The IMF estimates that the US-China trade war has shaved 0.8 percentage points off global growth, while the response from central banks has only added back half a percentage point.
The IMF’s new boss, Kristalina Georgieva, sees a “serious risk” the slowdown will spread, and it’s likely to cut its 2019 global growth forecast from 3.2%.
The move to blacklist Chinese tech giants and AI start-up SenseTime has taken the Trump administration’s economic wars against China in a new direction.
Indians see West Asia as one uninterrupted wash of Islam, but the reality is more complex. For the Druze, support from Israel—where they are a recognised minority—is now critical.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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