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IMF’s Gita Gopinath Warns U.S. Debt Is Becoming Unsustainable Amid Fiscal Imbalances

The U.S. should reduce its fiscal deficit, IMF First Deputy Managing Director Gita Gopinath has said, pointing out that the nations debt load is incre

The U.S. should reduce its fiscal deficit, IMF First Deputy Managing Director Gita Gopinath has said, pointing out that the nations debt load is increasing unsustainably. She underlined that trade policy uncertainty is still high even though a U.S.UK economic agreement and lower tariffs on China are good developments. With tariffs and budget imbalances as reasons, the IMF has cut its growth prediction for the United States. Regarding longterm debt building, Gopinaths remarks coincide with President Donald Trumps proposal to extend tax cuts from his 2017 term. Citing the inability to turn significant annual deficits, Moodys recently lowered the U.S. sovereign credit rating. Read More..

B2B Tech News | 6 months ago        

South Korea Prepares Support Measures as U.S. Tariffs Hit Key Industries

Under President Donald Trumps trade policy, South Korea has promised to support measures for its car and biopharmaceutical industries, which are subje

Under President Donald Trumps trade policy, South Korea has promised to support measures for its car and biopharmaceutical industries, which are subject to U.S. tariffs. New aid packages are being prepared by the government, especially for pharmaceutical exports, which brought in $9.59 billion in 2024, of which 16% went to the United States. With the goal of completing a trade pact by July, South Korea is also discussing tariff exclusions. Affected by 25% U.S. levies, the car industry is getting liquidity support, while steel and chipmakers might get more help. In the face of uncertainties in international trade, the administration is maintaining export stability by striking a balance between diplomacy and economic resiliency. Read More..

B2B Tech News | 6 months ago        

Qatar’s QIA Doubles U.S. Investment Strategy, Targeting AI and Real Estate Expansion

After allocating $500 billion to the U.S. economy, Qatars sovereign wealth fund QIA intends to treble its yearly U.S. investments over the next ten ye

After allocating $500 billion to the U.S. economy, Qatars sovereign wealth fund QIA intends to treble its yearly U.S. investments over the next ten years. Investment levels may vary, with some years seeing more than double the prior pace, according to Mohammed Al Sowaidi, CEO of the fund. The expansion coincides with President Donald Trumps recent trip to Doha, where he inked $1.2 trillion in deals, including a $96 billion aircraft contract with Qatar Airways. QIA may be updating its fixed income strategy as it concentrates on data centres, real estate, and AI infrastructure. A move towards hightech investments and confidence in American markets are reflected in the funds expanding U.S. presence. Read More..

B2B Tech News | 6 months ago        

Chesnara Eyes HSBC UK Life Insurance Acquisition Amid Strategic Expansion

A possible purchase of HSBCs UK life insurance division is being investigated by Chesnara, a life and pensions consolidator with headquarters in the U

A possible purchase of HSBCs UK life insurance division is being investigated by Chesnara, a life and pensions consolidator with headquarters in the UK. Chesnara was one of several suitors interested in the unit, and the deal might be worth several hundred million dollars. Following a string of asset sales in Europe and North America, HSBCs divestment is in line with its larger goal of refocusing on Asia. With 1 million policies and £14 billion in assets under management, Chesnara has established itself as a major force in the UK insurance market. There is no guarantee that a final agreement will be reached, as discussions are still ongoing. Read More..

B2B Tech News | 6 months ago        

South Africa’s Ramaphosa Seeks U.S. Trade Reset With Tesla and Starlink Deals

Using Elon Musks commercial endeavours as part of a trade strategy, South African President Cyril Ramaphosa is in Washington to repair ties with the U

Using Elon Musks commercial endeavours as part of a trade strategy, South African President Cyril Ramaphosa is in Washington to repair ties with the United States. As part of the strategy, Tesla will receive reduced charges in return for the construction of EV charging stations throughout South Africa. With the United States pressuring countries subject to tariffs to authorise satellite services, Starlink licensing is also anticipated to be debated. Ramaphosas visit comes amid efforts to renegotiate trade accords and guarantee dutyfree access for agricultural exports due to concerns over land reform policies and South Africas genocide case against Israel. On May 21, he will meet with Donald Trump to address more general bilateral matters. Read More..

B2B Tech News | 6 months ago        

IndiaU.S. Trade Deal Advances as Reciprocal Tariffs Loom in July

An interim accord is anticipated before President Donald Trumps reciprocal tariffs go into force in July, as part of a multiphase trade pact between t

An interim accord is anticipated before President Donald Trumps reciprocal tariffs go into force in July, as part of a multiphase trade pact between the US and India. Market access for agricultural and industrial products, as well as nontariff barriers like quality control standards, will probably be covered in the first phase. To further talks, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer are meeting with Commerce Minister Piyush Goyal in Washington. Between September and November, a more comprehensive second phase that covers 19 important trade areas is anticipated, possibly coinciding with Trumps trip to India for the Quad summit. The last stage, which is expected to end next year, will need clearance from the US Congress. Read More..

B2B Tech News | 6 months ago        

CATL’s Hong Kong Debut Surges 12.5% as EV Battery Leader Raises $4.6 Billion

The largest IPO of 2025 saw Chinas CATL shares rise 12.5% in their Hong Kong trading debut, raising $4.6 billion. Strong investor demand was evident w

The largest IPO of 2025 saw Chinas CATL shares rise 12.5% in their Hong Kong trading debut, raising $4.6 billion. Strong investor demand was evident when the stock started at HK$296, above its HK$263 subscription price. The retail part saw 151 times oversubscription, and the institutional tranche was 15.2 times oversubscribed. CATL intends to enable automakers such as BMW, Stellantis, and Volkswagen by using the cash to boost battery production in Europe. The listing improved market sentiment at the same time as a temporary tariff truce between the United States and China. CATLs Q1 2025 net profit increased 32.9% year over year, bolstering its 38% global market share in EV batteries. Read More..

B2B Tech News | 6 months ago        

RBA Cuts Rates to 3.85% as Australia Navigates Global Economic Uncertainty

In light of a more bleak global outlook and declining inflation, Australias central bank lowered its policy rate by 25 basis points to a twoyear low o

In light of a more bleak global outlook and declining inflation, Australias central bank lowered its policy rate by 25 basis points to a twoyear low of 3.85%. In Q1 2025, consumer price inflation slowed to 2.4%, while core inflation fell to 2.9%, bringing it back to the RBAs target range of 23%. Markets anticipate more easing amid worries over global trade, and the Australian currency dropped 0.4%. In order to avoid making further cuts, the Reserve Bank of Australia continues to exercise caution. The choice takes into account market volatility worldwide, particularly the effect of US tariffs on Australian goods. Read More..

B2B Tech News | 6 months ago        



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