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Pakistan to Benefit from $6 Billion Bailout from IMF

Pakistan

ISLAMABAD – Pakistan has reached an agreement with the International Monetary Fund (IMF) for a bailout of $6 billion. Financial aid is an attempt to help the country strengthen its economic slowdown, improve public finances and reduce debt, said the IMF in a statement released Sunday. The funding, which is …

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Two Saudi Oilers Among “Sabotaged” Vessels Off the UAE

Saudi

RIYADH – Saudi Arabia said two of its tankers were sabotaged off the United Arab Emirates (UAE) during attacks that caused “significant damage” to ships, AlJazeera reported Monday. One of the ships was en route to recover Saudi oil destined for the United States, Saudi Energy Minister Khalid al-Falih said …

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EU Rejects Iran’s 60-Day Ultimatum on JCPOA

Iran

TEHRAN – The EU has rejected Iran’s ultimatum to JCPOA, which calls on the bloc to keep its commitments on the nuclear deal in the next two months, otherwise Tehran would start suspending its part, MNA reported Thursday. “We reject all ultimatums and we will assess Iran’s compliance on the …

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Pakistan to get advanced technology under CPEC: Cheng Xizhong

Cheng

BEIJING – Special Economics Zone (SEZ) will enable Pakistan to get foreign capital and advanced technology, said Professor Cheng Xizhong of Southwest University of Political Science and Law, Pakistan Today reported Thursday. It will also expedite Pakistan towards industrialization and modernization. It is expected that a formal ground-breaking ceremony of …

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EU Nations Live Well Beyond the Means of the Earth: Report

EU

BRUSSELS – All 28 European Union (EU) countries are consuming Earth’s resources much faster than they can be replenished, and none of them has a sustainable consumption policy, a report by World Wide Fund (WWF) and Global Footprint Network (GFN) said on Thursday, as European leaders meet to discuss priorities …

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North Korea Fires Unidentified Projectile: South Korean Military

Korea

SEOUL – The South Korean military said North Korea has fired an unidentified projectile. The Associated Press reported Thursday. The projectile was fired at 4.30 pm (local time) from a location in North Korea’s northwest toward the east, the South Korea’s joint chiefs of staff said in a statement, according …

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China Opposes US Unilateral Sanctions on Iran: Ministry of Commerce

China

BEIJING – China is opposed to unilateral US sanctions against Iran, and oil control measures will only worsen global energy market volatility, Reuters reported quoting the Ministry of Commerce. President Donald Trump on Wednesday imposed new sanctions on Iran on the revenue from its industrial metals exports in Washington’s latest …

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EU Elections Will Not Make Brexit Easier for Anyone Involved

European

LONDON – Former Deputy Prime Minister and Tory peer Michael Heseltine said he will not vote for his party’s candidate in European elections if they are a Brexiteer, Inews reported Wednesday. Speaking to the BBC’s Newsnight program, he said his belief that Brexit is damaging to the UK’s national interest …

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Democratic Presidential Candidate Calls Israel A “Racist Regime”

Democratic Party

SOUTH CAROLINA – With 22 candidates declared to the presidential election of the Democratic Party for 2020, the candidates are looking for a way to distinguish themselves from the crowd, Reuters reported Wednesday. A decidedly long-term candidate did just that this week, landing a fiercely anti-Israeli stance, calling the Israeli …

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