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2021-10-17 09:16:24 Global public debt hits record high of $88 TRILLION – IMF

The International Monetary Fund (IMF) said on Wednesday that global government debt is estimated at 97.8% of the world’s gross domestic product in 2021.

That is 0.8 percentage points lower than a year before but still at record-high levels as a result of the massive fiscal responses to the Covid-19 pandemic.

Globally, public debt now amounts to $88 trillion, according to the IMF, but is expected to decline by about 1 percentage point of the world’s GDP per year in 2021 and 2022 before stabilizing at about 97% of GDP.

In the coming years debt is “expected to remain persistently higher than the levels projected before the pandemic – in advanced economies it is projected to be almost 20 percentage points higher through 2026,” the IMF said in its report.

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2021-10-17 08:00:07 Woman goes VIRAL for casually enjoying drink as wild brawl unfolds around her at Seattle-Nashville hockey game

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2021-10-17 07:00:03 Drones bring food and water to dogs trapped by lava on Spain's La Palma island.

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2021-10-17 06:00:04 Ever wondered how man and machine could merge in the future?

Look no further than the EX Future Science and Technology Museum in Liaoning China, where visitors can get up close and personal with future-oriented technologies that combine Artificial Intelligence, bionic humanoid robots, and intelligent 3D holograms.

The museum also features robotic recreations of important historical figures and modern-day celebrities such as Steve Jobs, Donald Trump, Albert Einstein, and Nikola Tesla. While the technology is impressive, the robots themselves look more like Halloween Haunted House than slick Westworld style androids.

Take a look at some of the robotics on display.

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2021-10-17 05:00:07 France: Hundreds march against health pass mandate and increasing fuel prices in Paris

Hundreds of protesters, including members of the Yellow Vest movement, took to the streets of Paris on Saturday to protest the recent health mandates and against increasing fuel prices.

"The Yellow Vests and the citizens are angry and against the health pass, against the vaccine obligation, against life being too expensive due to the increase of purchasing power. Here, we are overtaxed. Gasoil goes up, electricity and gas [go up], too. They deprive us of our freedoms," said Nejeh Ben Farhat, the main organiser of the march.

Police escorted the march, which reportedly ended without violent escalations.

By RUPTLY

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2021-10-17 04:00:07 Man arrested for allegedly raping woman on commuter train in Philadelphia as other passengers watched, did nothing

Police are decrying an incident in which they say passengers on a crowded Philadelphia commuter train stood by and did not even call 911 while a woman was assaulted and raped by a 35-year-old man in plain view.

The alleged attack reportedly occurred around 11 p.m. on Wednesday as a Southeastern Pennsylvania Transportation Authority (SEPTA) train traveled from Philadelphia to neighboring suburb Upper Darby. SEPTA said one of its employees eventually saw the rape in progress and called police, enabling officers to apprehend the partially clothed suspect, later identified as Fiston Ngoy, near the victim.

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2021-10-17 03:00:11 Regime-change hawk John Bolton tells RT Russia is making ‘BIG MISTAKE’ by getting closer with China rather than Western powers

“I think Russia’s greatest security lies in moving West, not moving East,” Bolton said in an interview that aired in full on Saturday. He added that it’s not in Russia’s long-term interest to ally closely with China, saying, “By splitting away from the potential for closer relations with the West that we had after the collapse of the Soviet Union, I think we’ve lost a lot of time and opportunity.”

FULL INTERVIEW HERE:



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2021-10-17 02:00:07 China: Evergrande's unfinished urbanisation projects become ghost towns in Hangzhou City - WATCH!

Evergrande has $300 billion (€259 billion euros) in liabilities and missed a $83.5 million dollars (€71,98 million euros) interest payment last month, shaking markets worldwide.

The property developers ambitious urbanising projects, now suspended, were spotted wrapped in scaffolding, surrounded by halted cranes and metal beams in overgrown vegetation.

Investors have given Evergrande a 30-day period within which the debts must be paid, before the missed payments become classified as default.

On Wednesday, Evergrande announced plans to sell a $1.5 billion (€1.25 billion) bank stake to a state-owned company in hopes of lightening its heavy debt.

By RUPTLY

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2021-10-17 01:00:10 "DEFUND THE MEDIA" - anti-vaccine mandate protesters gather in front of the New York Times offices.

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2021-10-17 00:00:10 France: Tear gas deployed against health pass protesters in Vannes

Dozens of protesters marching against the French government’s COVID-19 health pass policy in the Brittany town of Vannes on Saturday were faced with tear gas, following the deployment of the substance by the police.

By RUPTLY

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