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The United Nations, in its first Digital Economy Report, states that the US and China are creating the vast majority of wealth in the digital economy.

The US government has imposed oil sanctions in Venezuela as well as sanctions on high-ranking members of the Venezuelan security forces and other senior officials. The US visas of other Venezuelan officials and their relatives have been revoked.

The US administration has been criticizing European nations for failing to meet the official annual defense spending target of 2 percent of GDP set by NATO.

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The United States will have no mercy when it comes to clamping down on competitive non-US companies. To achieve its technological hegemony, Washington has never hesitated to openly violate the principles of market economy and fair competition which the United States has always flaunted.

The US recognized Jerusalem as Israel's capital in December, sparking global outcry.

The United States acknowledged it could not say precisely when the weapons were transferred to the Houthis, and, in some cases, could not say when they were used. There was no immediate way to independently verify where the weapons were made or employed.

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The United Nations Conference on Trade and Development said in its latest report that the global economy is likely to contract by 4.3 percent this year and the contraction will leave global output by the end of the year over trillion short of economists' expectations before the COVID-19 pandemic. That contraction and shortfall would be the equivalent of a complete wipeout of the Brazilian, Indian and Mexican economies.

The US dollar's ascent, which is compared to a history of declines in the wake of the US economic slowdown and Fed rate cuts, is attributed to investors' confidence that US treasury bonds are a safer option, and the fact that US rates have stayed above those in developed economies such as Japan and the euro zone.

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The US imposed 25 percent tariffs on billion in Chinese goods on July 6 and duties on another billion in coming weeks is planned. China has responded in kind.

The UK has been named "country of honor" and official partner at the fair, which will host 2,500 companies from 28 countries and regions. The fair is a flagship event for advanced manufacturing in China, covering new energy vehicles, big data, robotics, aerospace, and clean energy among other technologies.