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Portugal and Austria defeat Germany for seats on the UN Security Council

UNITED NATIONS, June 4, 2026 (AP) — Portugal and Austria defeated Germany for seats on the powerful but deeply divided U.N. Security Council on Wednesday in a hotly contested race after intense campaigning. The 10 rotating seats on the 15-member Security Council are earmarked for different regions of the world. The assembly elects five countries by secret ballot every year to serve two-year terms alongside the council’s five permanent veto-wielding members — the United States, Russia, China, Britain and France. In the other contested race, after four rounds of voting in the 193-member General Assembly, Kyrgyzstan defeated the Philippines by

India to scrap capital gains tax on foreign investment in government bonds, ET reports

MUMBAI, June 4 (Reuters) – India plans to scrap capital gains tax on investments in ​government securities by foreign portfolio investors (FPIs), ‌the Economic Times reported on Thursday, citing sources. The plan is part of efforts to draw ​capital flows into India, amid ​pressure on the South Asian nation’s ⁠currency. Reuters could not independently verify the ​report. An email to the federal finance ​ministry went unanswered. Here are more details from the report: Cabinet meet on Wednesday approved the scrapping of capital ​gains tax on foreign portfolio investment ​in government bonds. Decision likely to be implemented via an ‌ordinance ⁠amending

US House approves war powers resolution to halt military action against Iran, in a rebuke of Trump

WASHINGTON, June 4, 2026 (AP) — US House for the first time Wednesday approved a war powers resolution that would halt the U.S. military action against Iran, defying President Donald Trump as a handful of Republicans joined with Democrats to end the three-month-long conflict that has reordered politics at home and abroad. House Speaker Mike Johnson had tried to prevent an outcome that would show the mounting opposition to the war, abruptly shutting down floor action two weeks ago when the resolution was on the verge of approval. But displeasure has only grown as the conflict drags on and as

Trump confirms he called Netanyahu ‘crazy,’ as he says Israel is complicating peace talks with Iran

BEIRUT, June 3, 2026 (AP) — President Donald Trump in an interview released Wednesday confirmed an earlier report that he criticized Israeli Prime Minister Benjamin Netanyahu as “crazy” in a Monday phone call, saying he was “a little bit perturbed” that Israel’s fighting of Hezbollah in Lebanon was holding back peace talks with Iran. But even as the U.S. president acknowledged the tensions, he insisted that his relationship with Netanyahu was solid and they connected, in part, because they’re both “wartime” leaders. “We’ve worked very well together. I like Bibi a lot. And I work very well with him,” Trump

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