China’s exporters rush shipments as fragile U.S. tariff truce lifts June outlook, poll suggests
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. re...
The United States has quietly approved a Qatari initiative to finance salaries for Syrian public-sector workers, marking a significant shift in Western engagement with post-Assad Syria, according to three sources familiar with the matter.
The funding plan—cleared by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC)—is expected to enable a gradual salary increase of up to 400% for over a million Syrian civil servants, offering critical relief to a country crippled by 14 years of war, sanctions, and decades of economic mismanagement.
A Syrian financial source confirmed that the Qatari funds would start flowing next month, under strict conditions that exclude the interior and defense ministries, in line with Western concerns over the fundamentalist background of the new Syrian leadership.
The move reflects a notable, if cautious, softening of U.S. policy, which had remained largely frozen under sanctions dating back to former President Bashar al-Assad’s rule. The current government, led by President Ahmed al-Sharaa, has sought to distance itself from its Islamist origins under Hayat Tahrir al-Sham (HTS), which deposed Assad last year.
While Sharaa has not fully convinced Western capitals of his political transformation, the Biden administration's January sanctions exemption—and now Trump’s continuity of that policy—has opened space for Gulf Arab states to provide economic lifelines. In April, Saudi Arabia and Qatar jointly repaid Syria’s debts to the World Bank, enabling renewed access to international financial assistance.
Qatar, which had been reluctant to act without a U.S. greenlight, is now expected to finalize the payment plan once it receives written confirmation from OFAC. Diplomats familiar with the discussions said this could come within days.
The Qatari initiative aligns with Syria’s newly launched free market reforms, a break from decades of protectionism under Assad. The Syrian government plans to complement the Qatari-backed salary increase with domestic funding for other employees not covered by the deal.
Despite progress, ambiguity over the broader U.S. sanctions regime continues to challenge efforts by international stakeholders to engage with Damascus. Humanitarian and financial institutions have requested clearer exemptions to avoid violating U.S. law.
Western officials remain wary of Syria’s security apparatus, even after the official dissolution of HTS in January. The group emerged from Jabhat al-Nusra, formerly al-Qaeda’s affiliate in Syria, and remains a sticking point in policy deliberations.
Economic revitalization remains at the core of Sharaa’s administration. With 90% of Syrians living in poverty, according to UN data, rebuilding state institutions and restoring public confidence are viewed as essential for national recovery.
The Qatari initiative may serve as a test case for future international engagement with Syria—one that balances economic stabilization with enduring security and human rights concerns.
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.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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