Pakistan takes over UN Security Council presidency for July
Pakistan has assumed the presidency of the UN Security Council for the month of July, part of its current term as a non-permanent member that began in...
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.
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.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Prices for goods made in China and sold on Amazon.com are rising at a pace faster than overall inflation, signaling the growing impact of U.S. tariffs on consumers, a new analysis by retail analytics firm DataWeave reveals.
U.S. Secretary of State Marco Rubio convened his counterparts from India, Japan, and Australia on Tuesday for a high-stakes meeting of the Indo-Pacific Quad, aiming to reaffirm the group's commitment to countering China’s influence in the region.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
Pakistan has assumed the presidency of the UN Security Council for the month of July, part of its current term as a non-permanent member that began in January 2024.
Israel’s defense minister Israel Katz issued a warning toward Yemen following a missile launch by Houthi forces.
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