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This is the World in Brief from The Economist.

Our top stories.

Amazon share price rose by almost 10% in after hours trading after it reported strong quarterly earnings.

Revenues of its cloud computing unit, Amazon

Web Services, grew by 20% in this quarter compared with last year, its fastest pace since

2022, driven by AI-related demand for extra computing power. The tech giant's net income overall was $21.2 billion, up by 39%.

The European Central Bank kept its benchmark interest rate at 2% for a third straight meeting.

Christine Lagarde, the ECB chair, said monetary policy is, quote, in a good place

as the economy begins to show signs of a recovery. Policymakers didn't rule out future cuts,

however, noting that the impact of America's tariffs could weigh on growth in the months ahead.

The Trump administration slashed the number of refugees it will omit to America over the next year

to 7,500, a decision it said was, quote, in the national interest. The previous limit under the Biden

administration was 125,000.

It said it would prioritize white South Africans known as Afrikaners,

a group the administration has claimed has been discriminated against.

Prince Andrew, the brother of King Charles III, was stripped of his prince title.

He will be known as Andrew Mountbatten Windsor and must leave the Royal Lodge.

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