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Global debt levels rose 'significantly' in 2021, says World Bank president

Global debt levels rose ‘significantly’ in 2021, says World Bank president

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WASHINGTON, Nov 12 (Reuters) – Debt levels for low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending from official bilateral creditors, World Bank President David Malpass said. emphasizing the need to reduce the debt. of the poorest countries. The World Bank’s annual report on global debt statistics, due out …

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Exclusive: China canceled EU leader's video speech at major trade expo opening

Exclusive: China canceled EU leader’s video speech at major trade expo opening

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BEIJING/BRUSSELS, Nov 8 (Reuters) – Chinese authorities behind a major trade exhibition in Shanghai have canceled the European Council president’s opening speech which was to criticize Russia’s “illegal war” in Ukraine and call for a reduction in the EU’s trade dependence on China, diplomats said. Charles Michel’s pre-recorded video was meant to be one of …

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