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Joe Biden is sticking to his plan to withdraw US troops from Afghanistan by the tip of the month and is defying worldwide strain, together with from European allies, to permit extra time for evacuations.
The US President’s determination ended days of uncertainty in regards to the August 31 deadline for the US navy to withdraw from the nation. Biden had confronted calls from Britain, France and Germany throughout yesterday’s G7 emergency assembly to increase the mission.
Biden pointed to safety threats from the terrorist group Islamic State Khorasan as one of many principal causes for his determination to refuse an extension. Isis-Ok, as it’s known as, is an Isis member in Afghanistan. White Home nationwide safety adviser Jake Sullivan just lately warned of the group’s risk.
The G7 assembly got here when the Taliban blocked the street to Kabul airport for Afghans, threatening to cease evacuation for these uncovered to reprisals by the Islamist motion.
Extra about Afghanistan:
How exile modified the Taliban: Many years in exile have made the leaders of the militant group extra secular, however they might wrestle to regulate their foot troopers.
Escape from Kabul: Shaqaiq Birashk, advisor on a US-funded Afghan authorities challenge, reveals how a particular forces operation led them to flee the Afghan capital.
Edward Luce: The chaotic nature of the American withdrawal from Afghanistan has left the world – and far of Washington – in confusion, writes our US nationwide editor.
Stay occasion for subscribers solely: Hear FT correspondents and company, together with the previous Afghan central financial institution governor, talk about the Afghanistan disaster at 9:30 a.m. ET as we speak. Right here you possibly can join
5 extra tales on the information
1. Home Democrats put ahead a $ 3.5 trillion spending package deal The 220-212 votes marked a step in implementing Joe Biden’s financial agenda, which requires investments within the U.S. social security web, together with training, childcare and inexperienced power. The legislature will current a extra detailed model of the legislation later this 12 months.
2. T Rowe Prize Fund supervisor reduces publicity to “wealthy” US shares David Giroux, an lively top-rated fund supervisor, has scaled again its publicity to the US fairness market, telling the Monetary Instances: “The [US] Inventory market is wealthy. . . at greater than 20 occasions the revenue for the following 12 months and we’ve got withdrawn. ”Learn the total interview right here.
3. OnlyFans founder blames banks for the porn ban Tim Stokely blamed the “unfair” therapy by banks for forcing him to ban pornography on the platform, a call that sparked an outcry among the many website’s customers and forged doubt on their future.
4th TPG appoints bankers for IPO The non-public fairness group, which manages $ 96 billion in property, has employed Goldman Sachs and JPMorgan Chase to work on an IPO. The group may file IPO paperwork with US regulators as early as September, based on individuals acquainted with its plans.
5. Kamala Harris’ Asia journey delayed by “irregular well being incident” The Vice President’s departure from Singapore has been delayed by an “irregular well being incident” in Vietnam, the place she is slated to land. The State Division has used this phrase many occasions to explain Havana Syndrome, a mysterious illness of unknown origin that has suffered from a number of US diplomats.
Rich international locations are beneath growing strain to take their share of an historic one IMF Support package deal for the world’s poorest economies combating the results of the coronavirus pandemic.
South Korea urges Biden’s authorities to assist Korean corporations achieve entry to mental property for making Covid-19 jabs.
United Kingdom Authorities advisors are anticipated to suggest third Covid-19 vaccine doses for individuals with compromised immune programs beginning in September.
Goldman Sachs would require proof of vaccination from all workers and clients getting into their workplaces subsequent month. Do you assume employers ought to require a Covid vaccination certificates? Inform us in our newest opinion ballot.
In our newest coronavirus enterprise replace, Darren Dodd wrote on how issues within the provide chain are inflicting companies to wrestle to manage. Register for the e-newsletter and comply with our stay coronavirus Weblog.
The day forward
Cybersecurity summit Tim Cook dinner, Satya Nadella and Andy Jassy are among the many chief executives within the know-how, power, banking and insurance coverage industries known as to satisfy with President Joe Biden as we speak. The assembly follows a sequence of excessive profile safety breaches and ransomware assaults in the US.
Deserves Cloud computing firm Snowflake and enterprise software program supplier Salesforce as we speak introduced their second quarter outcomes. The retailer Dick’s Sporting Items additionally experiences its second quarter outcomes.
information The U.S. Division of Commerce will report sturdy items orders for July. The information is anticipated to point out a lower in comparison with a rise within the earlier month.
What else we learn
Wager on hashish US federal legislation nonetheless classifies marijuana as an unlawful substance. Due to this, America’s largest banks have pulled out of serving hashish corporations. However the reduction is essentially because of a small group of monetary companies corporations which have got down to serve the hashish business.
Crypto exchanges are booming, for now Bitcoin’s explosive reputation beforehand turned small platforms into powerhouses producing tens of millions in income every single day. How lengthy can the gold mine final? Asks Eva Szalay.
Cost warfare reveals the burden of the obscure fulcrum of Wall Avenue Broadridge Monetary Options runs the monetary installations that the majority buyers by no means consider. However charges of as much as 25 cents per electronic mail for distributing prospectuses, shareholder experiences, and proxy supplies on behalf of brokers to buyers annoy business executives.
France’s “Fachosphere” feeds right-wing election hopes Nativist social media ideologues are utilizing intercourse attraction and jokes to precise excessive views forward of subsequent 12 months’s French presidential election. Their central message: migration and what they declare is the shortage of integration of foreigners.
Charlie Watts dies at 80 The “rock” of the Rolling Stones has died. He was probably the most well-known drummers in rock music, writes the pop critic Ludovic Hunter-Tilney and was a member of the British band from the beginning. “His taking part in type was simple,” notes Ludovic. “He despised solos, the hallmark of the flashier form of drummer.” Learn the total obituary.
The pandemic has modified the way in which we work and our garments. Robert Armstrong asks: What value will we pay for freedom of clothes?
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