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BAGHDAD， June 28 (Xinhua) -- Iraqi federal court on Tuesday nullified two parliament sessions held earlier by divided lawmakers， and quashed relevant decisions that included the sack of parliament speaker and partially cabinet reshuffle， the Iraqi judiciary said.


""The Federal Court decided today to nullify the two parliament sessions held on April 14 and 26，"" the judicial spokesman Abdul Sattar al-Biraqdar said in a statement.


The court decision came after each of the two sides of the divided parliament lawmakers presented appeals to the federal court about the parliament session of the other side. Both complained that the session of the other side was marred by constitutional violations.


During the past few months， a critical divide appeared in the 328-seat Iraqi parliament after dozens of legislators criticized the speaker Salim al-Jubouri for the repeated delay of the proposed vote on the new cabinet candidates according to the reforms proposed by Prime Minister Haider al-Abadi.


On April 14， the protesting lawmakers held an emergency session headed by Adnan al-Janabi， an elder member of the Parliament， after al-Jubouri and his two deputies Humam Hamoudi and Aram Sheikh Mohammed did not attend the session. The dissenting legislators voted in sacking al-Jubouri and chose al-Janabi instead as interim parliament speaker.


However， sacking al-Jubouri was rejected by the legislators' other camp， who argued that the session was unconstitutional due to the insufficient required quorum.


On April 26， the parliament held a session but it turned into chaos once Abadi entered the hall， as about 30 dissenting legislators kept shouting ""illegal"" referring to Parliament Speaker Salim Al-Jubouri whom they dismissed earlier during an emergency session.


Later in the day， al-Jubouri's camp held a parliament session after a number of dissenting legislators ended their protest and joined the parliament which reconvened in another parliament building hall.


Subsequently， Abadi presented his cabinet candidates and the cabinet approved five of Abadi's list after voting on dismissing the previous ministers.


The court's verdict could be viewed as a serious blow to Abadi's efforts for presenting comprehensive reforms， including a government reshuffle， better services and an end to corruption.


A series of failed reform measures have paralyzed Iraq's parliament and the government as the country struggles to fight the Islamic State (IS) militant group， which seizes swathes of territories in northern and western Iraq， and in dire need to respond to an economic crisis sparked in part by a plunge in global oil prices.

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YANGON Justin Evans Buccaneers Jersey , Jan. 28 (Xinhua) -- Myanmar has conducted the first successful kidney transplant operation on a 10-year-old girl at Yangon's Children Hospital, the official Global New Light of Myanmar reported Sunday.


A substituted kidney for the child patient Ma Nan Yu Wei was donated by her 23-year-old brother Ko Aung Zaw Zaw for the operation.


The six-hour kidney transplant operation was jointly carried out by a team of surgeons from Myanmar and Singapore.


Such kidney transplant operations had been performed three times in Mandalay but was the first in Yangon, Dr. Su Su Dway, Yangon Children Hospital Superintendent, was quoted as saying.






Banks in China expect to see their revenue from inclusive finance grow by US$63.4 billion in 2020 and this increase is set to be the highest globally, according to an EY report today.


Inclusive finance is the provision of affordable, accessible and relevant financial products to individuals and businesses which had previously not been able to access them.


The report states that banks could focus on three measures to boost their financial inclusiveness: to customize offerings and simplify financial solutions to meet the specific needs of customers at affordable cost, to innovate channels to reach more customers at lower cost and to creatively mitigate risk to address absence of credit histories.


To boost commercial banks’ lending to small and micro-sized enterprises, startups and agricultural enterprises, the People's Bank of China announced last September a targeted reserve requirement ratio cut, which went into effect today.


EY identifies start-up community with access to diverse sources of capital as “an important enabler” to China’s inclusive finance sector.


The digital finance provided by China's leading Internet and mobile payment platforms have tremendously enhanced financial inclusion in emerging markets such as China, said Jack Chan, EY’s China financial services managing partner.


EY sees “massive potential” for banks to provide greater credit to the agriculture industry as loans to the sector account for just 1 percent of the commercial banking credit portfolio.


Farmers’ access to conventional bank loans has been limited by a lack of credit data and consequently, many are forced to secure credit from “shadow banking” firms, the report noted.


Chinese banks could help close a financing gap of as high as 3 trillion yuan (US$441 billion) to the agricultural sector by developing creative credit profiling techniques, according to a report by Chinese Academy of Social Sciences in 2016.


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