World Trade Organization chief Ngozi Okonjo-Iweala said she was pleased with the positive outcome of U.S.-China trade talks in Geneva and urged both nations to build on this momentum by developing practical solutions that ease tensions, restore predictability, and bolster global trade.
World Trade Organization Director-General Ngozi Okonjo-Iweala said she was “pleased with the positive outcome” of the recent U.S.-China trade talks in Geneva and urged both countries to build on this momentum by continuing to develop practical solutions that mitigate tensions, restore predictability, and strengthen confidence in the multilateral trading system. She noted that sustained high-level engagement between the world’s two largest economies is critical not only for their bilateral relationship but also for the stability of vulnerable and emerging economies worldwide.
The talks followed two days of intensive negotiations in Geneva involving senior officials from both sides. Participants included U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, alongside Chinese Vice Premier He Lifeng and senior economic ministers. U.S. officials announced a preliminary deal to reduce the $295 billion annual trade deficit, with full details due to be disclosed on Monday. Greer described the outcome as “substantial progress,” paving the way for follow-up negotiations on tariffs and intellectual property issues.
The discussions marked the first in-person, high-level economic dialogue since U.S. tariffs of up to 145% and Chinese duties of up to 125% disrupted nearly $600 billion in annual trade.
Baku Energy Week 2025 has become a dynamic platform for major energy stakeholders, spotlighting strategic oil, gas, and renewable projects that reinforce Azerbaijan’s global energy role and green ambitions.
Liberal candidate Lee Jae-myung is projected to win South Korea’s snap presidential election, according to a joint exit poll by major broadcasters, as the country turns the page on a political crisis triggered by former President Yoon Suk Yeol’s impeachment.
The European Union has not received a formal letter from the United States demanding that countries submit their best trade offers by Wednesday, a source familiar with the ongoing negotiations said, despite reports of such a document circulating in Washington.
Chinese authorities are probing the deaths of two Japanese nationals in Dalian, reportedly linked to a business conflict with their Chinese associate.
German Chancellor Friedrich Merz said on Tuesday that Germany will continue to reject asylum seekers at its borders, despite a court ruling deeming the practice unlawful, citing public safety and overburdened municipalities.
Baku Energy Week 2025 has become a dynamic platform for major energy stakeholders, spotlighting strategic oil, gas, and renewable projects that reinforce Azerbaijan’s global energy role and green ambitions.
Portuguese police have reopened the search for Madeleine McCann in the Algarve, acting on a German request, as investigators continue to pursue links to suspect Christian Brueckner.
Iranian Foreign Minister Abbas Araghchi in a meeting with the Director General of the International Atomic Energy Organization (IAEA) Rafael Grossi in Cairo has categorically dismissed the UN nuclear agency’s new report on Tehran’s nuclear program.
Türkiye and Finland have signed a Defence Industry Cooperation Memorandum of Understanding (MoU) aimed at deepening collaboration between the two NATO allies through joint production, technology exchange, and the development of defence capabilities.
Liberal candidate Lee Jae-myung is projected to win South Korea’s snap presidential election, according to a joint exit poll by major broadcasters, as the country turns the page on a political crisis triggered by former President Yoon Suk Yeol’s impeachment.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
The Baku Initiative Group (BIG) has issued a strong call for international efforts to combat ongoing forms of colonialism, stressing that colonial structures and ideologies persist in various political, economic, and institutional forms around the world.
French President Emmanuel Macron will meet Italian Prime Minister Giorgia Meloni on Tuesday in a bid to ease tensions over Ukraine, U.S. ties, and EU trade strategies, amid growing disagreements between the two leaders.
U.S. President Donald Trump has asked Japan to partner in developing his proposed $175 billion Golden Dome missile defense system. The move could influence ongoing tariff negotiations between the two nations.
Over 200 inmates escaped from a Karachi prison late Monday after earthquake tremors caused panic, prompting guards to unlock cells, according to Pakistani officials.
Energy giant bp is ramping up exploration and development efforts across the Caspian Basin, eyeing massive untapped oil and gas resources, according to Dan Sparkes, bp's Vice President for Exploration in Azerbaijan, Georgia, and Türkiye.
Baku Energy Week 2025 has become a dynamic platform for major energy stakeholders, spotlighting strategic oil, gas, and renewable projects that reinforce Azerbaijan’s global energy role and green ambitions.
Portuguese police have reopened the search for Madeleine McCann in the Algarve, acting on a German request, as investigators continue to pursue links to suspect Christian Brueckner.
Iranian Foreign Minister Abbas Araghchi in a meeting with the Director General of the International Atomic Energy Organization (IAEA) Rafael Grossi in Cairo has categorically dismissed the UN nuclear agency’s new report on Tehran’s nuclear program.
Türkiye and Finland have signed a Defence Industry Cooperation Memorandum of Understanding (MoU) aimed at deepening collaboration between the two NATO allies through joint production, technology exchange, and the development of defence capabilities.
Liberal candidate Lee Jae-myung is projected to win South Korea’s snap presidential election, according to a joint exit poll by major broadcasters, as the country turns the page on a political crisis triggered by former President Yoon Suk Yeol’s impeachment.
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