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Arab-Islamic summit to support Qatar following Israeli assault

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Arab-Islamic summit to back Qatar after Israeli attack

Romania is the second NATO country to identify Russian drones in its airspace

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Romania says a Russian drone has breached its airspace – the second Nato country to report such an incursion.

Romanian fighter jets were in the air monitoring a Russian attack in Ukraine on Saturday and were able to track the drone near Ukraine’s southern border, the defence ministry said in a statement.

Ukrainian President Volodymyr Zelensky said the incursion could not be a mistake – it was “an obvious expansion of the war by Russia”. Moscow has not commented on the Romanian claims.

On Wednesday, Poland said it had shot down at least three Russian drones which had entered its airspace.

In its statement, Romania’s defence ministry said it detected the Russian drone when two F-16 jets were monitoring they country’s border with Ukraine, after “Russian air attacks on Ukrainian infrastructure on the Danube”.

The drone was detected 20km (12.4 miles) south-west of the village of Chilia Veche, before disappearing from the radar.

But it did not fly over populated areas or pose imminent danger, the ministry said.

Poland also responded to concerns over Russian drones on Saturday.

“Preventative operations of aviation – Polish and allied – have begun in our airspace,” Prime Minister Donald Tusk said in a post on X.

“Ground-based air defence systems have reached the highest state of readiness.”

Earlier this week Russia’s defence ministry said there had been “no plans” to target facilities on Polish soil.

Belarus, a close Russian ally, said the drones which entered Polish airspace on Wednesday were an accident, after their navigation systems were jammed.

On Sunday, the Czech Republic announced it had sent a special operations helicopter unit to Poland.

The unit consists of three Mi-171S helicopters, each one capable of transporting up to 24 personnel and featuring full combat equipment.

The move is in response to Russian’s incursion into Nato’s eastern flank, the Czech Defence Minister Jana Cernochova said.

In response to the latest drone incursion, President Zelensky said the Russian military “knows exactly where their drones are headed and how long they can operate in the air”.

He has consistently asked Western countries to tighten sanctions on Moscow.

US President Donald Trump also weighed in on airspace breach earlier this week, saying he was “ready” to impose tougher sanctions on Russia, but only if Nato countries met certain conditions, such as stopping buying Russian oil.

Russia launched a full-scale invasion of Ukraine in February 2022 and has been making slow progress in the battlefield.

Trump has been leading efforts to end the war, but Russia has intensified attacks on Ukraine since President Vladimir Putin returned from a summit with Trump in Alaska last month.

Fredrik Eklund, star of ‘Million Dollar Listing,’ believes Gen Z can succeed in real estate without a college degree: ‘You need to be out there hustling’

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While AI comes for high-paying jobs like coding and consulting, many Gen Zers are stuck on what they should study in college—or if they should even shell out for a costly diploma at all. Luckily, there’s one profession that doesn’t require a degree and can lead to multimillion-dollar success: real estate. 

Industry powerhouse and Million Dollar Listing star Fredrik Eklund didn’t even have a bachelor’s degree in the profession when he touched down in the U.S.—he took a brief course, and was off to the races. But Eklund tells Fortune even that isn’t needed. 

“There’s a four-year college degree to get your license here. I took an accelerated course [at] NYU, which is two or three weeks,” Eklund says. “So [going] to college? You don’t even need to.”

Despite moving from Stockholm to New York City with no job, connections, or real-estate degree—getting his start by selling paninis on the street—Eklund was able to make a name for himself in the industry. The 48-year-old has built his own real-estate empire, recording $3.77 billion in sales across New York, California, Florida, and Texas in 2023 alone. Some of his notable clientele includes Sarah Jessica Parker, Jennifer Lopez, Joe Jonas, as well as Hollywood power couple Chrissy Teigen and John Legend. And he’s proud to currently lead a $15 billion real-estate powerhouse of around 100 agents across global 10 markets with his Eklund-Gomes Team at luxury firm Douglas Elliman. 

While Eklund hasn’t written off a four-year degree as a way to learn how to crunch numbers and get a foot in the real-estate world, he says there are a few crucial skills that industry hopefuls can’t learn in college. 

