Global News Summary: Major Events of the Day

A powerful earthquake struck the coast of Chile on Tuesday, registering a magnitude of 7.7 on the Richter scale. The tremor, which occurred at 11:22 PM local time, was centered near the city of Valdivia. The Chilean authorities have issued a tsunami warning for the coastal areas, urging residents to evacuate to higher ground. No immediate reports of casualties or significant damage have been released.

The United Nations Security Council held an emergency meeting on Wednesday to discuss the ongoing conflict in Ukraine. The meeting, which was requested by the United States and its allies, focused on the recent escalation of hostilities in the eastern Donbas region. The council members expressed deep concern over the situation and called for a ceasefire and a return to diplomacy.

The International Monetary Fund (IMF) has revised its global economic growth forecast for 2023, lowering it to 2.9%. The IMF cited the ongoing war in Ukraine, rising inflation, and tighter monetary policy as key factors contributing to the slowdown. The revised forecast represents a significant reduction from the IMF's previous projection of 3.4% growth.

The United States and China have agreed to resume high-level talks in an effort to stabilize their strained relationship. The talks, which are expected to take place in the coming weeks, will focus on issues such as trade, climate change, and North Korea. The two countries have been engaged in a trade war for several years, and tensions have escalated in recent months over Taiwan and the South China Sea.

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