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North Macedonia’s opposition holds strong lead in parliamentary election May 8, 2024 02:43PM

SKOPJE (Reuters) - North Macedonia's right-wing opposition party VMRO-DPMNE held a strong lead in Wednesday's parliamentary elections, with 34% of votes after 23% of votes counted, election commission results showed.

The ruling Social Democrats (SDSM) trailed with 11.55% of votes.

(Reporting by Aleksandar Vasovic; Editing by Edward McAllister)


Blast in north Afghanistan kills three Taliban security personnel May 8, 2024 02:40PM

By Mohammad Yunus Yawar

KABUL (Reuters) -Three Taliban security personnel were killed when a motorcycle carrying an explosive device blew up near a military vehicle in northern Afghanistan being used in opium poppy eradication operations, an interior ministry spokesman said on Wednesday.

Protests have roiled several districts in the northern province of Badakhshan, where farmers object to Taliban security forces' attempts to wipe out opium... (continue reading...)


EU envoys agree to use profits from frozen Russian assets for Ukraine May 8, 2024 02:37PM

By Julia Payne

BRUSSELS (Reuters) - Ambassadors from European Union countries agreed on Wednesday to use windfall profits from Russian central bank assets frozen in the EU for Ukraine's defence, the Belgian government said.

Ministers still need to approve the legal text that will see 90% of the proceeds go into an EU-run fund for military aid for Ukraine, with the other 10% going to support Kyiv in other ways, four EU diplomatic sources... (continue reading...)


US sues Hyundai, Kia finance arm for repossessing service members' vehicles May 8, 2024 02:34PM

By Jonathan Stempel

(Reuters) - The U.S. government on Wednesday sued Hyundai and Kia's American financing arm, accusing it of repossessing vehicles leased by military service members without first obtaining court permission as required by law.

According to a complaint filed in federal court in Los Angeles, Hyundai Capital America violated the Servicemembers Civil Relief Act between 2015 and 2023 by repossessing 26 vehicles whose owners... (continue reading...)


The rise and fall of Bill Hwang's Archegos Capital Management May 8, 2024 02:18PM

By Nupur Anand

NEW YORK (Reuters) - Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on Wednesday for the start of his criminal trial.

Here is a timeline of the fund's blow up - one of the biggest in years - which left global banks with $10 billion in losses:

1996-2001: Hwang, who moved to the United States as a... (continue reading...)


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