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'If required, US Fed will go for more aggressive rate hikes to curb inflation'
"The labour market is very strong, and inflation is much too high," Xinhua news agency quoted Powell as saying in prepared remarks for the National Association for Business Economics'(NABE) annual economic policy conference in Washington D.C. "There is an obvious need to move expeditiously to return the stance of monetary policy to a more neutral level, and then to move to more restrictive levels if that is what is required to restore price stability," he said.
US Senate begins hearings for Biden's SC nominee
In his opening statements on Monday, Senate Judiciary Committee Chairman Dick Durbin highlighted Jackson's qualifications, as well as the historic nature of her nomination by President Joe Biden, reports Xinhua news agency. "President Biden nominated you because he knew your qualifications are outstanding," the Illinois Democrat said. "Your professional record and life experience tell us what kind of lawyer, what kind of judge, and what kind of person you really are."
'Russian ultimatum can only be met if entire Ukraine is destroyed'
Ukrainian President Volodymyr Zelensky has said that Russia's ultimatum to end the ongoing war can only be met if entire Ukraine was destroyed. "(Russians say) we have an ultimatum, here are the conditions, do it, and then we end the war. This is wrong and doesn't lead anywhere. This is not about me. This is about the unity of the people and the government. We, together, are not able to do that.
UNGA to vote again on Ukraine: Spokesperson
The 11th Emergency Special Session of the General Assembly will be held after a letter requesting the resumption was received by UNGA President Abdulla Shahid, Xinhua news agency quoted his spokesperson Paulina Kubiak as saying to reporters. "A draft resolution sponsored by Ukraine and other member states has been submitted and is being processed," she said.
Russian will not put on pause its military action against Ukraine while conducting peace talks
"You see, a pause in the operation, any pause, is used by the nationalist units to regroup, used to continue attacks against the Russian military," the official explained. He claimed Russian troops in Ukraine have experienced this before "on multiple occasions." Russian troops won't give 'nationalists' time to regroup, Moscow has revealed.
Hindu girl shot in Pakistan after resisting abduction
According to Sindhi media, the girl was said to have been shot in the middle of the street after she put up resistance against her attackers, Friday Times reported. Every year, several women belonging to minority communities, especially Hindus in Sindh Pakistan, are abducted and forcibly converted by religious extremists.
UN chief warns against 'sleepwalking' to climate disaster
With the planet warming by as much as 1.2 degrees, and where climate disasters have forced 30 million to flee their homes, Guterres on Monday warned: "We are sleepwalking to climate catastrophe", Xinhua news agency reported. The goal to limit future warming to 1.5 degrees Celsius, highlighted in the Paris Agreement on climate change, and driven home in last November's COP26, gathering in Glasgow, is now on "life support" and "in intensive care," the UN chief told the Economist Sustainability Summit.
Russia claims it destroyed a Kiev shopping centre used for rocket launchers
Igor Konashenkov, spokesman for the Russian Defence Ministry, said that in Vynohradar district on the outskirts of Kiev, Ukrainian nationalist units covered residential buildings for several days and fired at the Russian military with MLRS, RT reported. According to the ministry, Ukrainian units used the area of a nearby shopping centre as a large base for storing rocket-propelled ammunition, as well as reloading multiple launch rocket systems.
Lebanon facing wheat crisis amid Russia-Ukraine conflict: President
"Wheat warehouses were destroyed in the Beirut port blasts in 2020, and the war in Ukraine further impacted our access to this commodity," Aoun was quoted as saying by Xinhua news agency. Aoun's remarks came on Monday during his meeting in Italy with David Beasley, the executive director of the World Food Programme, who said the WFP will continue supporting Lebanon despite the increasingly difficult global situation.
Russia refuses to negotiate peace treaty with Japan
Russia has refused to negotiate a peace treaty with Japan, according to the Russian Foreign Ministry. "The Russian side under the current conditions does not intend to continue negotiations with Japan on a peace treaty," the Foreign Ministry said in a statement. It noted that this decision was made due to the impossibility of discussing the fundamental document on bilateral relations with a state that takes an unfriendly position
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