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Air France-KLM trims 2026 outlook over Middle East war impact
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Oil surges 7% to top $126 on Trump blockade warning
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Volkswagen warns of more cost cuts as profits plunge
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Rolls-Royce confident on profits despite Mideast war disruption
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French economy records zero growth in first quarter
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Carmaker Stellantis swings back into profit as sales climb
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Trump warns Iran blockade could last months, sending oil prices soaring
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Denmark's Soren Torpegaard Lund to 'stay true' at Eurovision
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Meta chief Zuckerberg doubles down on AI spending
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Brazil lowers benchmark rate to 14.5% in second consecutive cut
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Google-parent Alphabet soars as rivals stumble over AI costs
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Anti-Bezos campaign urges Met Gala boycott in New York
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African oil producers defend need to drill at fossil fuel exit talks
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'Gritty' Philadelphia pitches itself as low-cost US World Cup choice
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'I literally was a fool': Musk grilled in OpenAI trial
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Uber adds hotel booking in push to become 'everything app'
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Oil spikes while stocks slip ahead of US Fed rate decision
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Canada holds key rate steady, says will act if war inflation persists
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Trump warns Iran better 'get smart soon' and accept nuclear deal
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US Fed chief's plans in focus as central bank set to hold rates steady
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German inflation jumps in April as energy costs surge
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UBS first-quarter profits jump 80% on investment banking
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Diving robot explores mystery of France's deepest shipwreck
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Much-needed rains revive Iraq's fabled Mesopotamian Marshes
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Zelenskyy anti-graft gamble
President Volodymyr Zelenskyy entered office as the public face of a reformist wave, yet today he stands accused of dismantling the very anti-corruption architecture that underpinned his legitimacy. On 22 July Ukraine’s parliament fast-tracked amendments that place the National Anti-Corruption Bureau (NABU) and the Special Anti-Corruption Prosecutor’s Office (SAPO) under the effective control of the prosecutor general, a political appointee answerable to the presidency.
The new law empowers the prosecutor general to reassign high-profile graft cases “when circumstances make NABU’s work impossible,” a clause critics describe as a licence for political interference. Within hours Zelenskyy signalled support, calling the changes a wartime necessity—only to trigger the largest street protests in Kyiv since the first months of the invasion. Demonstrators draped parliament with banners warning of a return to pre-revolution impunity and chanting “EU or bust,” a reference to Brussels’ demand that Kyiv maintain independent watchdogs as a core accession pre-condition.
Financial stakes rose immediately. The European Commission privately told Kyiv that up to €18 billion in macro-financial aid could be frozen unless the rollback is reversed, while several donor governments paused disbursement of recovery funds earmarked for 2025-26. Foreign investors, already wary of doing business in a war zone, saw bond yields spike to a three-month high as rating agencies flagged “governance slippage”.
Domestically, the chill reached law-enforcement corridors. NABU agents reported surprise searches of their offices by state-security operatives, officially justified as a hunt for “foreign infiltration.” Anti-graft officials countered that the raids aimed to seize case files implicating influential wartime contractors.
Under pressure, Zelenskyy invited agency heads and civic groups to negotiate a face-saving compromise. Yet even a cosmetic fix may not repair the reputational damage: polls released this week show confidence in the president’s anti-corruption agenda falling below 40 percent for the first time since 2022. Meanwhile, NABU’s most sensitive investigations—ranging from drone-procurement fraud to embezzlement in frontline logistics—remain in limbo, jeopardising both battlefield efficiency and public morale.
Analysts warn that weakening the investigative firewall could hard-wire patronage into Ukraine’s post-war reconstruction boom. Billions in future EU and World Bank contracts risk flowing through a system perceived to be politically captured, raising the prospect of donor fatigue at a moment when Kyiv’s fiscal gap already exceeds 20 percent of GDP. What began as a procedural tweak is thus morphing into a strategic gamble: Zelenskyy can retreat and reassure partners—or press ahead and test whether Ukraine’s allies will prioritise unity against Moscow over governance standards at home. Either path will define his presidency long after the guns fall silent.
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