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US-China Trade War Could Reduce World GDP By 0.8% in 2020

China

WASHINGTON – Tariffs imposed or threatened by the United States and China could reduce global economic output by 0.8% in 2020 and cause more losses in the coming years, International Monetary Fund announced Friday. Gerry Rice, a spokesman for the IMF, said trade tensions were beginning to affect the global …

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Iran, China to Enhance Military Relations: Top Iranian General

Iran

TEHRAN – Major General Mohammad Baqeri, the Chief of Staff of the Iranian Armed Forces, said that Iran and China will witness “profound development” in their military relations, Iran Front Page reported Friday. General Baqeri, who is in China on a three-day visit, told reporters that Tehran and Beijing will …

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POLL: Indonesia seen Posting Small Trade Surplus in Aug

Indonesia

JAKARTA – Indonesia likely had a small trade surplus in August as exports and imports sank, with global trade slowing amid the U.S.-China trade war, a Reuters poll showed on Friday. The median forecast of 10 economists in the poll was for the country to record a $190 million surplus …

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Pakistan’s Extreme Poverty Drops to 3.9 Percent: ADB

ADB

ISLAMABAD – In Pakistan, extreme poverty (or less than $ 1.9 a day) went from 28.6% of the total population in 2001 to 3.9% in 2015, said the Asian Development Bank (ADB) in a report. ADB released the 50th edition of its annual statistical report, Key Indicators for Asia and …

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EU will not Recognize any Change Regarding Jerusalem ‘

EU

BRUSSELS – The EU will not recognize any change regarding Jerusalem, a senior EU official said on Wednesday. “As has been reaffirmed in many of the conclusions of the Foreign Affairs Council, the EU will not recognize any changes to pre-1967 borders, including Jerusalem, other than those agreed by the …

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