World News in Brief: October 4

Monetary policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the 2008 financial crisis and the COVID-19 shock, the UN Conference on Trade and Development (UNCTAD) said on Monday.
Mongolia's central bank said Tuesday that it had purchased 15 tons of gold from entities and individuals so far this year, registering a 1 percent increase on an annual basis.
Mongolia's central bank said Tuesday that it had purchased 15 tons of gold from entities and individuals so far this year, registering a 1 percent increase on an annual basis.

* UN Secretary-General Antonio Guterres on Monday called on all countries to make climate action the global priority. COP27 (the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change) will take place in Sharm al-Sheikh, Egypt, from Nov. 6-18.

* Gabon, which holds the presidency of the UN Security Council for the month of October, said Monday that the council's monthly program of work will feature two signature events, namely one on "peace and security in Africa" and another on "climate and security in Africa."

* Laos and Cuba have signed four memorandums of understanding to step up cooperation in education, health and agriculture.

* Russia's upper house of parliament voted on Tuesday to approve the accession of Donetsk, Lugansk, Zaporizhzhia and Kherson to Russia, following a similar vote in the State Duma, Russia's lower house, yesterday.

* Malaysia's lower house of parliament reconvened on Monday with the national budget for 2023 expected to be tabled by the end of the week.

* The Republic of Korea and US warplanes conducted bombing drills on Tuesday in response to the Democratic People’s Republic of Korea's firing of a missile over Japan for the first time since 2017, the RoK's military said.

* European Union countries are entitled to come up with measures on a national level to shore up their economies but more solidarity is needed to avoid "fragmentation", European Economic Commissioner Paolo Gentiloni said on Tuesday.

* Polish Foreign Minister Zbigniew Rau on Monday signed a diplomatic note outlining his country's demands for reparations from Germany for the damage caused during World War Two.

* The Hungarian parliament adopted the first batch of two laws on Monday in order to gain access to billions of European Union (EU) funds blocked over rule of law concerns.

* Greece is open to a meeting between Greek Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan in Prague, Czech Republic, later this week, Greek government spokesperson Giannis Oikonomou said on Monday.

* Libya and Türkiye on Monday signed a memorandum of understanding (MoU) for cooperation on gas and oil.

* The purchasing managers' index (PMI), an early indicator of manufacturing activity, dipped 0.1 points in Singapore from the previous month to post a marginal contraction at 49.9.

* The Indonesian authorities have formed an independent fact-finding team to investigate Saturday's deadly stampede that occurred after a football match in East Java province, Coordinating Minister of Political, Legal and Security Affairs Mahfud MD said Monday.

* The leaders of Hungary, Austria and Serbia discussed opportunities for closer cooperation against illegal migration during their summit meeting in Budapest on Monday.

* Citizens of Bosnia and Herzegovina (BiH) have elected Zeljka Cvijanovic, Denis Becirovic, and Zeljko Komsic to serve as members of the tripartite Presidency of BiH, according to the official count published by the country's Central Electoral Commission (CEC) on Monday.

* Swedish Prosecution Authority said on Monday that an area around the Nord Stream leaks in the Swedish exclusive economic zone (EEZ) of the Baltic Sea has been cordoned off in order to conduct a criminal investigation.

* The Italian economy contracted in the third quarter of this year, the Treasury said Monday, with more negative growth forecast into next year.

* British Prime Minister Liz Truss has refused to rule out cutting benefit payments by less than soaring inflation to help fund her tax-cutting growth plan in what is likely to spark the next political rebellion over her economic plans.

* Germany is ready to discuss measures that could contain gas and power prices in the European Union, German Finance Minister Christian Lindner said on Tuesday.

* Lesotho will hold a parliamentary election on Friday, amid failures by its politicians to pass constitutional reforms meant to end years of political instability in the southern African mountain kingdom.

* Colombian President Gustavo Petro and US Secretary of State Antony Blinken on Monday discussed stepping up intelligence sharing and other drug trafficking measures but announced no agreements and remained at odds on extraditing drug criminals.

* Palestinian Prime Minister Mohammed Ishtaye said on Monday that Britain's intention to move its embassy in Israel to Jerusalem "is a violation of international law."

* Yemen's warring parties failed to renew a U.N.-brokered truce deal that expired on Sunday, dashing the hopes of some Yemenis for a broader pact that would ease economic woes and prolong relative calm after more than seven years of fighting.

* Republic of Korea's global automotive sale continued to grow for the third consecutive month in September due to robust demand for new models, industry data showed Tuesday.

* More than half a century after Britain conducted its first nuclear tests at the Australian archipelago of Montebello Islands between 1952 and 1956, scientists discovered there remains a radiation risk to marine life and tourists.

* Consumer confidence in Chile's economy in September dropped to the lowest level since April 2021, according to a survey released Monday by international consulting firm Ipsos.

* Kuwait's oil minister said on Tuesday that OPEC+ would make a suitable decision to both guarantee energy supply and serve the interests of producers and consumers.

* African startups attracted a record $3.5 billion in venture capital investment in the first half of this year, bucking a global decline in dealmaking linked to worldwide economic turmoil, data released by an industry group showed on Tuesday.

* Petrol prices in Sudan fell on Tuesday from 700 Sudanese pounds to 522 pounds ($0.9235) per litre, the country's energy ministry said in a statement following its monthly pricing review.

* Strikes have disrupted TotalEnergies' TTEF.PA oil products refining and delivery for an eighth day, with four of its French plants hit by continuing industrial action by workers, a CGT trade union representative told Reuters.

* The number of foreign tourists visiting Spain in August remained well below the 10.12 million who came in August 2019 before pandemic-related travel restrictions ravaged the industry, but their spending approached the levels of three years ago.

* Workers at South Africa's state-owned logistics firm Transnet will go on strike starting this Thursday over a wage dispute, two labour unions said, in a move that could halt the export of key minerals and other cargo.

* Saudi Arabia said on Tuesday it has won a bid to host the 2029 Asian Winter Games at a planned mountain resort in the Gulf Arab state's $500 billion flagship NEOM project.

* At least 105 people were killed in the US states of Florida and North Carolina by Hurricane Ian, US media reported on Monday.

* A deadly prison clash in central Ecuador on Monday left at least 15 inmates dead and 20 injured, local authorities said.

* The Netherlands is to cull around 102,000 chickens on a farm in the northern city of Kiel-Windeweer after the detection of a highly infectious strain of bird flu, the government said on Tuesday.

* New Zealand's updated National Seismic Hazard Model (NSHM) estimates the likelihood of future earthquake shaking hazards to increase throughout most of the country, according to research released on Tuesday.

* The Australian government has revealed its plan to prevent threatened species from going extinct.

* An explosion occurred Tuesday morning in a chemical factory in Chirchiq town, Tashkent region, Uzbekistan's Emergency Situations Ministry said. The firefighters and emergency teams have arrived at the scene and the situation is under control, the official said.

VNA, Reuters, Xinhua