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Julius Baer appoints team leader for Asia Switzerland

Reto Buerer has been appointed team leader for Asia and Switzerland by Julius Baer. He is based in Zurich and reports to Christian Capelli, Head of Asia-Switzerland for Julius Baer. Reto brings over two decades of wealth management experience to the bank, with UHNW clients across multiple countries in Asia, as well as Australia and […]

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North Korea may be Russia’s most dangerous ally, says Ukrainian spy chief

The comments were made by the head of Ukraine’s military intelligence service GUR. “They deliver huge amounts of artillery ammunition, which is vital for Russia,” said Kyrylo Budanov. Russia and North Korea have signed a new security pact. After the war in Ukraine, Russia formed a close alliance with China, the world’s second-largest economy, and

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Moscow urges UN, Red Cross to reject Kiev invitation to visit Kursk

Russia has called on the United Nations and the Red Cross to reject an invitation from Kiev to take part in an inspection of areas in Russia’s Kursk region, some of which are partially under the control of Ukrainian forces. “We expect that such provocative statements will not beaccepted by the addressees. This is a

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Trial begins for French citizen accused of illegally gathering military information in Russia

MOSCOW (AP) — The trial of a French citizen arrested in Russia on charges of illegally gathering information on military matters, began Monday but was quickly postponed for a month. Laurent Vinatier, who was arrested in Moscow in June, had previously pleaded guilty, clearing the way for a speedy trial without detailed examination of evidence.

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One of China’s neighbours says it has withdrawn a key patrol ship from the South China Sea after a five-month standoff

According to the Philippine Coast Guard, one of its main patrol vessels had to return home. Spokesman Jay Tarriela said the mission was complicated by damage caused by the Chinese ramming attack. It was part of rising tensions between the Philippines and China in the disputed South China Sea. The Philippines has withdrawn one of

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PwC faces record fine for Evergrande audit in China

PwC’s audit department in China has been suspended for six months and fined 441 million yuan ($62 million) over its audit of now-defunct real estate developer China Evergrande Group. The fines were imposed by the Ministry of Finance of the People’s Republic of China and the China Securities Regulatory Commission on PwC Zhong Tian LLP,

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Putin orders military to increase troop levels by 180,000 to 1.5 million as fighting continues in Ukraine

MOSCOW (AP) — Russian President Vladimir Putin on Monday ordered the country’s military to increase its troops by 180,000 to a total of 1.5 million, as Moscow’s military campaign in Ukraine stretches beyond two and a half years. Putin’s decree, published on the government’s official website, goes into effect on December 1. It sets the

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281 inmates escape after floods collapse prison walls in northeastern Nigeria

FILE – Houses and buildings are partially submerged after a dam collapsed in Maiduguri, Nigeria, Tuesday, Sept. 10, 2024. Some 281 prisoners in northeastern Nigeria have escaped after devastating floods collapsed the walls of a prison, authorities said Sunday. Prison officials discovered the escape as they were about to evacuate the prison in Maiduguri, Borno

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Germany pledges support to neighbouring countries hit by floods

The German government has pledged support to countries struggling with flooding that has hit Central Europe in recent days, with reports claiming 11 lives. “People in our neighbouring countries, our partners in Europe and our own people need to know that we are closely monitoring the situation and are ready to help,” a government spokesman

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UK Trade Secretary wants investment from Gulf

British Trade Secretary Jonathan Reynolds is meeting Saudi Arabian officials on Monday. His trip comes ahead of the government’s International Investment Summit in October, where Prime Minister Keir Starmer will host 300 industry leaders “to boost investment in the UK.” Reynolds wants to strike a trade deal with members of the Gulf Cooperation Council in

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