IMF backs $625 million lending program to boost Chad’s economy and growth
The IMF has approved a $625 million loan program for Chad to support economic growth and social spending amid regional and economic challenges....
Chinese Ambassador Xie Feng emphasized China’s economic resilience and called for collaboration between China and the U.S. to ensure mutual security and prosperity.
Chinese Ambassador to the United States, Xie Feng, recently stressed that underestimating China is unwise, dismissing pessimistic views about the nation’s future as baseless. At the U.S.-China Business Council’s 2024 Gala Dinner in Washington, D.C., Xie highlighted China’s economic resilience and its commitment to deepening reforms and expanding high-standard opening-up.
Xie noted that China’s economy is on a “generally steady, sound and upward trajectory,” expressing confidence in achieving this year’s growth targets. He mentioned plans for proactive and impactful macroeconomic policies to maintain stability and address potential risks in the coming year.
Addressing trade relations, Xie criticized protectionist measures, stating that attempts to weaponize tariffs or erect barriers would only isolate those who implement them. He warned that such actions could disrupt global industrial and supply chains, advocating instead for collaboration to ensure mutual security and prosperity.
The ambassador’s remarks come amid ongoing discussions about the future of China-U.S. economic and trade relations. Xie reiterated China’s openness to international businesses, including American firms, inviting them to participate in China’s development opportunities.
Xie emphasized that cooperation between China and the United States is essential for global safety and prosperity, suggesting that working together would benefit both nations and the world.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
U.S. Secretary of State Marco Rubio on Friday praised Pakistan's role in promoting regional stability and discussed deeper cooperation on counterterrorism, trade, and critical minerals during a meeting in Washington with Deputy Prime Minister Ishaq Dar.
President Volodymyr Zelenskyy said on Friday that Ukrainian forces are engaged in intense battles near the eastern city of Pokrovsk, a critical logistics center where Russian forces have been steadily advancing and claiming new territory almost daily.
Cambodia has called for an immediate and unconditional ceasefire with Thailand as border clashes between the two Southeast Asian neighbors escalated for a second consecutive day, AFP reports.
Trump rejected Macron’s plan to recognize a Palestinian state at the UN.
U.S. President Donald Trump announced on Friday his support for maintaining the restrictions on U.S. and Russian strategic nuclear weapons outlined in the 2010 New START treaty, which is set to expire in February
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