Sumitomo Mitsui Financial Group (SMFG) has become the latest financial firm to open a subsidiary in Frankfurt in the wake of the Brexit vote. The Japanese giant will register its core banking unit in the German city as it fears its UK subsidiary “could face future restrictions” once Britain crashes out of the EU. Source The Telegraph
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Israeli Prime Minister Benjamin Netanyahu says he will discuss with Russian President Vladimir Putin his concerns about Iran’s military presence in Syria. “I will raise the problem of Iran trying to establish a military presence in Syria,” Netanyahu said on August 22. Source: RadioFreeEurope
The German government said on Tuesday that US President Donald Trump’s decision to send additional troops to Afghanistan was “the right thing to do.” Defence Minister Ursula von der Leyen also welcomed the decision but said that Germany would not follow suit by further raising its troop numbers. Source: The Local
The United States warned an angry Pakistan on Tuesday that it could lose its status as a privileged military ally if it continues giving safe haven to Afghan militant groups. Source: France24