World News: 28 July 2022

Vettel announces retirement, says his goals have shifted
After making his debut in 2007, Vettel went on to win four consecutive world championships for Red Bull between 2010 and 2013, the first of which made him the sport's youngest title winner.

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Ukraine appoints anti-corruption prosecutor, answering EU request
President Volodymyr Zelenskiy said on the Telegram messaging app that Prosecutor General Andriy Kostin's first important decision since being voted into office on Wednesday had been to sign off on Klymenko's appointment.

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Biden pledge to tax wealthy, companies revived with Manchin-led bill
Early proposals to raise tax rates from Biden and his fellow Democrats hit a brick wall in Congress after Republicans and some Democrats opposed them. But a sudden turnaround by Democratic Senator Joe Manchin of West Virginia, a vote in the divided Senate, has revived Biden’s tax agenda.

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Egypt cancels contracts for 240,000 tons of stranded Ukrainian wheat
With a rapidly growing population of just over 102 million people, Egypt has suffered successive economic shocks from Covid and the war in Ukraine. The International Monetary Fund (IMF) said earlier this week that the North African country needed to make “decisive progress” on fiscal and structural reform, as Cairo seeks a new round of support from the fund.

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China closely tracking debris of its most powerful rocket
The Long March 5B rocket blasted off Sunday to deliver a laboratory module to the new Chinese space station under construction in orbit, marking the third flight of China's most powerful rocket since its maiden launch in 2020.

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France's Macron emphasizes security during Benin visit
During talks with Beninese President Patrice Talon in the economic capital, Cotonou, Macron said vehicles, demining equipment and other military aid would soon be provided.

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