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Draghi faces coalition turmoil

  Bloomberg Mario Draghi is facing the biggest coalition turmoil since he became Italy’s prime minister in 2021, just as he sets out for a week of back-to-back international summits that will focus on Russia’s war in Ukraine. Foreign Minister Luigi Di Maio, one of the highest-profile members of Draghi’s cabinet, on Tuesday acrimoniously quit the Five Star Movement that ...

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China sends ‘sortie of warplanes’ after US rejects claims over Taiwan Strait

  Bloomberg China sent its third-largest sortie of warplanes towards Taiwan this year, after the US rejected Chinese claims over the Taiwan Strait and reports of arms sales talks with Taipei in Washington. Twenty-nine Chinese aircraft, including six H-6 bombers and an electronic intelligence gathering plane, entered Taiwan’s southwestern air defense identification zone Tuesday, according to a tweet from the ...

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Brexit has made UK less competitive, study finds

  Bloomberg Brexit has reduced the competitiveness of the British economy, with alarming implications for productivity and wages, according to the Resolution Foundation. The research firm said a loss of openness since Britain left the European Union is set to leave the country poorer in the coming decade, with advanced manufacturing and parts of northern England dealt the heaviest blow. ...

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