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International

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Six lives lost in New York plane accident

A devastating plane crash in New York has claimed the lives of six people, including a highly regarded former college athlete. The incident has sent shockwaves through the community, leaving friends, family, and colleagues mourning the loss of those aboard. Details about the crash and the victims are slowly emerging as authorities continue their investigation into the tragic event.The small aircraft went down in a rural area of New York, with emergency responders arriving at a scene marked by wreckage and devastation. According to initial reports from the Federal Aviation Administration (FAA), the plane, a privately owned model, encountered difficulties…
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Nationwide protests in North Macedonia after nightclub catastrophe

A wave of public anger has emerged in North Macedonia after a devastating event in a nightclub led to the loss of several lives. This catastrophe has reverberated across the country, sparking demonstrations in multiple cities as the populace calls for government accountability and stricter implementation of safety measures.Public outrage has erupted in North Macedonia following a tragic incident at a nightclub that claimed multiple lives. The disaster, which has sent shockwaves through the nation, has ignited protests in several cities as citizens demand accountability from authorities and better enforcement of safety regulations.The nightclub, located in a popular entertainment district,…
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Poland aims for stronger military with mandatory training

Polish Prime Minister Donald Tusk has unveiled a comprehensive plan to require all adult men in Poland to undergo compulsory military training. Addressing the Sejm, the Polish parliament, Tusk detailed strategies to ready the country against possible security challenges, highlighting the importance of a robust and well-trained military reserve. The initiative, anticipated to be completed by year-end, seeks to equip every adult man with skills to face current warfare challenges.The declaration underscores Poland’s heightened emphasis on defense and military readiness, especially due to the ongoing conflict in nearby Ukraine. Tusk asserted that enhancing Poland’s military strength is crucial for safeguarding…
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Poland to deploy universal military training for men in response to security concerns

Poland is gearing up to implement compulsory military training for all men above the age of 18, as a measure to strengthen national defense. Prime Minister Donald Tusk revealed the plan during a parliamentary address, highlighting the government's commitment to equipping every male citizen with essential defense skills. The complete outline of the initiative is anticipated to be released by the year's end.Tusk stressed the necessity of preparedness, citing the current conflict in nearby Ukraine as a clear reminder of the critical need for robust national defense. He detailed the objective to increase Poland's military forces, including reserves, to 500,000…
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Unveiling China’s state guidance fund for tech advancements

China has revealed intentions for a large-scale government-supported fund designed to boost advancements in artificial intelligence, quantum computing, hydrogen energy, and other cutting-edge industries. This plan, known as the "state venture capital guidance fund," was announced by Zheng Shanjie, the head of the National Development and Reform Commission (NDRC), at a press briefing held during China’s yearly legislative sessions.The fund is anticipated to accumulate close to 1 trillion yuan (around $138 billion) within a span of two decades, gathering investments from municipal governments and private companies. This bold initiative signifies China’s enduring strategy to cement its position as a technology…
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Changes in tariff policy, Trump grants exemptions to Mexico and Canada

In a major change in policy, United States President Donald Trump has authorized directives to broaden exemptions for tariffs recently enforced on products from Canada and Mexico. This move signifies a major withdrawal from actions that had previously caused concern among companies and financial sectors. The exemptions, impacting significant areas of trade between the United States and its two foremost trade associates, come just a few days following the imposition of the tariffs.The declaration comes in the wake of several modifications to Trump’s trade strategies. Earlier in the week, he temporarily excluded auto manufacturers from a 25% import duty, offering…
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Failed Discussion on Ukrainian Mineral Access for US

Ukraine and US Fail to Finalize Rare Earth Minerals AgreementOn Friday, Ukrainian President Volodymyr Zelensky met with US President Donald Trump in Washington to sign an agreement granting the US access to Ukraine’s rare earth mineral deposits. However, the meeting took an unexpected turn, ending in a heated exchange between Zelensky, Trump, and Vice President JD Vance. Following Zelensky’s early departure, the White House announced that no agreement had been signed.Zelensky had earlier conveyed hope that this "initial" agreement might lead to enhanced collaboration. Yet, he acknowledged that Ukraine still hadn't obtained any security assurances from the US—a crucial point…
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European markets slide in the last full trading session of the year

European markets slide in the last full trading session of the year

European stock markets traded lower on Monday in the last full trading session of 2024, as investors braced for a quiet end to the year. The pan-European Stoxx 600 index fell 0.5% in early afternoon trading in London, with most sectors posting losses. Technology, industrial and media stocks led the declines, while oil and gas stocks managed to post gains. Trading volumes remained light as markets across the region prepared to close early or remain closed until January 2 for the New Year holiday. Despite Monday's modest performance, European stocks are on track to end the year with moderate gains.…
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Ukraine blocks the transit of Russian gas to Europe, ending decades of energy dominance

Ukraine blocks the transit of Russian gas to Europe, ending decades of energy dominance

On New Year's Day, Ukraine officially cut off the flow of Russian natural gas to several European countries, marking the end of Moscow's long-standing dominance of European energy markets. The move, which had been widely anticipated, comes as the five-year transit agreement between Russia and Ukraine expired without renewal amid the ongoing war between the two nations. At around 8am local time on Wednesday, Russian state energy giant Gazprom confirmed that gas exports to Europe via Ukrainian pipelines had stopped. This development, which follows more than three decades of transit of Russian gas through Ukraine, highlights changing energy dynamics in…
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UK economy contracts in October, raising concerns about growth and inflation

UK economy contracts in October, raising concerns about growth and inflation

The UK economy unexpectedly contracted in October, exacerbating fears of a prolonged economic slowdown as businesses and households grapple with uncertainty. According to the Office for National Statistics (ONS), gross domestic product (GDP) fell by 0.1% month-on-month, defying economists' expectations of a modest 0.1% increase. This contraction follows a similar 0.1% decline in September, marking the second consecutive month of negative growth and raising concerns about the country's economic trajectory. The ONS attributed October's decline to reduced output across all key sectors. However, on a three-month rolling basis, GDP showed a slight increase of 0.1% for the period ending in…
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