showcase his vision for a viable alternative. Xi and Putin this week are expected to hold their first in-person chat since Russia invaded Ukraine, showing that ...

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Philippines ramps up protests against China with Marcos in power

  Bloomberg In just over 70 days under President Ferdinand Marcos Jr., the Philippines has lodged 52 protests against Beijing over the South China Sea, signaling pushback from the new government amid an ongoing territorial dispute. The diplomatic protests were filed due to China’s “incursions” and “illegal presence” in the South China Sea, including the conduct of maritime scientific research, ...

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Slovak ruling party rejigs cabinet, clings to power

  Bloomberg Slovakia’s ruling party pushed through a cabinet reshuffle as it seeks to hold on to power without a majority after a rival party abandoned the coalition this month. Prime Minister Eduard Heger’s minority coalition was expected to face a test on Tuesday to muster enough lawmakers to open Slovakia’s parliamentary session. Richard Sulik, who served as economy minister, ...

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Russia strikes power plants as Ukrainian forces extend gains

Bloomberg Russia hit power plants deep behind Ukrainian lines, causing blackouts across the northeast of the country as Kyiv’s forces pressed a lightning offensive that’s reversed months of Moscow’s advances. More than 30 settlements, including Kramatorsk and Dnipro, suffered Russian missile and air strikes over the past day, Ukraine’s General Staff said in its regular update on Facebook Monday. Kharkiv ...

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Sweden heads for new political era as right wing nears win

Bloomberg Sweden’s coalition of right-wing parties looks set to secure a narrow victory in a general election that promises to rewrite the political map in the Nordic region’s biggest country. The likely victory hinged on the rise of the anti-immigrant party, the Sweden Democrats, which saw the biggest gains of any of the parties on Sunday and now makes them ...

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King Charles III pledges to uphold UK’s parliament democracy

  Bloomberg King Charles III vowed to uphold parliamentary democracy and follow the “selfless duty” of his mother, Queen Elizabeth II, in a key address at Westminster Hall that offered a glimpse of how he intends to carry out the role of monarch. Receiving messages of condolences from the Speakers of the House of Commons and the House of Lords, ...

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Russian defenses crumble as Ukraine retakes key territory

  Bloomberg Ukraine’s forces continued their rapid advance in the Kharkiv region on Sunday, exploiting an extraordinary collapse of Russian defenses and raising the question of how far they can go. Unconfirmed reports overnight suggested Kyiv’s troops had taken Velykyi Burluk, a town about 90 kilometers (56 miles) east of Kharkiv and not far from the Russia-Ukraine border. The town ...

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Queen’s funeral set for September 19; Charles takes the throne

Bloomberg Queen Elizabeth II, Great Britain’s longest-serving monarch, will be laid to rest on Sept. 19, Buckingham Palace announced, hours after her son was officially proclaimed King Charles III. The funeral, which will be designated a national holiday, will be held at Westminster Abbey in London, the Palace said in a statement. Over the course of the next week, the ...

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