WORLD

Changes in fiscal, monetary, climate and debt policy are needed to counter capital misallocation and inequality Washington, U.S. | Xinhua | The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the January projection, the World Bank Group said in its latest Global …

London, UK | Xinhua | British Prime Minister Boris Johnson may have survived a grueling no-confidence vote but he has been “wounded” by the revolt in his own Conservative Party, casting doubt on his political future, experts told Xinhua. Johnson vowed to carry on at 10 Downing Street after elected Conservative …

London, UK | Xinhua | British Prime Minister Boris Johnson on Monday won a no-confidence vote among Conservative lawmakers, saving his precarious premiership. Johnson won the support of 211 out of 359 lawmakers, dozens more than the threshold of 180 votes, according to the result announced by Graham Brady, chairman of …

Moscow, Russia | Xinhua | Russian President Vladimir Putin said Monday that the 2020s would be a time for his country to strengthen its economic sovereignty. Russia will speed up the development of infrastructure and key technology and establish an independent and efficient financial system, Putin said in a message to …

Moscow, Russia | Xinhua | Moscow will “draw appropriate conclusions” and hit new targets if Washington delivers long-range missiles to Kiev, Russian President Vladimir Putin said in an interview broadcast on Sunday. “If they are handed over (to Kiev), we will draw appropriate conclusions, and deploy our weapons to strike at …

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has called for negotiations between Russia and Ukraine to end the ongoing conflict. Speaking on zoom to the former President of Russia and current Chairman of the United Russian Party, Dmitry Medvedev, Museveni said the only viable option out of the …

Havana, Cuba | Xinhua |  Cuban President Miguel Diaz-Canel has congratulated the leader of Cuba’s socialist revolution Raul Castro on his 91st birthday. “Congratulations, my Army General on your 91st (birthday). Thank you for your teachings, example, confidence and optimism. With you at the forefront, a certainty always emerges: Yes, …

Moscow, Russia | Xinhua | Russian President Vladimir Putin discussed political, trade and economic cooperation, as well as the impact of Western sanctions with the Chairperson of the African Union (AU) and Senegalese President Macky Sall in the southern Russian city of Sochi on Friday. Putin and Sall addressed a …

Rome, Italy | Xinhua | The decision by the European Union (EU) earlier this week to ban 90 percent of oil imports from Russia by the end of the year is aimed at crimping the Russian economy amid the high-profile crisis in Ukraine. But the move, part of a wider array …

Oil production to increase by 648,000 barrels per day (bpd) in July Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Thursday agreed to significant oil output increases in July amid calls for the alliance to help contain …