“Of course, school is always good from a social point of view, and it’s really good to always learn. But what is the curriculum, and how is that [you’re] keeping up with today’s society?” Eklund explains. “For real estate, it’s a very data-driven job to know every address, know every co-op and condo board, know every street, and know every price point. And then it’s about communication skills and really learning to negotiate. It’s hard to learn all of those things in school.”

Success doesn’t always come quickly—but being on the ‘mean streets’ is the best education

While a seven-figure career without a degree sounds like a dream for Gen Z, Eklund also warns that success doesn’t always come swiftly. 

The real-estate mogul believes it takes five years to really make it. He says it’s a super competitive industry, especially in a hotspot like New York City with an estimated 82,000 active real-estate salespeople as of April 2023. So it’s critical that young industry aspirants don’t get bogged down by the pressure of the job. 

Just a few years in, Eklund says he wanted to throw in the towel despite doing relatively well for himself. But it took half a decade to really absorb the profession by constantly hitting the streets—learning things he wouldn’t encounter in a classroom, alongside people with invaluable industry expertise. 

“It’s an art and it’s a craft, and the only way to learn is the hard way. You cannot really learn it in school,” Eklund says. 

“[You’ve] gotta be out on the streets, the mean streets. That’s my first tip. The other one would be to start on a team, and just sit and learn and absorb all the knowledge. Because once again, you can’t learn it by yourself. I lost a lot of years by trying to do it myself.”

Gen Z ditching college degrees as the benefits dry up

Gen Z is turning sour on college degrees—for good reason. Tuition costs are soaring to unmanageable levels, once-stable education paths like computer science are now on rocky ground thanks to AI automation, and a diploma no longer guarantees a six-figure salary. In fact, 23% of Gen Z said they regret going to college, and 13% would have preferred a skilled trade or no-degree career, according to a July study from ResumeGenius. Only 32% were happy with their education path, and one in five Gen Z workers felt their schooling hadn’t paid off. 

It’s understandable why so many are regretful about their education: AI continues to nab more and more entry-level jobs, boxing out humans who went to school from gainful employment. This has left about 58% of recent graduates stranded, still looking for their first job in the first year after getting their diploma, according to a report from Kickresume. 

More in-person industries requiring human interaction—like healthcare, and even real estate—might be a safer route for success than majoring in consulting or engineering. Right now, jobs like nursing and equipment sterilization are seen as safe harbors from automation and recessionary impacts. For those Gen Zers not wanting to pursue degrees or take up trade work like plumbing and carpentry, real estate might be the play—if they’re willing to hustle.

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.

Proven Champions Train at Elite Swim Camps at ONEflow Aquatics in Somabay, Egypt

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By SwimSwam Partner Content on SwimSwam

Courtesy of ONEflow Aquatics, a SwimSwam partner.

ONEflow Aquatics, located in Somabay on Egypt’s Red Sea coast, has quickly established itself as one of the premier destinations for high-performance swim training camps. With world-class facilities and a holistic approach to athlete preparation, the center has already supported the development of athletes who went on to achieve success at the highest international level.

In the past year, 50+ swimmers had their preparation period at ONEflow Aquatics center in Somabay before participating in the last 2025 World Aquatics Championships in Singapore. This achievement highlights the center’s growing reputation as a training environment where excellence is fostered, and results are delivered.

High-Performance Facilities

The ONEflow Aquatics complex has been designed to meet the demands of elite swimmers and professional teams, offering:

  • A 10-lane, 50-meter Olympic-standard pool for full-scale training
  • A 5-lane, 25-meter pool dedicated to technical refinement
  • Two outdoor gyms adjacent to the pool deck, alongside a fully equipped indoor gym for comprehensive strength and conditioning
  • Kaktus Sports Hotel, an athlete-focused accommodation providing tailored nutrition, recovery, and comfort to ensure peak performance during camps

 

An Integrated Training Environment

Beyond its facilities, ONEflow Aquatics offers a unique setting that balances professional preparation with access to complementary activities. Athletes and teams can benefit from recovery and leisure opportunities including water sports, a championship golf course, horseback riding, desert excursions, and paddle tennis, all within the Somabay destination.

