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Russia, In Default On Sovereign Debt, Blames US For Blocking Payments

For the first time since 1918, when Vladimir Lenin repudiated the debts of the former Russian Empire, Russia has defaulted on its sovereign debt. It did so by failing to make a payment of approximately $100 million in dollars and euros to bondholders.The default came about not because Russia is short of cash — Vladimir Putin’s government is profiting handsomely […]

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Caribbean Encouraged To Tap Into IMF’s Resilience And Sustainability Trust

International Monetary Fund (IMF) Caribbean Member Countries are being encouraged to lead take-up of the institution’s multibillion-dollar Resilience and Sustainability Trust (RST). The RST is aimed at helping countries build resilience against external shocks and ensure sustainable growth, contributing to their long-term balance of payments stability. Managing Director, Kristalina Georgieva, said that Caribbean countries are ideally positioned to tap into […]

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U.N. Secretary-General — World Faces ‘Real Risk’ Of Multiple Famines

U.N. Secretary-General Antonio Guterres told an international conference on food security held recently that the world is facing the “real risk” of multiple famines this year and that 2023 could be even worse. “The war in Ukraine has compounded problems that have been brewing for years: climate disruption; the COVID-19 pandemic; the deeply unequal recovery,” Guterres said by video message […]

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Ukraine’s Foreign Minister Says Kyiv Is Ready To Export To Africa After Russia Lifts  Blockade

According to Ukraine’s Foreign Minister Dymtro Kuleba, his country will be ready to export much-needed grain to Africa as soon as Russia lifts its Black Sea blockade. In a U.S.-arranged online briefing to journalists recently, the minister blamed Russia for the global food crisis affecting millions of Africans and called for more African support against Moscow. Kuleba argued that his […]

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Guterres Makes Appeals For Cross-Border Operation Aid To Syrian Refugees

Secretary-General Antonio Guterres told the Security Council that it is a “moral imperative” for the 15 members to renew a cross-border aid operation from Turkey into northwest Syria that assists more than 4 million people. The council must vote on renewing the mechanism by July 10. Russia says it prefers all aid to go through Damascus. U.N. humanitarian officials say […]

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G7 Countries Seek To Put Gold Pressure On Russia

The U.K., U.S., Canada, and Japan are seeking to punish Russia further with the ban on the imports of Russian gold. The aim is to cripple Moscow’s ability to fund the war in Ukraine. The UK PM noted that the latest move would “strike at the heart of Putin’s war machine.” According to reports, in 2021, gold exports to Russia […]

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Turkish Police Prevent Istanbul Pride From Going Ahead

ISTANBUL (Reuters) – Turkish police blocked hundreds of people from gathering for Istanbul’s annual Pride parade on Sunday and detained dozens after local authorities banned the march from going ahead again this year. Thousands of people used to attend Pride marches on Istanbul’s main Istiklal Avenue but in recent years the government led by President Tayyip Erdogan and his Islamist-rooted […]

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Russia Attacks Ukraine’s Two Biggest Cities, Kyiv And Kharkiv

Russia launched new missile attacks Sunday on Ukraine’s two biggest cities, the capital of Kyiv and Kharkiv, even as leaders of the Group of Seven nations from the world’s leading democracies held talks in the Bavarian Alps to determine new ways to isolate Moscow. Kyiv Mayor Vitali Klitschko said at least two apartment buildings in the city were hit, leaving […]

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Protesters At U.S. Supreme Court Decry Abortion Ruling Overturning Roe v. Wade

WASHINGTON/JACKSON, MISS. — Hundreds of protesters descended on the U.S. Supreme Court Saturday to denounce the justice’s decision to overturn the half-century-old Roe v. Wade precedent that recognized women’s constitutional right to abortion. The sweeping ruling by the court, with a 6-3 conservative majority, was set to vastly change American life, with nearly half the states considered certain or likely to […]

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Disney, Other US Companies Offer Abortion Travel Benefit As Supreme Court Strikes Down Roe

NEW YORK — U.S. companies including Walt Disney Co. and Facebook parent Meta Platforms Inc. said Friday they will cover employees’ expenses if they have to travel for abortion services after the U.S. Supreme Court overturned Roe v. Wade. The U.S. Supreme Court on Friday took the dramatic step of overturning the landmark 1973 ruling that recognized a woman’s constitutional right […]