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Ex-Soviet state to nationalize branch of world’s second-largest steelmaker

Kazakhstan announced the decision after more than 30 miners died in yet another incident at one of ArcelorMittal’s local facilities Kazakhstan will nationalize the local assets of ArcelorMittal, the world’s second-largest steelmaker, amid safety concerns after a series of deadly incidents at the company’s Kazakh mines, the press service of Prime Minister Alikhan Smailov announced…

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Russian forex reserves growing

Russia has continued to boost its foreign currency reserves, which stood at $569.6 billion as of October 20, the central bank reported this week. According to the regulator, the volume of international reserves increased by $3.6 billion, or 0.6%, in the week from October 13, largely due to “a positive market revaluation.”

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Czech Republic should leave UN – defense minister

Jana Cernochova claims the international organization is siding with “Hamas terrorists” in the latest Middle East flare-up The United Nations has lost all credibility, and the Czech Republic would be better off leaving the international organization, Defense Minister Jana Cernochova has said. She cited a vote on Friday, which saw most member states back a…

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