US Treasury Secretary Scott Bessent on Sunday signalled a tentative deal with China to de-escalate their damaging, tariff-fueled trade war -- just days before a summit between Presidents Donald Trump and Xi Jinping. Bessent said he expected the two leaders to formally announce the deal at their summit.
Ghana's new government on Tuesday announced it was scrapping several Covid-era taxes introduced in an effort to secure IMF financing, citing the economic hardship placed on ordinary citizens. They were introduced as part of efforts by the previous government to reach a $3-billion International Monetary Fund bailout, which was eventually secured in 2023.
US President Donald Trump announced massive new tariffs on Canadian steel and aluminum Tuesday, while threatening to "shut down" its auto industry and saying the best way to end the trade war was for Washington's ally to be absorbed into the United States.
French Sunday newspaper readers woke up this past weekend to starkly different visions of their country's relationship with Russia. But after Ferrari accused French officials of "wanting to go to war against Russia", a prominent Elysee advisor, asking not to be named, denounced the channel as "radio KGB".
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