Xinhua’s Global Economic News Summary at 11:00 GMT, Oct. 9


WASHINGTON – The Executive Board of the International Monetary Fund (IMF) has approved a fourth tranche of debt service relief for 24 eligible low-income countries to help them fight the COVID-19 pandemic, announced Friday the IMF.

“The Board of Directors also approved the inclusion of the Kyrgyz Republic and Lesotho among the beneficiary countries, allowing these members to benefit from debt service relief due to the Fund until January 10, 2022”, the IMF said in a statement. (MF-Debt relief)

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BEIJING – Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and head of the Chinese side of the China-U.S. Comprehensive Economic Dialogue, held a video call with U.S. Trade Representative Katherine on Saturday Tai.

During the conversation, the two sides held pragmatic, frank and constructive exchanges on three issues. (China-United States-Commerce)

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WELLINGTON – APEC (Asia-Pacific Economic Cooperation) ministers responsible for small and medium-sized enterprises on Saturday pledged to continue to meet the needs of small businesses with aid programs.

The ministers came together virtually at the 27th APEC Ministerial Meeting on Small and Medium Enterprises on Saturday, with the collective goal of strengthening the resilience of small businesses in the Asia-Pacific region with a focus on digitization, inclusive growth and well-being. (New Zealand-COVID-19-APEC)

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WASHINGTON – US employers created 194,000 jobs in September, with unemployment falling to 4.8%, as labor market recovery continues to slow amid variant-fueled wave of COVID-19 Delta, the US Department of Labor reported on Friday.

The latest data followed revised job gains up to 366,000 in August. In July, job gains exceeded one million. (United States-Employment-September)

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PARIS – A major reform of the international tax system has been agreed, ensuring that multinational companies will be subject to a minimum tax rate of 15% from 2023, the Organization for Economic Co-operation and Development (OECD ).

Some 136 countries and jurisdictions have accepted the reform. (OECD-Tax reform-Multinational enterprises)


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