Number of billionaires globally could reach 4,000 in next five years

• The Biden administration announced comprehensive sanctions targeting Russian entities involved in chemical weapons production and deployment, following reports of their use against Ukrainian forces in recent weeks. • The Treasury Department froze assets of 12 Russian companies and individuals, with officials stating the measures aim to deter further violations of the Chemical Weapons Convention. • Security analysts warn that chemical weapons escalation signals Russia's desperation as its conventional military capabilities face sustained Ukrainian resistance.

• Military delegations from Pakistan and India held their first formal border security talks in 18 months in Islamabad, marking a significant thaw in bilateral tensions following last year's cross-border skirmishes. • Both nations agreed to reinstate a communication hotline between military commanders and establish a joint investigation committee for monitoring ceasefire violations along the Line of Control. • The US quietly supported the initiative through backdoor diplomacy, viewing improved India-Pakistan relations as essential for regional stability and counterterrorism cooperation in Afghanistan.

• North Korea launched an intermediate-range ballistic missile from its western region Tuesday evening, the sixth such test in the past three months despite frozen nuclear diplomacy with the US. • US officials assessed the missile demonstrated improved guidance systems, suggesting continued weapons development despite economic sanctions and international isolation. • The test complicates efforts to restart dialogue, with South Korea calling for emergency trilateral talks involving Japan to address escalating regional security threats.

• The US Treasury Department announced targeted sanctions against 15 military leaders and three jade trading companies linked to Myanmar's junta, citing credible evidence of systematic ethnic persecution against Rohingya and other minorities. • The sanctions block access to the US financial system and freeze assets estimated at $40 million, with the State Department formally classifying the military's actions as crimes against humanity. • International human rights bodies praised the measures but noted they represent a limited response, calling for broader multilateral action and ICC referral to hold perpetrators accountable.

• Niger's transitional government announced a three-month extension to its military cooperation agreement with France, pausing its expulsion of French troops and reversing its February timeline for withdrawal. • The reversal follows intense negotiations between Paris and Niamey, with France agreeing to reduce its military footprint from 1,500 to 900 personnel and committing €200 million in civilian development aid. • The compromise addresses security challenges in the Sahel region, where French and US military presence remains crucial to counterterrorism operations despite growing anti-Western sentiment among portions of Niger's military leadership.

• Israeli and Hamas delegations reached an agreement for a two-month ceasefire in Gaza, brokered by US diplomatic envoys and Egyptian mediators over the past week. • The deal includes provisions for humanitarian aid corridors, release of remaining hostages held by Hamas, and dismantling of restrictions on Palestinian civilian movement in designated zones. • The agreement marks a significant diplomatic victory for the US, though skeptics question whether the ceasefire will hold given previous failed peace attempts and hardline opposition from both sides.

• Turkey and Greece opened fresh talks on maritime boundaries in the Eastern Mediterranean, with NATO officials mediating discussions aimed at resolving long-standing territorial disputes. • Both nations agreed to establish a permanent dialogue mechanism and conduct joint scientific surveys of disputed seabed areas, marking the most substantive progress in five years. • The US views the agreement as critical to regional stability, particularly given strategic concerns about Russian naval activity in the Mediterranean and the need for unified NATO positioning.

• Chinese military announced a temporary halt to provocative exercises around Taiwan following private diplomatic discussions between US and Chinese officials in Singapore this week. • Beijing stated the suspension aims to create space for constructive dialogue, though military analysts note China maintains its military posture in the Taiwan Strait. • The development provides cautious optimism for regional stability, with US officials emphasizing the importance of maintaining open communication channels to prevent miscalculation.

• Venezuela's government issued an arrest warrant for opposition leader Carlos Mendoza, accusing him of inciting foreign intervention, shortly after he met with US State Department officials in neighboring Colombia. • US officials condemned the warrant as politically motivated persecution, calling for Mendoza's immediate release and warning of further diplomatic consequences if he is detained. • The incident escalates tensions between Washington and Caracas, with human rights organizations documenting increased arrests of political opponents and independent journalists under President Maduro's administration.

• The United Nations reported that renewed fighting in South Sudan has displaced over 500,000 people in the past month, creating a humanitarian emergency affecting food security across the region. • The World Food Programme warned that without immediate intervention, famine conditions could emerge within 60 days, affecting approximately 8 million people across South Sudan and neighboring countries. • The US has committed an additional $150 million in humanitarian assistance, but aid organizations stress that security challenges continue to impede delivery of food and medical supplies to affected populations.

Acclaimed Brisbane-born writer was known for his work exploring his own childhood, great myths and colonial AustraliaDavid Malouf, the acclaimed Australian author of books including Ransom, An Imaginary Life and the Booker prize-nominated Remembering Babylon, has died aged 92.Malouf died on Wednesday, his publisher, Penguin Random House Australia, said in a statement on Thursday. Continue reading...

More than 70% have cut down in past year on teaching assistants, who play key role in helping children with SendTwo-fifths of school leaders in England have been forced to cut back on support for children with special educational needs due to a financial crisis “more than a decade in the making”, according to a poll.Seven out of 10 (71%) leaders say they have cut down on teaching assistants (TAs) in the past year, while 49% have reduced support staff. The crisis could escalate as 81% warn of further cuts in the year ahead. Continue reading...