New body for resolving international conflicts has a $1bn price tag for permanent membership.

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United States President Donald Trump has formally announced the first charter of his so-called “Board of Peace“, a body for resolving international conflicts with a $1bn price tag for permanent membership.

The board, which Trump launched in a signing ceremony in Davos, Switzerland, on Thursday, was originally conceived to oversee the rebuilding of Gaza after Israel’s two-year genocidal war on the Strip. But a draft of the charter does not appear to limit its role to the Palestinian territory.