U.S. trade deficit with South Korea surpasses Japan for the first time amid shifting economic dynamics
The U.S. trade deficit with South Korea has surpassed that with Japan for the first time, highlighting significant shifts in economic dynamics.
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Nepal and Oman pledge to enhance bilateral cooperation and strengthen diplomatic ties
The meeting concluded with both sides expressing optimism about the future of Nepal-Oman relations. They agreed to explore new areas of cooperation and to work closely together on regional and international platforms.
Islamic Emirate of Afghanistan announces tax discounts for hotels and fuel stations
The decision reflects the IEA’s broader strategy to stimulate economic activity and support vital sectors amidst a difficult economic landscape
Rhode Island seeks Chinese partnership to revitalize ageing oil fields
The initiative comes amidst global economic shifts and the urgent need to bolster local energy reserves.
Kuwait oil price reaches $81.67 per barrel
Kuwait, a crucial player in the global oil market, is feeling the ripple effects of these broader economic forces.
Vietnam aims for $20 billion in bilateral trade with India by 2025
The push towards increasing trade also aligns with Vietnam's broader economic strategy of diversifying its trade partners and reducing reliance on a few markets.
Trade between Iraq and Iran soars by $150 million monthly
This substantial increase highlights a significant strengthening of economic ties between the two neighbouring countries.
Nepal and Qatar discuss strengthening bilateral cooperation
One of the key topics of discussion was the enhancement of trade and economic ties. Both nations recognized the potential for increased trade and investment, particularly in sectors such as tourism, agriculture, and energy.
Japan unveils ambitious drug development roadmap
Prime Minister Fumio Kishida announced that the government is committed to expediting the development of essential medicines, with an operational start date set for April 2026. The roadmap outlines the establishment of over ten pharmaceutical startups by 2028, supported by a doubling of investment in drug development.
Qatar and U.K. enhance strategic partnership in high-level talks
The high-level talks covered a range of critical issues, including defense cooperation, regional security, and economic collaboration. The meeting underscored the longstanding ties between Qatar and the UK and the mutual commitment to addressing shared challenges in the Middle East and beyond.
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