World News: 25 May 2023

The end of King Dollar? The forces at play in de-dollarisation
Rivalry with China, fallout from Russia's war in Ukraine and wrangling once again in Washington over the U.S. debt ceiling have put the dollar's status as the world's dominant currency under fresh scrutiny.
Russia's sanctions-imposed exile from global financial systems last year also fuelled speculation that non-U.S. allies would diversify away from dollars.

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Italy is wrapping up 80 years of lawsuits against Nazi Germany
By 28 June, any victims of Nazi atrocities in Italy and their relatives must file a compensation claim against Germany -- a deadline which puts an end to a years-long dispute between the two countries.
In January this year, 99-year-old Italian Quinto Nuzi filed a claim against Germany for €130,000.

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Searching for uranium in Mongolia, Macron stirs up mining controversy
The French nuclear group Orano (formerly Areva) has been operating in Mongolia sice 1997 with several natural uranium mining projects. Uranium exports to France are still insignificant, but Orano has a significant presence in Mongolia, where it is working with state-owned companies to exploit deposits in the Gobi desert in the southeast of the country.

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Wagner chief says 20,000 of its troops killed in Bakhmut battle
This weekend, Wagner and the Russian military claimed to have taken control of Bakhmut, which has been left in ruins by the prolonged fighting, with Russian President Vladimir Putin congratulating the armed forces. But Kyiv has said its forces continue to fight for the city.

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World's biggest warship visits Oslo, angering Russia
The world's biggest warship, the USS Gerald R. Ford aircraft carrier, arrived in Oslo on Wednesday for a stopover criticised by neighbouring Russia as an "illogical and harmful" show of force.
The 337 metre nuclear-powered ship sailed into the Oslo Fjord under escort, where it will stay for several days before heading to the Arctic for military exercises, according to Norwegian media.

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Horn of Africa: UN appeals for $7 billion humanitarian aid
Even though there was no famine declared in the region, the International Rescue Committee along with the UN is saying the appeal is necessary to help communities struggling to survive in Kenya, Somalia and Ethiopia.
These communities are facing the worst drought in 40 years, with more than 43.3 million people in need of assistance and more than half of those lacking access to sufficient food.

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