Washington, U.S. | Xinhua | There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative impacts, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Friday. “Emerging markets and developing countries have stressed that for them, it is paramount that they have the opportunity to drive …
Read More »U.S. Supreme Court rejects Trump’s request to intervene in documents controversy
Washington, U.S. | Xinhua | The U.S. Supreme Court has rejected former President Donald Trump’s request to get involved in the dispute over documents taken from his Florida home this summer. Trump requested the justices reverse a decision from a lower court and allow a special master to examine around 100 …
Read More »UK Chancellor Kwarteng resigns amid mini-budget chaos
London, UK | Xinhua | Kwasi Kwarteng, chancellor of the exchequer of the United Kingdom (UK), resigned on Friday after his mini-budget was blamed for causing economic turmoil. “You have asked me to stand aside as your Chancellor. I have accepted,” Kwarteng said in his resignation to Prime Minister Liz Truss …
Read More »Trump responds to committee’s vote to subpoena him over Capitol riot
Washington, U.S. | Xinhua | Former U.S. President Donald Trump has released a lengthy response to the Jan. 6 committee’s vote to subpoena him over the Capitol riot. “This memo is being written to express our anger, disappointment, and complaint,” Trump wrote in a letter to Democratic Congressman Bennie Thompson, chairman …
Read More »World Bank chief says global economy “dangerously close” to a recession
Washington, U.S. | Xinhua | The global economy is “dangerously close” to a recession, as inflation remains elevated, interest rates rise, and growing debt burden hits the developing world, World Bank President David Malpass said Thursday. “We’ve lowered our 2023 growth forecast from 3 percent to 1.9 percent for the global …
Read More »Russia won’t recognize Nord Stream leaks probe if domestic experts excluded: Foreign ministry
Moscow, Russia | Xinhua | Without the participation of Russian experts, Moscow won’t recognize any results of investigations into leaks on the Nord Stream pipelines, the Russian Foreign Ministry said Thursday. In a statement, the ministry said it had summoned envoys from Germany, Denmark and Sweden in recent days to express …
Read More »Spanish press highlight damage to economy after Barca’s Champions League flop
Madrid, Spain | Xinhua | FC Barcelona’s 3-3 draw at home to Inter Milan on Wednesday night leaves the debt-ridden club on the verge of an early exit from the Champions League for the second year in succession. The result, which came after a thrilling game, means Barca have to win …
Read More »Uganda again abstains in UN vote against Russia
New York, US | Rédaction Africanews & AFP | The UN General Assembly on Wednesday condemned Russia’s “illegal annexations” of Ukrainian territory after Moscow vetoed a similar text in the Security Council in late September. Twenty-six African countries voted in favor of the resolution rejecting Moscow’s controversial referenda in four Ukrainian …
Read More »Putin offers additional gas supply to Europe
Moscow, Russia | Xinhua | Russia is ready to deliver additional volumes of natural gas to the European Union in the autumn-winter period, President Vladimir Putin said Wednesday. One of the two branches of the Nord Stream 2 pipeline has survived the recent leak incident and Russia is willing to send …
Read More »Oil prices drop as OPEC cuts forecasts for demand growth
New York, U.S. | Xinhua | Oil prices fell on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) lowered its global oil demand growth estimates for both 2022 and 2023. The West Texas Intermediate for November delivery decreased 2.08 U.S. dollars, or 2.3 percent, to settle at 87.27 dollars …
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