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Tag: WSJ-PRO-WSJ.com

  • Moldova’s Pro-Europe Party Claims Victory Over Russia-Backed Coalition 

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    Moldova’s ruling pro-European party claimed victory Monday in parliamentary elections that became a referendum on its efforts to pull the former Soviet republic away from Moscow and closer to the West. 

    Ahead of the ballot, President Maia Sandu said Russia had spent the equivalent of hundreds of millions of dollars to buy votes and accused the Kremlin of carrying out a massive disinformation campaign to scare voters into the arms of Moscow-backed parties. Russia has denied election interference.

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    Thomas Grove

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  • Taliban Release American Amid Talks With U.S. on Ties

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    Afghanistan’s ruling Taliban released a U.S. citizen from custody, a display of goodwill by Kabul that comes when the country is in broader economic and political talks with the Trump administration.

    On Sunday, the Taliban released Amir Amiri, making him the fifth American to be released from Afghanistan this year. The talks, which were led by U.S. envoy for hostage affairs, Adam Boehler, were mediated by Qatar. Qatar enjoys a close security relationship with Washington and has been integral to the release of detained Americans.

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    Tripti Lahiri

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  • Russia’s Ambitious Plans in Africa Are Unraveling

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    Russia, not long ago a rising military force in Africa, is now struggling to maintain its footprint on the continent.

    The Kremlin’s new official guns-for-hire military force, the Africa Corps, has failed to replicate the financial success and political sway once held by Russia’s private Wagner Group mercenary outfit. And some of Wagner’s own African ventures have unraveled since 2023 when its founder, Yevgeny Prigozhin, rebelled against President Vladimir Putin and then died when an explosive device blew the wing off his plane at 28,000 feet. 

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    Benoit Faucon

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  • Opinion | The Cure for the Run on the Argentine Peso

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    Milei promised to dollarize and close the central bank. What is he waiting for?

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    Mary Anastasia O’Grady

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  • Exclusive | Why U.S.’s Trade Pact With South Korea Has Gotten Messier

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    President Trump’s trade deal with South Korea is on shaky ground, with Commerce Secretary Howard Lutnick taking a tough line in talks as some Seoul officials privately argue to allies that the White House is moving the goal posts.

    Lutnick, in recent conversations with South Korean officials, has discussed with Seoul the idea of slightly increasing the $350 billion they had previously guaranteed to the U.S. in July and suggested the final tally could get a bit closer to the $550 billion pledged by Japan, according to people familiar with the discussions, including an adviser to South Korea’s government.

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    Brian Schwartz

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  • Denmark Says New Drone Flights Over Military Base, Airports Are ‘Hybrid Attack’

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    Denmark said it had suffered a hybrid attack by a professional actor after drones were observed over several airports late on Wednesday, the second time in less than a week that unmanned aircraft have disrupted air traffic in the Nordic nation, a NATO member.

    Drones were spotted over at least four airports in the western part of the country, including a military air base housing most of Denmark’s F-16 and F-35 jet fighters. 

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    Sune Engel Rasmussen

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  • Rheinmetall to Build Ammunition Plant in Latvia

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    Rheinmetall plans to build an ammunition plant in Latvia, as part of its efforts to ramp up production to respond to increasing demand from North Atlantic Treaty Organization’s member states.

    The German arms maker signed a preliminary deal in Hamburg on Thursday for the construction of a new 155mm ammunition factory in the Baltic country, helping Latvia to boost its deterrence vis-a-vis Russia.

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    Cristina Gallardo

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  • Milei Fixed Half of Argentina’s Inflation Problem. He Needs Help With the Rest.

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    Two years ago, Argentines elected the radical libertarian Javier Milei as president with a mandate to fix the country’s chronically high inflation.

    The odds didn’t look good. Previous presidents had failed to address one of inflation’s root causes: government deficits. Without access to capital markets, Argentina often turned to the central bank to finance its deficits by printing money. Efforts to rein in spending were stymied by resistance in Congress and by the public.

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    [ad_2] Greg Ip
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  • Milei Is Counting on Trump to Bail Argentina Out of an Economic Mess

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    Argentine President Javier Milei is staking the future of his free-market overhaul on his relationship with President Trump, who stopped short of promising a bailout for Argentina but issued an unusual political endorsement of the leader in coming elections.

    “We’re going to help them,” Trump told reporters Tuesday after meeting with Milei on the sidelines of the United Nations General Assembly gathering of world leaders. “If he can continue to do the job that he’s been doing, it’s going to really be something special.” 

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    [ad_2] Ryan Dubé
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  • Jonathan Clements, Longtime WSJ Columnist, Dies at 62

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    Last fall, Jonathan Clements, author of The Wall Street Journal’s long-running personal-finance column, “Getting Going,” wrote a gut-wrenching article for the Journal about his terminal cancer diagnosis.

    Jesting at his own impending death, he proposed to the article’s editors that the headline should be “Getting Gone.”