 

By combining advanced infrastructure, athlete-centered services, and an inspiring natural environment, ONEflow swim camps provides an optimal platform for swimmers preparing for the world stage.

WORLD-CLASS POOLS & GYM

RELAX (OR TRAIN) AT THE BEACH 

LUXURY ACCOMMODATIONS

📍Somabay, Egypt
📩 Inquiries to:  a.hamdy@one-flow.de

Read the full story on SwimSwam: Elite Swim Camps at ONEflow Aquatics in Somabay, Egypt: A Proven Training Ground for Champions

Electric Vehicle Surfing and Internal Combustion Engine Rally

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The IAA Mobility show in Munich is in full swing, and boy, does it have some tasty treats for auto nerds. And from all that’s on display, a certain mini concept has managed to gather major eyeballs. Of course, I’m talking about the MINI x Deus Ex Machina concept.

There’s not one but two of these cars on show, both based on the new MINI JCW. The ICE (internal combustion engine) version is called ‘Machina’ while the EV (electric vehicle) is termed ‘Skeg’, and they are brought to life as a collaboration between MINI and the Deus Ex Machina fashion brand.

These are high-performance, racing-inspired electric concept cars that are largely show cars, as opposed to mass-production models. It honors MINI’s racing history with what the company describes as “a clean, minimal, and quiet rebellion,” drawing on the central theme of… surfing.

There’s not one but two custom MINIs on show, brought to life as a collaboration between MINI and the Deus Ex Machina fashion brand

BMW

The Skeg is a bright yellow and silver MINI JCW Electric inspired by fiberglass surfboards, while the Machina is the ICE MINI JCW, which channels motorsport in all its grandeur. Both cars have bespoke elements that distinguish them with bespoke interiors, exteriors, and a few tactile controls.

Starting with the Skeg, it’s stripped down to its bare essentials, with many of the steel and aluminum components replaced with lightweight fiberglass. The resulting EV weighs 15% less than the stock car while producing the same 258 horsepower (190 kW).

The two cars are on show at the IAA show in Germany to promote a new MINI x Deus Ex Machina clothes range
The two cars are on show at the IAA show in Germany to promote a new MINI x Deus Ex Machina clothes range

BMW

There is clear inspiration from the coast and surfboards, and even the materials utilized are influenced by the design of a surf shop. It carries an eccentric yellow and silver paint scheme, broad fenders, and an illuminated grille. Up on the roof, there’s a white ‘X’ accompanied by tension belts, a motif that also appears inside, on the fiberglass dashboard, and on one of the steering wheel spokes. There are racing bucket seats coated in neoprene, a dashboard, and a few Deus Collection badges.

Fiberglass wetsuit trays also feature, which make that surfing obsession even more extreme. Returning briefly to the exterior, a new spoiler has been added at the back, inspired by the concave underbelly of a board.

"The Machina" concept features JCW's 2.0-liter four-cylinder petrol engine that produces 231 horsepower, all linked to a seven-speed automated transmission
“The Machina” concept features JCW’s 2.0-liter four-cylinder petrol engine that produces 231 horsepower, all linked to a seven-speed automated transmission

BMW

The Machina is a stark contrast to the Skeg, featuring a low, loud, and combustion-fueled character. It’s based on the 2.0-liter four-cylinder petrol engine that produces 231 horsepower, all linked to a seven-speed automated transmission. It stands as a screaming reminder of MINI’s racing history – lest you forget the original MINI won the Monte Carlo Rally three times.

It sports a red, white, and black paint scheme. There’s a big Deus signature on the back end that complements the diffuser, and four additional headlights are installed on the bonnet above the grille, as well as perforated headlights that pay homage to rally competition roots with further Deus branding.

