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Oil prices rise as OPEC+ sticks to planned output increase

New York, U.S. | Xinhua | Oil prices climbed on Tuesday after the world’s major oil producers pledged to stick to their plan to gradually boost output next month. The West Texas Intermediate for February delivery added 91 cents, or 1.2 percent, to settle at 76.99 U.S. dollars a barrel on …

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20 years on, euro has yet to tap its int’l potential

Frankfurt, Germany | Xinhua | The euro, a currency shared by 19 European countries, has won overwhelming support among the 340 million Europeans since it went into circulation 20 years ago. The idea of a single currency for Europe, which originated in 1970 when policy makers in Europe hoped to achieve …

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World’s largest trade deal enters into force

Jakarta, Indonesia | Xinhua | The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest trade deal so far, enters into force on Saturday. The mega free trade agreement has been applauded by the Asia-Pacific region as an important step toward deeper regional integration and a renewed worldwide momentum for free …

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Biden’s foreign policy in 2021 causes concern over U.S. global standing

Washington, U.S. | Xinhua | The Biden administration’s foreign policy has diminished the U.S. global standing with “repeated blunders,” Fox News has reported, citing foreign policy experts and lawmakers. “The U.S. military withdrawal from Afghanistan in August 2021 drew global backlash after the Taliban swiftly seized control of Kabul,” said the …

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WHO warns of “tsunami of cases” from Omicron, Delta

Geneva, Switzerland | Xinhua | The World Health Organization (WHO) cautioned on Wednesday that the more transmissible Omicron together with the currently circulating Delta variants might lead to “a tsunami of cases,” putting immense pressure on national health systems. Recapping WHO’s response since the onset of the COVID-19 pandemic, Director-General …

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