U.S. Treasury Secretary Scott Bessent said on Wednesday that he believes that excessively high tariffs between the U.S. and China will have to come down before trade negotiations can proceed.
Trump comments on Fed Chair Powell, trade war with China show he’s starting to ‘feel the market’
President Trump hinted at a trade-war deescalation with China and said that he has "no intention of firing" Fed Chair Jerome Powell, sending stocks soaring on Wednesday.
Bessent Sees Opportunity for ‘Big Deal’ With China
"There is an opportunity for a big deal here," between the U.S. and China, Treasury Secretary Scott Bessent said. The U.S. needs to rebalance to more manufacturing and exports and away from ...
Lacrosse hits a high in Bangladesh as global surge powers Olympic return
The lacrosse world map expanded further east this week as Bangladesh became the 94th country to join the sport's global governing body, continuing a remarkable growth trajectory for a game set to make ...
India Takes Aim at Pakistan After Slaughter of Civilians in Kashmir
India had claimed in recent years that its heavy-handed approach had brought peace to the long-restive region. The attack on Tuesday showed that wasn’t true.
India’s interest rate setters back growth-supportive monetary policy
Inflation in India is expected to stay near target this fiscal year, providing space to support growth through further monetary easing, members of the country's rate-setting panel said in the minutes of April policy that were released on Wednesday.
US Vice President Vance speaks about Pope Francis during India trip
Vance had met with Francis on Sunday, one day before the pontiff's death. Speaking to reporters in Agra, India, he described the Pope as "a great Christian pastor".
India Suspends Water Treaty with Pakistan After Pahalgam Terror Attack
In addition to the suspension of the water-sharing agreement, India has also stopped all visa clearances for Pakistani nationals.
China’s Economy Faces Rise of ‘Rat People’
Facing a hyper competitve job market and stagnating wages, a growing number of Chinese are dropping out, spending entire days in bed or surfing the internet.
China has an army of robots on its side in the tariff war
Enormous investments in factory equipment and artificial intelligence are giving China an edge in car manufacturing and other industries.