Category: world
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China Defends Manufacturing Push, Says World Needs More EVs
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Breadcrumbs Path Links PMN Business China’s manufacturing capacity helps the world fight climate change and contain inflation, Vice Finance Minister Liao Min said, responding to recent criticism from U.S. Treasury Secretary Janet Yellen of the country’s industrial surplus. Article author: Bloomberg News Bloomberg News Published on July 27, 2024 •…
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World leaders praise Biden’s record after he quits presidential race
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World leaders have praised Joe Biden after the US president announced he would not run for re-election in November. He is the first president since 1968 to withdraw from the presidential race. Biden, 81, has been under intense pressure from senior Democratic figures to step down after a disastrous debate…
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World leaders condemn shooting at Trump rally, denounce political violence By Reuters
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By Kanishka Singh WASHINGTON (Reuters) – Various world leaders on Saturday condemned the shooting at a Donald Trump rally in Pennsylvania in which the former president was shot in the right ear and a rally attendee and the shooter were killed. Leaders from several countries expressed shock at the incident,…
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France’s president called a surprise election. The result could diminish his power in world affairs
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Breadcrumbs Path Links PMN Business Article author: Associated Press John Lister Posted on July 06, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content PARIS (AP) — French President Emmanuel Macron — if…
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Kenya settles Sh72bn Eurobond debt balance with World Bank cash
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Kenya settled the balance of $560 million (Sh72 billion) of 2014 Eurobonds using part of the proceeds from a $1.2 billion World Bank loan, the Central Bank of Kenya said. The debt, which was due on June 14, was settled on Friday, along with the latest semi-annual interest payment of…
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Kenya settles Sh72bn Eurobond debt balance with World Bank cash
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Kenya settled the balance of $560 million (Sh72 billion) of 2014 Eurobonds using part of the proceeds from a $1.2 billion World Bank loan, the Central Bank of Kenya said. The debt, which was due on June 14, was settled on Friday, along with the latest semi-annual interest payment of…
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Wall St follows world stocks higher powered by AI, rate cut hopes By Reuters
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Written by Amanda Cooper and Mark Jones LONDON (Reuters) – Wall Street bulls continued a string of record highs for global stocks on Thursday after Europe cheered when Switzerland cut interest rates again and the Bank of England hinted it may start cutting interest rates soon as well. US traders…
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Bitcoin Education Can Change The World
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Company Name: Mi Primer Bitcoin Founder: John Dennehy Date of Establishment: August 2021 Headquarters location: Savior The amount of Bitcoin held in the vault: Approximately 0.5 Bitcoin Number of Employees: 21 website: https://miprimerbitcoin.io/ Public or private? Private (non-profit) John Dennehy wants to change the world – and he believes Bitcoin…
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10 predictions on how artificial intelligence will reshape the world: UBS
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G studios Since ChatGPT was introduced in late 2022, Microsoft (NASDAQ:MSFT) With the support of its creator, generative AI is taking on the world and its broader implications for the global economy and society as a whole. While some research companies We believe generative AI can do this Heart of…
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World leaders join Ukraine summit in test of Kyiv’s diplomatic clout By Reuters
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Written by John Revell and Emma Farge LUCERNE, Switzerland (Reuters) – World leaders will gather in Switzerland on Saturday for a summit aimed at pressuring Russia to end its war in Ukraine, but Moscow’s absence of powerful allies such as China will limit its potential influence. Dozens of Ukraine’s allies…
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How the US is daring the world to find a dollar alternative By Reuters
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Written by Paritosh Bansal (Reuters) – The United States is working to reduce the pillars that support the dollar as the world’s reserve currency, and the latest blows came from some powerful Americans who question the rule of law after the conviction of Donald Trump. In doing so, it is…
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Kenya to use World Bank loan to clear Sh65bn Eurobond
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Kenya will use part of the recently obtained Sh156.8 billion loan from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its first Eurobond maturing on June 24. The final sovereign bond payment for 2014 is expected to allay investor fears that contracted foreign exchange…
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Major world economies seeking to stop new private sector coal financing – Reuters
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keni1/iStock via Getty Images Reuters reported this week that some of the world’s major economies want to finalize a plan before this year’s UN COP29 climate summit in November to halt new private sector financing for coal projects. If the draft proposal is approved by The OECD would be the…
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Cheapest cryptocurrency in the world
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It is interesting to know what is the cheapest cryptocurrency to buy in 2024? Check out our top 7 low-cost cryptocurrencies with potential for growth. Bitcoin (BTC) has been in the news recently for reaching an all-time high price of over $73,000, making it the most expensive cryptocurrency in the…
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Cheapest cryptocurrency in the world
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It is interesting to know what is the cheapest cryptocurrency to buy in 2024? Check out our top 7 low-cost cryptocurrencies with potential for growth. Bitcoin (BTC) has been in the news recently for reaching an all-time high price of over $73,000, making it the most expensive cryptocurrency in the…
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Meme stock world waits with bated breath as ‘Roaring Kitty’ teases livestream By Reuters
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Written by David Randall NEW YORK (Reuters) – Meme stock traders will be glued to their screens on Friday, when Keith Gill, the online influencer and key figure behind the stunning rise in GameStop (NYSE:) shares in 2021, hosts his own conference. First live broadcast on YouTube in three years.…
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World stocks shine after cautious ECB rate cut By Reuters
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Written by Mark Jones and Koh Gui Cheng NEW YORK/LONDON (Reuters) – Global stocks hit all-time highs and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, while signaling that further moves may take some time. Policymakers at…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…
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World Bank seeks sanctions, jobs for refugees in new Sh158bn loan
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The World Bank has asked the government to impose sanctions on Cabinet ministers, governors and CEOs of parastatals that continue to pay canceled concessions as part of conditions for a 157.8 billion shillings ($1.2 billion) loan to Kenya. The Washington-based bank also asked the country to lift its ban on…