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OPEC+ stays course on oil output boost in August

Vienna, Austria | Xinhua | The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, said on Thursday that they would stick to a previously decided output boost in August despite calls for bigger increases to rein in crude prices. At its last meeting in …

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Russia summons Norwegian charge d’affaires over transit ban issue

Moscow, Russia | Xinhua | The Russian Foreign Ministry summoned Norwegian Charge d’Affaires Solveig Rossebo over Norway’s decision to block the delivery of goods to Spitsbergen, the ministry said in a statement on Wednesday. Rossebo was informed about the “unacceptable situation around the delivery of cargos to Spitsbergen blocked by the …

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Global agrifood market more balanced, but trade costs must fall: FAO

Rome, Italy | Xinhua | Reducing trade costs would help boost sustainable development in the agrifood sector, enhancing integration and transformation especially in low-income economies, the United Nations Food and Agriculture Organization (FAO) said in a flagship report Tuesday. “A robust and well-integrated global agrifood system can help all countries withstand …

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UNICEF report reveals grave violations against children in conflict

  United Nations | Xinhua | Between 2005 and 2020, the United Nations verified over 266,000 grave violations against children in more than 30 situations of conflict worldwide, the UN Children’s Fund (UNICEF) said Tuesday in a new report. The violations were committed against children by parties to conflict across Africa, …

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Russia legalizes parallel imports amid Western sanctions

Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a bill into law on Tuesday legalizing “parallel imports” in the country in a bid to stabilize prices amid Western economic sanctions. The law protects Russian companies that import certain categories of goods without the permission of the intellectual property owner, …

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G7 summit concludes, pledging new sanctions on Russia

Elmau, Germany | Xinhua | The leaders of the Group of Seven (G7) nations vowed to “continue to impose severe and immediate economic costs” on Russia at the conclusion of their three-day summit on Tuesday. They said they were seeking to impose a “price cap” on Russian oil, but no specific …

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