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After Iraq, Afghanistan United All Set to Face Exit in Libya

New Delhi (ABC Live): The situation in Libya may lead to further escalation of violence. The country lives under dual power: the proponents of the “Muslim way” support recently appointed Prime Minister Ahmed Miitig, whereas the fighters of Gaddafi’s former supporter, Khalifa Haftar, pronounced the government illegitimate and declared war on Islamists – by whom they mean either armed militants, …

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World Bank’s Russian Economic Report №31 Confirms Country 1.3 percent GDP Growth in 2013

Moscow, March 26, 2014 (ABC Live):- Russia’s economy is navigating an economic downturn with real GDP growth slowing to an estimated 1.3 percent in 2013 from 3.4 percent of 2012. The lack of more comprehensive structural reforms has led to the erosion in businesses’ and consumers’ confidence, which became the decisive factor for the downward revision of the World Bank’s November growth …

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Chinese Import Restrictions on Rare Earth Materials Violate WTO Rules: WTO

GENEVA, March 26 (ABC Live): The World Trade Organization (WTO) ruled on Wednesday that China had acted inconsistently with WTO rules with regard to the export measures imposed on the rare earth materials. In regard of the dispute case which was brought against China by the European Union (EU), Japan and the United States in 2012 to WTO, the panel …

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WTO Urges US Congress to Sanction Much-delayed IMF Quota and Governance Reform Package

WASHINGTON (ABC Live): The International Monetary Fund (IMF) Managing Director Christine Lagarde Tuesday urged U.S. Congress to support the much-delayed IMF quota and governance reform package which would boost the global institution’s resources and give emerging economies a bigger say. The IMF has been an “international first responder” in global economy, “but to meet tomorrow’s challenges, the IMF needs to …

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WTO Members Question India’s Sugar Export Subsidies

New Delhi (ABC Live): The Members of World Trade Organization have raised questions over India’s export subsidies on sugar and other farm trade programmes. India’s new support programme for sugar sparked comment among a number of delegations with some urging India to remove immediately what they described as export subsidies that will potentially impact world trade, when WTO members met …

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18 Poor UN Member States Lose Voting Rights Due to Non Payment of Contribution

New Delhi (ABC Live): The 18 extremely poor Member States of United Nations from Africa have lost their rights to vote in general assembly due to nonpayment of their contribution to UN. At present, 18 Member States are in arrears under the terms of Article 19 of the Charter of the United Nations, which states: “A Member of the United …

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Malaysian Flight MH370 May Suffer World First Cyber Hijacking

New Delhi: The mysterious disappearance of Malaysian “Boeing 777” Flight MH370 has been dominating the world news for a week. Currently 26 countries are involved in the search of the liner, but so far to no avail. Various theories have been suggested, from realistic (hijacking or an accident) to mystical (UFO abduction). Malaysia Airlines plane has disappeared from the radar …

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UNSC Condemns Illicit Export Crude Oil from Libya, Imposes Sanctions on Vessels Involved

New York (ABC Live):19 March 2014 – The UN Security Council today unanimously adopted a resolution condemning attempts to illicitly export crude oil from Libya and imposing sanctions on vessels involved in such efforts. The resolution requested that Libya inform the Security Council committee overseeing the arms embargo, travel ban and assets freeze imposed on the country by resolution 1970 …

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ECOSOC Decides Theme for Next High-level Political Forum on Sustainable Development Meet

New Delhi (ABC Live): The Economic and Social Council today decided the theme for the next meeting of the High-level Political Forum on Sustainable Development, to be convened for the first time under its auspices from 7 to 9 July 2014. Acting by consensus, the Council decided that the theme would be “Achieving the Millennium Development Goals and charting the …

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US Plans to Transfer Internet Governance to Global Community

New Delhi (ABC Live):18 March 2014 – United Nations officials have welcomed the recent announcement the United States plans to transition key oversight of domain names and other aspects of the Internet’s architecture to the global community, as a major step towards the multilateral Internet governance that the UN has been advocating for many years. For the past 15 years, …

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