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IMF lifts 2025 growth forecast on 'fragile' easing in trade tensions
IMF lifts 2025 growth forecast on 'fragile' easing in trade tensions
by  AFP

The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump's sweeping tariffs sparked a bigger-than-expected surge in trade, while the US president stepped back from some of his harshest threats. For now, a "modest decline in trade tensions, however fragile, has contributed to the resilience of the global economy," Gourinchas told reporters Tuesday.

Fossil-fuel pledge in EU-Trump deal sparks climate fears
Fossil-fuel pledge in EU-Trump deal sparks climate fears
by  AFP

The EU is promising colossal new US fossil fuel purchases under its trade deal with President Donald Trump, raising concerns for the bloc's climate fight -- should the mammoth pledges come true. The Trump trade deal comes as the EU debates its 2040 emissions-reduction target, a key step towards its net zero goal.

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