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20th anniversary of Russia's 1998 default

Twenty years ago, on August 17, 1998, Russia announced a technical default on main types of sovereign debt securities to the amount about $72.7 million.  One of the main reasons of crisis was the oil price collapse to $9.1 per …

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Iraq bombs ISIS 'operations room' in Syria

Iraq launched an air strike on a gathering of ISIS fighters in Syria yesterday, killing members of the hardline militant group who planned cross-border attacks, its military said. F-16 fighter jets bombed and destroyed an …

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Ankara: Turkey to respond in kind to US sanctions

Turkey will continue to pursue policy of tit-for-tat responses to any U.S. actions, Turkish Trade Minister Ruhsar Pekcan said after Washington threatened to impose more sanctions on Turkey in an escalated row between …

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Muslim Magomayev was born 76 years ago

The outstanding Azerbaijani and Russian singer, composer, People's Artist of the USSR Muslim Magomayev would have marked his 76th birthday today. He achieved iconic status in Russia and the post-Soviet countries, …

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Is China preparing for war with U.S.?

China is actively developing its fleet of long-range bombers and "likely" training its pilots for missions targeting the US, according to a new Pentagon report. "Over the last three years, the People's Liberation Army …

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 Bus drives into ditch on German highway

A passenger bus has driven into a ditch beside a highway in northeastern Germany and turned over, the local police said. Six people were seriously injured as a result of the accident and a further 10 slightly hurt, AP reported. …

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Brian Hook named U.S. Special Representative for Iran

U.S. Secretary of State Mike Pompeo has announced the appointment of a special representative for Iran to coordinate U.S. policy. In a briefing on August 16, Pompeo said Brian Hook, the State Department’s director of policy …

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Ferry line from Crimea to Turkey to be opened again

The ferry line will connect several ports on the  Crimean peninsula to Turkey across the Black Sea, CEO of Crimean Sea Ports Alexey Volkov said, adding that the company is expecting to launch the sea connection by fall. …

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Kocharyan announces his political comeback

Former Armenian president Robert Kocharyan announced his political comeback. "Consider that I came back," Kocharyan said in response to a question whether he was returning to politics, ARKA reported. …

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Baku to host ADEX 2018 defense exhibition in September

Azerbaijan International Defense Exhibition ADEX 2018 will be held in Baku on September 25-27, the Azerbaijani Ministry of Defense Industry said. The exhibition, which will be held for the third time, is one of the largest events …

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