North Korea warns US drills risk talks Trump restarted

Bloomberg North Korea warned that upcoming US-South Korea military drills could jeopardise new talks, saying that President Donald Trump pledged to suspend such exercises during his last meeting with Kim Jong-un. A spokesman for North Korea’s foreign ministry told state media on Tuesday that regime was monitoring the so-called Alliance 19-2 exercises planned for next month in South Korea. The ...

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Young academic pits himself against mighty warlords in Afghan poll

Bloomberg Casting himself against Afghanistan’s entrenched political elite and powerful warlords, Faramarz Tamanna is looking to galvanise a new generation of voters who have lived through near constant conflict since the American invasion 18-years ago. The 42-year-old academic and chancellor of the University of Afghanistan is pitching his outsider credentials to the country’s war-weary youth and is the youngest of ...

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US needs new bases in Asia to counter China threat: Esper

Bloomberg Mark Esper, President Donald Trump’s nominee for defense secretary, said the US needs more bases “throughout the Indo-Pacific region” to counter China’s “significant technological advancements.” “Alternate operating locations” will be sought as the Pentagon works “to develop new concepts, build a distributed and resilient force posture and field new capabilities to counter these threats,” Esper, who had been serving ...

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Brexit talks get hostile, EU mulls sweeteners

Bloomberg A meeting of chief Brexit negotiators was one of the most difficult encounters of the last three years, according to European officials, who are bracing for talks to become more hostile under the next British government. The EU side is weighing up possible concessions it could offer the UK to avoid a chaotic no-deal Brexit, according to European officials ...

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Death threat led police to missile seizure: Salvini

Bloomberg Deputy PM Matteo Salvini said that a probe into a plot by Ukranians to kill him led to the seizure of an air-to-air missile in the northern city of Turin. Police detained an alleged neo-Nazi and two other suspects in an investigation into weapons trafficking that uncovered the missile, authorities said in a statement. “The secret services alerted me ...

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Like it or not, Democrats, Donald Trump is on a roll

The agonizing fact for Democrats this summer is that President Trump appears to be gaining ground on domestic and foreign policy, while his potential challengers are quarreling and mostly spinning their wheels. Trump is defying Congress, taunting allies and ignoring court rulings he doesn’t like — and seemingly getting away with it. Thursday’s anticipated executive order adding a citizenship question ...

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Brexit investors shun UK assets

Since the UK decided more than three years ago to leave the European Union, the nation’s savviest investors have succeeded by putting their money where Brexit matters least. Uncertainty about the date of Britain’s departure (now pushed back to October 31) and the terms of the divorce has meant purging the UK from their holdings or limiting them to investments ...

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South Korea birthrate collapse to hit growth

In 1960, South Korea had a total fertility rate of more than six children per woman, high enough to cause a population explosion. But as the country developed, this number dropped decade by decade: A country needs a fertility rate of about 2.1—a little more than one child per parent — to maintain long-term population stability. South Korea’s fertility is ...

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China’s private firms still not getting enough credit

China’s new GDP numbers show that the world’s second-biggest economy is growing more slowly than at any time since the early 1990s. Chinese leaders know what they need to do to arrest the slide: pump more credit into private companies, which generate the majority of jobs and growth. The fact that growth isn’t picking up regardless of their efforts would ...

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US antitrust boss is playing kingmaker in T-Mobile deal

Bloomberg Makan Delrahim, the US Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc and Sprint Corp that he can pitch as a win for consumers. Here’s how he may do it. If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp enough airwaves, prepaid ...

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