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World Today: Key News Highlights for Your Attention

As the world continues to evolve, here are the top news topics to keep an eye on today:

1. Enrique Tarrio, Former Proud Boys Leader, Receives 22-Year Prison Sentence

Enrique Tarrio, the former leader of the Proud Boys, has been sentenced to 22 years in prison for his involvement in the U.S. Capitol riot on January 6, 2021.

2. UK Designates Russian Mercenary Group “Wagner” as a Terrorist Organization

The United Kingdom is poised to announce that the Russian mercenary group “Wagner” will be officially designated as a terrorist organization. This declaration would make it illegal to be a member of or support Wagner.

3. President of India Uses Original Title “President of Bharat”

President Terapti Murmu of India has chosen to use the title “President of Bharat” instead of “President of India.” This decision harks back to Bharat being the original name of the country before British colonization.

4. Saudi Arabia Extends Voluntary Oil Production Cut

Saudi Arabia has extended its voluntary oil production cut of 1 million barrels per day until the end of the current year, as reported by the country’s official media.

5. United Airlines Suspends Flights Across the U.S. Due to Computer System Issues

United Airlines has notified the Federal Aviation Administration (FAA) of the suspension of its flights across the United States due to encountered problems in their computer system.

6. McConnell’s Health Update: No Epilepsy, Stroke, or Parkinson’s Disease

Dr. Brian Monahan, Physician of the U.S. Congress, has revealed that a brain scan of Mitch McConnell, the Republican leader in the Senate, showed no signs of epilepsy, stroke, or Parkinson’s disease. This comes after Mr. McConnell experienced two freezes during a press conference.

7. Federal Reserve Forecasts 5.6% Growth in Q3 2023 for U.S. Economy

The Federal Reserve’s Atlanta Branch has reported that its latest GDPNow forecast model indicates a 5.6% growth rate for the U.S. economy in the third quarter of 2023, following growth rates of 2.0% and 2.1% in the first and second quarters, respectively.

8. Key Economic Data Releases Today

Today promises to be a significant day for economic data releases. Australia will unveil its gross domestic product (GDP) figures for the second quarter of 2023, while Germany will release July factory orders, and the EU will provide data on retail sales for July. In addition, the U.S. will reveal import and export statistics as well as trade balance data for July, along with the Purchasing Managers Index (PMI) final services sector for August from S&P Global, the service sector index for August from the U.S. Institute for Supply Management (ISM), and the Federal Reserve’s Beige Book report.

Stay tuned for updates on these important developments as they unfold throughout the day.

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