The Machina features stripped-back door panels with prominent white 'X' patterns next to a waxed fabric dashboard with a lived-in patina, and an exposed roll cage featuring 5-point racing harnesses
The Machina features stripped-back door panels with prominent white ‘X’ patterns next to a waxed fabric dashboard with a lived-in patina, and an exposed roll cage featuring 5-point racing harnesses

BMW

The interior of the petrol-powered version does justice to its exterior. It has stripped-back door panels with prominent white ‘X’ patterns next to a waxed fabric dashboard with a lived-in patina, and an exposed roll cage featuring five-point racing harnesses. All of that, coupled with the hydraulic handbrake and the toggle switches, gives you a true racer vibe every time you get into those bucket seats.

The two cars are on show at the IAA show in Germany to promote a new MINI x Deus Ex Machina clothing range, which was released at the same event. For now, it’s unknown what will happen to the two car concepts after the Munich show. A one-of-one collector’s auction isn’t far-fetched.

But for ordinary folks like you and me, there are five MINI models you can choose from at the moment, with the most affordable, the Cooper two-door, starting at US$29,500. Then come the John Cooper Works models, ranging in price from $38,900 for the 2-door to $46,900 for the Countryman ALL4. Slotting somewhere in between is the $44,600 convertible.

If you like what this partnership has done for these one-off promotional concepts, no one’s stopping you from getting a regular model and modding it like the Machina or Skeg, are they?

Source: BMW

The Origins of the Diamond Engagement Ring: From Invention to Global Sales | Featured Story

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For decades, men in many countries were expected to spend two or even three months’ salary on a diamond engagement ring. This notion – and the iconic status of this gem – did not come about by accident.

The story goes back to 1870, when an Oxford University dropout named Cecil Rhodes set off to try his luck in the Cape Colony – modern-day South Africa, then a key British domain.

Seeing the burgeoning diamond mining sector there, he began renting water pumps to diamond prospectors to prevent flooding of the mines. Then, over the next 20 years, Rhodes and his partner Charles Rudd proceeded to buy out hundreds, and then thousands, of small mines and “claims” – landholdings believed to contain diamonds – often for a pittance when their owners faced bankruptcy. Most miners were small operators, and Rhodes and Rudd had access to serious financial capital – notably the Rothschild banking empire – through their connections in London. As the two partners combined claims into larger mining units, overhead costs were reduced, and operations became more profitable.

The partners incorporated as De Beers Consolidated Mines, De Beers being the name of one of the mines they took over. By 1888, the company had a near-monopoly of South African claims and active diamond mines. With diamonds making up more than 25 percent of South African exports in 1900, De Beers became a powerhouse of the country’s economy, controlling some 90 percent of the world’s total diamond supply. Rhodes himself became a leading imperial figure, serving as prime minister of the Cape Colony from 1890 to 1896.

De Beers was founded upon the racist policies of South Africa, which at the time was ruled by a white minority. The diamonds were extracted by Black miners earning subsistence wages, while De Beers’s white, European-origin shareholders enjoyed the profits.

Following Rhodes’s death in 1902, control of De Beers ultimately passed to German-born entrepreneur Ernest Oppenheimer. Oppenheimer used a combination of financial incentives, strategic pressure, and diplomacy to persuade diamond suppliers in other countries to sell exclusively through the London-based and De Beers-owned “Central Selling Organization” (CSO), which in the 1930s became the unified sales channel for virtually all the world’s pre-cut diamonds. This enabled De Beers to stockpile diamonds, strictly control the release of stones to the global market, and effectively control prices – thereby creating an illusion of diamond scarcity worldwide.

Meanwhile, De Beers sought to enhance global demand for diamonds. In 1946, the company hired NW Ayer, a Philadelphia-based advertising agency, which one year later came up with the legendary slogan, “A diamond is forever”. This reframed the diamond and, specifically, the diamond engagement ring, as a symbol of “eternal love”. Through mass advertising, product placements in films, and celebrity PR – for example, lending jewellery to actors for major events – the campaign transformed the diamond market in the US, Europe and Japan.

Lasting 64 years, until 2011, this campaign was an astounding global success, with Ad Age magazine naming “A diamond is forever” as the top advertisement slogan of the 20th century. De Beers had manufactured a social norm, with the diamond engagement ring becoming almost mandatory in every developed market. While previously, a fiance might give a locket, a string of pearls, or a family heirloom to his intended, the number of American brides with a diamond ring climbed from 10 percent in 1940 to some 80 percent in 1980. In Japan, this figure rose from less than 5 percent in 1960 to 60 percent by 1981.

