Tag: International finance
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Mark Carney Expands Global Network in Davos with Gaza Reconstruction Board Invite
Davoss in Focus: Carney Seeks New Friends and Trading Partners The annual Davos gathering has long been a stage for high-stakes conversations about global finance, trade, and politics. This year, former Bank of England governor Mark Carney is turning heads as he signals a pivot toward expanding his international network. Reports from senior government officials…
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Mark Carney at Davos: Seeking New Friends and Trading Partners
At Davos, Carney prioritizes global connections The Swiss conference in Davos remains a magnet for global leaders and financial figures, and this year the spotlight is on Mark Carney as he navigates a landscape of growing geopolitical tension and shifting trade patterns. Reports indicate Carney is leveraging the gathering to build new alliances and broaden…
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Argentina repays US credit line in win for Milei
Argentina clears a milestone by repaying the US credit line In a development that could reshape Argentina’s economic narrative, the government announced that it has repaid funds drawn from a $20 billion credit line with the previous U.S. administration. The repayment is being framed as a political and economic win for President Javier Milei, who…
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Philippines Net External Liability Narrows to $58B
Philippines’ net external liability narrows to $58 billion as external assets rise The Philippines has reported an improved net international investment position in the third quarter, with its net external liability shrinking to about $58 billion. The updated data reflect a combination of stronger external assets and a more measured pace of external liabilities, signaling…
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General Assembly approves $3.45 billion UN regular budget for 2026
Overview: A new year, a new UN regular budget The United Nations General Assembly has approved the organization’s regular budget for 2026, totaling $3,450,426,300. This funding supports the UN’s three core pillars—peace and security, sustainable development, and human rights—while enabling the organization to carry out its work at a time of rising global challenges. The…
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EU Leaders Approve €90bn Ukraine Loan to Boost Military and Economic Resilience
EU Leaders Approve a €90 Billion Ukraine Loan In a decisive move, European Union leaders have agreed to extend a €90 billion loan to Ukraine, aiming to strengthen both its military and economic resilience over the next two years. The agreement marks a substantial shift in EU financial support, weaving together guarantee schemes and liquidity…
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AIIB President Defends China as a Responsible Stakeholder amid a Polarized World
Introduction: A Defiant Position in a Fragmented World The Asian Infrastructure Investment Bank (AIIB) has long stood at the intersection of global finance and geopolitics. As its first president defends China’s role as a “responsible stakeholder,” the institution finds itself navigating a world that is increasingly polarized. With China as its largest shareholder and Beijing…
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AIIB’s First President Defends China as a Responsible Stakeholder in a Less Multilateral World
Introduction: A Credited Role in a Polarized Era The Asian Infrastructure Investment Bank (AIIB) has positioned itself as a financially pragmatic alternative to traditional Western-led institutions. Its founding president, a key architect of the bank’s governance, has repeatedly defended China as a “responsible stakeholder” in an international system that frequently views Beijing through a contested…
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US Dollar in China’s Sights: Yuan-Led Push for Global Trade
China’s Currency Strategy: From Domestic Reform to Global Reach In recent months, Beijing has intensified its effort to internationalize the renminbi, aiming to reduce the world’s dependence on the US dollar. The most visible move came when China pressured BHP to settle a portion of its iron ore sales in yuan, a dramatic demonstration that…