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Here’s a rundown of all the news you need to start your Friday with, including Donald Trump formally accepting the Republican Party’s nomination as its presidential candidate amid rising calls for President Joe Biden to withdraw from the race, the UN saying a two-state solution cannot be voted away in response to a resolution passed by the Israeli parliament that rejects the establishment of a Palestinian state and the White House saying it has "every expectation" that US President Joe Biden will meet with Israeli Prime Minister Benjamin Netanyahu when he visits the US capital next week, despite Biden's recent coronavirus diagnosis.
TOP STORIES
Former US President Donald Trump formally accepted the Republican Party’s nomination as its presidential candidate in his first speech since surviving an attempted assassination.
"Tonight, with faith and devotion, I proudly accept your nomination for president of the United States," Trump said during his speech at the Republican National Convention in Milwaukee, Wisconsin.
“I am running to be president for all of America, not half of America, because there is no victory in winning for half of America,” he said after Saturday's assassination attempt at his campaign rally in Pennsylvania.
The UN said a two-state solution cannot be voted away in response to a resolution passed by the Israeli parliament that rejects the establishment of a Palestinian state.
Spokesman Stephane Dujarric said UN Secretary-General Antonio Guterres is disappointed by the Israeli parliament’s decision to pass the measure.
"It's clear you can't vote away the two-state solution," Dujarric told reporters.
The White House said it has "every expectation" that President Joe Biden will meet with Israeli Prime Minister Benjamin Netanyahu when he visits the US capital next week, despite Biden's recent coronavirus diagnosis.
National Security Council spokesperson John Kirby told reporters that final details have to be worked out but emphasized that Biden's recovery from the virus is the current priority.
"Obviously, we need to make sure that the president's health and his recovery from COVID takes priority, and if and how that might affect a discussion with Prime Minister Netanyahu. We're just not in a position today to be able to know," he said.
NEWS IN BRIEF
SPORTS
Borussia Dortmund announced that Guinean forward Serhou Guirassy has joined the German Bundesliga side.
The 28-year-old will remain with the Black and Yellows until June 30, 2028, according to the statement.
"When Borussia Dortmund asks, it's something special," Guirassy said. "Every child in the world who is interested in football knows this club, knows the black and yellow jerseys, knows the Yellow Wall. I'm very excited about all of this, about my new teammates. And it's important for me to say: I came here to win titles."
Real Madrid, after losing the top spot to Manchester City last year, have returned as the world's most valuable football club this year with $1.8 billion in brand value, according to Brand Finance's data this week.
With a brand strength score of 96.3 out of 100, the Spanish club has beaten major global brands such as Google, Coca-Cola, Ferrari and Rolex.
On the other hand, Real Madrid are the most followed football club on social media platforms, while brand power is a critical criterion for brands.
BUSINESS & ECONOMY
US President Joe Biden announced that his administration is canceling an additional $1.2 billion in student debt for another 35,000 borrowers.
The latest action brings the total loan forgiveness amount approved by the Biden administration to more than $168 billion for approximately 4.8 million Americans.
"These 35,000 borrowers approved for forgiveness today are public service workers – teachers, nurses, law enforcement officials and first responders who have dedicated their lives to strengthening their communities, and because of the fixes we made to Public Service Loan Forgiveness, they will now have more breathing room to support themselves and their families," Biden said in a statement released by the White House.
Existing homes purchased by international buyers in the US declined to the lowest level in 15 years, according to a report released by the National Association of Realtors (NAR).
International buyers acquired $42 billion worth of residential properties in the US from April 2023 through March 2024, marking a 21.2% decrease from the previous year, the report noted.
The total number of existing homes sold, 54,300 units, saw a 36% drop from the prior year, marking the lowest level since NAR began tracking in 2009.
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