Azerbaijan, Poland boost cooperation on digital tax reforms
Azerbaijan and Poland discussed closer cooperation in digital tax reforms and innovation during a high-level meeting held on the sidelines of the IOTA General Assembly in Baku.
Major investors are reallocating from U.S. Treasuries to international bonds due to concerns over America's fiscal policies, including escalating deficits and trade tensions. European, Japanese, and Australian markets are gaining favor as the dollar weakens and U.S. yields rise.
Investors are increasingly shifting their bond portfolios away from U.S. Treasuries, citing concerns over President Donald Trump's fiscal policies, including a substantial tax bill and escalating trade tariffs. These measures are expected to significantly increase the national debt, undermining the traditional perception of U.S. government bonds as safe-haven assets.
The recent passage of Trump's expansive tax bill is projected to add $3.8 trillion to the existing $36 trillion U.S. national debt over the next decade. This development has led to a sell-off in global bond markets, with long-term U.S. Treasury yields surging; the 30-year yield recently peaked at 5.13%, the highest since October 2023.
In response to these fiscal concerns, major investment firms such as Amundi, JPMorgan Asset Management, and Goldman Sachs Asset Management are advocating for diversification into international markets. European, Japanese, and Australian bonds are gaining attention due to their strong returns and stable economic outlooks.
The U.S. dollar has also weakened, dropping 8% this year against six major peers, further diminishing the appeal of U.S. assets. Analysts suggest that unless significant fiscal reforms are implemented, the dominance of U.S. bonds in global portfolios may continue to wane.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
Russia and Kazakhstan have signed a formal agreement to move forward with the construction of a nuclear power plant in Kazakhstan, marking a key step in their energy cooperation.
A nationwide transport strike on Friday disrupted travel across Italy, with major delays and cancellations reported in rail, air, and public transit services.
Several EU Member States have activated the EU Civil Protection Mechanism (UCPM) to assist the departure of citizens due to the airspace closures in the Middle East. Slovakia, Lithuania, Greece, Poland and Portugal have requested UCPM support to assist the departure of their nationals.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China issued red alerts as extreme monsoon rain trigger flash floods across central and southern regions, threatening lives, and infrastructure.
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