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Sunday, 2 December 2018

George H.W. Bush dead at 94; Wall Street to close Wednesday for national day of mourning

George H.W. Bush, 41st president of the United States and father of the 43rd, dies at age 94: Former US president George H.W. Bush passed away Friday night at the age of 94. A Republican, he presided with intelligence and decency over the end of the Cold War during his single-term 1989-1993 presidency and led an international coalition to kick Iraqi forces out of Kuwait.

Bush’s passing is the lead story in the international press. Must-reads are obits from the New York Times and Washington Post (both of which shine at moments like these). Also worth a look are offerings from the Wall Street Journal and the Financial Times. Bill Clinton wrote a farewell to the politician whose bid for a second term he crushed — a man who disdained him, but with whom he became very close friends in the 2000s.

US financial markets are closed on Wednesday in honor of Bush as America observes a national day of mourning, Bloomberg reports.

The G20 meeting in Buenos Aires ended with something of a whimper with a joint statement that promised a vague overhaul of the World Trade Organization that The Donald has consistently savaged and suggesting only that “the multilateral trading system had made a ‘contribution’ to growth, development and innovation but there was ‘room for improvement,’” the Financial Times notes. The WSJ adds that the statement was watered down to get both the US and China on board. Chinese media are reporting that Trump and Xi Jinping agreed there would be no additional tariffs imposed after 1 January 2019, CNBC suggests.

Oh, and everyone at the G20 reiterated their (largely half-hearted) commitment to fighting climate change except for Trump, Axios adds.

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