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The shortage of mental-health services was underscored during the pandemic as more people sought help dealing with the upheaval it caused. Many sufferers of mental-health issues can’t find the help they need. More than a third of the U.S. population, about 130 million people, live in areas that have a dearth of mental-health workers. Residents of underserved areas have roughly a quarter of the providers they need, in aggregate, the Kaiser Family Foundation says. The shortage is even more acute in rural areas.
Organizations: Kaiser Family Foundation, U.S ., Finance, Health Resources, Services Administration
The ideas pushed by Kimmeridge include divesting California Resources' Huntington Beach acreage in Orange County, which it believes could fetch around $800 million if sold for conversion to residential real estate, according to the sources. Register now for FREE unlimited access to Reuters.com RegisterKimmeridge has also told California Resources it should focus more on its nascent carbon capture and sequestration business (CCS). California Resources was not immediately available for comment. Much of California Resources' oil and gas comes from older wells which have low-but-steady production. California Resources was formed in 2014 after Occidental Petroleum Corp (OXY.N) spun off its California business into a separate entity.
Persons: Lucy Nicholson, Kimmeridge, David French, Daniel Wallis Organizations: REUTERS, Kimmeridge Energy Management Company, California Resources Corp, California Resources, Kimmeridge, Brookfield, Occidental Petroleum Corp, Thomson Locations: Los Angeles , California, U.S, California, divesting California, Huntington Beach, Orange County, Brookfield, New York
Morning Bid: Chill from the East
  + stars: | 2022-08-15 | by ( ) www.reuters.com   time to read: +3 min
People walk by the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 9, 2021. REUTERS/Andrew Kelly/File PhotoAug 15 (Reuters) - A look at the day ahead in U.S. and world markets by Mike Dolan. But in a year of hawkish central banks, it's also a reminder that interest rates can go down as well as up. A big question this week now is whether the red hot U.S. labour market and ebbing mortgage rates helped the domestic U.S. economy weather the chill from overseas. July readouts on retail - both national sales as well as from firms such as Walmart and Target - and housing dominate the week.
Persons: Andrew Kelly, Mike Dolan, it's, Brent, China's, Christopher Waller, Kirsten Donovan Organizations: New York Stock Exchange, REUTERS, Reuters.com Register China, Saudi, Treasury, Walmart, Target, Fed, Thomson Locations: Manhattan , New York City, U.S, Japan, Saudi, New York, China
WNBA star Brittney Griner's defense team has filed an appeal against her conviction on drug charges in Russia, nearly two weeks after she was sentenced to nine years in jail by a Moscow court. Her lawyer Maria Blagovolina said Monday the defense team had filed the appeal, in a statement via the Telegram messaging app. The move, which was widely expected, comes as Russia and the United States discuss a potential prisoner swap that would secure Griner's release. The American basketball player was arrested at a Moscow airport on Feb. 17 after authorities said they found cannabis-infused vape cartridges in her luggage. She was sentenced on Aug. 4 to 9 years in Russian prison after being found guilty of drug possession and smuggling, after making an emotional final plea for leniency.
Persons: Maria Blagovolina, Griner, Paul Whelan, Viktor Bout Organizations: U.S Locations: Russia, Moscow, United States, American, U.S, Russian
FILE PHOTO - A pump jack is seen surrounded by steam during sunset at a PetroChina's oil field in Karamay, Xinjiang Uigur Autonomous Region January 5, 2011. Brent crude futures fell $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% lower on Friday. U.S. West Texas Intermediate crude was down $3.32, or 3.61% at $88.77, after a 2.4% drop in the previous session. Oil supply could rise if Iran and the United States accept an offer from the European Union to revive the 2015 nuclear deal, which would remove sanctions on Iranian oil exports, analysts said. Adding to bearish sentiment, Saudi Aramco stands ready to raise crude oil output to its maximum capacity of 12 million bpd if requested to do so by the Saudi Arabian government, Chief Executive Amin Nasser told reporters on Sunday.
