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Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates. The Dow Jones Industrial Average closed at its lowest point since 2020 Friday. The S&P 500 fell 1.7%, close to its 2022 low. Energy prices also closed sharply lower as traders worried about a possible recession. Treasury yields, which affect rates on mortgages and other kinds of loans, held at multiyear highs. U.K. government bond yields snapped higher after that country's new government announced a sweeping plan of tax cuts.

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Italian voters cast ballots on Sunday in an election that has been billed as crucial as Europe reels from the repercussions of war in Ukraine. Soaring energy costs mean many Italian families and businesses are struggling to stay afloat. Opinion polls indicate Giorgia Meloni's far-right Brothers of Italy party could be the biggest vote-getter, just ahead of the center-left Democratic Party of former Premier Enrico Letta. But a solid campaign alliance linking Meloni to her conservative allies gives her the advantage in determining who governs. Meloni would be Italy's first far-right premier and first female one in the post-war period. But experts say this Italian election could also set another record — one for the lowest-ever turnout.

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UNITED NATIONS (AP) — Flooding likely worsened by climate change has submerged one-third of Pakistan's territory and left 33 million of its people scrambling to survive, according to Pakistan's prime minister, who says he came to the United Nations this year to tell the world that “tomorrow,…

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DUBAI, United Arab Emirates (AP) — Iranian counterprotesters gathered across the country on Friday in a show of support for authorities after nearly a week of anti-government protests and unrest over the death of a young woman who was being held by the morality police.

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ISTANBUL (AP) — Military-aged men fled Russia in droves Friday, filling planes and causing traffic jams at border crossings to avoid being rounded up to fight in Ukraine following the Kremlin's partial military mobilization.

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ISLAMABAD (AP) — Pakistan deployed thousands more doctors and medics to battle the outbreak of disease as the death toll from the unprecedented floods that have gripped the country this summer surpassed 1,600 on Friday, officials said.

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GENEVA (AP) — A team of experts commissioned by the U.N.’s top human rights body to look into rights violations in Ukraine said Friday its initial investigation turned up evidence of war crimes in the country following Russia’s invasion nearly seven months ago.

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LONDON (AP) — The United Kingdom's new government outlined plans Friday to cut taxes and boost spending in an effort to bolster the faltering economy, but the high-risk moves sparked concerns that increased public borrowing will worsen a cost-of-living crisis and sent the British pound on it…

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CAGUAS, Puerto Rico (AP) — Fiona, a Category 3 hurricane, pounded Bermuda with heavy rains and winds Friday as it swept by the island on a route forecast to have it approaching northeastern Canada late in the day as a still-powerful storm.

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UNITED NATIONS (AP) — Palestinian President Mahmoud Abbas said Friday that hope of peace with Israel was “waning,” as the annual gathering of world leaders at the United Nations took a brief foray from the dominating issue of the war in Ukraine.

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LONDON (AP) — Hilary Mantel, the Booker Prize-winning author who turned Tudor power politics into page-turning fiction in the acclaimed “Wolf Hall” trilogy of historical novels, has died, her publisher said Friday. She was 70.

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WARSAW, Poland (AP) — President Andrzej Duda of Poland on Friday awarded the country's top civilian honor to a communist-era pro-democracy fighter who recently was accused in the media of manipulating evidence while investigating a presidential plane crash in Russia that killed 96 prominent Poles.

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KABUL, Afghanistan (AP) — A car bomb went off Friday as worshippers were leaving a Kabul mosque, killing at least seven people and wounding 41, including several children, a Taliban official said.

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PHNOM PENH, Cambodia (AP) — Two Cambodian crew members abandoned their boat with 41 Chinese nationals on board as it sank in the Gulf of Thailand, leaving at least one person dead and 19 missing, authorities said Friday.

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COPENHAGEN, Denmark (AP) — Denmark's government said Friday that a temporary ban on mink breeding will expire Jan. 1, allowing mink production to resume in the country but at a ”significantly reduced" level than before the coronavirus pandemic.

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UNITED NATIONS (AP) — The U.N. food chief warned Thursday that the world is facing “a perfect storm on top of a perfect storm” and urged donors, particularly Gulf nations and billionaires, to give a few days of profits to tackle a crisis with the fertilizer supply right now and prevent wides…

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MADRID (AP) — Spain’s Socialist-led coalition government is planning a temporary higher tax rate on the richest 1% of the country from next year, in addition to its windfall taxes on large energy companies and banks.

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HONG KONG (AP) — Hong Kong’s leader announced the city would no longer require incoming travelers to quarantine in designated hotels as it seeks to remain competitive and open up globally after nearly two years.

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PARIS (AP) — A police investigation into allegations that France soccer star Paul Pogba was targeted by extortionists took a bizarre new twist Friday with the release by one of the suspects, his elder brother Mathias, of a long string of videos taking aim at the 2018 World Cup winner, his en…

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BEIJING (AP) — A former deputy police minister who was accused of leading a crime gang of government officials was given a death sentence with a two-year reprieve Friday on charges of manipulating the stock market, taking bribes and other offenses, in a case that involved at least two former…


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