1117 GMT August 09, 2022
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International Desk
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Sri Lanka appointed nine new cabinet members on Friday, among them ministers for the critical portfolios of health, trade and tourism, as the island nation battles its worst economic crisis in history.
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British consumers are reacting to the cost of living crisis by trading down in both stores and products, switching from supermarkets to discounters and from branded to lower priced and private label products, a report from consultants McKinsey said on Monday.
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Crisis-hit Sri Lanka has run out of petrol and is unable to find dollars to finance essential imports, the new prime minister said Monday in an address to the nation.
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The rising cost of living in Britain will have a significant impact on the growth of the economy this year. However, it is expected that the Bank of England will still increase interest rates once more this week, marking the fourth time in a row of rising the cost of borrowing, as a Reuters poll revealed.
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The leaders of the International Monetary Fund, World Trade Organization and the World Bank called for quick work on a new action plan on food security to be prepared by international financial institutions.
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Pakistan’s Supreme Court on Tuesday delayed its decision on whether Prime Minister Imran Khan and his allies dissolved parliament illegally earlier this week, setting the stage for snap elections.
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Tehran denounced the U.S.-led North Atlantic Treaty Organization (NATO)’s interference in the volatile eastern part of Ukraine, stating that the military alliance’s provocative measures have complicated the situation and led to the sharp escalation of tensions there.
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Ten million jobs in creative industries worldwide were lost in 2020 as a result of the COVID pandemic, and the increasing digitisation of cultural output means it is harder than ever for artists to make a living, a UNESCO report said.
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‘Iran will object to Saudi Arabia’s delayed decision’
Political Desk
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Afghanistan is facing a looming humanitarian crisis as aid organizations struggle with ways to pay doctors, nurses and others on the ground because there is currently no way to transfer salaries to bank accounts there, the head of the International Committee of the Red Cross said.
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Poland warned on Wednesday that the crisis on the Belarusian border could last for months or even years, a day after Polish forces used tear gas and water cannon to deter migrants.
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Protests took to the streets for a second day in cities around the world as part of a global mobilisation against what campaigners say is a lack of urgency to address global warming at a crunch United Nations climate summit in Glasgow, Scotland.
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Britain's chronic lorry driver shortage, sparked by Brexit and coronavirus fallout, shows no sign of improvement despite government efforts, industry bosses said Tuesday.
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Qatar, the world's largest seller of liquefied natural gas (LNG), told consumers it was powerless to cool energy prices as British steelmakers said they could be forced to halt output in the face of soaring costs.
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