BAGHDAD BOMBINGS
Three car bombs exploded in Baghdad on Monday. At least nineteen people died in the blasts. The deadliest attack took place on a commercial street in the Mansour district of western Baghdad. Ten died and 27 were wounded. The other bombings occurred in Amil and Bayaa districts. Iraq has seen an increase of bombings since ISIS lost the city of Tikrit earlier this month.
MEDVEDEV VISITS CRIMEA
Russian Prime Minister Dmitry Medvedev has visited Crimean capital Simferopol. Medvedev praised Moscow’s endeavours to integrate the annexed region with Russia. His visit marked one year since Russia annexed the Ukrainian Crimean peninsula into the Russian Federation. The annexation is not internationally recognised.
GREECE NEGOTIATION RESHUFFLE
Greek Prime Minister Alexis Tsipras has reorganised the team handling bailout talks with European and International Monetary Fund lenders. The country looks set to run out of cash in coming weeks. However, optimism over Greece's prospects for progress in talks with lenders has risen after the reshuffle. European shares closed up about one percent. The euro hit its highest level against the dollar since April 7th.
US BUDGET DEAL
U.S. Senate and House Republicans have reached a compromise deal on a federal budget for the first time in six years. They have increased military spending and cut social spending. They aim to eliminate budget deficits in ten years. Congressional aides say the deal will focus on tools to repeal or replace President Barack Obama’s healthcare reform known as “Obamacare.” U.S. budgets are not binding legislations. They serve as the guide to draft spending bills and determine the limits for the next fiscal year.
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