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IMF says Israel-Hamas war likely to hit neighboring economies
IMF says Israel-Hamas war likely to hit neighboring economies
The Israel-Hamas war is likely to hurt other economies in the Middle East, including Egypt, Lebanon and Jordan, International Monetary Fund (IMF) managing director Kristalina Georgieva said Wednesday.
2023-10-25 22:19
Ballgowns, surveillance and cloning for sale at China pet fair
Ballgowns, surveillance and cloning for sale at China pet fair
A shimmering, 1.5-metre-long golden ballgown stood pride of place in a Shanghai exhibition hall Thursday -- and for the cool price of $13,700, your dog could be the lucky animal...
2023-08-17 19:56
China's fiscal revenue up in October amid tentative recovery
China's fiscal revenue up in October amid tentative recovery
BEIJING China's fiscal revenue grew 2.6% in October from a year earlier, after a 1.3% fall in September,
2023-11-15 17:45
Sequoia China Rebranding Is High-Stakes Leadership Test
Sequoia China Rebranding Is High-Stakes Leadership Test
The venture capital giant formerly known as Sequoia China is slated to host a major gathering of investors
2023-11-09 08:59
Brazil's Americanas to seek bidders for fruit and vegetable unit
Brazil's Americanas to seek bidders for fruit and vegetable unit
SAO PAULO Brazil retailer Americanas SA said on Thursday it will next week start to seek potential bidders
2023-05-19 09:23
Ethics panel investigating Oklahoma judge using cellphone during murder trial, sheriff's office says
Ethics panel investigating Oklahoma judge using cellphone during murder trial, sheriff's office says
An Oklahoma sheriff's office official says a judicial ethics panel in investigating a new state judge who can bee seen on courtroom video scrolling through social media and texting on her cellphone throughout a murder trial
2023-07-22 03:25
Boeing looks to sell at least 150 737 Max jets to Riyadh Air - Bloomberg News
Boeing looks to sell at least 150 737 Max jets to Riyadh Air - Bloomberg News
Boeing Co is working on a deal to sell at least 150 737 Max jetliners to Saudi Arabian
2023-05-29 03:22
Former Treasury secretaries react to US credit downgrade
Former Treasury secretaries react to US credit downgrade
The US economy is resilient, but policymakers need to take the long view on the country's fiscal challenges, three former Treasury secretaries told CNN's Fareed Zakaria.
2023-08-06 22:55
EU proposes 50 bn-euro package to support Ukraine
EU proposes 50 bn-euro package to support Ukraine
Brussels on Tuesday asked EU member states to back a 50-billion-euro ($55 billion) package to support Ukraine over the next four years, as part of a...
2023-06-20 21:46
Why Janet Yellen’s frequent stops in India are important at a time of tensions with China
Why Janet Yellen’s frequent stops in India are important at a time of tensions with China
US treasury secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms Yellen will use her time in Gandhinagar to try to foster warming relations between the US and India. She also plans a stop in Hanoi, Vietnam, to address supply chain reliability, clean energy transition and other matters of economic resilience. Ms Yellen's goals for her time in India: press for debt restructuring in developing countries in economic distress, push to modernize global development banks to make them more climate-focused and deepen the ever-growing US-India relationship. Ms Yellen’s frequent stops in the country signal the importance of that relationship at a time of of tensions with China. India’s longstanding relationship with Russia also will loom as the Kremlin's invasion of Ukraine continues despite US and allied countries’ efforts to sanction and economically bludgeon Russia's economy. India has not taken part in the efforts to punish Russia and maintains energy trade with that country despite a Group of Seven agreed-upon price cap on Russian oil, which has seen some success in slowing Russia's economy. Still, the US increasingly relies on India and has courted its leaders. President Joe Biden hosted a White House state visit honoring Indian prime minister Narendra Modi in June, designed to highlight and foster ties. The two leaders pronounced the US-India relationship never stronger and rolled out new business deals between the nations. Raymond Vickery Jr, a policy expert on US-India relations at the Center for Strategic and International Studies, said Ms Yellen's coming to India shortly after visiting China is meaningful in that Indian officials “are going to want to know in great detail what happened in the meetings with her Chinese counterparts and see where it fits with their perspective on economic relations with China.” “They’re going to want to know whether or not the United States is serious about moving some of its sourcing activity from China to India.” A senior Treasury official, speaking on condition of anonymity to preview Ms Yellen’s trip, said there was hope that debt treatments for Ghana and Sri Lanka will be discussed and completed quickly at the meetings. Sri Lanka and Ghana defaulted on their international debts last year, roughly two years after Zambia defaulted. And more than half of all low-income countries face debt distress, which hurts their long-term ability to function and develop. Last month, Zambia and its government creditors, including China, reached a deal to restructure $6.3bn in loans, on the sidelines of a global finance summit in Paris. The agreement covers loans from countries such as France, the U.K., South Africa, Israel and India as well as China – Zambia’s biggest creditor at $4.1bn of the total. The deal may provide a roadmap for how China will handle restructuring deals with other nations in debt distress. Ms Yellen’s trip comes shortly after she spent a week in China, meeting the nation’s finance ministry and discussing mutual trade restrictions and national security concerns. Harold W Furchtgott-Roth, a senior fellow at the Hudson Institute, said Ms Yellen's trip to India “is a reflection of a naturally developing alliance.” “India has a great deal of tension with China – they have constant border disputes,” he said. “And India wants to develop and has developed into sort of an Indian Ocean naval power, which is also a region that China wants to develop." Read More What Britain needs is a ‘grown-up’ relationship with China US Treasury Secretary Janet Yellen visits China as part of efforts to sooth strained relations Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs Janet Yellen expresses hopes her Beijing visit has put US-China ties on a ‘surer footing’ Janet Yellen highlights record US-China trade and talks ‘fair rules’ during Beijing visit Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-07-16 19:16
Trump Seeks Mistrial in NY Fraud Case, Alleges Bias by Judge
Trump Seeks Mistrial in NY Fraud Case, Alleges Bias by Judge
Donald Trump is seeking a mistrial in New York state’s $250 million civil fraud lawsuit against the former
2023-11-16 00:58
Tesla wants to double the size of its European assembly plant- NYT
Tesla wants to double the size of its European assembly plant- NYT
Tesla Inc wants to double the production capacity of its assembly plant outside Berlin to one million electric
2023-07-20 12:16