World News in Brief: October 12

Global investments in renewable energy should be tripled by 2050, in order to put the world on the trajectory towards net zero emissions, according to the latest report released by the World Meteorological Organization (WMO) on Tuesday.
Oil prices dropped on Tuesday as demand worries gained the upper hand after the International Monetary Fund (IMF) warned of slowing global growth.
Oil prices dropped on Tuesday as demand worries gained the upper hand after the International Monetary Fund (IMF) warned of slowing global growth.

* The 19th Central Committee of the Communist Party of China (CPC) concluded its seventh plenary session in Beijing on Wednesday with a communique issued. Xi Jinping, general secretary of the CPC Central Committee, made an important speech at the four-day session, which was presided over by the Political Bureau of the CPC Central Committee.

* President Vladimir Putin said on Wednesday that Russia could redirect Nord Stream gas supplies to the Black Sea, and even set up a major gas hub for Europe in Turkey.

* A pipeline via Rostock continues to deliver oil to Germany, an Economy Ministry spokesperson said on Wednesday, adding that Berlin was hoping for information from Poland soon on the exact cause of damage to the Druzhba pipeline and how it can be fixed.

* India's retail inflation jumped to a five-month high of 7.41 percent in September, data released Wednesday by the country's Ministry of Statistics and Program Implementation (MOSPI) showed.

* Tokyo stocks ended flat on Wednesday as cautious investors took a wait-and-see approach ahead of this week's release of key US inflation data.

* The European Commission recommended on Wednesday that the member states of the European Union (EU) give Bosnia and Herzegovina candidate status under the condition of further reforms.

* Chad's transitional government on Wednesday named opposition politician Saleh Kebzabo as the new prime minister after the former prime minister resigned to pave way for a new administration, the president's office said.

* Russia's president said Europe was to blame for its energy crisis with policies that starved the oil and gas industry of investment and said price caps would make it worse, as EU states tried to forge a deal on ways to contain soaring energy costs.

* Britain and the European Union made some progress last week on their long running post-Brexit trade row over Northern Ireland after talks resumed for the first time in over seven months, Irish Foreign Minister Simon Coveney said on Wednesday.

* Lebanon will start sending Syrian refugees back to their home country at the end of next week, Lebanese President Michel Aoun said on Wednesday, despite rights groups' fears for their safety.

* Female Members of Parliament under the Inter-Parliamentary Union (IPU) vowed to prioritize the empowerment of girls in societies.

* Governors and representatives of nearly 40 regional governments around the world are gathering in Peru for a global meeting on climate, the Amazon and tropical forests.

* Lauding the collaboration between the United Nations and the African Union (AU) as the best ever, UN Secretary-General Antonio Guterres on Tuesday warned major challenges lie ahead.

* The Zaporizhzhia nuclear power plant (ZNPP) has lost external power for the second time in five days, the Ukrainian government-run Ukrinform news agency reported Wednesday.

* French Prime Minister Elisabeth Borne on Tuesday ordered local authorities to requisition workers needed to ensure petrol supply to service stations across the country as France struggles with strikes at oil refineries operated by TotalEnergies and ExxonMobil.

* Industrial output in Italy rose by 2.3 percent in the latest index from the Italian government's main statistical entity released on Tuesday, reversing a recent trend and outpacing inflation for that month.

* Inflation in the Czech Republic rose by 18 percent year-on-year in September, according to official statistics published by the country's Statistical Office (CSU) on Tuesday.

* The International Monetary Fund (IMF) on Tuesday lowered Poland's growth forecasts by 0.7 and 1.5 percentage points respectively for this year and next.

* The Danish economy is set to experience a downturn in the next few years, as a result of high energy prices and galloping inflation, according to a report by the Danish Economic Council released on Tuesday.

* NASA's Double Asteroid Redirection Test (DART) mission has successfully changed the orbit of the asteroid Dimorphos when the NASA spacecraft intentionally slammed into the space rock, the agency said on Tuesday.

* The International Monetary Fund backs moves by governments to tax companies' excess profits, but believes such changes must be clearly communicated and cannot apply to already realized profits, the IMF's top fiscal expert told Reuters.

* The British government is "mindful" of the need to ensure reasonable borrowing costs, junior Treasury minister Chris Philp said on Wednesday, after recent market turmoil pushed up borrowing costs.

* Israel's Security Cabinet voted Wednesday in favor of a landmark agreement with Lebanon to demarcate a maritime border between the two countries.

* Germany welcomes a historic agreement between Lebanon and Israel demarcating a disputed maritime border between them, a government spokesperson said in Berlin on Wednesday.

* Myanmar has vaccinated more than 37.2 million people for COVID-19 as of Tuesday, showed data released by the Ministry of Health. The vaccinated group includes more than 6.6 million people aged under 18 years, the ministry said on Wednesday.

* Sri Lanka's parliament said Wednesday it will hold a series of online discussions where the public can directly ask questions about various bills and laws.

* Murders and suicides involving guns have reached an all-time high in the United States, a recent report from the US Centers for Disease Control and Prevention has revealed.

* Jordan signed on Tuesday a loan agreement worth 125 million USD with the World Bank to support the development of the country's agriculture sector.

* Palestinians on Wednesday staged a commercial strike in several West Bank towns and cities in solidarity with the Shufat refugee camp in East Jerusalem, Palestinian eyewitnesses said.

* The Somali National Army (SNA) said Wednesday its forces killed over 50 al-Shabab militants in a foiled terror attack on its base at a village in Hiran region of central Somalia.

* Zambia's immigration authorities on Wednesday said that 43 illegal migrants have been deported to their native country of Ethiopia.

Xinhua/Reuters/VNA