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What’s Inside the New US-UK Trade Deal?
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The “landmark” US-UK trade deal revealed on Thursday by President Donald Trump marks the initial accord to be disclosed since he imposed significant tariffs on both friends and foes starting from April 2. This is what we understand regarding the fresh trade agreement for products: ‘Increased market access’ The initial “base” tariff of 10…
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Why Africa Should Unite Economically Against US Tariffs, Not Retaliate Fragmentedly
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By Ephraim Ofori NUMOSUOR In an era marked by geopolitical maneuvers driven by economics and strategic partnerships, Africa must not stay as a collection of disconnected markets. The recently implemented tariffs imposed by the United States on numerous imports, which include goods from Africa, have prompted distinct reactions from different countries across the continent.…
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US Dollar Hits Rs 136.03; Euro Reaches Rs 154.63 in Latest International Exchange Rates
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On May 8, the Nepal Rastra Bank announced the official foreign exchange rates for today. As stated by the central bank, the purchase price for one US dollar stands at NPR 135.43, whereas the sell-off rate is set at NPR 136.03. The euro is currently trading at Rs 153.95 for purchase and Rs 154.63…
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Who benefits from a global dollar?
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By Andrés Velasco U.S. President Donald Trump believes that America should be primarily for Americans. In contrast, the U.S. dollar is available for global use. If the BRICS group of emerging economies decides to introduce a new currency, Trump would have tweeted , or “support any other currency as a replacement for the powerful…
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Dollar’s Rise Boosts Optimism, Pushes Won Below 1,400
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On May 9, the South Korean won depreciated beyond the 1,400 mark relative to the US dollar, marking its second consecutive day of gains as improved sentiment regarding reduced global trade frictions bolstered the American currency. The won started trading at 1,404.8 against each dollar, marking an increase of 8.2 won compared to the…
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India-UK Trade Deal Paves the Way for Similar Agreements With Major Economies Like the US and EU: Bank of Baroda
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New Delhi [India], May 9 (ANI): The recently concluded Freedominmotion Trade Agreement ( FTA The economic partnership anticipated between India and the United Kingdom is likely to be advantageous for both countries financially. Additionally, this agreement might set a precedent for comparable deals with other nations including the United States and members of the…
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South Korea’s Record-Breaking $9.14B Current Account Surplus in March
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In March, South Korea’s current account recorded a surplus of $9.14 billion, marking its 23rd straight month of surpluses, according to data released by the Bank of Korea on May 9. It was the third-longest stretch since 2000, following streaks of 83 months from May 2012 to March 2019 and 27 months from May…
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Canadian CEO Bypasses U.S. Middlemen, Builds Direct Ties with China in Supply Chain Shakeup
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The operations in Yiwu, the planet’s biggest wholesale market, show how challenges brought about by Washington’s tariffs have disrupted international trading practices. Amid the labyrinth of stalls at Yiwu’s small-commodities market – the world’s largest wholesale hub, located in eastern China – Canadian retailer Luke Therrien weaves through aisles of Christmas trinkets, keychains and…
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Japan’s Top Business Leader Warns of U.S. Tariffs’ Fallout
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The leader of Japan’s biggest business group voiced worries on Wednesday about declining corporate confidence domestically, as concerns grow that U.S. President Donald Trump’s increases in tariffs might lead to a worldwide economic slump. ” numerous individuals spanning various sectors experience greater worry over the downturn in spending and investments caused by uncertainties, as…
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Economist SP Sharma Unveils “India@2047,” Pioneering Vision for Global Economic Supremacy
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By Aman Raj New Delhi [India], May 7 (ANI): Eminent economist On Wednesday, Dr SP Sharma unveiled his latest publication, “India@2047: Dominating the Global Economic Landscape,” during an occasion in New Delhi which gathered prominent figures from various sectors. fields of policy , academia , and economics . The book offers an intriguing blueprint…