International News March 16th

Russia withdraws from Syria

The first Russian warplanes left Syria yesterday a day after Russian president Vladimir Putin announced that Russia will be withdrawing from the conflict in Syria. Russia will however continue its air strikes.

US Secretary of State John Kerry is set to visit Russia next week to discuss the situation in Syria, a nation that now faces its sixth year of civil war. Mr. Kerry said the UN-mediated peace talks in Geneva in addition to Russia’s withdrawal may be the best opportunity to end the conflict that has claimed the lives of more than a quarter of a million people and displaced more than 6 million people with no end in sight for the nearly 18 million people that are left behind.

LSE merges with Deutsche Börse

The London Stock Exchange is set to merge with Deutsche Börse in Frankfurt in a £20 bn deal. This is done to ward off a potential rival bid from the US, costs are expected to be cut by £354m a year. Deutsche Börse shareholders will own 54.4% of the new company with LSE shareholders owning the remainder.

Trump vs. Clinton?

Hillary Clinton is one step closer to become the US presidential candidate for the Democratic party after defeating Bernie Sanders in the Florida, Ohio, North Carolina, Illinois and Missouri primaries last night.  Meanwhile Donald Trump defeated Republican rival Ted Cruz in the Missouri primaries but lost to John Kasich in Kasich’s home state of Ohio. Marco Rubio conceded his defeat last night to supporters in Miami, leaving only Cruz and Kasich in Trump’s way to become the Republican candidate for the US presidency.

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