Persons: Stringer, Hossein Amirabdollahian, Amirabdollahian, Brent, Tamas Varga, Amin Nasser, Florence Tan, Jason Neely Organizations: REUTERS, Saudi Aramco, LONDON, Brent, . West Texas, ING, European Union, bbl, Thomson Locations: Karamay, Xinjiang Uigur Autonomous, Saudi, Gulf, Mexico, Iran, China, United States, U.S, Washington, Fars, Saudi Aramco, Saudi Arabian, Louisiana, Singapore
The Rio Tinto logo is displayed on a visitor's helmet at a borates mine in Boron, California, U.S., November 15, 2019. read more"Engagement between the parties has not resulted in a consensus on value and price or in any improved proposal from Rio Tinto," Turquoise Hill said in a statement. Toronto-listed Turquoise Hill has a market capitalisation of $5.3 billion. In May, the Canadian company said Rio Tinto would provide an interim debt funding of up to $400 million. Rio's offer had seen opposition from major Turquoise Hill shareholders, including activist investor Pentwater Capital Management, the largest minority shareholder with a 10% stake, who said the offer was too low.
Persons: Patrick T, doesn't, Rio, Turquoise, Steve Thibeault, Subhranshu Sahu, Emelia Organizations: Rio Tinto, REUTERS, Fallon, Hill Resources Ltd, Rio Tinto Ltd, Rio Tinto's, Committee, Turquoise, U.S, Interim, Pentwater Capital Management, Pentwater, Thomson Locations: Rio, Boron , California, U.S, Mongolia, Turquoise Hill, Toronto
The visit came less than two weeks after House Speaker Nancy Pelosi’s trip to Taiwan, which prompted days of threatening military exercises by China, including the firing of missiles over the island and into the Taiwan Strait. Pelosi is the highest-level member of the U.S. government to visit Taiwan in 25 years. China’s previous two weeks of threatening exercises prompted Taiwan to put its military on alert, but were met largely with defiance and apathy among the public. China says it wants to use peaceful means to bring Taiwan under its control, but its recent saber rattling has emphasized its threat to take the island by military force. Investment in Taiwan’s crucial semiconductor industry and reducing tensions in the Taiwan Strait are expected to be key topics of discussion.
Persons: Nancy Pelosi’s, Pelosi, China’s, Lo, Cheng, , , ” Lo, Democratic Sen, Ed Markey, Aumua Amata Coleman Radewagen, John Garamendi, Alan Lowenthal, Don Beyer Organizations: China’s People’s Liberation Army, Defense Ministry, Eastern Theater Command, U.S, National Defense Committee, Democratic, Massachusetts, Investment, Republican Locations: China, Taiwan, Beijing, Taiwan Strait, Taipei, Taiwan’s, American Samoa, California, Virginia
SAS Link's Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERSSTOCKHOLM, Aug 15 (Reuters) - Scandinavian airline SAS (SAS.ST) kept its bid for survival aloft at the weekend by securing bridge financing through bankruptcy protection proceedings and sent its shares 9% higher on Monday. read moreRegister now for FREE unlimited access to Reuters.com RegisterShares in SAS were up 9% in morning trade, taking a one-month rise to 26%. A Danish finance ministry spokesperson said on Monday the government had noted the bridge financing deal and repeated that its support for a rescue plan launched by SAS in February was conditional on the airline attracting new large shareholders. Sydbank's Pedersen said the deal with Apollo suggested Apollo could become a major shareholder in SAS by converting the loan to equity at the end of the Chapter 11 process.
Persons: Johan Nilsson, Jacob Pedersen, Pedersen, Sydbank's Pedersen, Anna Ringstrom, Marie Mannes, Stine Jacobsen, Edmund Blair Organizations: SAS, Embraer, Scandinavian Airlines, TT News Agency, REUTERS, Scandinavian, U.S, Apollo Global Management, Copenhagen, Apollo, Thomson Locations: Kastrup, Denmark, REUTERS STOCKHOLM, Sweden, Danish, Gdansk, Copenhagen
The effort will help the seed and chemical giant diversify its revenue stream, capitalizing on a decade-long farm data collection effort. Environmental outcomes would then be certified by a third-party verifier so that farmers can potentially sell their grain for a premium, Bayer said. Bayer will charge companies a flat or per-acre fee for the services, and make money from farmers through seed and chemical sales and data-platform subscriptions. The launch initially targets U.S. agriculture but the company envisions broadening it to other countries, though no timetable is set yet, Bayer said. ForGround requires that farmers enroll in Bayer's Climate FieldView platform, where growers log data about agricultural practices such as no-till farming or planting cover crops.
