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World may be heading toward recession, IMF warns

The United States, China, and Europe’s economies are all slowing more quickly than expected as a result of a confluence of problems, the International Monetary Fund warned on Tuesday, putting the entire world on the verge of a worldwide recession.

The war in Ukraine, inflation and a resurgent pandemic have all hurt economies recently, according to the IMF, which noted this in an update of the World Economic Outlook. The world economy could see one of its lowest years since 1970 and a period of severe stagflation if the threat environment persists in getting worse.

Bangladesh seeks $4.5bn IMF loan as forex reserves shrink

Bangladesh: According to the major newspaper in the nation, Bangladesh has applied for a $4.5 billion loan from the International Monetary Fund, joining its South Asian neighbors Pakistan and Sri Lanka in need of assistance to deal with increasing strain on their economies.

Bangladesh, which is well-known for its significant garment export business, has requested the funding for its budgetary and balance of payment needs as well as for initiatives to combat climate change, according to documents that were reviewed by the Daily Star on Tuesday.

It stated that on Sunday, IMF Managing Director Kristalina Georgieva received a letter from Finance Minister A H M Mustafa Kamal.

Requests for comment from representatives of the finance ministry and the IMF office in Bangladesh were not immediately answered.

China’s population to see negative growth before 2025

China: According to a media report on Monday, China’s population will reach negative growth by 2025 and may continue to decline for more than a century. The research emphasized the need to improve the population’s general quality and alter economic development plans to solve the issue.

According to Yang Wenzhuang, director of population and family affairs at the National Health Commission, the growth rate of China’s overall population has slowed significantly and is predicted to go negative during the current 14th Five-Year Plan period (2021–25). Yang made this statement on Thursday at the Annual Conference of the China Population Association.

Chinese demographers anticipated that decreasing population growth would predominate in the upcoming years for a considerable amount of time and that population quality would generally improve.

Nepal imported goods from 164 countries in last fiscal year

Kathmandu: Nepal imported goods from 164 countries during the Fiscal Year 2021-22.

According to statistics unveiled by the Department of Customs on Monday, Nepal imported goods worth over Rs 1,920 billion last fiscal year. The statistics show that Nepal purchased goods worth over Rs 1,200 billion from India alone while the export was worth Rs 155 billion.

It means the country’s trade deficit with India alone was over 1,044 billion last fiscal year.

After India, China is the second largest supplier to Nepal in one year Nepal imported goods worth over Rs 264 billion, and the export round figure was Rs 887 million, resulting in a trade deficit of worth around Rs 264 billion.

Seven injured in shooting at Los Angeles park

US: Gunfire broke out Sunday in a Los Angeles park where a car exhibition was taking place, injuring at least seven people.

According to the LAPD, the incident took place at Peck Park in the San Pedro neighborhood of LA at at 3:50 p.m. The LAPD tweeted that there was no active shooter incident but gave no other details.

According to the LA Fire Department, the incident took place at or close to the car show and at least three persons were shot, with two of them in severe condition. According to the fire department, seven individuals were hurt altogether and sent to hospitals.

Transnational crimes in ASEAN increased during pandemic

Despite tighter travel restrictions to stop the spread of Covid-19, leading ASEAN officials in charge of transnational crimes reported an increase in transnational crimes for the area.

The 22nd ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) and other associated sessions held over three days from July 19–21 via video conference reviewed the rise in transnational crimes in the area.

In a news release on the results of the SOMTC meeting on July 21, the Ministry of Interior stated that the types of crimes that had increased were drug trafficking, cross-border removal, human trafficking, cybercrime, money laundering, and other global economic crimes.

“All of these crimes are key to the agendas of senior law enforcement officials of ASEAN member states, which discussed finding common solutions for effectively preventing and combating them to achieve security, development and prosperity for the whole ASEAN region,” the statement said.

Three funeral attendees shot outside of Chicago church

US: Three men were shot by a drive-by shooter while posing for a photo outside a Chicago church on Saturday afternoon as they gathered for a funeral ceremony, according to authorities.

According to Chicago police, all three victims were taken in good condition to nearby hospitals.

The Sun-Times said that at around 2:30 p.m., someone driving a gray sedan in the Roseland area of Chicago’s South Side opened fire at a group of mourners who were posing for a photo in front of Universal Community Missionary Baptist Church.

President’s office to reopen on Monday in Sri Lanka

On Monday (July 25), after anti-government protestors were pushed out by a military response that attracted international criticism, Sri Lanka’s besieged presidential office will reopen. In response to a global outcry about the dire circumstances on the island, the protestors attacked and occupied the colonial-era structure earlier this month. Gotabaya Rajapaksa, the former president, escaped to Singapore and later announced his resignation. Ranil Wickremesinghe, Gotabaya’s successor, instructed the soldiers to vacate the 92-year-old structure while they were armed with automatic rifles and batons, according to AFP.

Before a new administration was appointed and less than 24 hours after Wickremesinghe took the oath of office, the military operation to evacuate the secretariat building and its surrounds began.

