World News in Brief: September 5

A high-ranking official of the United Nations Development Program (UNDP) has arrived in Lao capital Vientiane to discuss its support for and contribution to the country's development, Lao News Agency (KPL) reported on Monday.
India's daily COVID-19 caseload on Monday decreased to 5,910 mark, officials said.
India's daily COVID-19 caseload on Monday decreased to 5,910 mark, officials said.

* Philippine President Ferdinand Marcos Jr met with his Indonesian counterpart Joko Widodo on Monday for a state visit focused on bolstering defence, trade and other ties between the two neighbours.

* Bangladeshi Prime Minister Sheikh Hasina arrived in New Delhi on Monday for a four-day state visit, her first to India after nearly three years.

* Moscow will take serious retaliatory measures if the EU formally introduces visa restrictions on Russian citizens, Kremlin spokesman Dmitry Peskov said Sunday.

* Chileans headed to the polls on Sunday to vote on the proposed new constitution.

* China's central bank said on Monday that it will cut forex reserve requirement ratio for financial institutions by 2 percentage points from Sept. 15. The move aims to improve the capacity of financial institutions to use forex funds, according to the notice.

* The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending.

* OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, six OPEC+ sources said, though some sources would not rule out a small production cut to bolster prices that have slid on fears of an economic slowdown.

* Electricity companies in Sweden and neighboring countries will receive credit guarantees of up to 250 billion Swedish crowns (23 billion USD) to tackle the problems that have arisen on the electricity exchange, the Swedish government announced on Sunday.

* Finnish government proposed on Sunday to provide the country's electricity companies with loans and guarantees of up to 10 billion euros (10 billion USD) to secure the sufficiency of their cash resources.

* Türkiye sharply raised the country's inflation forecast for 2022 to 65 percent, up from 9.8 percent predicted one year ago, according to a government program published in the Official Gazette on Sunday.

* Germany may have to withdraw its military from Mali if authorities in the West African country do not provide for the troops' security needs, German Foreign Minister Annalena Baerbock said on Monday.

* The Republic of Korea is expected to become the world's most aged country in 2044 amid rapid aging, statistical office data showed Monday.

* Over 37,000 tourists arrived in Sri Lanka in August with a drop recorded from the previous month, due to travel advisories imposed by some countries amidst an economic crisis in the island country, local media reported in Colombo on Monday.

* Canadian police said Sunday that 10 people died and at least 15 were sent to hospitals after stabbings in multiple locations in Saskatchewan, Canada.

* A magnitude 6.8 earthquake struck China's Sichuan on Monday, the strongest to hit the region since 2017, killing at least seven people and shaking the provincial capital of Chengdu and other provinces.

* The Republic of Korea raised its typhoon-alert to its highest level on Monday as approaching Typhoon Hinnamnor forced flight cancellations, the suspension of some business operations and the closure of schools.

* Large parts of India's tech capital Bengaluru were under water on Monday after torrential rains uprooted trees, caused crippling traffic and forced offices to issue work-from-home orders to employees, raising fears of further disruptions through the week.

* Pakistani authorities are struggling to prevent the country's biggest lake bursting its banks and inundating nearby towns after unprecedented flooding, while the disaster management agency on Monday raised its toll of flood deaths by another 24.

VNA, Reuters, Xinhua