Persons: Bayer, it's, Leo Bastos, Karl Plume, Louis, Marguerita Choy Organizations: Bayer AG, Monday, Bayer CropScience, Thomson Locations: Louis , Missouri, St
“If the Taliban finds us, they will immediately kill us,” she told NBC News from Kabul this year. “When the Taliban want someone, they will arrest their whole family until they get the person they want,” she added. A Taliban fighter walks past a beauty salon with images of women defaced in Kabul in August 2021. Workers hoist sacks of flour as Afghans collect monthly rations of staple food from a U.N. World Food Program distribution point in Kabul in January. Ebrahim Noroozi / AP“I think it goes to show, the Taliban prioritizes ideological issues over practical issues like getting assistance and recognition,” he said.
Persons: Osama bin Laden, Ashraf Ghani, Malika, Bashir, , , Wakil Kohsar, “ I’m, Abdul, Scott Peterson, Samira, Michael Kugelman, Ebrahim Noroozi, Jawed Organizations: Taliban, Amnesty International, NBC News, Getty, United Nations, World Bank, Food, South, Wilson Locations: Kabul, Afghanistan, U.S, Taliban, AFP, Ukraine, Europe, Takhar, Samira, South Asia, Washington
Stocks struggle as China rate cut sends oil tumbling
  + stars: | 2022-08-15 | by ( Huw Jones | ) www.reuters.com   time to read: +4 min
Hopes of smaller rate hikes on signs that U.S. inflation may be peaking helped Wall Street clock up its fourth straight week of gains by Friday. "I do think it's going to be Fed driven if there is another leg down in markets. "I don't think (Fed Chair) Powell is going to say that, I don't think the minutes are going to indicate that," Armstrong said. Fed Rate Futures and StocksU.S. FUTURES EASES&P 500 futures and Nasdaq futures were both down around 0.5% after last week's gains. The cut in Chinese interest rates failed to stop Chinese blue chips (.CSI300) easing 0.13%, while the yuan and bond yields also slipped.
Persons: They've, Patrick Armstrong, that's, Armstrong, Powell, Jonas Goltermann, Gold, Brent, Wayne Cole, Sam Holmes, Raju Gopalakrishnan, Ed Osmond Organizations: Global, Nikkei, Plurimi, Stocks U.S, Nasdaq, Walmart, U.S, ., Capital Economics, Thomson Locations: China, United States, Europe, Japan, Tokyo, Taiwan, Saudi Aramco, Gulf, Mexico
Consumers are driving growth as pandemic restrictions are lifted and they have greater freedom of movement. TOKYO—Japan’s economy recovered its prepandemic size in the April-June quarter thanks to strong consumer spending and higher exports, but inflation may start to weigh on growth later this year. The world’s third-largest economy after the U.S. and China expanded 0.5% in the three months to June from the previous quarter and 2.2% on an annualized basis, which reflects what would happen if the pace continued for a full year.
Locations: TOKYO, U.S, China
Shipments are expected to level off over the rest of the year, however, as Beijing prioritises the local market to curb domestic fuel inflation. Diesel, gasoline and jet fuel exports for the year are expected to be as much as 40% lower from 2021. This suggests monthly exports will hold near the recent pace over the rest of 2022 as China has already exported nearly 12 million tonnes of products in the first half. JLC expects 2022 diesel exports to shrink by 74% from 2021 to 4.5 million tonnes and gasoline to fall nearly 40% to 9 million tonnes. Only aviation fuel exports will rise, up 11% to 9.5 million tonnes, JLC said, as COVID-19 lockdowns and border controls cut domestic and international Chinese flights.
