DUBAI, United Arab Emirates | The Latest: Germany cautions against politicizing Interpol

DUBAI, United Arab Emirates | The Latest: Germany cautions against politicizing Interpol

DUBAI, United Arab Emirates — The Latest on the election of Interpol’s next president (all times local):
3:30 p.m.

Germany is congratulating the newly elected president of Interpol and warning against politicizing the global police cooperation agency.

Foreign ministry spokeswoman Maria Adebahr said Berlin is “convinced that Kim Jong Yang is a good choice” and pointed to a “clear election result” in his favor. Kim defeated Alexander Prokopchuk, a veteran of Russia’s security services, in Wednesday’s vote.

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DUBAI, United Arab Emirates | The Latest: Russia accepts result of Interpol chief election

DUBAI, United Arab Emirates | The Latest: Russia accepts result of Interpol chief election

DUBAI, United Arab Emirates — The Latest on the election of Interpol’s next president (all times local):

3:10 p.m.

The Kremlin says it regrets that the Russian candidate for Interpol president has lost the vote but says it accepts the election results.

Tensions were high around Wednesday’s vote to choose chief of the international law enforcement agency as the United States, some countries in the West and Kremlin critics were warning that the Russian candidate might help the Russian government to use the organization to go after its opponents.

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COPENHAGEN, Denmark | Ikea to cut 7,500 jobs as customer behavior changes

COPENHAGEN, Denmark | Ikea to cut 7,500 jobs as customer behavior changes

COPENHAGEN, Denmark — Swedish home furnishings giant Ikea says it is cutting 7,500 jobs worldwide, partly as a result of a new strategy to open shops in city centers to complement its larger stores.

Ikea says the cutbacks will allow it to focus “on its e-commerce platform, to better meet the needs of its customers and be more convenient and affordable to many more people.” The company is opening stores in 30 major city centers to diversify its reach.

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YAOUNDE, Cameroon | Cameroon military frees 9 abducted children, teacher

YAOUNDE, Cameroon  | Cameroon military frees 9 abducted children, teacher

YAOUNDE, Cameroon — A Cameroon military official says the military has freed nine children and their teacher who had been kidnapped by gunmen Tuesday from a school in Kumba in the country’s restive English-speaking South West region.

Armed gunmen abducted the students from Lords Bilingual School Tuesday morning.

Nto’ou Ndong Chamberlin, senior divisional officer for the Meme Division where Kumba is located, said Wednesday that the military killed four kidnappers and destroyed their camp.

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PARIS | Second death in French protests over fuel tax hikes

PARIS  | Second death in French protests over fuel tax hikes

PARIS — A second person has died in France amid nationwide protests against fuel tax hikes that saw hundreds injured and key roads paralyzed by demonstrations.

The French Interior Ministry sent its “sincere condolences” in a Wednesday statement to the family and friends of a motorcyclist killed in an accident near a dam Monday in the southeastern Drome region. The ministry did not give details about how he was killed.

A protester was killed in a road accident Saturday as more than a quarter million French drivers blocked roads.

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PARIS | World economy has ‘passed its peak’ as trade wars weigh

PARIS  | World economy has ‘passed its peak’ as trade wars weigh

PARIS — A global economic watchdog says world growth has passed its peak and faces growing risks, including from trade disputes and higher interest rates.

The Organization for Economic Co-operation and Development, which advises many of the world’s richest economies, said Wednesday it has cut its forecast for global growth next year to 3.5 percent from 3.7 percent previously.

The Paris-based agency said that while labor markets are in good health in major economies like the U.S., trade and investment have taken a hit from higher tariffs.

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LONDON | The Latest: Merkel concerns by Gibraltar impasse on Brexit

LONDON  | The Latest: Merkel concerns by Gibraltar impasse on Brexit

LONDON — The Latest on negotiations over Britain’s exit from the European Union (all times local):

10:30 a.m.

German Chancellor Angela Merkel says she hopes Spanish reservations about the status of Gibraltar after Britain leaves the European Union can be overcome by the time EU leaders meet Sunday to sign off on the draft Brexit deal.

Speaking to lawmakers in Berlin, Merkel said that while her government backs the agreement “we still have the reservations of Spain and I can’t say how we will solve this issue.”

The deal, which spells out the conditions of Britain’s exit next year, needs to be approved by the European and British Parliaments.

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FRANKFURT, Germany | New oil price plunge sends ripples through global economy

FRANKFURT, Germany  | New oil price plunge sends ripples through global economy

FRANKFURT, Germany — Sharply lower oil prices are sending ripples through the global economy, lending more spending power to consumers shopping for Christmas gifts and making fuel cheaper for people in poorer countries.

The fall doesn’t yet match the 2014-2016 slump to $26 per barrel but will have its winners and losers. The decline has seen the international crude benchmark, Brent, fall under $65 per barrel from a four-year high in early October over $86, and U.S.

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SINGAPORE | World shares bounce back from Wall Street’s tech sell-off

SINGAPORE | World shares bounce back from Wall Street’s tech sell-off

SINGAPORE  — World markets were mostly higher on Wednesday after two days of broad losses by big technology companies, which dragged U.S. indexes into the red for the year.

KEEPING SCORE: In Europe, Germany’s DAX index jumped 1 percent to 11,171.17 and France’s CAC 40 added 0.6 percent to 4,954.32. Britain’s FTSE 100 was up 0.7 percent at 6,996.56.

Futures for the benchmark Standard & Poor’s 500 index were 0.7 percent higher at 2,659.00 and those for the Dow Jones Industrial Average rose 0.6 percent to 24,584.00.

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