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IMF chief highlights “fundamental shift” in global economy

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday there is a “fundamental shift” in the global economy, urging countries to bring down inflation, put in place responsible fiscal policy, and jointly support emerging market and developing economies. The global economy is moving “from a world of …

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Biden pardons federal convictions for simple possession of marijuana

Washington, U.S. | Xinhua | U.S. President Joe Biden announced on Thursday that he’s pardoning all prior federal offenses of simple marijuana possession. “There are thousands of people who were previously convicted of simple possession who may be denied employment, housing, or educational opportunities as a result,” Biden tweeted. “My pardon …

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Putin urges economic measures to cushion sanctions

Moscow, Russia | Xinhua | Russian President Vladimir Putin on Thursday demanded economic measures in response to Western sanctions, which are expected to intensify. “It is important to understand that the sanctions pressure on Russia will only increase,” Putin said at a government meeting on economic issues via video link. “In …

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Digital skills more critical for jobs in Asia-Pacific: ADB report

Manila, Philippines | Xinhua | Digital skills are increasingly in demand in Asia-Pacific, with 75 percent of employers in four countries reporting a rise in demand for new hires with digital skills over the last five years, according to a new joint report by the Asian Development Bank (ADB) and LinkedIn released …

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Mexico to file new lawsuit against lax U.S. gun laws

Mexico city, Mexico | Xinhua | Mexico’s government plans to file a new civil lawsuit in the United States alleging U.S. arms manufacturers are arming drug cartels and other criminal groups through proxies and fronts, said Mexican Foreign Affairs Minister Marcelo Ebrard on Wednesday. “We are going to show that they …

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Iran warns of “reciprocal response” should EU continue “double-standard behavior”

Tehran, Iran | Xinhua | Iranian foreign minister slammed on Wednesday “meddlesome stances” by certain European officials regarding recent developments in Iran, warning of “effective and reciprocal” action if the European Union (EU) continues its “double-standard behavior.” Hossein Amir-Abdollahian made the remarks in a phone conversation with his Italian counterpart Luigi …

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Trump asks U.S. Supreme Court to intervene in FBI raid case

Washington, U.S. | Xinhua | Former U.S. President Donald Trump has requested that the Supreme Court get involved in his conflict with the Department of Justice (DOJ) over classified documents that were removed from his Florida home by the Federal Bureau of Investigation (FBI). In a filing of around 300 pages …

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OPEC+ to cut oil output by 2 mln bpd from November

Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Wednesday announced a major production cut of 2 million barrels per day (bpd) starting November to bolster oil prices that have recently tumbled over recession fears. The oil alliance …

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UN grants Nansen Refugee Award to former German Chancellor Merkel

Geneva, Switzerland | Xinhua | The United Nations High Commissioner for Refugees (UNHCR) on Tuesday announced that former German Chancellor Angela Merkel will receive the 2022 UNHCR Nansen Refugee Award. The selection committee said it was recognizing Merkel’s “leadership, courage and compassion in ensuring the protection of hundreds of thousands of …

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Elon Musk proposes to buy Twitter at original price

San Fransisco, U.S. | Xinhua | Tesla CEO Elon Musk has proposed to proceed with a deal to buy Twitter at the original price of 44 billion U.S. dollars, according to a financial filing on Tuesday. The offer came ahead of a trial scheduled at the Delaware Chancery Court on Oct. …

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