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Donald Trump sweeps to victory in historic comeback

07-11-2024 WASHINGTON: Donald Trump has won the US election and will make a historic return to the White House. The Republican told jubilant crowds in Florida: “America has given us an unprecedented and powerful mandate”. Of the seven crucial swing states, Trump won North Carolina, Georgia, Pennsylvania and Wisconsin, and …

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Protests against Gallant’s sacking dispersed in Israel

07-11-2024 JERUSALEM: Israeli police use skunk water and other extreme measures to disperse protests in Tel Aviv after PM Benjamin Netanyahu dismissed Defence Minister Yoav Gallant. New Defence Minister Israel Katz promises return of captives and the “destruction” of Hamas and Hezbollah. Israel has killed at least 61 Palestinians in …

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Saudi megafund’s success rests on fuzzy local bets

07-11-2024 RIYADH: Saudi Arabia’s main mission is to diversify its heavily oil-dependent economy. But that “Vision 2030” project is undergoing a transition of its own. The kingdom’s $950 billion Public Investment Fund (PIF), tasked by Crown Prince Mohammed bin Salman (MbS) with delivery, is increasingly focused on a collection of …

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Taiwanese suppliers move manufacturing abroad

07-11-2024 HANOI/ TAIPEI: Elon Musk’s SpaceX asked Taiwanese suppliers to transfer manufacturing off the island, leading to some relocating portions of their supply chain, according to sources employed by and close to the equipment makers and corporate documents. A source at a company that is one of the numerous subcontractors …

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German liberals bat away Greens’ peace offering on coalition

07-11-2024 BERLIN: The party leaders of Germany’s increasingly loveless coalition met for more crisis talks on Tuesday but a budgetary compromise that could avert the collapse of Chancellor Olaf Scholz’s government still looked elusive. The ideologically inchoate alliance was thrown into disarray when Finance Minister Christian Lindner’s neo-liberal Free Democrats, …

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