Tag: USA
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China sets GDP target at 5% and raises budget deficit level as trade war intensifies
China sets its GDP growth target at 5% for 2025, unchanged from last year, despite rising risks of trade tariffs. China set the economic growth target at 5% for 2025 at its annual government meeting, while unleashing more stimulus measures to bolster the economy as trade tensions with the United States escalate. Increasing deficit level…
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Iran Shifts on Talks With Trump’s U.S.
Iranian President Masoud Pezeshkian has stated that Tehran is open to negotiations with the United States. Speaking late Thursday, Pezeshkian said that while Iran does not oppose diplomacy, it won’t be bullied into talks either. His remarks come as U.S. President Donald Trump reinstates his administration’s “maximum pressure” campaign, aiming to cripple Iran’s economy while also signaling a willingness…
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Warren Buffett offers lessons on investing in his annual Berkshire Hathaway letter
Billionaire Warren Buffett is viewed as one of the world’s greatest investors, so his annual letters to Berkshire Hathaway shareholders are always read closely for lessons. Buffett no longer ventures much into politics or current events in his letters, so he won’t offend anyone who might take it out on his many companies that include well-known ones…
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Trump-Putin meeting not imminent, as first US-Russia talks on Ukraine finish in Riyadh
“Intensive work” is needed before a meeting between the two leaders, says top Kremlin aide after 4.5 hours of negotiations in Saudi Arabia. Negotiations Tuesday between Russia and the United States led by Russian Foreign Minister Sergey Lavrov and U.S. Secretary of State Marco Rubio have concluded in Riyadh, Saudi Arabia. The bilateral talks lasted…
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Rise of US dollar forwards builds risk for Asia’s central banks
Central banks across Asia are increasingly using derivatives to protect their currencies against a strong US dollar, raising questions over how long they can do so and whether they are just storing up trouble for the future. The Reserve Bank of India’s net US dollar short forward position – the amount of dollars that will be…
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Why Trump Can’t Ignore Syria
Despite the president’s desire to pull back from the Middle East, dealing with Damascus could be his first big strategic test. The truck attack in New Orleans on Jan. 1, in which 15 people were killed and more than 50 injured, has raised new worries about transnational jihadist extremism. The man whom the FBI has…
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IMF chief: Eurozone has tools for greater growth if it learns from US
The head of the IMF, Kristalina Georgieva, was speaking at a panel in Davos alongside ECB President, Christine Lagarde. The eurozone should look to the United States if it wants to compete more effectively for global investment, said managing director of the International Monetary Fund (IMF) Kristalina Georgieva, on Friday. “The United States has a…
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China’s Lesson for India on Weaponized Interdependence
Recent Chinese export curbs on capital goods and machinery to India amount to India’s biggest geoeconomic challenge since sanctions by the West following its successful nuclear test in 1998. Over the past few weeks, multiple reports have emerged suggesting that Chinese companies are restricting export of vital advanced capital goods and machinery to India. Indian manufacturers of electronics, solar…
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What is an executive order, and what orders did Trump sign on day 1?
We take a look at some of the most significant executive actions signed by President Donald Trump. Donald Trump has signed a flurry of executive actions just after being sworn in as the 47th president of the United States, marking the beginning of his second term. There are two types of executive actions: executive orders, which are legally…
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Levi’s and Undercover unveil anniversary collaboration
San Francisco-based denim brand Levi’s has unveiled a new collaboration with Undercover in celebration of the Japanese brand’s 35th anniversary. Founded in 1990 by Japanese designer Jun Takahashi, Undercover has become known for blending high fashion with streetwear and underground influences. For the second Levi’s x Undercover collection, the 9-piece line takes inspiration from both…