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EU officials warn of economic slowdown

Brussels, Belgium | Xinhua | The European economy is slowing down and a contraction is predicted at least for the winter months due to the energy crisis and high inflation, European Commissioner for Economy Paolo Gentiloni warned on Monday. “If we look at high-frequency indicators and the economic sentiment, we see …

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WHO expert calls for faster response to climate change

Copenhagen, Denmark | Xinhua | Hans Kluge, regional director for Europe at the World Health Organization (WHO), called the current response to climate change “dangerously inconsistent and far too slow” in a statement on Monday. “Climate change and the crises it has triggered have long been clear health emergencies. WHO …

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Japan gov’t urged to end free COVID-19 vaccinations

Tokyo, Japan | Xinhua | An advisory panel for the finance minister on Monday proposed that the Japanese government end free-of-charge coronavirus vaccinations, highlighting concerns over a further increase of its financial strain. Japan’s Ministry of Finance convened a subcommittee meeting on Monday and asked a panel of experts to start …

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Dollar as U.S. currency, now is problem of world

Washington, U.S. | Xinhua | The U.S. central bank raised the benchmark lending rate by 0.75 percentage point last week, the fourth increase of that size and the sixth hike this year, bringing its key rate into a range of 3.75 percent to 4 percent, the highest in 15 years. The …

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COP27 opens in Sharm El-Sheikh, Egypt

Sharm El-Sheikh, Egypt | Xinhua | The 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) opened on Sunday in Egypt’s coastal city of Sharm El-Sheikh in hopes to turn global climate finance pledges into action. During his speech at the opening ceremony, Egyptian …

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Chinese companies receive attention at Turkish trade expo

Istanbul, Turkey | XINHUA | Chinese companies from a wide array of sectors have received “intense attention” at an international trade expo being held in Türkiye’s biggest city Istanbul, a Turkish business leader said on Friday. A total of 32 Chinese companies and business groups have participated the Independent Industrialists …

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