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China's Geely boosts export target as founder warns of 'deglobalization'

Joint military drills between South Korea and US troops went ahead as planned on Monday despite US President Donald Trump's statement that he had ordered them to be scaled back out of respect for North Korean leader Kim Jong-un.

Trump Orders Pentagon to Reduce Military Exercises With South Korea The US president, wanting to penalize Seoul's reluctance to join military efforts against Iran, ordered the Pentagon to substantially reduce joint military exercises. READ MORE

Explosive drones target Iraqi Kurdish PM's office and security chief's residence; no casualties reported.

Iran says Hormuz transit route deal reached with Oman Iran on Monday said it has reached an understanding with Oman on a plan for ships to transit the Strait of Hormuz, with the two sides now working to finalise details and issue a joint statement. Foreign ministry spokesman Esmail Baghaei said “an understanding has been reached regarding the map of the transit route”, adding that the agreement was being prepared as a package including the route map. Details that have previously emerged sugges

India and China are tangled in yet another border dispute, angering locals in the eastern state of Arunachal Pradesh.

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Andrei Klepach, who served as VEB.RF’s chief economist for 12 years, was reportedly fired after the bank’s leadership received a phone call “from above.”
“The nearby utility poles serve as places for them to perch and rest,” Bashan said. “The danger is primarily created by poles with exposed electrical components.”

Al Arabiya reports the U.S. and Iran have agreed to extend the 60-day ceasefire that was set to expire today. No independent confirmation yet.

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US president highlights his good relationship with North Korea's Kim Jong Un, cites costs and Seoul's refusal to join military action against Iran The post Hours before start, Trump orders ‘substantial’ reduction of military drills with South Korea appeared first on The Times of Israel.
Spokesperson of the Sudanese Armed Forces: "Our forces shot down a Chinese-made CH-95 drone operated by the UAE-backed Rapid Support Forces in an air-to-air engagement." https://t.co/2hoDqFb3Wz

Andrei Klepach of VEB said Russia’s economy was falling behind China, US and ‘in some respects Ukraine’ The chief economist at Russia’s second largest bank has been fired after a series of critical comments about the state of the economy, including warnings that Moscow would not win a prolonged economic war with Ukraine. Andrei Klepach, who had served in the role at the state-controlled development bank VEB since 2014, was fired days after Russian media reported on a scathing speech he had deliv

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Cezary Tomczyk, Deputy Minister of National Defence of Poland, has said his country is preparing for a potential war with Russia but hopes it will never happen.

Iraqi Kurdistan leader says Iranian drones targeted his office The prime minister of Iraq's Kurdistan Regional Government, Masrour Barzani, said on Monday that Iranian drones targeted his office and the home of the head of the Kurdistan region’s Security and Intelligence Agency. “Following an investigation by the Kurdistan Counter-Terrorism Unit, my personal office and the home of the head of the Security and Intelligence Agency were targeted by Iranian drone attacks earlier today,” he said in

Donald Trump’s envoy and son-in-law Jared Kushner met with Israeli Prime Minister Benjamin Netanyahu in Jerusalem on Monday, a day after holding a rare meeting with Hamas’ leader in Cairo in a bid to push forward the US president’s Gaza plan. Netanyahu, whose ruling coalition is trailing in Israeli opinion polls ahead of an October national election, publicly rejected this month a US-backed agreement that would see Hamas surrender its arms in exchange for Israel withdrawing from Gaza. Trump had

US President Donald Trump’s call to “substantially” reduce US-South Korea military drills has revived speculation that he is trying to persuade North Korea’s leader Kim Jong-un to attend another summit between them even though Kim has expressed no such interest. Trump’s comments in a social media post on Sunday came as South Korea and the US began their annual Ulchi Freedom Shield exercise on Monday, putting Seoul in an awkward position of defending the alliance while not undercutting his latest
EXCLUSIVE: Sudan Army’s AKINCI drone shot down a Chinese-made CH-95 operated by the UAE-backed RSF terror group in an air-to-air engagement.

Prime Minister Benjamin Netanyahu of Israel has refused to pull back the country’s military until Hamas fully disarms. But the Trump administration is under pressure to show progress.

Israeli airstrikes are targeting Al-Mansouri, Tyre district of southern Lebanon. https://t.co/CNUH63d2p5

Failure to admit migration mistakes is undermining what is left of Europe, Kirill Dmitriev pointed out

IDF artillery shelling against Aitaroun, southern Lebanon. https://t.co/kG5szC6gci

An Ebola outbreak in the Democratic Republic of Congo has now killed 2,325 people, according to government figures. The UN says one person in the country is dying every 30 minutes of the disease.
Russia will be the fifth country Min Aung Hlaing has visited since becoming president, with official trips to India, China, Laos, and, earlier this month, Thailand.

Top stories from the Russian press on Monday, August 17th

Kushner to meet Netanyahu after talks with Hamas leaders US envoy Jared Kushner is set to meet Israeli Prime Minister Benjamin Netanyahu after holding talks with Hamas leaders in Egypt, as Washington seeks to revive a Gaza peace plan endorsed by Hamas but rejected by Israel. Netanyahu has insisted that any settlement must ensure Hamas is “genuinely disarmed”. Kushner, President Donald Trump’s son-in-law, met Hamas’s new leader Khalil al-Hayya in the Egyptian city of el-Alamein on Sunday, AFP re

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EXCLUSIVE: Sudan Army’s AKINCI drone shot down yet another Chinese-made CH-95 drone operated by the UAE-backed RSF terror group in an air-to-air engagement.
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The country’s largest refiner Cnergyico is buying more US crude as Islamabad seeks to diversify the country’s energy supplies after disruption caused by the Iran war exposed its dependence on Gulf routes. Pakistan also wants to increase imports from the US to help narrow its trade surplus and secure reductions in trade tariffs imposed by US President Donald Trump. Cnergyico, which first bought US crude last year, is also considering spot purchases against longer-term contracts with Vitol and ot

[Capital FM] Nairobi -- Senators have given the Ministry of Energy and Petroleum 12 months to develop a framework for establishing a national strategic oil reserve capable of holding at least six months of the country's fuel consumption.

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A Ukrainian missile strike killed six people and wounded another four, including a child, in Russia's border Belgorod region, the acting governor said on Monday. The assault came as Russia targeted port infrastructure in Ukraine's Izmail district in the southern region of Odesa overnight.

Two French diplomats have been barred from returning to their posts at the French embassy in Tehran, accused by Iran of taking part in civil actions during the anti-regime protests. - Reuters

Alexander Stepanov noted that the prolonged at-sea deployment and the inherent vulnerabilities of the ships had taken a toll on the crews

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Wildfires are spreading across Europe, forcing evacuations and causing deaths and major damage. Greece, Spain, Italy, Belgium, Germany and the UK have all battled severe fires, with Croatia also seeing multiple blazes and arrests over suspected arson.

Temperatures could drop by more than 15C compared with last Thursday as cold front moves arrives from Monday Relief from the unrelenting heat is finally arriving this week across western Europe, with more unsettled conditions bringing the chance of rain. Temperatures are expected to fall back towards the seasonal norm, with some parts of the UK even falling about 3C below normal by Thursday. After such a scorching summer, and with a temperature drop of more than 15C compared with last Thursday’s