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    Jason Zweig

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  • Kenya Uses U.S.-Funded Antiterrorism Courts for Political Crackdown

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    NAIROBI, Kenya—The Kenyan government is using special antiterrorism courts—established with U.S. money to combat al Qaeda—to threaten political dissidents with decades in prison.

    Prosecutors have charged 75 Kenyans with terrorism in recent weeks, the majority for allegedly destroying government property during street demonstrations against President William Ruto.

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    Caroline Kimeu

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  • The Black Market for Oil Blunts Trump’s India Tariffs

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    Based on what’s happening in the black market for oil, the White House’s new import levy on India is backfiring.

    President Trump last week doubled India’s tariff rate to 50% to punish it for buying sanctioned Russian oil. Indian refineries have become major buyers of Moscow’s crude since the war in Ukraine began.

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    Carol Ryan

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  • Vanguard Won’t Offer Spot Bitcoin ETFs on Its Platform

    Vanguard Won’t Offer Spot Bitcoin ETFs on Its Platform

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    Updated Jan. 11, 2024 3:06 pm ET

    Bitcoin’s trip to Main Street just took a detour.

    Vanguard said Thursday it won’t offer the new spot bitcoin exchange-traded funds on its brokerage platform.

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  • SEC Approves Bitcoin ETFs for Everyday Investors

    SEC Approves Bitcoin ETFs for Everyday Investors

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    Updated Jan. 10, 2024 5:56 pm ET

    The U.S. Securities and Exchange Commission voted Wednesday to allow mainstream investors to buy and sell bitcoin as easily as stocks and mutual funds, a decision hailed by the industry as a game changer.

    The SEC decision clears the way for the first U.S. exchange-traded funds that hold bitcoin to be sold to the public. Expectations of U.S. regulatory approval for such funds drove the price of bitcoin to the highest level in about two years. The digital currency fell to just below $46,000 late Wednesday, up from $17,000 in January 2023.

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  • WSJ News Exclusive | Hewlett Packard Enterprise Near Deal to Buy Juniper Networks

    WSJ News Exclusive | Hewlett Packard Enterprise Near Deal to Buy Juniper Networks

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    Updated Jan. 8, 2024 6:31 pm ET

    Hewlett Packard Enterprise is in advanced talks to buy Juniper Networks for about $13 billion, in a bid to better position the nearly 100-year-old technology company in the era of artificial intelligence. 

    A deal between the two companies could be announced as soon as this week, according to people familiar with the matter, assuming the talks don’t fall apart. 

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  • Shale Is Keeping the World Awash With Oil as Conflicts Abound

    Shale Is Keeping the World Awash With Oil as Conflicts Abound

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    Updated Jan. 1, 2024 12:05 am ET

    A surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of widening conflict in the Middle East that has crimped key shipping lanes. 

    When Iranian-backed Houthi militants began launching missiles and drones at ships crossing the Red Sea near Yemen in October, many feared disruption to the vital shipping lane would drive up energy prices. But oil and gas prices this past month have sunk about 5% and 23%, respectively. 

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  • Nokia Cuts Operating Margin Guidance Amid Challenging Market

    Nokia Cuts Operating Margin Guidance Amid Challenging Market

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    Updated Dec. 12, 2023 2:54 am ET

    Nokia cut its operating margin guidance, with market conditions in its mobile networks business remaining challenging due to falling operator spending and the Indian market normalizing after a period of rapid 5G roll-outs.

    The Finnish telecom equipment maker said Tuesday that it now targets a comparable operating margin target of at least 13% by 2026, from at least 14% previously.

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  • WSJ News Exclusive | Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

    WSJ News Exclusive | Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

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    Updated Dec. 10, 2023 4:47 pm ET

    Cigna Group abandoned its pursuit of a tie-up with Humana after shareholders balked at a deal that would have created a roughly $140 billion giant in the health-insurance industry.

    The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning its focus toward smaller, so-called bolt-on, acquisitions.

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  • A New Era of Income Investing Is Turning Boomers Into Bond Buyers

    A New Era of Income Investing Is Turning Boomers Into Bond Buyers

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    When it comes to the baby boomers’ run of investing luck, timing has been on their side. 

    Decades of stellar stock-market returns produced by a series of bull markets that began in 1982 coincided with boomers’ prime working years and made their nest eggs grow.

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  • Cigarette Giant BAT Sees $31.5 Billion Write-Down on U.S. Brands

    Cigarette Giant BAT Sees $31.5 Billion Write-Down on U.S. Brands

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    Updated Dec. 6, 2023 5:14 am ET

    British American Tobacco expects a one-off impairment of $31.5 billion this year due to pressure on some of its traditional cigarette brands in the U.S., as it shifts focus to smokeless products.

    The FTSE 100 cigarette maker—which houses the Kent, Dunhill and Lucky Strike brands among its portfolio—said macroeconomic pressures on its traditional cigarette business performance in the U.S. and investments in its noncombustibles business would lead to an accounting noncash adjusting impairment charge of around GBP25 billion.

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