By the early 1950s, a diamond ring typically cost about $170 – about $2,300 in today’s money. De Beers advertisements initially suggested spending one month’s salary on an engagement ring, but by the 1980s, they were posing the question: “How can you make two months’ salary last forever?” Consumers appeared undeterred by the fact that a diamond’s resale value was typically just 50 percent of its original retail price (in contrast to gold, which has an “official” benchmark price set twice-daily).

By the time Marilyn Monroe sang “Diamonds are a girl’s best friend” in 1953 and the James Bond film “Diamonds Are Forever” was released in 1971, the diamond had become an icon.

The Kimberley diamond mines in South Africa, to which thousands flocked in the 1870s after the discovery of diamonds on the nearby De Beers farm [Gray Marrets/Getty Images]

‘Cartel behaviour’

By the late 1970s, De Beers was annually distributing some 50 million diamond carats, with sales of more than $2bn in the US alone.

But as the 1980s rolled around, problems started to emerge for the company.

De Beers came under increasing scrutiny as the anti-apartheid movement gained momentum in Europe and the United States. Reports of its working conditions were shocking: low pay for mineworkers, minimum safety training and crowded dormitory housing surrounded by barbed wire and security checkpoints. This negative publicity put De Beers firmly in the spotlight as one of the prime beneficiaries of apartheid.

De Beers had already fought off allegations of “cartel behaviour” from the US Department of Justice. But in 1994, the company was indicted by a US grand jury on price-fixing charges. The company was barred from doing business in the US, where its executives could no longer set foot for fear of arrest.

In the late 1990s, reports that the diamond trade was financing brutal civil wars in Angola, Sierra Leone and the Democratic Republic of Congo further soured consumer sentiment.

Rebel groups targeted “alluvial” diamond mines – relatively easy-to-extract surface deposits, often in riverbeds – selling stones into the informal “grey” market and using the profits to buy weapons. The phrase “blood diamonds” entered the lexicon as investigative articles depicted enslaved children with pickaxes and shovels. De Beers was accused of turning a blind eye, if not outright complicity. The company’s sales declined more than 20 percent in two years, from about $5.7bn in 1999 to $4.45bn in 2001, with other diamond suppliers such as Angola’s Endiama and Russia’s Alrosa equally affected.

But since the early 1990s, changes had been afoot at De Beers. Facing pressure from South Africa’s newly elected African National Congress (ANC), it had introduced better conditions and wages for its mainly Black mineworkers. At the same time, Black South Africans also began to occupy some management roles.

Meanwhile, the US indictment meant the company had no choice but to terminate its CSO in 2000, ushering in competition from other producers. Diamond prices, no longer set and dictated by the CSO, became more volatile, subject to fluctuating demand, economic cycles, and geopolitical conditions.

To counter the blood diamond backlash, De Beers helped implement the “Kimberley Process” in 2003, through which diamond dealers can trace the origin of diamonds and authenticate “clean’’ diamonds with a microscopic stamp.

A salesperson shows a diamond ring to a prospective buyer at a jewelry shop in Ahmedabad, India, on April 14, 2025. (AP Photo/Ajit Solanki)
A salesperson shows a diamond ring to a prospective buyer at a jewellery shop in Ahmedabad, India, on April 14, 2025 [Ajit Solanki/AP Photo]

Not forever?

Today, natural diamonds may have lost some of their allure with the rise of “lab-grown” stones and “diamond simulants” such as cubic zirconia, which are up to 90 percent cheaper than the mined variety and often distinguishable from the real thing only by experts using specialised equipment.

Over the past two years, the diamond industry has been hit by a “perfect storm” of cheaper synthetic stones, weak consumer demand in the US and China, sanctions against Russia and, more recently, high US tariffs. This has had a widespread adverse impact: the Antwerp World Diamond Centre (AWDC) reported that rough diamond imports dropped 35 percent in 2024, with overall trade declining by 25 percent year-on-year (from $32.5bn to $24.4bn) – and in the Indian gem processing hub of Surat, at least 50,000 diamond workers were rendered jobless in 2024. At least 80 diamond workers in India have died by suicide in the past two years.

