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[Jorge Arbache] Why we still need Wall Street

Investors have no shortage of reasons to diversify away from the United States. America’s public debt is rising, political polarization is deepening, trade policy has become unpredictable, the rule of law is now in doubt and financial sanctions have encouraged other governments to seek alternatives to the dollar. Ye…

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Syrian Druze leader says community is ‘inseparable part of Israel,’ hints at developments in Sweida

DAMASCUS, Syria (The Media Line) - Hikmat al-Hijri, a spiritual leader of Syria’s Druze community, sparked widespread controversy Tuesday after describing the Druze as an “inseparable part of the State of Israel,” marking a significant escalation in his rhetoric toward Israel amid continuing tensions between forces …

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Matan Kahana: Ofer Winter firmly in Netanyahu bloc, Gantz and Troper should unite or quit race

Col. (res.) Matan Kahana, a senior member of the Yashar! party led by Gadi Eisenkot, said on Wednesday that former IDF officer Ofer Winter is "very clearly in the Netanyahu bloc," while calling on smaller parties seeking to replace Prime Minister Benjamin Netanyahu to unite or withdraw from the election race, he tol…

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Analysis: Hubei issues a challenge to Xi Jinping's economic policies

The Hubei Daily on Aug. 17 spoke to "a small group of people," telling them, "The idea of trying to develop behind closed doors is destined to lead nowhere." The hubbub in political circles is that "small group" refers to figures backing Xi Jinping's current policies. (Nikkei montage/Source photos by Yuki Kohara and…

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Democratic-led states renew challenge to Trump plans to restrict mail-in voting

A coalition of Democratic-led states on Wednesday renewed their efforts to block the US Postal Service from implementing President Donald Trump's executive order restricting mail-in voting, seeking to prevent it from imposing new requirements before ballots go out for the November congressional elections.

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Saudi Arabia considers introducing cheaper insurance to increase shipping in Middle East - report

Riyadh is considering a state-backed war and political risk insurance scheme to cover ships operating in the region and recently held talks with brokers in London on the issue, the Financial Times reported earlier this week, citing individuals familiar with the plans.

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Israel extends foreign-passport entry to allow citizens to return home ahead of October elections

Citizens whose Israeli passports have expired will be able to enter the country using valid foreign passports through December 31, after the Population and Immigration Authority accepted a request from MK Gilad Kariv (The Democrats), chairman of the Knesset Immigration, Absorption and Diaspora Affairs Committee, acc…

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Fire haze threatens health of millions in IndonesiaPEKANBARU, Indonesia — Millions of Indonesians risk health complications from exposure to thick haze covering several cities and towns, officials said on Wednesday, as El Niño-fueled wildfires wreak havoc on Borneo and Sumatra islands. The vast Southeast Asian archipelago has, for weeks, battled wildfires that have led to school closures and thousands of people requiring medical treatment, with smoke also reaching neighboring Malaysia and Singapore. Indonesia’s health ministry said 3.4 million people living in seven provinces on Borneo and Sumatra were at risk of respiratory infections due to exposure. In Pekanbaru, the capital of Sumatra’s Riau province, thick smog forced the government to shutter dozens of schools as it urged residents to stay indoors. “The smog gets thicker at night, making Pekanbaru almost like a dead city. A lot of people don’t dare go out. And if they do, they wear masks,” Abdullah, a 38-year-old entrepreneur, told Agence France-Presse (AFP). “My eyes sting so badly. When I go outside, it really feels like breathing in the smoke from freshly burned trash,” added the Pekanbaru resident who, like many Indonesians, has one name. In Jambi, also on Sumatra, 31-year-old homemaker Farida said the haze had already affected her family’s health. “My four-year-old child and I have begun coughing so much, especially when we stay outdoors too long,” she told AFP. “I have trouble breathing.” The Jambi local government has ordered homeschooling for children in kindergarten and elementary school for the rest of the week. The health ministry said it had distributed more than 260,000 face masks to residents of the hardest-hit areas. On Tuesday, President Prabowo Subianto said the government has deployed dozens of helicopters, aircraft, water pumps, and thousands of personnel to battle the blazes. “Now I think it has begun to be brought under control, mitigated. In several places, I believe, and I hope that within the next one to two weeks everything can be resolved,” Prabowo said. Most wildfires are blamed on slash-and-burn practices to clear land for farming. Police said over the weekend they had arrested 72 people on suspicion of starting fires. Fires between January and July burned more than 200,000 hectares of land — an area three times the size of the capital Jakarta, the government said last week. That is already larger than during previous El Niño seasons in 2019 and 2023. The El Niño weather pattern triggers worldwide changes in winds, atmospheric pressure, and rainfall. Muslims in Indonesia, celebrating the birth of the Prophet Muhammad on Tuesday, prayed for rain. Malaysia said it stood ready to help put out fires. Poor air quality in Malaysia’s Sarawak state on Borneo, which it shares with Indonesia and Brunei, led to nearly 600 schools being closed last week. At one point on Wednesday morning, tracker IQ Air ranked the Malaysian capital Kuala Lumpur, the second-most polluted city globally. AFP

PEKANBARU, Indonesia — Millions of Indonesians risk health complications from exposure to thick haze covering several cities and towns, officials said on Wednesday, as El Niño-fueled wildfires wreak havoc on Borneo and Sumatra islands.

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