Afghan civilian deaths at record high in 2018

Bloomberg Afghanistan civilian casualties rose 5 percent in 2018 to the highest level in a decade, reflecting an increase of suicide attacks by Taliban and IS militants, according to a United Nations report on the conflict that has dragged on for 18 years. The report showed 3,804 deaths and 7,189 injured, with 63 percent of the casualties blamed on anti-government ...

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France vows to continue fight against Mali’s extremists: PM

Bloomberg France remains committed to fighting militants in West Africa, Prime Minister Edouard Philippe said, two days after French troops killed a prominent extremist leader. Philippe spoke during a visit to Mali, where France has deployed about 3,000 soldiers to hunt militants following a 2012 insurgency that almost led to the collapse of the state. Despite the deployment of more ...

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Epic train ride turns Kim from pariah to statesman

Bloomberg Kim Jong-un’s arrival in Vietnam this week for a second meeting with US President Donald Trump may be most remarkable for how normal it’s becoming. Since opening talks with South Korea last year, the once-reclusive North Korean leader has turned into one of the most sought-after guests in Asia. At each stop — from Beijing to Singapore and now ...

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Manafort ‘brazenly’ broke law for years

Bloomberg Special Counsel Robert Mueller told the judge who’ll sentence President Donald Trump’s former campaign chairman that Paul Manafort “brazenly violated the law” for a decade and presents a “grave risk” of committing new crimes. Manafort, 69, is set to be sentenced on March 13 in Washington, where he pleaded guilty to two conspiracy counts and faces as much as ...

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With eye on votes, Modi doles out cash to farmers

Bloomberg Indian Prime Minister Narendra Modi launched an income support program for small farmers in a bid to woo a key voter base ahead of the general election due by May. The government started distributing the first installment of 2,000 rupees ($28) to farmers who hold as much as 2 hectares (4.9 acres) of land. Under the program, it proposes ...

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Will the US Dreamers ever catch a break?

The “Dreamers” lost again. As you will recall, the Dreamers are illegal immigrants who were brought to the United States as young children. Most have grown up as Americans; sending them back to a country where they barely lived seems a particularly heartless punishment —and self-defeating for the United States if they’re responsible and productive adults. Happily, this is one ...

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What is ailing Europe’s economy?

In the space of just two years, the euro zone has gone from the world economy’s hero to zero. In 2017, the bloc expanded at the fastest rate in a decade, as it benefited from a combination of booming global trade and ultra-easy monetary policy. Now, the currency union has become the prime concern for those who worry about a ...

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HSBC bankers, prepare for lower bonuses

HSBC Holdings Plc is making a promise: Cost control is coming without layoffs. The pledge — laid out by Chief Executive Officer John Flint — may seem like wishful thinking, given the lengthening list of challenges to the bank’s revenue growth. For investors, it means HSBC will have to gin up growth faster than last year’s 5 percent gain, slow ...

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Europe’s junk bonds head for an accident

What happened to Europe’s high-yield bond market? It has been a banner year so far for bond issuance for investment grade companies and governments. But for those with weaker credit ratings, sales are about 60 percent down from the same time last year. This is a worrying sign that financing is shutting off for the borrowers that are most vulnerable ...

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Donald Trump’s car tariffs would hit Eastern Europe

Germany may be the biggest likely victim of any punitive US tariffs on car imports, but the industry’s complex geography means other European countries would also be hurt – and in relative terms, some may take an even bigger hit. Two of them, Italy and Hungary, are run by populist governments with leaders well-disposed towards President Donald Trump. Eight of ...

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