Rights group seeks arrest of former Sri Lanka president Rajapaksa in Singapore

Colombo: A rights group documenting alleged abuses in Sri Lanka has filed a criminal complaint with Singapore’s attorney general, seeking the arrest of former President Gotabaya Rajapaksa for his role in the South Asian nation’s decades-long civil war.

The International Truth and Justice Project (ITJP) said Rajapaksa committed grave breaches of the Geneva Conventions during the civil war in 2009 when he was country’s defence chief, according to a copy of the complaint seen by Reuters.

The South Africa-based ITJP argued that based on universal jurisdiction the alleged abuses were subject to prosecution in Singapore, where he fled after months of unrest over his country’s economic crisis.

Rajapaksa submitted his resignation in Singapore, a day after fleeing on July 13. Anti-government protesters had stormed the offices and official residences of the president and the prime minister.

“The criminal complaint that has been filed is (based on) verifiable information on both the crimes that have been committed, but also on evidence really linking the individual in question, who is now in Singapore,” Alexandra Lily Kather, one of the lawyers that drafted the complaint, told Reuters by telephone from Berlin.

“Singapore really has a unique opportunity with this complaint, with its own law and with its own policy, to speak truth to power.”

Rajapaksa could not be reached for comment through Sri Lanka’s High Commission in Singapore. He has previously strenuously denied allegations he was responsible for rights abuses during the war.

A spokesperson for Singapore’s attorney general did not respond to a request for comment. The country’s foreign ministry has said Rajapaksa entered the Southeast Asian city-state on a private visit and had not sought or been granted asylum.

Shubhankar Dam, a professor at the University of Portsmouth School of Law in Britain, who has taught in Singapore, said while its courts were able to try alleged war crimes, genocide, and torture, it has repeatedly stated that such jurisdiction should only be invoked as a last resort.

“While neutrality is not officially enshrined in Singapore’s foreign policy, it has long cultivated a form of even-handedness,” Dam said.

“Any decision to prosecute a former foreign head of state has to be balanced against its foreign policy objectives.”

Sri Lanka ended a 25-year civil war between separatist insurgents from the ethnic Tamil minority and government forces in 2009. Rights groups accused both sides of abuses during the war.

The ITJP assisted in two civil lawsuits against Rajapaksa, proceedings for one of which were served in a California parking lot in 2019. Rajapaksa was a US citizen at the time.

Both cases were withdrawn after Rajapaksa was granted diplomatic immunity upon becoming president later that year.

WHO declares rapidly spreading monkeypox outbreak a global health emergency

The World Health Organization has activated its highest alert level for the growing monkeypox outbreak, declaring the virus a public health emergency of international concern.

The rare designation means the WHO now views the outbreak as a significant enough threat to global health that a coordinated international response is needed to prevent the virus from spreading further and potentially escalating into a pandemic.

Although the declaration does not impose requirements on national governments, it serves as an urgent call for action. The WHO can only issue guidance and recommendations to its member states, not mandates. Member states are required to report events that pose a threat to global health. The U.N. agency declined last month to declare a global emergency in response to monkeypox. But infections have increased substantially over the past several weeks, pushing WHO Director General Tedros Adhanom Ghebreyesus to issue the highest alert.

Before a global health emergency is declared, the WHO’s emergency committee meets to weigh the evidence and make a recommendation to the director general. The committee was unable to reach a consensus on whether monkeypox constitutes an emergency. Tedros, as the WHO’s chief, made the decision to issue the highest alert based on the rapid spread of the outbreak around the world. “We have an outbreak that has spread around the world rapidly, through new modes of transmission, about which we understand too little,” Tedros said.

“For all of these reasons, I have decided that the global monkeypox outbreak represents a public health emergency of international concern.” More than 16,000 cases of monkeypox have been reported across more than 70 countries so far this year, and the number of confirmed infections rose 77% from late June through early July, according to WHO data.

Men who have sex with men are currently at highest risk of infection.

Five deaths from the virus have been reported in Africa this year. No deaths have been reported outside Africa so far. CNBC

Thailand PM Prayuth Chan-o-cha survives no-confidence vote

Thailand: Despite being under intense political pressure, Prayuth Chan-o-cha, the prime minister of Thailand, was given good news on Saturday when he avoided yet another no-confidence vote in the house. Since 2019, he has faced four no-confidence votes during his time as prime minister.

The Thai opposition has been harshly critical of Prayuth in recent months, holding him responsible for “economic mismanagement” and corruption. Nevertheless, he was able to demonstrate his majority in the legislature by receiving 256 votes out of 477 cast, nine of which were cast as abstentions.

Nepali football team leaves for India to play U-20 SAFF Championship

Kathmandu: A Nepali football team participating in the U-20 Men’s SAFF Championship in India has left for India on Friday. The Championship is scheduled to take place in Bhubaneshwar of India from July 25 to August 5.

Chairperson of All Nepal Football Association, Pankaj Bikram Nembang, Member-Secretary of the National Sports Council, Tanka Lal Ghising, and office-bearers of ANFA bade farewell to the team.

