Around the Globe

Around the Globe

It’s Trump Against the Developed World as G-7 Frays Over Tariffs

US President Donald Trump will cut a lonely figure at a meeting of the world’s club for wealthy nations this week.

From steel tariffs to Iran sanctions and climate change, the president will find himself isolated from other Group of Seven leaders at the summit in Quebec. The meetings on Friday and Saturday will be the first opportunity for America’s closest allies to express their frustration in face-to-face meetings with Trump after he imposed steel and aluminum tariffs last week.

Donald J. Trump @realDonaldTrump

Bilawal Bhutto Zardari seeks revival in Pakistan’s election

Pakistan’s only major left-leaning political party is fighting for its electoral relevance and to preserve the legacy of the country’s best-known political dynasty weeks before the country heads to the polls.

In his first election campaign, Bilawal Bhutto Zardari, the scion of the storied Bhutto family who now heads the Pakistan People’s Party (PPP), is attempting to recapture the support his mother, two-time former Prime Minister Benazir Bhutto, enjoyed on her return from exile in 2007, before she was assassinated on the campaign trail.

Jordan’s PM submits resignation after protests, source says

Jordan’s Prime Minister Hani Mulki submitted his resignation to King Abdullah on Monday, an official source said, to soothe widespread anger over economic policies that have sparked the largest protests in several years and dozens of arrests.

Thousands of Jordanians took to the streets of the capital Amman and main provincial towns again on Sunday, extending days of protests that have shaken Jordan, a staunch U.S. ally that has remained stable through years of turmoil in the region.

Thousands march for Belgium shooting victims

Nearly 3,000 people marched in the Belgian city of Liege on Sunday to honour the three victims of a shooting there last week that prosecutors are treating as a terrorist attack. The marchers, most dressed in white, made a solemn procession through the city's sunny streets before laying white roses at the scene of the attack by Benjamin Herman, who shot dead two policewomen and a student on Tuesday.

China’s role as creditor to the world is fading

China’s much-criticised trade surpluses are declining in a shift that’ll see less of its excess savings recycled into global capital markets.

For emerging markets already struggling to cope with rising US interest rates, that prospect poses an additional set of dangers. A prolonged slide in China’s purchasing firepower would put upward pressure on global yields after a decade of binge-borrowing left the world’s emerging markets with a hangover.

Russian journalist Babchenko turns up alive after reported murder

A dissident Russian journalist who was reported murdered in Kiev dramatically reappeared alive on Wednesday in the middle of a briefing about his own killing by the Ukrainian state security service.

Ukrainian authorities had said on Tuesday that Babchenko, a 41-year-old critic of President Vladimir Putin and of Russian policy in Ukraine and Syria, had been shot dead at his flat and that his wife had found him in a pool of blood.

Top North Korean general to visit US

North Korean leader Kim Jong Un has dispatched one of his top aides to New York for talks ahead of his planned summit with Donald Trump next month, the US president said on Twitter.

“Meetings are currently taking place concerning Summit, and more,” Trump said in a Twitter posting that misspelled the envoy’s name. “Kim Young Chol, the Vice Chairman of North Korea, heading now to New York. Solid response to my letter, thank you!”

CAIT files petition in CCI against Walmart-Flipkart deal

Traders body CAIT on Monday said it has approached the Competition Commission of India (CCI) against the Walmart-Flipkart deal, stating that it will create unfair competition and an uneven level playing field for domestic players.

The Confederation of All India Traders (CAIT) said the deal would deny market access to non-preferred sellers and impact small traders on offline platform. The confederation has “filed its objection petition in CCI against the Walmart-Flipkart deal,” it said in a statement.

Munjals-Burmans give consent to re-open Fortis bidding process

Fortis Healthcare on Monday said the Munjals-Burmans combine, whose bid for investing Rs 1,800 crore was approved by its board, have consented to re-opening the bidding process to enable the company to move ahead with the fund-raising transaction.

The development comes at a time when there is an uncertainty over the process of sale of Fortis as four of the directors, who had approved the Munjals-Burmans bid, are no longer on the company’s board.

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