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Global Trade Uncertainty is Amplified Conflicting Trade Negotiations Statements Between US and China 04/26/2025

Emerging Markets Bank on Post-Tariff Upside as Trade War Drives Strategic Shift 04/26/2025

Pakistan's Airspace Ban Forces Indian Airlines into Costly Detours, Disrupting Global Routes 04/25/2025

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Economics

IIF: Global debt reached $ 217 trillion

According to the Institute of International Finance (IIF), the growth of the world debt for the past year has slowed down: in the first quarter it grew by only $ 600 billion, at the same time making a record $ 217 trillion, which corresponds to 327% of world GDP. The growth of debt compared to last...

Canada Lobbies U.S. Before NAFTA Talks, Canada Carries Out Strong Lobbying In The U.S.

With one encounter at a time, Canada's trade minister is trying to save NAFTA, in the baking Ohio heat. As a part of a concerted Canadian outreach campaign ahead of talks to renegotiate the North American Free Trade Agreement, Francois-Philippe Champagne is in Cincinnati for a...

UK will have to increase gas imports after Brexit

The UK is shutting down the largest underground gas storage facility, which could result in a fuel shortage this winter. Most likely, all European storage facilities will no longer be available after Brexit. Now the main gas supplier to the country is Qatar, which is in a political crisis. The gas...

FSB Report Sees No Imminent Threat On “Financial Stability” Due To Fintech Sector

G20 economic coordinators classifies Fintech activities for the possible introduction of new Fintech rules in the future. A review carried out by “global regulators” claims that the fintech growth does not translate into “any compelling risks” on the “financial stability”. However, this scenario...

To Counter U.S. Protectionism, Japan, EU Press Ahead On Free Trade Pact

Making the United States think twice over pursuing inward-looking policies and standing against a protectionist tide threatening the global economy, a free trade deal is being aimed to be reached between the Japanese and European Union through a negotiators’ meeting in Tokyo. With almost...

Will Ethereum Encounter The Same Fate As Bitcoin?

Rumours and “flash crash” weighs down customers’ confidence on etheruem. On Monday, Ethereum, the rival of Bitcoin, took a plunge while “a major exchange” put its effort to “shore up confidence” in vain. As a result, an announcement was made whereby the customers who lost their money in “flash...

GM lowers sales forecast for the US

Sales of new cars in the US in 2017 will be range "below 17 million," which may indicate a moderate decline in the industry, told experts General Motors quoted by Reuters. According to analyst Chuck Stevens, the market is definitely slowing down, it needs to be monitored monthly, and pricing is...

Even Post Brexit, Britain To Retain ‘Duty-Free’ Market Access Status For Developing Countries

The British government claims that stepping out of the E.U will enable the country to live up to its “commitments” towards the world. Ever after quitting the E.U, “nearly 50 developing countries including Bangladesh, Sierra Leone and Haiti”, will have “duty-free” access to Britain’s markets for...

In Push For Deeper Market Access, Apple CEO Touts India Impact

Even as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China, in a meeting with the Indian prime minister on Sunday, Apple CEO Tim Cook highlighted the economic impact the company is having on India. In recent years, the...

Globalization Is Brining Benefits To All Countries, Says China's Premier Touting Globalization At ‘Summer Davos’

During the first day of the World Economic Forum's "Summer Davos" event in Dalian, China, Premier Li Keqiang delivered an address resoundingly touting the benefits of globalization. Although he acknowledged that countries may also face challenges along the way, but saying that "it is...