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Anglo American names new chairman

Bloomberg The century-old mining giant Anglo American Plc named Stuart Chambers as its new chairman less than a year after he steered UK chipmaker ARM Holdings Plc through a $32 billion takeover. Chambers, a former chairman at ARM and Rexam Plc, will join Anglo’s board in September and take over the post in November, the company said in a statement ...

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Merkel’s cabinet backs troop withdrawal from Turkey base

Bloomberg Chancellor Angela Merkel’s government backed the withdrawal of German troops from Turkey, escalating a feud between two NATO allies and major trading partners. Germany will seek talks with the US and other allies in the coalition fighting IS in Syria and Iraq to make the transition from Incirlik to a base in Jordan as smooth as possible, Defense Minister ...

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Turkey chooses sides in Gulf row as Erdogan defends Qatar

Bloomberg Turkey’s President Recep Tayyip Erdogan lined up behind Qatar in its feud with Saudi Arabia and regional allies, offering to mediate a resolution of a crisis that has thrown one of the world’s most strategically important regions into turmoil. Categorization of Qatar as a terrorist state won’t help alleviate the problems facing the region which is in need of ...

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IS claims attack on Iran parliament, major shrine

Bloomberg IS claimed its first attack on Iran, as suicide bombers and gunmen struck at the heart of the country’s political and religious establishment on Wednesday. Assailants entered the parliament building in Tehran and the shrine of the Islamic Republic’s founder, Ayatollah Ruhollah Khomeini, to the south of the city. At least two people were killed in the legislature, Tasnim ...

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S Korea halts missile shield deployment

Bloomberg South Korea’s new president is suspending the installation of remaining components of a controversial US missile shield pending an environmental impact assessment, Yonhap News reported, leaving the system incomplete while North Korea steps up its missile development. “We are not saying the two launchers and other equipment that has already been deployed should be withdrawn,” a senior official at ...

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Sessions considers resigning amid tensions with Trump

Bloomberg US Attorney General Jeff Sessions had suggested in the past several weeks he might resign amid a widening rift with President Donald Trump, according to a person familiar with the matter. Sessions has come under fire from the president over his recusal from an investigation of Russian meddling in the 2016 US election, an inquiry that’s now exploring whether ...

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May targets human rights as poll campaign closes on security

Bloomberg Theresa May said she’d be willing to tear up human-rights legislation to combat terrorism in a move the Labour opposition said was an attempt to distract from her cuts to police, as security dominated the closing stages of the UK election campaign. The prime minister and her Labour Party opponent, Jeremy Corbyn, set out on whistle-stop tours of the ...

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Preparing for the next panic – or not

When the next financial crisis hits — an event that may be years or decades away — we will learn whether this Congress and the president drew the right lessons from the 2008-09 financial crisis. Congress is arguing over whether government can avoid ‘bailouts’ of large financial institutions and still prevent a full-blown crisis. With all of President Trump’s trials ...

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Brain drain from Southeast Asia poses obstacle to growth

Nyl Patangan, a nursing graduate from the Philippines, left his native land in search of a better life. Now working in a Chicago hospital after a stint in Dubai, he’s supporting his parents back home and is buying his mother a Toyota Vios. A recent study by the Asian Development Bank shows that the number of immigrants with university degrees ...

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Give US Senate’s blue slips a pink slip

Some government traditions with no legal basis — pardoning turkeys, for example — are silly but harmless. Others are not. Among them is an arcane, century-old practice known as “blue-slipping,” under which a single senator can block a president’s judicial nominee. The country would be better off without it. When the president sends a candidate for the federal bench to ...

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