World News in Brief: October 24, 2020

Saturday, 2020-10-24 09:44:17
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The central banks of China and the Republic of Korea have agreed to renew their bilateral currency swap deal and expand its size to nearly US$60 billion) in a bid to stabilise their financial markets and facilitate trade and investment.

* The European Union has imposed sanctions on several Russian officials and agencies over a cyberattack against the German parliament in 2015.

* The US has announced the imposition of new sanctions on the Iranian Ambassador to Iraq for his support of Iraqi militia groups, and five Iranian entities over “brazen attempts” to interfere with the US elections.

* Polish state-run energy company PGNiG has signed a long-term contract to buy natural gas from Danish company Ørsted Salg & Service, under which PGNiG is to purchase almost 6.5 billion cubic meters of Danish natural gas during the 2023-2028 period.

* The UN Support Mission in Libya (UNSMIL) has condemned the "unlawful arrest" of the head of Libya's government media authority, for speaking out against Islamist groups in Tripoli.

* During his meeting with the Russian Ambassador to Iraq, the Iraqi President has called for bilateral cooperation in reducing tensions and fighting terrorism and extremism in the region.

* At a meeting with his Israeli counterpart, the US Secretary of Defence has affirmed the US’s commitment to maintaining Israel's military dominance in the Middle East.

* Egyptian and Spanish naval forces have conducted joint military drills in the Red Sea at Berenice Military Base in the Southern Fleet's zone.

* According to Afghan officials, 20 people were killed and six others are missing following a Taliban attack on a military outpost in Khashrod district, Nimroz province in Afghanistan.

* The two main parties in Libya have signed a country-wide ceasefire agreement on Friday after five days of negotiations in Geneva, Switzerland. According to the UN Support Mission in Libya (UNSMIL), this is a historic achievement and a courageous act that can help secure a “a better, safer, and more peaceful future for all the Libyan people”.