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UN chief says IMF, World Bank need urgent reforms

Nairobi, Kenya | THE INDEPENDENT | The UN Secretary-General, António Guterres has called for urgent reforms at the World Bank and the International Monetary Fund saying their policies are unfair to Africa which is faced with a debt crisis. The UN Chief who was in Nairobi at the high-level Africa Climate Summit said …

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Zelensky to replace defense minister

Kiev, Ukraine | Xinhua  |  Ukrainian President Volodymyr Zelensky on Sunday announced the decision to replace Defense Minister Oleksii Reznikov. In his nightly video address, Zelensky said he plans to dismiss Reznikov and ask parliament this week to confirm Rustem Umerov, head of the country’s main privatization fund, as his …

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Britain’s defense secretary resigns

London, UK | Xinhua |  Ben Wallace tendered his resignation as Britain’s defense secretary on Thursday in a letter to Prime Minister Rishi Sunak, according to the country’s government. Wallace was appointed as the defense chief in 2019 under the government of Boris Johnson. He said last month he wanted …

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German GDP to shrink 0.5 pct in 2023

Berlin, Germany | Xinhua | The real gross domestic product (GDP) of Germany, Europe’s largest economy, is projected to shrink by up to 0.5 percent in 2023, the German Economic Institute (IW) said on Tuesday. The drop is driven by high inflation and interest rates as well as by problems …

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Libyan foreign minister flees to Turkey after meeting Israel counterpart

Jerusalem, Israel | Xinhua | Israeli Prime Minister Benjamin Netanyahu announced Tuesday a revision to the procedures for confidential diplomatic meetings after his foreign minister sparked controversy by disclosing a closed-door meeting with the Libyan counterpart. Netanyahu instructed all government ministers to seek approval from his office before conducting any …

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Putin, Modi discuss BRICS summit, bilateral ties over phone

Moscow, Russia | Xinhua | Russian President Vladimir Putin and Indian Prime Minister Narendra Modi held phone talks Monday on the outcomes of the recently held BRICS Summit and bilateral cooperation. Noting the importance of the agreements reached during the 15th BRICS Summit held recently in Johannesburg, South Africa, the …

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