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One officer killed, one wounded in Champs Elysees shooting: police

One police officer was killed and another wounded Thursday in a shooting on Paris’s Champs Elysees, police said, just days ahead of France’s presidential election.

France’s interior ministry said the attacker was killed in the incident in the early evening on the world-famous boulevard.

© AFP Ludovic MARIN

© AFP Ludovic MARIN

US Treasury’s Mnuchin: US growth good for global economy

The Trump administration’s priority is boosting US growth through tax cuts and an overhaul of regulations, and a growing American economy will be good for the world, Treasury Secretary Steven Mnuchin said Thursday.

Cutting corporate taxes to encourage US firms to repatriate “trillions of dollars” in foreign earnings currently stashed in offshore accounts will drive investment and growth, he said.

© AFP NICHOLAS KAMM

© AFP NICHOLAS KAMM

A Le Pen victory would mean ‘major disorder’: IMF’s Lagarde

The head of the International Monetary Fund on Thursday said a victory by the far-right candidate Marine Le Pen in France’s presidential elections this year could cause political and economic upheaval.

“It would certainly entail major disorder and the risk of dislocation,” IMF Managing Director Christine Lagarde told CNBC in Washington, where the fund and World Bank are kicking off semi-annual meetings.

© AFP JEAN-FRANCOIS MONIER

© AFP JEAN-FRANCOIS MONIER

Pence announces $10 bn in deals on Indonesia trip

US Vice President Mike Pence announced $10 billion in deals between American and Indonesian companies during a visit to Jakarta Friday, as he pushed for greater access to Southeast Asia’s top economy.

Eleven deals were signed.Energy firm Exxon Mobil, General Electric, and aerospace giant Lockheed Martin were among the American companies involved in the agreements.

© POOL MAST IRHAM

© POOL MAST IRHAM

Pakistan’s top court to rule in case that may oust PM

Pakistan’s Supreme Court is set to determine the prime minister’s fate Thursday with a ruling on corruption allegations that could see him ousted from power after the Panama Papers linked his family to offshore businesses.

The highly-anticipated decision threatens to plunge Nawaz Sharif’s governing party into turmoil ahead of general elections which must be held by next year, and as security and the economy improve in the militancy-plagued country.

© AFP AAMIR QURESHI

© AFP AAMIR QURESHI

Epilepsy drug behind up to 4,100 ‘severe birth defects’ in France

The epilepsy medication valproate is responsible for “severe malformations” in 2,150 to 4,100 children in France since the drug was first marketed in the country in 1967, according to a preliminary study by French health authorities.

Women who took the drug during pregnancy to treat epilepsy were four times more likely to give birth to babies with congenital malformations, said the report, jointly issued by the French National Agency for the Safety of Medicines (ANSM) and the national health insurance administration.

© AFP PHILIPPE HUGUEN

© AFP PHILIPPE HUGUEN