US President Donald Trump said on Friday (9 May) that 80% tariffs on Chinese goods “seems right” as representatives prepared for weekend talks to contain a trade war between the world’s two largest economies. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet Chinese economic tsar He Lifeng in Switzerland for […]
Read MoreBy Khushboo Razdanin Washington US President Donald Trump has announced a trade agreement with Britain, marking the first such pact secured by his administration since launching a sweeping effort to overhaul the global trading system through tariffs, as he suggested a call with China’s leader Xi Jinping loomed and that levies on Chinese goods “could […]
Read MoreRIYADH: Energy giant Saudi Aramco sees China as one of its key global investment destinations, with ongoing efforts to explore further opportunities across the power generation, chemicals, and technology sectors, according to its CEO. Speaking at the China Development Forum in Beijing, Amin Nasser emphasized his company’s three-decade-long partnership with the Asian country and its […]
Read MoreMullah Abdul Ghani Baradar, the deputy prime minister for economic affairs, has emphasized increasing investment for Afghanistan’s economic growth. He stated that nationwide security is currently ensured and that Afghanistan’s trade and diplomatic relations with various countries are expanding. “Security is ensured in the country, people’s wealth and honor are protected, large national projects are […]
Read MoreThe U.S. Agency for International Development (USAID) has not officially informed the govenment on any aid cut to date, Deputy Minister of Finance Harshana Sooriyaperuma told Parliament today. He said the USAID is bound to officially inform the Sri Lankan government of any aid cuts as per the agreements it has reached with Sri Lanka.
Read MoreBhutan, the country that introduced the world to the concept of Gross National Happiness (GNH), has long prioritised well-being over sheer economic growth. Now, in a bold move, the Himalayan kingdom is launching the Gelephu Mindfulness City (GMC), an ambitious project that aims to serve as an interconnected bridge of sustainable development between South and […]
Read MoreIndia’s economy likely rebounded last quarter, expanding 6.3%, driven by increased government spending that helped offset weak household demand, according to a Reuters poll of economists who forecast relatively modest growth ahead. A national election in April-June last year forced the government to curb infrastructure spending, a key driver of economic expansion in recent years […]
Read MoreThe Government of Mongolia issued a USD 500 million bond with an interest rate of 6.625 and a maturity of five years under the “Century IV” project and began trading it on the international securities market. The initial order for the newly issued bond exceeded the trading volume by 8.2 times, reaching USD 4.1 billion. […]
Read MoreWelcoming the latest budget in Sri Lanka, the Joint Apparel Association Forum (JAAF) recently expressed serious concern over the potential impact of a premature removal of the simplified value-added tax (SVAT) without a clear, well-tested alternative. Ensuring a smooth and transparent transition from SVAT is crucial to maintaining the apparel industry’s competitiveness and sustaining investor […]
Read MoreThis was announced during a courtesy meeting between Nepalese Ambassador to Bangladesh, Ghanshyam Bhandari and Commerce Adviser Sk Bashir Uddin at the Secretariat today (23 February). Bangladesh is set to receive 40 megawatts of electricity from Nepal via India for five months, starting from June to November 2025, under a tripartite agreement signed between Bangladesh, […]
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