Persons: Chen Aizhu, Mukesh Sadhav, Sadhav, Zameer, JLC, Muyu Xu, Florence Tan, Tom Hogue Organizations: REUTERS, Diesel, China, Rystad Energy, Thomson Locations: Dongying, Shandong province, China, SINGAPORE, Beijing, Russia, Ukraine, South Korea, India, Asia, Middle East, Europe, U.S, Refinitiv, China's
Asia shares mixed, China cuts rates as data disappoints
  + stars: | 2022-08-15 | by ( Wayne Cole | ) www.reuters.com   time to read: +5 min
The cut in rates helped cushion the blow a little and left Chinese blue chips (.CSI300) steady, while the yuan and bond yields slipped. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat, having bounced 0.9% last week. Japan's Nikkei (.N225) rose 1.1% as data showed the economy grew an annualised 2.2% in the second quarter, just a touch under estimates. Hopes for a soft economic landing will also get a health check from U.S. retail sales data that are expected to show a sharp slowdown in spending in July. S&P 500 futures and Nasdaq futures were both down around 0.2% after last week's gains.
Persons: Alvin Tan, Tapas Strickland, Jonas Goltermann, Jackson, Brent, Wayne Cole, Sam Holmes, Raju Gopalakrishnan Organizations: SYDNEY, RBC, Japan's Nikkei, Federal Reserve, NAB, Markets, Walmart, U.S, Nasdaq, ., Capital Economics, Thomson Locations: China, Shanghai, Asia, Pacific, Japan, Taiwan, United States, Saudi Aramco, Gulf, Mexico
A view of Bangkok's port along Chao Phraya River is photographed during sunset in Bangkok, Thailand, July 19, 2022. The government slightly revised its 2022 economic growth forecast to 2.7% to 3.2% from an earlier 2.5 to 3.5% growth range, citing a rebound in the crucial tourism sector, increased consumption and exports. Last year's growth of 1.5% was among the slowest in Southeast Asia. Register now for FREE unlimited access to Reuters.com RegisterThat compared with a forecast 3.1% rise in a Reuters poll and upwardly revised 2.3% growth in the March quarter. "Thailand’s economy kept rebounding in the second quarter of the year on the back of a reopening boost.
Persons: Kobsidthi Silpachai, Orathai Sriring, Kitiphong, Jacqueline Wong Organizations: REUTERS, National Economic, Social Development, Bank of, U.S . Federal, Thomson Locations: Chao, Bangkok, Thailand, BANGKOK, Asia, Russian, Ukraine, Bank of Thailand
"Our teams assess our policies, training, processes and resources on an ongoing basis to ensure that they are comprehensive," it said. Reuters spoke to about two dozen Dalit tech workers in the United States who said discrimination had followed them overseas. "Significant caste discrimination exists in the United States," said Mayuri Raja, a Google software engineer who is a member of the AWU and advocates for lower-caste colleagues. Google reiterated to Reuters that caste discrimination fell under national origin, ancestry and ethnic discrimination. South Carolina law professor Brown expects no immediate resolution to the debate over of whether companies should reference caste.
Persons: Steve Jobs, Stephen Lam, hasn't, Big, casteism, Kevin Brown, Mayuri Raja, Sundar Pichai, Koray Bulut, Goodwin Procter, Bulut, Dell, John, Paul Singh Deol, Janine Yancey, Yancey, Brown, Paresh Dave, Kanishka Singh, Sudarshan, Kenneth Li Organizations: Steve, REUTERS, OAKLAND, Apple, Cisco Systems, Cisco, Big Tech, University of South, Reuters, IBM, Dell, Facebook, Meta, Microsoft, Google, Alphabet Workers, Consortium, California State University, Democratic Party, Civil Rights Department, Global Social Media, Dhillon, Thomson Locations: Cupertino , California, U.S, Calif, Silicon, India, California, University of South Carolina, Meta, United States, Massachusetts, San Francisco, Carolina, Washington, New Delhi
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Many investors got stranded with Russian assets, as their value plummeted, buyers disappeared and sanctions made trading hard. The Treasury provided further guidance on July 22 to help settle default insurance payments on Russian bonds. read moreThe price of some Russian bonds has jumped alongside the renewed trading activity since late July. "Some banks and brokers are using this bid to facilitate divestment of Russian positions for investors that want to get out."
