CAIRO—The debt situation for poor countries could worsen due to volatile commodity prices and higher interest rates, World Bank President David Malpass said on Thursday, urging countries to begin a gradual fiscal consolidation to maintain investor confidence. As of mid-2021, over half of the world’s poorest countries “are in external debt distress, or at risk…
Poor Country Debt Could Worsen Due to Commodity Prices, Interest Rates: Malpass
September 30, 2021
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Fed’s Bostic: US Job Market in a ‘Jumble,’ but Economy on Firm Footing
September 29, 2021
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WASHINGTON—The U.S. labor market is in a “jumble” as workers sort out child care and navigate an ongoing pandemic, but the country remains on track for a full recovery, Atlanta Fed president Raphael Bostic said on Tuesday. “There is a lot of shuffle and a lot of jumble and a lot of turbulence” as people…
Amazon Launches Service Aggregating Video Streaming Apps in India
September 25, 2021
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NEW DELHI—Amazon.com Inc. launched in India on Friday eight global and local streaming services on its video platform, in a move aimed at boosting subscriptions. The move comes at a time of increasing competition from global and domestic rivals in an important market for the U.S. tech company. The Amazon Channels service will help customers…
Amazon’s Cloud Unit to Create Data Centers, 1,000 Jobs in New Zealand
September 23, 2021
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Amazon.com Inc.’s cloud computing unit said on Wednesday it will launch data centers in New Zealand in 2024 and create about 1,000 jobs in the country over 15 years. After releasing an economic impact study, Amazon Web Services (AWS) said it plans to invest NZ$7.5 billion ($5.25 billion) in its new infrastructure hub—AWS Asia Pacific…
US Trade Office Says GM Mexico Labor Case Concluded, Tariff Threat Lifted
September 23, 2021
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WASHINGTON—A U.S. labor complaint under the U.S.-Mexico-Canada trade pact over a General Motors plant union vote in Mexico has been successfully concluded, lifting the threat of U.S. tariffs on the factory’s pickup trucks, the U.S. Trade Representative’s (USTR) office said on Wednesday. The United States opened the case in May after complaints that workers’ rights…
DC Orders Teachers, Child Care Workers, Eligible Student-Athletes Get Vaccinated by Nov. 1
September 20, 2021
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Washington D.C. Mayor Muriel Bowser on Monday announced that all teachers, school personnel and early child care workers in the District must be fully vaccinated against COVID-19 by Nov. 1 as a condition of employment, eliminating an earlier testing option. The mayor’s order allows exemptions for religious or medical reasons, but rules out the option…
DC Police Fatally Shoot Man Holding ‘Rifle-Style’ Paintball Gun
September 3, 2021
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An unnamed Metropolitan Police Department officer fatally shot a man reportedly holding a firearm on Tuesday night in Washington, D.C., according to law enforcement officials. The officers were responding to a call reporting a man with a long gun, though the “firearm” could have been an airsoft gun or paintball gun, Metropolitan Police Department (MPD)…
Police: 4 Killed in Shootings, Arsons in Washington State
August 26, 2021
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KENNEWICK, Wash.—Authorities believe one gunman killed three people and wounded another during a spree of shootings and arsons in eastern Washington on Wednesday. A suspect was believed to have been found dead later after police fired on a vehicle. KEPR reports that police were called about several fires and a shooting shortly before 4 a.m….
DC Military Base Locked Down Until Armed Man Detained
WASHINGTON—A military base in the nation’s capital was locked down for about two hours Friday, after an armed man ran onto the grounds during a local police investigation of gunshots on the streets surrounding the base. A statement from Joint Base Anacostia-Bolling said the man’s firearm was discovered after the intrusion, and the intruder himself…
Lawyer: Capitol Cop Who Shot Ashli Babbitt ‘Ambushed’ Her on Jan. 6 Without Warning
August 12, 2021
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Kicking off the first hearing of the House Select Committee investigating the U.S. Capitol riot, Chairman Bennie Thompson, a Mississippi Democrat, promised to fully investigate “the facts of what happened on Jan. 6,” calling it “a scene of violence in the citadel of democracy.” But over the next 3½ hours, he and other Democrats, along…
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