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Year: 2024

Indonesian leader starts working in new capital despite construction work and lack of facilities

Associated Press PENAJAM PASER UTARA, Indonesia (AP) — Indonesian President Joko Widodo, who intends to spend his last few months of his presidency in the country’s ambitious new capital, has begun to work from the new presidential palace there, despite the continuing construction work and lack of first-class facilities. Only one month is left before

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North Korea’s Kim ‘inspects’ flood response as thousands evacuated from China border region after heavy rains

By Simone McCarthy and Gawon Bae, CNN (CNN) — Some 5,000 people were rescued from flood-hit areas along North Korea’s border with China over the weekend in efforts supervised by leader Kim Jong Un, the country’s state media reported Monday. The North Korean army launched emergency operations in North Pyongan province as the region reeled

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Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

AP Economics Writer WASHINGTON (AP) — Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September. A rate reduction this fall — the

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