In 2011, the Oppenheimer family sold its interest in De Beers to the London-based mining corporation Anglo American, another major shareholder, for just over $5bn. De Beers is now once more up for sale, again with a $5bn price tag, as Anglo American seeks to exit the declining diamond market in favour of copper, iron ore and rare earth minerals.

Despite the volatile market conditions, total global consumer diamond sales were valued at approximately $100bn in 2024, with the average price of $6,750 for a diamond ring in the US, according to the Natural Diamond Council – about 1.3 months’ standard wage in the United States, but about eight months’ worth of the global median income. For those of greater means, London’s Harrods reportedly has a 228.31 carat, pear-shaped diamond available to view by private appointment – with a price estimated to be in excess of $30m.

This article is part of “Ordinary items, extraordinary stories”, a series about the surprising stories behind well-known items. 

Read more from the series:

How the inventor of the bouncy castle saved lives

How a popular Peruvian soft drink went ‘toe-to-toe’ with Coca-Cola

How a drowning victim became a lifesaving icon

How a father’s love and a pandemic created a household name

How Nigerians reinvented an Italian tinned tomato brand

How a children’s chocolate drink became a symbol of French colonialism

Bourne Creatives, led by Dylan Bourne, partners with Sony Music’s RCA Records in new joint venture

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Sony Music Entertainment‘s RCA Records has struck a deal with Bourne Creatives to launch a joint venture focused on signing and developing new artists across multiple genres.

The joint venture will be led by Dylan Bourne, who founded Bourne Creatives in 2020. His appointment builds on his experience across artist management, record label operations, and music publishing in Los Angeles and Nashville.

The partnership promises ground-level development work, helping artists “build a creative and strategic foundation,” the two companies said Wednesday (September 10).

The companies said the venture will operate independently from Bourne Creatives’ existing management business, which will continue serving its current roster of artists. Its roster includes singer-songwriter Elizabeth Nichols, producer Fantom, R&B artist Gabriel Jacoby, Hailey Picardi, hey daisy, Shankz and Tucker Stone.

Commenting on the joint venture’s launch, Dylan Bourne said: “Our ability to identify and cultivate talent in their early stages, paired with the proven artist development team at RCA Records, will provide the tools to build sustainable careers with both cultural and commercial impact.”

“Our ability to identify and cultivate talent in their early stages, paired with the proven artist development team at RCA Records, will provide the tools to build sustainable careers with both cultural and commercial impact.”

Dylan Bourne, Bourne Creatives

John Fleckenstein, COO, RCA Records, added: “Dylan and his team have a keen eye for talent discovery and an expertise in grassroots artist development that will enhance our capabilities across multiple genres.”

“Dylan and his team have a keen eye for talent discovery and an expertise in grassroots artist development that will enhance our capabilities across multiple genres.”

John Fleckenstein, RCA Records

RCA Records is home to artists including A$AP Rocky, Britney Spears, Childish Gambino, Chris Brown, Doja Cat, Elle King, Foo Fighters, H.E.R., Justin Timberlake, Kygo, BLACKPINK’s LISA, Pink, Shakira, SZA, Tate McRae, The Strokes and more.

Its legacy artists include Aretha Franklin, David Bowie, Elvis Presley and Lou Reed, among others.

The joint venture marks the latest partnership struck by RCA Records.

In 2023, RCA teamed up with K-pop giant SM Entertainment for the release of the debut single from boy group RIIZE.

Music Business Worldwide

Massive blaze devastates houses in Manila

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A large fire broke out in two buildings in the Tondo district of Philippines capital, Manila on Saturday night, affecting around 700 families, according to local media reports.

Footage of the scale of the fire was shared by the Manila Public Information Office, which said that the fire had been brought under control.

Three people are said to have been injured. The cause of the fire remains under investigation.

Client Challenge: Overcoming Obstacles for Success

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Client Challenge



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Qatar hosts summit for Muslim leaders as Israel’s attacks on Gaza City persist: Israel-Palestine conflict update

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