Xinhua world news summary at 0030 GMT, Jan. 11

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CARACAS -- Venezuelan President Nicolas Maduro was sworn in before the Supreme Court of Justice (TSJ) to begin a new six-year term on Thursday.

Maduro told the president of the TSJ, Maikel Moreno, that he swore on behalf of the people of Venezuela and that he would fulfill and enforce all constitutional mandates to "seek to defend the independence and absolute integrity of the country." (Venezuela-Maduro-Swearing-in)

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WASHINGTON -- The World Bank on Thursday outlined the selection process for the next president to replace Jim Yong Kim, who suddenly announced an early departure from the multilateral development bank earlier this week.

Following a board meeting on Wednesday, the board of executive directors of the World Bank affirmed its commitment to an "open, merit-based and transparent" selection process, the World Bank said in a statement. (World Bank)

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WASHINGTON -- U.S. President Donald Trump on Thursday canceled his planned trip later this month to the Swiss ski resort of Davos for the annual World Economic Forum (WEF), due to the ongoing partial government shutdown.

"Because of the Democrats intransigence on Border Security and the great importance of Safety for our Nation, I am respectfully cancelling my very important trip to Davos, Switzerland for the World Economic Forum," the president tweeted. (US-Trump-Border Wall)

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CAIRO -- U.S. Secretary of State Mike Pompeo said on Thursday that the United States will "use diplomacy" and work with partners to curb Iran's influence in the Middle East region.

"The nations of the Middle East will never enjoy security, achieve economic stability, or advance the dreams of their peoples if Iran's regime persists on its current course," Pompeo said during a speech at the American University in Cairo. (Egypt-U.S.-Pompeo) Enditem

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