Persons: Mike Segar, PIMCO, Gabriele Foa, Davide Barbuscia, Rodrigo Campos, Megan Davies, Paritosh Bansal, Edward Tobin Organizations: Wall, New York Stock Exchange, REUTERS, Reuters, Treasury Department, Treasury, JPMorgan Chase &, Bank of America Corp, Citigroup Inc, Deutsche Bank AG, Barclays Plc, Jefferies Financial Group Inc, Street, Bank of America, Barclays, Citi, JPMorgan, Jefferies, Deutsche Bank, Russia, Goldman Sachs Group Inc, Foreign, Control, Regulators, Global, Reuters Graphics Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Moscow, Ukraine, Russia, Algebris, New York
The projections are part of First Street Foundation's new, peer-reviewed extreme heat model, which shows that most of the country will have upticks in the number of days with heat index temperatures above 100 degrees over the next 30 years as a result of climate change. The heat index represents what a temperature feels like to the human body when humidity and air temperature are combined. As humans continue to pump heat-trapping greenhouse gases into the atmosphere, temperatures around the world are rising, which increases both the frequency of extreme heat events and their severity. The researchers looked at the seven hottest days expected for any property this year and calculated what the equivalent could be in 30 years. Across the country, they found that, on average, a community's seven hottest days are projected to become the location's 18 hottest days by 2053.
Persons: Jeremy Porter, Porter Organizations: City University of New, National Oceanographic, First Locations: City University of New York, Europe, Miami, Dade County
Hedge fund manager David Neuhauser says that markets look "artificially high" right now, and are staging a bear market rally that will not last. Major U.S. indexes have been in a bear market — or over 20% off recent peaks — for much of this year, with the S & P posting its worst first half since 1970 . In July, however, stocks have rallied, and many on Wall Street have been debating if the bear market is over. "I think ultimately, more than likely, we're gonna be in a bear market for quite some time. Why Neuhauser is so bearish on markets Neuhauser said that the current market has not been operating on fundamentals for a while, with "all the money that's been pumping the system."
Persons: David Neuhauser, Neuhauser, CNBC's, it's, there's, he's Organizations: Livermore Partners, Major, Neuhauser, U.S . Federal Reserve, CNBC, Nasdaq Locations: Major U.S, Russia, Ukraine
After a massive flight to safety in the first half of the year, investors are buying into tech once again — but top tech investor Paul Meeks is far from convinced. One stock that Meeks likes is tech giant IBM . When to go all-in "All these companies should have less volatility and be a way for investors to play defensive tech until offensive tech comes back into favor. But he plans to "wait a bit longer" to reinvest aggressively in tech stocks. "Here is a company that dominates, with only two other players worldwide in an oligopoly," Meeks said of Micron.
Persons: Paul Meeks, Meeks, Arvind Krishna, reinvest, he’s Organizations: Independent Solutions Wealth Management, CNBC, IBM, Mobile, Verizon, AT, Federal, Micron Locations: U.S
An aerial view of the PCK oil refinery on which a German embargo against the import of Russian oil is planned, stands on June 29, 2022 in Schwedt, Germany. The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of U.S. sanctions, a top Indian central banker said on Saturday. The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of U.S. sanctions, a top Indian central banker said on Saturday. U.S. sanctions on Moscow for its February invasion of Ukraine prohibit the import to the United States of Russian-origin energy products including crude oil, refined fuels, distillates, coal and gas. "The refined output was put back on that ship and it set sail without a destination.
Persons: Michael Patra, Patra Organizations: United, U.S . Treasury Department, Bank of India Locations: Schwedt, Germany, United States, India, New York, Indian, U.S, Russian, Gujarat, Michael Patra ., Moscow, Ukraine, New Delhi
The onshore yuan eased to a one-week low against the dollar after the PBOC unexpectedly cut key interest rates. New Zealand's kiwi slumped 0.35% to $0.6433, pulling away from Friday's high at $0.6468, the strongest level since June 8. Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates, as a nascent recovery from Covid-19 lockdowns faltered. To support the economy, the People's Bank of China unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday. Bitcoin last rose 2% to $24,813, bringing it close to Sunday's high of $25,053, a level not seen since June 13.
