World News in Brief: October 7

Sunday, 2018-10-07 19:19:33
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The People's Bank of China (PBOC) decided on Sunday (October 7) to cut the reserve requirement ratio (RRR) for RMB deposits by one percentage point starting from Oct. 15, but the stance of China's monetary policy remains unchanged.

* The death toll from multiple strong quakes and an ensuing tsunami in Indonesia's Central Sulawesi province jumped to 1,944 as of Sunday as the search and rescue operation is expected to be completed on Thursday, military and disaster agency officials said.

* The Asian Development Outlook 2018, published by the Asian Development Bank (ADB), has updated Myanmar's estimate economic figures, saying that the country's growth rate of gross domestic product (GDP) is 6.6 percent for 2018, and seven percent for 2019.

* Japanese Prime Minister Shinzo Abe and visiting US Secretary of State Mike Pompeo exchanged views on the Korean Peninsula issue on Saturday and agreed to continue cooperation in this regard.

* The Democratic People's Republic of Korea (DPRK) on Saturday spoke highly of the friendly relations between the DPRK and China on the 69th anniversary of the establishment of diplomatic ties between the two countries.

* India successfully conducted a night trial of its indigenously developed surface-to-surface nuclear capable Prithvi-II missile from a test range in its eastern state of Odisha, local media said Sunday.

* The European Investment Bank (EIB) has granted Morocco €4.3 billion (US$4.95 billion) in loans since 2017, financial daily L'Economiste reported on October 5.

* Canada reported a surplus of CAD526 million (US$406.5 million) in August, the first since December 2016, Statistics Canada announced Friday.

* Italy's National Statistics Institute, ISTAT, on October 5 showed that sales in August were 2.2 percent better than a year earlier, and discretionary family income climbed 1.3 percent in the third quarter. The jobless rate improved slightly, showing 69,000 new jobs in August, and consumer confidence inched higher.

* Czech Prime Minister Andrej Babis' ANO party won in 11 of 13 regional towns in the October 5-6 local elections in the country, according to the data released by the Czech Statistical Office (CSU) on October 7.

* Voting for the Cameroon presidential election began early Sunday. According to Elections Cameroon (Elecam), 6,617,854 voters are set to cast their votes in some 24,988 polling stations across the country.

* A district police chief and five police officers of Afghanistan were killed after Taliban militants launched a massive attack on a district headquarter in the country's eastern province of Wardak overnight, a local official said Sunday.

* The International Organization for Migration (IOM) said Saturday that more than 600,000 illegal immigrants of 41 different nationalities are currently in Libya.

* Ethiopian Prime Minister Abiy Ahmed on Saturday disclosed his government's decision to embark on swift reform of democratic institutions so as to ensure the upcoming general election is free and fair.

* The Moroccan authorities arrested 59 illegal immigrants from Sub-Saharan Africa off its northern coast, a local news website reported Saturday.