World News: 08 September 2022

Cost to hit U.N. sustainability goals rises to $176 trillion
The funding shortfall for the U.N.'s Sustainable Development Goals (SDGs), a series of 2030 targets backed by all member states, rose even further over the period, up 35% to $135 trillion, the report by the Force for Good Initiative (FFGI) said.

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Britain to set out $115 billion-plus plan to cut energy bills
The government is also expected to set out new sources of energy supply including the issuance of up to 130 oil and gas exploration licences in the North Sea and a scrapping of a ban on fracking if local communities agree.

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U.S. approves $675 million in additional weapons for Ukraine as defense leaders meet
U.S. Defense Secretary Lloyd Austin said the gathering would discuss how countries can work together to train Ukrainian forces and improve their own defense industrial bases for the long-haul.

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Nigeria to send more LNG to Europe by next winter
As Europe seeks alternatives to dwindling supplies of Russian gas, the minister said that security issues are delaying deliveries of more gas at the moment but Nigeria will build a pipeline Nigerian gas through Algeria to Europe.

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China's Chengdu city extends COVID lockdown in most districts
The mega city, which has most recently battled with heat waves, power cuts and an earthquake, was locked down on Sep 1 after detecting a number of cases, becoming the largest Chinese metropolis to be slapped with the curbs since Shanghai earlier this year.

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Turkey's Erdogan says West's 'provocative' policies towards Russia not correct
Since the outbreak of the war in Ukraine this February, Türkiye has stressed it is following a "balanced" policy that has yielded dividends, such as the historic deal it brokered in Istanbul this July unblocking grain exports from Ukraine.

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