Persons: Ken Cheung, Thomas Barkin, Tapas Strickland, Strickland, Europe's, Sterling Organizations: New, Federal Reserve, U.S, Australian, People's Bank of, Mizuho Bank ., Richmond Fed, CNBC, National Australia Bank, Federal, Market Committee, Treasury Locations: New Zealand, China, Covid, People's Bank of China, Ukraine
Gold steadies near $1,800/oz on lower dollar, yields
  + stars: | 2022-08-15 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices held steady near the key psychological level of $1,800 per ounce on Monday, supported by a pullback in the dollar and U.S. Treasury yields. Gold prices held steady near the key psychological level of $1,800 per ounce on Monday, supported by a pullback in the dollar and U.S. Treasury yields. Spot gold was little changed at $1,800.09 per ounce, as of 0033 GMT, after rising 1.6% last week. Benchmark U.S. 10-year Treasury yields edged lower to 2.8421% after hitting a three-week peak on Friday, decreasing the opportunity cost of holding non-interest-bearing gold. Although gold is seen as a hedge against inflation, rising U.S. interest rates dull non-yielding bullion's appeal.
Persons: Thomas Barkin Organizations: U.S, Treasury, Benchmark, Richmond Federal Reserve Bank, Trust Locations: Istanbul, India, Taiwan, China
WASHINGTON/DUBAI, Aug 15 (Reuters) - Whether or not Tehran and Washington accept a European Union "final" offer to revive the 2015 Iran nuclear deal, neither is likely to declare the pact dead because keeping it alive serves both sides' interests, diplomats, analysts and officials said. "We are in no rush," said a senior Iranian official who spoke on condition of anonymity. Therefore, time is not of the essence for Iran," said a second senior Iranian official. read moreDANGLINGThe lack of better policy options for Washington, and Tehran's view that time is on its side, could leave the deal dangling. "It is unclear whether Iranian leaders have decided not to revive the deal or have not made a definitive decision, but either way, continuing this limbo period likely serves their interests," Rome said.
Persons: Joe Biden's, Donald Trump, Trump, Biden, Dennis Ross, John Bolton, Salman Rushdie, Henry Rome, Parisa, Arshad Mohammed, Jonathan Landay, Mary Milliken, Grant McCool Organizations: U.S, Washington, EU, United, Iranian, Democrat, Republicans, Washington Institute for Near, White House, Eurasia Group, Thomson Locations: WASHINGTON, DUBAI, Tehran, Washington, Union, Iran, U.S, China, India, Ukraine, European, Iranian, Russia, United States, Rome, Parisa Hafezi, Dubai
REUTERS/Lisa LeutnerAug 15 (Reuters) - Iran and the United States are struggling to overcome divisions on three major issues in indirect talks on revival of a 2015 nuclear deal while months of negotiations have entered a crucial stage. Grossi said more than 40 IAEA cameras would keep operating as part of the core monitoring in Iran that predates the 2015 deal. But President Joe Biden cannot promise this because the nuclear deal is a non-binding political understanding, not a legally-binding treaty. Many Republican senators detest the nuclear pact and even some Democrats oppose it. IRAN'S ELITE GUARDSThe broad outline of the revived deal was essentially agreed in March after 11 months of talks in Vienna.
Persons: Rafael Mariano Grossi, Lisa Leutner, Rafael Grossi, Grossi, Joe Biden, Donald Trump, Barrack Obama, Ayatollah Ali Khamenei, Parisa Hafezi, Arshad Mohammed, Grant McCool Organizations: REUTERS, EU, International Atomic Energy Agency, Governors, IAEA, Washington, Democratic, U.S . Senate, Revolutionary Guards Corps, U.S . Foreign Terrorist Organization, Reuters, Guards, Thomson Locations: Iran, Vienna, Austria, United States, Tehran, Washington, France, Britain, Germany, U.S, DUBAI, WASHINGTON
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