President Donald Trump has banned the development of a digital dollar, pushing the U.S. further behind in the global digital currency race. Trump’s executive order, which was signed on January 23, prohibits U.S. institutions from issuing or using central bank digital currencies or CBDCs. The order argues that a digital dollar could threa...
ISLAMABAD (AA) – Pakistan and Saudi Arabia have signed an agreement to defer a $1.2 billion payment on oil imports by one year, according to an official statement. The deal was signed on Monday at the Prime Minister’s Office in Islamabad by Pakistan’s secretary of economic affairs, Kazim Niaz, and Saudi Fund for Development chief [...
In a tit-for-tat move, China on Tuesday imposed additional tariffs on some U.S. products. The latest development comes after President Donald Trump imposed a 10% tariff on imports from China. According to China’s Ministry of Commerce and General Administration of Customs, Beijing imposed more tariffs on certain imported goods originating...
ISTANBUL (AA) – French President Emmanuel Macron has said that Europe must be prepared to defend itself against potential trade challenges, stressing that the bloc must react decisively if targeted by economic measures. “If we were attacked on commercial subjects, Europe, as a power that stands, will have to make itself respected a...
ANKARA (AA) – The Treasury Department has granted Elon Musk and members of his Department of Government Efficiency (DOGE) team access to the federal payment system, which manages trillions of dollars in government expenditures, press reports say. This system, essentially the federal government’s checkbook, holds sensitive financial data ...
The U.S. has agreed to pause tariffs on Mexico for a month after talks between President Claudia Sheinbaum and President Donald Trump. Sheinbaum said Mexico will deploy 10,000 National Guard troops to the border to curb drug trafficking. The move follows Trump’s decision to impose 25% tariffs on Mexican products. Sheinbaum threatened retaliat...
WASHINGTON (AA) – Panama’s President Jose Raul Mulino on Sunday hosted US Secretary of State Marco Rubio in Panama City and said his country’s “sovereignty is not in question” amid President Donald Trump’s demand to take control of the Panama Canal. “Panama’s sovereignty is not in question, and I...
WASHINGTON (AA) – President Donald Trump said Sunday that he is cutting future funding to South Africa over alleged land confiscation and mistreatment of “certain classes of people.” “South Africa is confiscating land, and treating certain classes of people VERY BADLY. It is a bad situation that the Radical Left Media d...
Expanding trade relations with Central Asian nations have brought China significant influence in the region while at loggerheads with the US BEIJING, China (MNTV) – China has further solidified its position as the leading economic force in the Central Asian region, recording a nearly 5% increase in trade turnover in 2024, according to da...
While corridor runs through a territory controlled by Armenia, the project is seen by Azerbaijan and Türkiye route to connect with Central Asia BAKU, Azerbaijan (MNTV) – The Zangezur Corridor, a 43-kilometer land passage along Armenia’s border with Iran, is emerging as a key transportation route linking Azerbaijan and Türkiye with the Tu...
