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US-Taliban deal pushed Afghanistan to collapse: Watchdog

Bloomberg The US deal with the Taliban — forged under President Donald Trump and implemented under President Joe Biden — was “the single most important factor” in the rapid collapse of Afghanistan’s forces as American troops withdrew last year. As in Vietnam decades earlier, the US “spent years and billions of dollars training and equipping” the Afghan National Security Forces ...

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North Korea may launch ICBM in show of strength

Bloomberg Kim Jong-un may be preparing to launch an intercontinental ballistic missile (ICBM) to coincide with US President Joe Biden’s trip to the region, as the North Korean leader battles a Covid-19 outbreak posing one of the greatest crises faced by his regime. Kim looks poised to test launch an ICBM in the next two to four days, CNN said, ...

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BofA investors hoard cash at highest level in two decades

  Bloomberg Investors are piling into cash as the outlook for global growth drops to an all-time low and stagflation worries mount, according to a Bank of America Corp (BofA) fund manager survey that points to continued stock-market declines. Cash levels among investors hit the highest level since September 2001, the report showed, with BofA describing the results as “extremely ...

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