45 h. ago Global trade on edge: Germany pushes G7 for quick resolution

German Finance Minister Lars Klingbeil has urged G7 nations to work swiftly to end the ongoing global tariff dispute. Speaking in Durban on Friday, he stressed that trade tension is hurting economies and must be resolved quickly. He added that while Germany supports an agreement, it will not accept unfair conditions. Klingbeil pointed to the […]

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69 h. ago Trump’s tariffs cast shadow over G20 finance talks in South Africa

Tensions over U.S. tariff threats have dominated the G20 finance ministers’ meeting in Durban, South Africa. As finance chiefs gathered to discuss global economic cooperation, President Donald Trump’s new tariff plans created concern about further trade disruption and global fragmentation. South Africa, the host, urged G20 countries to show bold leadership and unity in tackling […]

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2 w. ago Dollar holds firm as Trump’s tax bill and trade pressure shake global markets

The U.S. dollar remained steady on Friday after a recent rebound, boosted by strong job data and the successful passage of President Donald Trump’s major tax and spending bill. The legislation, expected to add $3.4 trillion to the national debt, sparked fresh debate about America’s fiscal path but did little to weaken investor confidence in […]

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2 w. ago Iran prepared to mine Strait of Hormuz after US, Israel strikes: sources

Tensions escalated in the Gulf last month as US intelligence revealed that Iran had loaded naval mines onto vessels, indicating possible plans to block the Strait of Hormuz. This move followed Israel’s missile strikes on Iranian sites on June 13 and raised alarms in Washington about the risk of a wider conflict impacting global trade […]

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2 w. ago 5G auction delays frustrate Pakistan’s digital leap, govt pushes for quick action

Pakistan’s much-anticipated 5G spectrum auction has faced delays, largely due to ongoing legal complexities. Federal IT Minister Shaza Fatima explained that the auction cannot proceed until the Competition Commission of Pakistan approves the merger between Telenor and PTCL. This approval is crucial, as the commission operates independently and its decision is awaited. The minister emphasized […]

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3 w. ago China warns: Global economy at risk if middle east tensions escalate

Beijing: China has called on the international community to take stronger steps to prevent the current conflict from impacting the global economy. Chinese Foreign Ministry spokesperson Gu Jiaqun emphasized that the Gulf region and its surrounding waters are among the world’s most crucial trade routes, and instability there poses significant risks to global economic activity. […]

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