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Pakistan violated truce deal in Kashmir: India

Bloomberg India said Pakistani forces violated a cease-fire agreement along the Line of Control in Kashmir, and accused its neighbour of failing to take credible action against terror groups. There was shelling with mortars and the firing of small arms by Pakistan in the early hours of Sunday, and India “retaliated befittingly,” according to an Indian defense official. The Indian ...

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Algeria army, people share unified vision: Military chief

Bloomberg Algeria’s people and the army share the same vision for the country’s future, the military chief of staff said on Sunday, in an apparent overture to thousands protesting the re-election bid of the country’s aging president.The military and the people “are partners in one destiny,” General Ahmed Gaid Salah said in his first comments since the biggest protests yet ...

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India announces poll dates as Modi fights to retain power

Bloomberg India will hold elections from April to May to decide whether Prime Minister Narendra Modi wins a second term as leader of the world’s largest democracy. Around 900 million voters — 84 million more than in 2014 — will elect 543 lawmakers to the lower house of parliament, the chief election commissioner Sunil Arora said. Voting will run in ...

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N Koreans vote in rubber-stamp election

Bloomberg North Koreans cast their votes on Sunday in a parliamentary election that comes as leader Kim Jong-un faces mounting pressure to demonstrate his ability to cope with the international sanctions squeezing his country. The regime holds elections every five years to pick representatives to the Supreme People’s Assembly — North Korea’s rubber stamp parliament — with the last one ...

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Yellow Vests hold protests in France for 17th weekend

Bloomberg The 17th Saturday of protests by France’s Yellow Vests passed without major incidents as the movement’s momentum appeared to wane. There were 28,600 protesters throughout France, according to the Interior Ministry, down from 39,300 a week ago and the lowest turnout since the movement began. There were 3,000 protesters in Paris, compared with 4,000. That’s way down from the ...

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The stock buyback battle

The latest pitched battle between Corporate America and its critics involves stock buybacks: Large companies’ purchases of their own shares on the stock market. The aim is to raise share prices and satisfy investors. But the practice has triggered outrage from critics, who argue that the buybacks discourage productive investment, higher wages and worker retraining. Big business is accused of ...

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How Tata can keep its hold on JLR

India’s Tata Group should treat the speed bump at Jaguar Land Rover (JLR) as a timely memo: The $102 billion salt-to-software conglomerate can no longer put off listing its closely held parent. UK-based Jaguar Land Rover Automotive Plc is burning cash on electric-vehicle technology just as the double whammy of a Chinese auto slowdown and Brexit threatens margins and sales. ...

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Let American people see the Mueller report

Michael Cohen’s appearance last week before the House Committee on Oversight and Reform was surely a spectacle. The former personal lawyer to President Donald Trump, who had spent a decade lunging at anyone who threatened Trump’s image or interests, marshaled his own attack on the president’s character and behaviour. Cohen also documented his testimony with financial statements and canceled checks. ...

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China finds a G-7 ally for Belt and Road initiative

The trading relationship between Italy and China goes back a long time. In the 13th century, Marco Polo, a Venetian merchant and explorer, was the first European to leave a detailed chronicle of his experience in the Far East. For centuries, precious fabrics traveled on the Silk Road from China to the Italian cities of Venice and Lucca, where they ...

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