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Russian ‘Trojan horse’ bank stokes unease in Hungary

Budapest, Hungary | AFP | Called “Putin’s Trojan horse” by Hungarian opposition politicians, a small Russian-dominated bank in Budapest has sparked unease ahead of Russian President Vladimir Putin’s visit to the capital Wednesday. The International Investment Bank (IIB) officially completed the move of its headquarters to Budapest last month. But concerns …

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IS chief Baghdadi buried at sea by US military

Washington, United States | AFP | US officials have said the body of Islamic State group chief Abu Bakr al-Baghdadi was buried at sea, as fresh details surfaced about the US special forces operation that led to his death over the weekend. Syrian Kurds claimed to be a key source of …

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UK PM to push again for election after EU backs Brexit delay

London, United Kingdom | AFP |  The British Prime Minister is expected to make a fresh attempt Tuesday to force an early election, despite MPs rejecting his plan, after the European Union agreed to postpone Brexit for up to three months. MPs defeated a third attempt on Monday by Boris Johnson …

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Romania, Hungary recruit in Asia to fill labour shortage

Bucharest, Romania | AFP |  Sporting yellow safety helmets, about 30 men are busy at work on a construction site south of Bucharest, exchanging a few words in Vietnamese. Faced with a growing labour shortage which threatens their economies, Romania and Hungary are courting Asian workers, going against Hungarian nationalist Prime …

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Ciao, Mario: ECB’s Draghi hands baton to Lagarde

Frankfurt am Main, Germany | AFP | ECB chief Mario Draghi bows out Monday, passing the baton to former IMF head Christine Lagarde whose first task will be to heal rifts among policymakers. The man credited with saving the euro during his eight-year tenure at the European Central Bank will be …

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Unemployment fuels unrest in Arab states: IMF

Dubai, United Arab Emirates | AFP | Unemployment and sluggish economic growth are fuelling social tension and popular protests in several Arab countries, the International Monetary Fund said Monday. The unrest is in turn contributing to slower growth in the Middle East and North Africa (MENA) region, alongside global trade tensions, …

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Johnson pushes for poll as EU prepares Brexit delay

London, United Kingdom | AFP |  British Prime Minister Boris Johnson will make a fresh push today for an early election as EU leaders prepare to back yet another Brexit delay, just days before the departure deadline. Johnson was forced to abandon his promise to leave the European Union on October …

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