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US Treasury chief urges stronger IMF role against ‘distortionary policies’

US Treasury Secretary Scott Bessent called Wednesday for the IMF to do more in tackling “distortionary policies” that impact competition, a comment that appears directed at China.”Policymakers around the world are having difficult discussions about how to sustain market-based systems amid distortionary policies from some economies that skew competition and hurt employment,” Bessent said. He […]

In Chicago, pope’s hometown, Catholics express shock and support

Priests and parishioners in Pope Leo XIV’s hometown of Chicago expressed shock, support and hope Wednesday after doctors discovered that a nodule removed from his lung was cancerous.”It was a shock to everyone. I have to say my husband passed away from cancer, so I know that feeling,” said Gail Spreen after coming out of […]

US stocks fall after hot inflation report as leading AI shares tumble

Wall Street stocks fell Wednesday following a hotter-than-expected US inflation reading, with the Nasdaq particularly hit due to weakeness in leading artificial intelligence equities. The consumer price index was up more than analysts expected in September, rising 3.7 percent on a year-on-year basis, a marked increase from August’s 3.4 percent reading. “Today’s CPI report came in […]

Chiclayo prays for recovery and return of the ‘Peruvian pope’

In northern Peru, the self-anointed “city of Pope Leo XIV” is feverishly preparing for a visit by its former bishop, despite the pontiff’s lung cancer diagnosis raising doubts over his travel plans. The Vatican has yet to confirm whether Leo’s tour of Uruguay, Argentina and Peru, a country where he spent nearly two decades and […]

Houthis say targeted Saudi oil giant Aramco, vow more attacks

Yemen’s Houthis said Wednesday they had targeted facilities belonging to Saudi Aramco, after Saudi officials reported a strike on a building in an area housing the energy giant’s operations centre. Powerful explosions also rattled Riyadh, as the Saudi-led coalition fighting the Houthis said it intercepted a missile fired by the Iran-backed group towards the capital. […]

Pope out of bed, progress ‘normal’ after cancer operation

Pope Leo XIV is out of bed, walking and eating after doctors removed a cancerous tumour from his lung, while post-surgery tests show his progress is “normal”, his doctors said Wednesday. Part of the pope’s right lung was removed in Tuesday’s operation at Rome’s Gemelli hospital and the leader of the world’s 1.4 billion Catholics […]

Macron says French student protesters ‘exploited’ by political forces: spokeswoman

French President Emmanuel Macron believes the students waging three weeks of protests that have closed many schools have “legitimate” grievances but are also being “exploited” by political forces, a government spokeswoman said Wednesday. The leader, who is in his final six months of office, has asked the government to come up with “concrete responses” to […]

Ukraine war reaches shores of Bulgarian fishing village

After a series of drone attacks on ships off the coast, the conflict in Ukraine has taken on a new immediacy for residents of Krapets, a tiny Bulgarian Black Sea fishing village. When Stefan Irinkov, 82, heard a loud bang in the early hours of Tuesday, he thought little of it — until he learned […]

Restrictions expose Ukraine’s Starlink dependency in Russia war: observers

Restrictions reported by Ukraine on its use of the US satellite internet system Starlink have exposed Kyiv’s reliance on the technology for both offensive and defensive operations in its fight against Russia’a invasion, analysts and observers say. A senior Ukrainian official, who asked not to be named, told AFP on Wednesday that Starlink data communication […]