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The US credit rating agency downgraded Hong Kong's long-term foreign currency issuer default rating on Friday from "AA+" to "AA" with a negative outlook. It is the first time Fitch has downgraded Hong Kong's rating since 1995, according to Bloomberg.

The United Nations estimates the global population may hit 9.7 billion in 2050 from the present 7.7 billion. However, a wide discrepancy among subregions is apparent across the world.

The US and Turkey have released contradicting readouts of the phone call between US President Donald Trump and Turkish President Recep Tayyip Erdogan, revealing again the deepened disagreements between the two NATO allies on the issue of Syria.

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The US Immigration and Customs Enforcement (ICE) announced on Monday that international students may have to leave the United States if their universities switch to online-only courses for the fall 2020 semester, warning that otherwise they will risk violating their visa status. The new rule immediately caused anxiety among tens of thousands of foreign students.

The United States has implemented accommodative monetary policy for more than 20 years without the occurrence of hyperinflation. The global US dollar market has played an important role due to its incorporation and absorption worldwide.

The US is aiming high. In a series of tweets posed on Monday, US President Donald Trump said, “Under our potential deal with China, they will purchase from our Great American Farmers practically as much as our Farmers can produce.”

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The US then followed with the announcement of the imposition of 10 to 25 percent tariffs on 0 billion of Chinese goods, which included everyday household items such as seafood, furniture and bicycles. In response, China threatened to slap duties on billion of US imports.

The US-based company said in a statement that China has been a strategic market for WeWork to enable enterprises, start-ups and companies of all sizes to accelerate their growth in the country and beyond.

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The United States Ambassador to China Terry Branstad delivers his first speech to Chinese media at the ambassador's residence in Beijing on June 28, 2017. The ambassador's wife, Chris Branstad, daughter Allison, son-in-law Jerry Costa and two granddaughters Sophia (6) and Stella (4) joined him to show their support. [Photo by Chen Liubing/chinadaily.com.cn]

The US is the largest contributor - responsible for 22 percent of the more than .3 billion regular budget for 2019, which pays for work including political, humanitarian, disarmament, economic and social affairs and communications.