U.S. Says It Wants Trade, Not Aid, in Africa. Cuts Threaten Both.
President Trump’s slashing of foreign assistance threatens road and energy projects that diplomats and experts say align with U.S. priorities.
Foreign Investments
Gulf States Pay Off $15.5 Million Syrian Debt to World Bank
The move was the latest victory for Syria’s new government as it attempts to stabilize the nation after a long civil war and decades of dictatorship.
Trump Cites $600 Billion in Saudi Deals, but Real Figure Appears Lower
The White House was shy on details about the agreements, and the projects’ costs totaled less than half the number it announced.
In Canada’s Election, Mark Carney’s China Experience Becomes a Liability
Mark Carney, who is running to win a full term as prime minister, has years of experience dealing with Chinese businesses and leadership. It’s become fodder for his opponents.
Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
IMF Expects Trump’s Tariffs Will Slow Global Economic Growth
The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies.
Cambodia and China Strengthen Ties as US Imposes Tariffs
China is the biggest foreign patron of Cambodia, where Mr. Xi concluded a tour of Southeast Asia. But the region also needs to curry favor with President Trump.
Britain Lost Out on Euro Disney. Now It’s Getting a Universal Theme Park.
A yet-to-be-named Universal Studios theme park will be the country’s largest tourist attraction when it opens in 2031. But studio executives have not yet said which characters will be featured.
A U.S. Investor Helped Build Russia’s Economy. He Was Jailed on Bogus Charges.
As President Trump promotes renewed business ties with Russia, an American investor has a warning: Anyone there can become a pawn.
With U.S. Aid Cuts No Longer a Threat, Rwanda Bets Big on Soft Power
Rwanda appears to be betting on its reputation as a key security partner and sports destination to minimize any backlash to its involvement in the war.