World News in Brief: December 8

Peru's Congress on Wednesday swore in Vice President Dina Boluarte as the country's new president, complying with the line of succession, after voting to impeach Pedro Castillo for alleged "permanent moral incapacity."
Republic of Korea's central bank said Thursday that it saw the need to keep raising the interest rate amid high inflation expectation.
Republic of Korea's central bank said Thursday that it saw the need to keep raising the interest rate amid high inflation expectation.

* Mexico on Wednesday announced the postponement of the 17th Summit of the Pacific Alliance after Peruvian President Pedro Castillo was impeached by Congress earlier in the day.

* The European Commission on Wednesday proposed the ninth package of sanctions against Russia that will include almost 200 individuals and entities and cut Russia's access to drones.

* French Interior Minister Gerald Darmanin said on Thursday that France was in favour of Croatia, Romania and Bulgaria joining Europe's Schengen control-free travel zone, a topic not all EU members agree upon.

* Israel's incoming Prime Minister Benjamin Netanyahu secured a parliamentary majority on Thursday after his Likud party said it had reached an agreement with the Jewish ultra-Orthodox Shas party.

* The foreign ministers of Jordan, Egypt and Iraq held a meeting Wednesday in the Jordanian capital to discuss ways to boost the trilateral cooperation.

* Mexico has submitted proposals aimed at resolving a sizeable part of an energy dispute with the United States, and wants to give companies confidence they can invest in the country, the economy ministry said on Wednesday.

* A high-profile UN conference on biodiversity kicked off in Montreal, Canada, on Wednesday, bringing chances for the world community to achieve a global action plan to save and protect the species and ecosystem on the planet.

* The Manila-based Asian Development Bank (ADB) has approved a financing package of 73 million USD to boost the climate resilience and sustainability of coastal and marine fisheries in Cambodia, said its press release on Thursday.

* US equities continued to struggle on Wednesday with the S&P 500 notching a fifth day of losses, as investors grew concerned over economic uncertainty.

* Japan logged a current account deficit of 64.1 billion yen (469.25 million USD) in October, marking the first time in nine months the balance tuned negative, as soaring costs for oil imports were further inflated by the yen's weakness, the Finance Ministry said in a report on Thursday.

* The Asian Infrastructure Investment Bank (AIIB) will provide 250 million USD to help Bangladesh improve the inclusiveness and responsiveness of social development.

* Canada on Wednesday proposed legislation to beef up the country's foreign investment rules, which Ottawa says would help the government better deal with "changing threats that may arise from foreign investments."

* The Hungarian government increased the special tax paid by local leading gas and oil company MOL on its profit made from the price difference between Russian Urals crude oil and Brent oil from 40 to 95 percent, according to official sources.

* The Czech government is ready to introduce energy price caps for large firms by the end of the year as it expands help to businesses hit by soaring electricity and gas costs, Prime Minister Petr Fiala said.

* Greece's economy grew by 2.8 percent in the third quarter (Q3) of 2022 compared with the same period in 2021, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.

* More than a third of electricity produced and fed into the grid in Germany in the third quarter (Q3) of 2022 was generated by coal-fired power plants, according to a report based on provisional results and published by the Federal Statistical Office (Destatis) on Wednesday.

* Palestine and European institutions on Wednesday signed a number of investment and financing agreements worth 80.65 million euros (84.83 million USD) to promote economic development in the Palestinian territories.

* The Saudi cabinet approved on Wednesday the state budget with a surplus of 16 billion Saudi riyals (4.26 billion USD). The budget was approved during a cabinet session led by Saudi Arabian King Salman bin Abdulaziz Al Saud, the Saudi Press Agency reported.

* Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday that the sale of US F-16 fighter jets to Türkiye "needs to be finalized as soon as possible."

* The UAE's GDP is expected to grow 6.5% this year, and more than 7% next year, the country's economy minister said on Thursday.

* A 6.1-magnitude earthquake struck Indonesia's West Java province on Thursday, the country's geophysics agency (BMKG) said, prompting residents in areas near the epicentre to flee their homes in panic.

* The India Meteorological Department (IMD) Thursday issued an alert for coastal areas of Tamil Nadu, Puducherry and Andhra Pradesh as cyclonic storm Mandous makes progress.

* Local authorities put Portugal's capital, Lisbon, on high alert on Wednesday evening and urged people to stay indoors as heavy rains killed at least one person, washed cars away and flooded several buildings.

* China reported 21,439 new COVID-19 infections on Dec. 7, of which 4,079 were symptomatic and 17,360 were asymptomatic, the National Health Commission said on Thursday.

* Australia Prime Minister Anthony Albanese has deferred a visit to Papua New Guinea until early next year after testing positive for COVID-19.

* Myanmar has vaccinated more than 37.55 million people for COVID-19 as of Tuesday, data from the Ministry of Health showed.

* A shipment of 1,200 doses of Ebola vaccine candidates set to be used in a clinical trial have arrived in Uganda, where an outbreak has infected 142 people and killed at least 56, health authorities said on Thursday.

VNA, Reuters, Xinhua