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America can’t just ignore Haiti’s new crisis

The assassination of Haitian President Jovenel Moise has plunged the Western Hemisphere’s poorest country even deeper into chaos. As its richest and most powerful neighbour, the US should lead outside efforts to help — while being under no illusions about the limits of what’s possible. Haiti’s dysfunction has long resisted outsiders’ efforts. The US has provided more than $5 billion ...

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Resurgence of Taliban raises alarms from Moscow to Beijing

Bloomberg The Taliban’s lightning-fast advance to control more territory in Afghanistan is raising alarms from Russia to China, as US President Joe Biden’s move to withdraw troops disrupts a balance of power in South Asia that has held steady for about two decades. At least 1,000 Afghan troops this week retreated into Tajikistan, prompting the country mobilise an extra 20,000 ...

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Pentagon sees China’s hostile space tech ‘on the march’

Bloomberg China is making sizable, long-term investments in weapons designed to jam or destroy satellites as the nation seeks to rapidly narrow the gap in space technology with the US, according to the top intelligence official for the Pentagon’s Indo-Pacific command. China is pushing to develop antisatellite weapons with capabilities from “dazzling to jamming, to kinetic kill-from-the-ground, from space — ...

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Haiti asks US for troops after president’s assassination

Bloomberg Haiti requested help from US troops to stabilise the country after the assassination of President Jovenel Moise plunged the Caribbean nation into political uncertainty. Prime Minister Claude Joseph confirmed Haiti had requested assistance from the US military to protect infrastructure and prepare for elections in an interview with the Associated Press. Officials from the Federal Bureau of Investigation and ...

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Pro-Zuma protests close parts of South Africa trade route

Bloomberg Violent protests in South Africa linked to the arrest of former President Jacob Zuma forced the closure of a key trade route in the country after trucks were torched and roads blocked. Parts of the N3 Toll Route, linking the province’s Durban Harbour with the nation’s economic hub of Gauteng, remain shut after trucks were set alight on the ...

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Bolsonaro accuses Brazil electoral authorities of stealing votes

Bloomberg President Jair Bolsonaro said, without providing evidence, that Brazil’s highest electoral authorities stole votes in previous elections and will do it again in the 2022 presidential contest unless congress approves his proposal to reintroduce paper ballots. The allegations are the latest in a series of unsubstantiated vote-fraud claims made by the far-right leader. They come just as opinion polls ...

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China’s central bank pivots to easing as growth risks build

Bloomberg China’s central bank cut the amount of cash most banks must hold in reserve, a move that went further than many economists had expected and suggested growing concerns about the economy’s faltering recovery. The People’s Bank of China (PBOC) will reduce the reserve requirement ratio by 0.5 percentage point for most banks, according to a statement. That will unleash ...

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India signals tolerance for higher yields with sale of new bond

Bloomberg India’s central bank set a coupon of 6.10% for the new 10-year bond sale, higher than that of the current benchmark, signaling a slight tolerance for higher yields after months of trying to cap them at 6%. The government sold 140 billion rupees ($1.9 billion) of the new bond as part of a 260-billion rupee sale, the Reserve Bank ...

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BOE asks staff to work one day a week in office

Bloomberg The Bank of England (BOE) will ask staff to come into the office at least one day a week from September as UK companies plot the return of workers following plans to relax guidance to stay at home. Employees at the central bank will be expected to organise regular “team days” in the office, Chief Operating Officer Joanna Place ...

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Citigroup steps up hiring across Africa with bond crown in sight

Bloomberg Citigroup could add close to 100 new employees to its businesses across the African continent as it surges past rivals to reclaim the top spot in arranging debt sales in the region. The New York-based bank has already started filling roles to add muscle to its local operations in anticipation that the headcount in sub-Saharan Africa will swell by ...

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