There are five teams in the championship including the host India, Bangladesh, Maldives, Nepal and Sri Lanka. Nepal will pay with the Maldives on July 25 as an inaugural match.

Similarly, Nepal will play its second match with Sri Lanka on July 27 and third match with India on July 31.

Likewise, Nepal will play another match with Bangladesh on August 2. The top two teams of the championship will play final match on August 5.

Ishwor Gurung, Unesh Chaudhary and Jiyarath Sheikh, Amar Shrestha, Sonit Dahal, Ayush Shrestha, Ajay Chaudhary, Sumit Shrestha, Srijan Dhani, Roshan Thapa, Abhishek Waiba, Dipesh Gurung, Ashish Rai, Sandeep Karki, Janmajaya Dhami, Mohit Gurung, Kritish Ratna Chhunju, Sugam Suwal, Managya Nakarmi, Ayush Ghalan, Dipesh Rai, Niranjan Malla and Roshan Khadgi are in the team.

YouTube to remove videos carrying misinformation about abortion

In an effort to combat inaccurate information about the medical procedure, YouTube announced on Thursday (local time) that it will begin deleting videos that make false claims about abortion.

The decision was made at a time when women are looking for trustworthy pregnancy-related information online as the right to an abortion has been restricted in many parts of the United States.

Elena Hernandez, a representative for YouTube, was quoted by CNN as saying, “We feel it’s vital to connect people to content from credible sources about health topics, and we regularly examine our policies and products as real-world events develop.”

Crisis-hit Sri Lanka swears in new prime minister

COLOMBO: Senior Sri Lankan lawmaker Dinesh Gunawardena was sworn in on Friday as the new prime minister, his office said, a day after the swearing-in of a new president as the Indian Ocean nation grapples with its worst economic crisis in decades.

The event came just hours after security forces raided a protest camp on government grounds in the main city of Colombo and cleared part of it, with at least nine arrests, as the new administration moves to crack down on protesters.

A former minister from the Podujana Peramuna party, Gunawardena took the oath of office in the presence of Wickremesinghe, seated in front of uniformed military officers in a room packed with lawmakers and officials. The rest of the cabinet is expected to be sworn in later on Friday.

Sri Lanka’s crisis, the result of economic mismanagement and the fallout of conflict in Ukraine, sparked months of mass protests and eventually forced then president Gotabaya Rajapaksa to flee the country. Reuters

Nepal, China to carry out joint border monitoring

Kathmandu: There will be a joint border monitoring between Nepal and China. Border affairs officials of the two countries have agreed on the same.

In a virtual meeting on border matters held on July 14, it was agreed to monitor the border under the leadership of the head of the North East Asia Division of the Ministry of Foreign Affairs of Nepal and the Head of the Department of Border and Maritime Affairs of the Ministry of Foreign Affairs of China.

Since joint border inspection between Nepal and China has not taken place for a long time, it has been agreed to proceed with this work through mutual consultation, said Sewa Lamsal, spokesperson of the Ministry of Foreign Affairs.

Lamsal shared that a report will be prepared jointly on the issues observed and monitored. “A modality for such monitoring is yet to be prepared and based on it an integrated framework will be prepared for where and how to go and where to monitor,” said Lamsal at a regular press briefing held at the Ministry of Foreign Affairs.

According to an agreement reached between Nepal and China in 1963, the border should be monitored and updated every 10 years. However, it has not been done regularly. Spokesperson Lamsal also shared that there has been an agreement on the two-way opening of the Kerung-Rasuwagadhi transit point and the one-way opening of the Hilsa border point by adopting the necessary health standards related to Covid-19.

Likewise, the 10th meeting of the Trade Facilitation Committee established in Tibet between Nepal and China was held on July 18. During the meeting construction of physical infrastructure at the border crossing, facilitation of bilateral trade, foreign investment, development of trade infrastructure, transportation facilities, as well as simplification of customs procedures, and the timely completion of the Timure Dry Port in Rasuwa under-construction with Chinese assistance were discussed.

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Droupadi Murmu makes history, becomes India’s first tribal woman President

Delhi: NDA Presidential candidate Droupadi Murmu on Thursday scripted history by becoming the country’s first tribal President defeating Opposition nominee Yashwant Sinha. Murmu, 64, won by a huge margin against Sinha after receiving over 64 per cent valid votes in the counting of ballots of MPs and MLAs, that continued for over 10 hours, to succeed Ram Nath Kovind.

At the end of the counting process, returning officer P C Mody declared Murmu as the winner adding that she secured 6,76,803 votes against Sinha’s 3,80,177 votes to become the 15th President of India. Murmu, 64, is the first Adivasi and second woman to become the nation’s First Citizen and the Supreme Commander of India’s Armed Forces.

Murmu was elected to two terms in the Odisha Assembly in 2000 and 2004, and served as a Minister from 2000 to 2004 in Chief Minister Naveen Patnaik’s BJD-BJP coalition government. She was sworn in as the first woman Governor of Jharkhand in 2015.