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Magnitude 7.7 earthquake strikes Indonesia -EMSC

(Reuters) – A magnitude 7.7 earthquake struck Tanimbar region in Indonesia on Tuesday, the European Mediterranean Seismological Centre (EMSC) said. The quake was at a depth of 97 kilometers (60.27 miles) below the earth’s surface, EMSC said. (This story has been refiled to correct story identifier) (Reporting by Akanksha Khushi in Bengaluru; Editing by Chris …

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Donors exceed Pakistan goal with pledge of more than $9 billion for flood recovery

By Emma Farge, Gabrielle Tétrault-Farber and Asif Shahzad GENEVA (Reuters) -International donors on Monday committed over $9 billion to help Pakistan recover from ruinous floods last year, exceeding its external financing goals and paving the way for a new model on raising funds to fight climate disasters in poorer countries. Officials from some 40 countries …

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Pakistan reaffirms commitment to IMF programme after meeting

GENEVA (Reuters) – Pakistan reiterated its commitment to completing a programme with the International Monetary Fund in a meeting on the sidelines of a climate conference in Geneva on Monday, the finance ministry said in a statement. Finance Minister Muhammad Ishaq Dar and IMF officials “discussed challenges to regional economies in the wake of climate …

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Sri Lanka cabinet approves new electricity tariff without saying what it is

COLOMBO (Reuters) -Sri Lanka’s cabinet on Monday approved new electricity tariffs to reflect the cost of coal and power generation to take effect this month, Power Minister Kanchana Wijesekera said, without saying how much higher they would be. Sri Lanka raised electricity tariffs by 75% last August and a cabinet proposal to raise them by …

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Chinese Vice-Premier Liu to attend Davos meeting next week – SCMP

(Reuters) – Chinese Vice-Premier Liu He will travel to Davos, Switzerland next week for the World Economic Forum’s annual meeting, the South China Morning Post reported on Monday, citing people familiar with the matter. It is unclear whether Liu plans to meet other leaders and senior business executives during his trip, SCMP said. SCMP, citing …

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German foreign minister: two-state solution for Cyprus not an option

BERLIN (Reuters) – German Foreign Minister Annalena Baerbock said on Monday a two-state solution for Cyprus is not an option and Germany will continue to push for a de-escalation of tensions on the island. “Germany is solidly on your side. A solution can only be found based on the basis of United Nations resolutions,” said …

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Long-serving Thai PM hints at re-election bid under new party

BANGKOK (Reuters) – Thailand’s long-serving leader Prayuth Chan-ocha vowed to continue his work running the country under a new political party on Monday, hinting at a bid to remain prime minister after an election this year. The 68-year-old retired general, who has been in power since leading a coup in 2014, early last month said …

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France ready to back Pakistan in talks with creditors, says Macron

PARIS (Reuters) – French President Emmanuel Macron said Paris was ready to support Pakistan in its talks with financial institutions, as the country faces huge losses from recent floods. France will continue to provide expertise and some financial support to the country, Macron said in a video address as Pakistan and the United Nations held …

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Pakistan seeks $8 billion in three years for flood recovery

(Reuters) – Pakistan needs $8 billion from its international partners over the next three years to rebuild the country that is reeling from last year’s devastating floods, Prime Minister Shehbaz Sharif said in Geneva on Monday. The floods, blamed on climate change, dealt a severe blow to Pakistan’s strained economy while displacing some 8 million …

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