Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, said on Thursday that they would stick to a previously decided output boost in August despite calls for bigger increases to rein in crude prices. At its last meeting in …
Read More »First African American woman sworn in as U.S. Supreme Court justice
Washington, U.S. | Xinhua | Ketanji Brown Jackson was sworn in at noon on Thursday to formally become an associate justice of the U.S. Supreme Court, making her the nation’s first African American woman to serve in that role. Chief Justice John Roberts administered the constitutional oath for Jackson while Associate …
Read More »Russia summons Norwegian charge d’affaires over transit ban issue
Moscow, Russia | Xinhua | The Russian Foreign Ministry summoned Norwegian Charge d’Affaires Solveig Rossebo over Norway’s decision to block the delivery of goods to Spitsbergen, the ministry said in a statement on Wednesday. Rossebo was informed about the “unacceptable situation around the delivery of cargos to Spitsbergen blocked by the …
Read More »Global agrifood market more balanced, but trade costs must fall: FAO
Rome, Italy | Xinhua | Reducing trade costs would help boost sustainable development in the agrifood sector, enhancing integration and transformation especially in low-income economies, the United Nations Food and Agriculture Organization (FAO) said in a flagship report Tuesday. “A robust and well-integrated global agrifood system can help all countries withstand …
Read More »Is a major recession unavoidable?
Recession: Three economists give their views NEWS ANALYSIS | We are in a double bind right now. Prices are going through the roof but all the signs suggest that the economy is weakening. The answer to higher prices is normally to raise interest rates, but this also induces people and firms …
Read More »UNICEF report reveals grave violations against children in conflict
United Nations | Xinhua | Between 2005 and 2020, the United Nations verified over 266,000 grave violations against children in more than 30 situations of conflict worldwide, the UN Children’s Fund (UNICEF) said Tuesday in a new report. The violations were committed against children by parties to conflict across Africa, …
Read More »Russia legalizes parallel imports amid Western sanctions
Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a bill into law on Tuesday legalizing “parallel imports” in the country in a bid to stabilize prices amid Western economic sanctions. The law protects Russian companies that import certain categories of goods without the permission of the intellectual property owner, …
Read More »Turkey greenlights Sweden, Finland’s NATO bid, internal conflicts remain
Madrid, Spain | Xinhua | Turkey changed its position and agreed to support Sweden and Finland’s NATO membership applications on Tuesday during the ongoing NATO Summit in Madrid, while conflicts within the military bloc still remain. After an extended meeting among leaders from the three countries together with NATO Secretary General …
Read More »G7 summit concludes, pledging new sanctions on Russia
Elmau, Germany | Xinhua | The leaders of the Group of Seven (G7) nations vowed to “continue to impose severe and immediate economic costs” on Russia at the conclusion of their three-day summit on Tuesday. They said they were seeking to impose a “price cap” on Russian oil, but no specific …
Read More »U.S. in “national battle” over abortion rights
Houston, U.S. | Xinhua | A wave of protests and lawsuits has swept the United States after the Supreme Court on Friday overturned the landmark 1973 Roe v. Wade decision that established a constitutional right to abortion. A judge on Monday blocked southern state Louisiana from enforcing the abortion ban, while …
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