World News: 21 March 2023

African nations consider swapping debt for climate funding
The “debt-for-climate swap” option is an economic tool that allows a country’s debt to be reduced in exchange for commitments on green investments. It was among several alternative green financing models discussed at the ongoing United Nations conference for finance and economic ministers that supporters say would boost funds to adapt to climate harms, protect nature and finance local communities.

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Putin warns Russia could drop grain deal after 60 days
The disruption in shipments of grain needed for staples of diets in places like Egypt, Lebanon and Nigeria exacerbated economic challenges and helped push millions more people into poverty or food insecurity. People in developing countries spend more of their money on basics like food.

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US police forces on alert ahead of possible Donald Trump arrest
The Stormy Daniels case centres on how Mr Trump reimbursed his former lawyer, Michael Cohen, after he paid Ms Daniels $130,000 to keep quiet ahead of the 2016 presidential election about an alleged affair years earlier with Mr Trump. The former president has denied any such relationship with Ms Daniels.

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TikTok updates content rulebook as pressure from West builds
The Chinese-owned app has come under fire in the U.S., Europe and Asia-Pacific, where a growing number of governments have banned TikTok from devices used for official business over worries it poses risks to cybersecurity and data privacy or could be used to push pro-Beijing narratives and misinformation.

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IMF approves a €3 billion bailout plan for bankrupt Sri Lanka
The approval will unlock financing of up to $7 billion from the IMF and other international multilateral financial institutions, President Ranil Wickremesinghe's office said.
Earlier this month, the last hurdle for the approval was cleared when China joined Sri Lanka's other international multilateral financial institutions, President Ranil Wickremesinghe's office said.

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Ecuador journalists open USB letter bombs in newsroom
One of the devices partly exploded at Ecuavisa television in Guayaquil. BBC reported the channel presenter Lenin Artieda was injured when he opened the envelope in the middle of the newsroom. The journalist told the publication that the explosive looked like a USB device and it detonated after he plugged it into his computer. Artieda suffered minor injuries.

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