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TOKYO :Japan’s Nikkei share gauge surged past the 46,000 level for the first time on Monday after fiscal dove Sanae Takaichi was elected to lead the ruling party and become the next prime minister.The Nikkei 225 Index jumped 2.8 per cent to 47,061.07 in early trade, while the broader Topix was up 2.1 per cent.The yield on the two-year Japanese government bond fell 5 basis points (bps) to 0.89 per cent, reflecting expectations of later rate hikes by the central bank. The yen slid more than 1 per cent against the dollar and euro.Takaichi, 64, was considered to have the…

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US PRESIDENT Donald Trump said on Sunday that a previously announced Ultimate Fighting Championship event at the White House will take place on June 14 next year, which will be the president’s 80th birthday.He made the announcement during a speech at Naval Station Norfolk to mark the upcoming 250th anniversary of the US Navy.Trump in July had announced that a UFC event would take place at the White House in 2026, but did not give a date.He counts UFC President Dana White as a close friend and considers fans of the sport part of his political base, although their ties…

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The Tories will pledge to make even further cuts to the foreign aid budget, as the party attempts to regain its reputation for fiscal responsibility in the wake of the Truss mini-budget.Shadow chancellor Sir Mel Stride will unveil plans to cut overseas development aid to 0.1% of Gross National Income (GNI), down from the current 0.3%, cementing a sea change in the Conservative Party’s position on international aid. In his keynote speech to the party conference in Manchester, Sir Mel will claim that his plans can save £47bn over the next parliament, which include cuts to welfare, the civil service,…

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Even as the rich to move money and citizenship abroad, Vietnam is trying to lure talent back home [HO CHI MINH CITY] After being detained for 30 months, Vietnamese property tycoon Nguyen Phuong Hang – famed for her livestream exposes of celebrities and businessmen – relocated to Cyprus, a jurisdiction that in the past decade has become known for granting citizenship and residency to global investors.Referring to her detention, the 54-year-old, who has repeatedly talked about emigration in the past year, said: “I no longer have any reason to live in Vietnam. It was the last straw.” “I’m leaving to…

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