World News in Brief: October 9

Tuesday, 2018-10-09 14:20:56
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The 2018 Nobel Prize in Economics, or officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was awarded Monday (October 8) jointly to William Nordhaus and Paul Romer. Nordhaus was rewarded "for integrating climate change into long-run macroeconomic analysis" and Romer "for integrating technological innovations into long-run macroeconomic analysis”.

* Malaysian Prime Minister Mahathir Mohamad turned up late Monday in a show of support for his designated successor and former deputy Anwar Ibrahim for the latter's bid to return to the parliament through a by-election.

* At the meeting with visiting US Secretary of State Mike Pompeo, the director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, Yang Jiechi, calling on the two major countries to "follow the right path of win-win cooperation, rather than go astray toward conflict and confrontation."

* Russia needs to restore its relations with the European Union (EU) and believes that many governments want the same, Russian Foreign Minister Sergei Lavrov said Monday.

* India will grow at 7.3 percent this year and 7.4 percent in 2019, the International Monetary Fund has predicted.

* French President Emmanuel Macron on October 8 urged international community to take swift moves to combat global warming that triggered wave of drought, high level sea and torrential rainfall.

* The International Monetary Fund (IMF) has cut growth forecasts for the global economy to reach 3.7 percent in 2018 and 2019 (0.2 percentage points lower than its previous forecasts in July) as escalating trade tensions could dent business sentiment and trigger financial market volatility.

* Top parliamentary officials from Algeria and Canada met on Monday in Algiers and discussed counterterrorism, the upper house of the Algerian parliament said in a statement.

* Colombian President Ivan Duque said on October 8 that peace talks with National Liberation Army (ELN) guerrillas will remain suspended until the rebels stop fighting.

* Hurricane Michael formed Monday morning in the Caribbean Sea and is forecast to make a landfall as a major hurricane with gusts and rains in southeastern US state Florida on Wednesday (October 10).

* Russia has decided not to involve the Kuril Islands it disputes with Japan in its recent military drills, Russian Defense Minister Sergei Shoigu said Monday.

* German Foreign Minister Heiko Maas said at the German Forum on Security Policy Monday that Germany and the European Union (EU) should make more contribution to the security and stability in the world, in which "the old certainties break away."

* Cypriot marine police rescued 21 migrants by towing their flimsy boat into port after receiving a report, the ministry of defense said on Monday.

* Algerian Foreign Minister Abdelkader Messahel said on Monday that a tripartite meeting with Egypt and Tunisia will be held in Cairo later this month to discuss the development in war-torn Libya, state radio channel I reported.

* A senior Iranian lawmaker said on Monday that the European Union renewed the call for opening an office in Iran's capital Tehran, Tasnim news agency reported.

* The Brazilian presidential candidate for the Social Liberal Party (PSL), Jair Bolsonaro, on Monday confirmed that he would debate with Fernando Haddad of the Workers' Party (PT) ahead of the second round of elections slated for October 28.

* Spanish Maritime Rescue Services have saved almost 1,500 people attempting to cross the Mediterranean Sea from North Africa to Spain in about three days over the weekend.

* Asia-Pacific overtook North America to be the world's leading source region for Foreign Direct Investment (FDI) in 2017, Wavteq, the global FDI technology and consulting company from Turkey, announced on Monday at the ongoing Dubai Investment Week Conference.

* Cameroon's ruling party, Cameroon People Democratic Movement (CPDM), on October 8 called for calm as the country awaits the final results of the previous day (October 7) presidential poll.

* The Central Bank of Algeria allocated loans of more than US$80 billion to public and private sectors in the first half of 2018, a 6-percent increase compared wiht a year ago, according to a report issued by the bank on October 8.