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What is the Russian Wagner group of mercenaries?

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Is Russia using mercenaries in Ukraine? A recent report from the British military intelligence has revealed that Russia has used the private military contractor called the Wagner group to reinforce its frontline forces in the Ukraine war

According to reports, Wagner has made advances in the eastern Donbas region of Ukraine.

And a recent revelation from foreign policy Magazine says:

Wagner may get involved in Burkina Faso next as a military coup in January has left the country vulnerable.

And its fighters are already present in neighbouring Mali which means that it is very possible.

For some, Russia is simply using Wagner to secure access to ports and natural resources.

Other analysts say Russia is trying to capitalise on the rising anti-French sentiment in the Sahel.

In March. There were protests against French Military presence in a number of countries including in Mali, Niger, Chad and Burkina Faso.

France has been withdrawing its military presence in the region and now mainly operates out of Niger and Chad.

The Wagner Group has been called “Putin’s shadow army,” although the Kremlin has denied responsibility for any knowledge of their activities.

And The U.S. government has called Wagner a Proxy Force of Russia’s defense ministry.

Alongside their mercenary work, the group has also been accused of spreading disinformation.

But using mercenaries is not new.

Another controversial group is the American Private Milirtary contractor: Blackwater.

Which was led by the notorious Eric Prince.

Blackwater made billions of dollars during U.S.led wars in Iraq and Afghanistan before renaming itself.

The Intercept has also reported that Erik Prince has provided military services to Wagner in at least two African conflicts citing a report from “three people with knowledge of the efforts”.

Recently the European Union imposed sanctions on the Wagner group.

Experts say the war in Ukraine has forced the Kremlin to focus on Donbas, and less on Africa.

Small groups of Wagner fighters remain active in the Sahel, but more importantly; they remain influential.

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Appeals court halts Trump’s attempt to fire Cook

Appeals court blocks Trump’s attempt to remove Lisa Cook from Federal Reserve ahead of crucial interest rate meeting

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Appeals court blocks Trump’s attempt to remove Lisa Cook from Federal Reserve ahead of crucial interest rate meeting

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In Short:
– A federal appeals court has blocked Trump’s attempt to remove Lisa Cook from the Federal Reserve board.
– Trump’s expected Supreme Court appeal raises concerns about the Federal Reserve’s independence and market stability.
A federal appeals court has blocked President Donald Trump’s attempt to remove Lisa Cook from the Federal Reserve board.
The decision comes just before a crucial meeting regarding potential interest rate changes.The court determined that the Trump administration did not meet the requirements for an appeal against a prior ruling that had already blocked Cook’s removal.

Cook has faced allegations of mortgage fraud, which she denies. Her lawyers assert she has not committed any wrongdoing, and documentation reviewed by NBC News supports her position.

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Trump is expected to appeal this ruling to the Supreme Court.

The legal context for Cook’s position at the Federal Reserve highlights that removal can only occur “for cause,” under the Federal Reserve Act. Analysts warn that firing Cook may destabilise the Federal Reserve, which is critical for market stability.

Legal Context

The Supreme Court has previously distinguished the Federal Reserve from other federal agencies, underlining its unique structure.

Concerns have escalated regarding the implications of Trump’s actions on the independence of the Federal Reserve and broader economic stability.


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Chinese auto brands dominate, taking one in five Aussie sales

Chinese car brands surge in Australia, capturing 20% market share with diverse offerings and aiming for expansion despite challenges

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Chinese car brands continue to rise in Australia, capturing 20% market share with a diverse range of EV offerings.

In Short:
– Over 20 Chinese car brands, including BYD and MG, are now available in Australia, with four in the top ten.
– Traditional automakers are adapting to increased competition and concerns about the quality of new Chinese entrants.

Australia is witnessing a significant increase in the presence of Chinese car brands, with over 20 names currently available, including BYD, GWM, and MG. In August, four Chinese brands ranked in the top ten for the first time, indicating a growing market share.Banner

Australia’s low trade barriers facilitate the entry of these brands, which view the market as an opportunity for growth and learning. Most electric vehicles sold outside of Tesla are Chinese, showcasing their dominance even in models from other manufacturers.

Industry analyst Mike Costello from Cox Automotive joins to discuss the latest developments in the EV space, and answers the big question: who was the dominate force at this year’s Munich Motor Show?

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RBA plans to ban credit card surcharges in Australia

Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards

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Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards.

In Short:
– The RBA plans to ban surcharges on debit and credit card transactions, supported by consumer group Choice.
– Major banks oppose the ban, warning it could lead to higher card fees and reduced rewards for credit card users.

The Reserve Bank of Australia (RBA) intends to implement a ban on surcharges associated with debit and credit card transactions. Consumer advocacy group Choice endorses this initiative, arguing that it is unjust for users of low-cost debit cards to incur similar fees as credit card holders.Banner

The major banks, however, are opposing this reform. They caution that the removal of surcharges could prompt customers to abandon credit cards due to diminished rewards.

A final decision by the RBA is anticipated by December 2025.


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