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    Davos Summit Ends with New Warnings on Global Economy

    International financial leaders have wrapped up the World Economic Forum meeting in Switzerland with warnings that much remains to be done to stabilize the global economy.

    International Monetary Fund chief Christine Lagarde, speaking Saturday in Davos, said the IMF outlook for a "fragile and timid" recovery depends on leaders in the top economies of Europe, the United States and Japan making "the right decisions."

    She warned against complacency among the 17 European nations using the euro, while noting that two major European economies, Italy and Spain, have survived the worst of the European crisis.



    "And clearly, two major players have recovered significantly in terms of access to financial markets and financing -- Italy and Spain -- one of which, the former, [Italy] will be facing a political election come February. So it is not a stable landscape and walk in the park for the year 2013, but it's a lot better than what they have had in 2012."



    Lagarde also voiced interest in dramatic policy moves by Japan this week to stimulate its stalled economy by doubling its inflation target to two percent -- a move similar to that undertaken in recent years by the U.S. central bank -- the Federal Reserve.



    "We are very interested by those [Japanese] policies. We certainly would like them to be complemented -- just as in the United States -- with a mid-term plan that includes how the debt will be reduced going forward."



    Japan has so far brushed aside criticism that aggressive Bank of Japan policy changes could trigger competitive currency devaluations.

    Saturday, Japan's Minister of Economic and Fiscal Policy, Akira Amari, defended the inflation goals and denied the existence of a deliberate policy to drive down the value of the yen. He said the focus of the new policies is on ending deflation and said it is up to markets to decide currency exchange rates.

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    Brexit Vote Plunges Global Markets Into Uncharted Territoryi
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    June 24, 2016 9:38 PM
    British voters plunged global markets into unknown territory after they voted Thursday to leave the European Union. The results of the Brexit vote, the term coined to describe the referendum, caught many off guard. Analysts say the resulting volatility could last for weeks, perhaps longer. Mil Arcega reports.
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    Video Brexit Vote Plunges Global Markets Into Uncharted Territory

    British voters plunged global markets into unknown territory after they voted Thursday to leave the European Union. The results of the Brexit vote, the term coined to describe the referendum, caught many off guard. Analysts say the resulting volatility could last for weeks, perhaps longer. Mil Arcega reports.
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    Video Orlando Shooting Changes Debate on Gun Control

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    Video Experts: Very Few Killed in US Gun Violence Are Victims of Mass Shootings

    The deadly shooting at a Florida nightclub has reignited the debate in the U.S. over gun control. Although Congress doesn't provide government health agencies funds to study gun violence, public health experts say private research has helped them learn some things about the issue. VOA's Carol Pearson reports.
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    Video Muslim American Mayor Calls for Tolerance

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    Video Internal Rifts Over Syria Policy Could Be Headache for Next US President

    With the Obama administration showing little outward enthusiasm for adopting a more robust Syria policy, there is a strong likelihood that the internal discontent expressed by State Department employees will roll over to the next administration. VOA State Department correspondent Pam Dockins reports.
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    Brightly painted cars rapide are a hallmark of Dakar, offering residents a cheap way to get around the capital city since 1976. But the privately owned minibuses are scheduled to be parked for good in late 2018, as Ricci Shryock reports for VOA.
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    Video Florida Gets $1 Million in Emergency Government Funding for Orlando

    The U.S. government has granted $1 million in emergency funding to the state of Florida to cover the costs linked to the June 12 massacre in Orlando. U.S. Attorney General Loretta Lynch announced the grant Tuesday in Orlando, where she met with survivors of the shooting attack that killed 49 people. Zlatica Hoke reports.
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    Video Big Somali Community in Minnesota Observes Muslim Religious Feast

    Ramadan is widely observed in the north central US state of Minnesota, which a large Muslim community calls home. VOA Somali service reporter Mohmud Masadde files this report from Minneapolis, the state's biggest city.

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