Israel stepped up air strikes against Hezbollah in southern Lebanon today, as the two sides move closer to an all-out war. They have been exchanging cross-border rocket fire almost daily since Israel's war with Hamas erupted last October, but the conflict has intensified in the past week. WATCH: The exchanges of fire between Israel and Hezbollah are intensifying. Source: Bloomberg Anura Kumara Dissanayake, popularly known as AKD, was sworn in as Sri Lanka's president today after a sweeping electoral win with a vow to reopen negotiations with the International Monetary Fund over a $3 billion bailout that came with unpopular spending cuts and tax hikes. The victory of the leftist showed the depth of frustration with a political elite that triggered the government's first default in its history. South Korea warned of possible military action if North Korea continues to fly trash balloons across the border, a rare direct threat of retaliation since Pyongyang started sending them in May. The latest batch disrupted operations at South Korea's main Incheon International Airport for more than 90 minutes today and came as tensions along the Korean border have grown in recent months. Olaf Scholz's Social Democrats held off the far-right Alternative for Germany and look set to retain power in the eastern state of Brandenburg, sparing the chancellor's party another embarrassing regional election setback. The SPD, which has ruled the state surrounding Berlin since reunification in 1990, secured a narrow victory in yesterday's election with 31%, while the anti-immigrant AfD placed second with 29%. South Africa's elections brought a business-friendly coalition government to power in June, triggering a wave of investment announcements not seen in years. The new leadership, a sudden end to crippling power outages and a decision to allow private participation in key industries are now seen as a chance to reignite growth in Africa's biggest economy after a lost decade and a half. Prime Minister Michel Barnier opened the door to taxing wealthy individuals and large companies to help repair France's massive budget deficit and reassure international investors. President Luiz Inacio Lula da Silva has added artificial intelligence to his list of priorities for Brazil's presidency of the Group of 20 nations this year. Mexico's ruling Morena party elected the second-eldest son of outgoing President Andres Manuel Lopez Obrador, as well as Interior Minister Luisa Maria Alcalde, for key roles in the party leadership. The battle between Harris and Trump over the economy is set to intensify, with the rival presidential candidates planning dueling addresses this week on one of the campaign's defining issues. |
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