Azerbaijan and China sign rail deal to boost Baku–Tbilisi–Kars corridor capacity
Azerbaijan Railways and China State Railway Group agreed on Thursday to raise freight traffic on the Baku–Tbilisi–Kars line to as many as 10 train...
U.S. Treasury Secretary Scott Bessent is set to attend the upcoming G7 finance ministers' meeting in Banff, Alberta, Canada. His goal is to shift the group’s attention toward tackling global trade imbalances and addressing unfair economic practices, according to a Treasury spokesperson.
The G7 includes the U.S., Canada, Japan, Germany, France, the UK, and Italy. Bessent plans to emphasize private-sector-led growth and advocate for reducing U.S. government spending and regulation, arguing the economy has leaned too heavily on public sector support.
This will be Bessent's second engagement with G7 finance leaders, following his first in-person meeting in April during the IMF and World Bank spring sessions. That meeting did not produce a joint statement, although Canadian Finance Minister and G7 chair Francois-Philippe Champagne noted ongoing unity on several fronts despite trade tensions, especially over Trump-era tariffs.
At the same event, Bessent affirmed U.S. support for the IMF and World Bank, encouraging them to return to their primary roles of promoting economic stability and development.
Bessent also wants the G7 to return to core priorities like fixing economic imbalances and countering non-market practices, issues he says impact both G7 and non-G7 nations. Though he didn’t name specific countries, Bessent has repeatedly criticized China’s state-led economic model and government subsidies, arguing they fuel overproduction, threaten global jobs and businesses, and hurt the world economy.
In a recent speech, Bessent stated: "China's export-driven strategy is unsustainable. It's harming not only China but the global economy as well".
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.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
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.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergei Lavrov on Thursday in Kuala Lumpur, marking their second face-to-face since the war in Ukraine began.
Ukraine is set to become the first European nation to introduce Starlink’s mobile services, with leading telecom provider Kyivstar preparing to roll out messaging capabilities by the end of this year and full mobile satellite broadband by mid-2026, according to the company’s CEO, Oleksandr Komarov.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
Around four hundred drones and 18 missiles were launched by Russia in an overnight assault on Ukraine, with the capital being the primary target, according to Ukrainian President Volodymyr Zelenskyy.
Rescuers have pulled six crew members alive from the Red Sea after Houthi militants sank a second cargo vessel this week, while the fate of another 15 seafarers remains uncertain.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment