Global economy
IMF calls for bold transparency reforms to slash Govts borrowing costs
The International Monetary Fund (IMF) has issued a strong warning to governments across the world, stressing that failure to improve transparency in borrowing could drive up financing costs, weaken investor confidence, and increase the risk of debt crises. In a blog post released on Tuesday, the IMF’s Deputy General Counsel, Yan Liu, cautioned that hidden […]
China Reopens Door to US Trade Talks,
In a significant diplomatic overture, China has reaffirmed its openness to resuming stalled trade negotiations with the United States, signaling a potential de-escalation of trade tensions that have rattled global markets since the beginning of US President Donald Trump’s second term. Speaking at a routine press briefing in Beijing on Wednesday, Chinese Foreign Ministry spokesman […]
China Fires Back at US with Countermeasures Over New Tariffs
The trade tensions between the United States and China have intensified, with China vowing to take “all necessary countermeasures” against the US’s new tariffs. The US has announced that it will impose an additional 10% tariff on Chinese imports, effective Tuesday. This move comes after US President Donald Trump announced that he would impose sweeping […]
Asian Market Slide as Inflation Fears, German Election Results
Asian markets mostly fell on Monday, tracking a weak end to last week for Wall Street fueled by disappointing economic data.However, Frankfurt and the euro rose after conservatives won Germany’s closely watched election. A healthy performance on Friday was not enough to maintain momentum in Asian markets, as investors struggled to shake off big losses […]