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Pakistan finance minister calls for urgent debt management reforms

Pakistan finance minister calls for urgent debt management reforms

ISLAMABAD – Pakistan’s Finance Minister Dr. Shamshad Akhtar highlighted the critical need for comprehensive fiscal reforms at an Islamabad event today, stressing that managing the country’s unsustainable debt levels should top the national reform agenda. Speaking at a Sustainable Development Policy Institute gathering, Akhtar detailed the challenges posed by high servicing costs, which have consumed…

In Iowa speech, Trump praises foreign dictators’ strength, slams ‘weak’ Biden

In Iowa speech, Trump praises foreign dictators’ strength, slams ‘weak’ Biden

Just days after Chinese President Xi Jinping made a historic visit to the U.S., former president Donald Trump heaped praise on him, calling him “a great guy.”During a campaign rally in Fort Dodge, Iowa, Trump called Xi “fierce” and “smart,” contrasting him with President Joe Biden, who Trump called “weak” and “a very stupid person.”…

Xi told Biden Taiwan is biggest, most dangerous issue in bilateral ties -US official

Xi told Biden Taiwan is biggest, most dangerous issue in bilateral ties -US official

By Jeff Mason and Trevor HunnicuttWOODSIDE, California (Reuters) -Chinese President Xi Jinping told U.S. President Joe Biden during their four-hour meeting on Wednesday that Taiwan was the biggest, most dangerous issue in U.S.-China ties, a senior U.S. official told reporters.The official quoted Xi as saying China’s preference was for peaceful “reunification” with the Chinese-claimed island…

Sen. Joe Manchin says Donald Trump would destroy US democracy if he wins second term as president

Sen. Joe Manchin says Donald Trump would destroy US democracy if he wins second term as president

CHARLESTON, W.Va. (AP) — West Virginia Sen. Joe Manchin, days removed from announcing he won’t seek reelection, said Wednesday that if the nation’s voters give former President Donald Trump another term in the White House, “he will destroy democracy in America.”Manchin, whose home state voters overwhelmingly backed Trump in the last two presidential elections, made…

US bank regulators to be grilled by Congress on capital hike plan

US bank regulators to be grilled by Congress on capital hike plan

© Reuters. FILE PHOTO: Federal Reserve Board Vice Chair for Supervision, Michael Barr, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill in Washington, U.S., May 18, 2023. REUTERS/Eve By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – The Federal Reserve’s top Wall…